No. Based only on the supplied brief, there is not enough evidence to say that users pay enough to keep these networks running. The event says ten once-prominent cryptocurrency networks still have a combined market value of $12.06 billion while trading an average of 97.13% below their all-time highs. It also says recovery needs range from roughly 21.5x for Avalanche to roughly 323x for Internet Computer. Those figures describe valuation and drawdown, not whether real user payments can support ongoing network economics.
| Primary source | CryptoSlate |
|---|---|
| Reported at | 2026-07-25T11:35:49.000Z |
| Topic | Analysis |
| Evidence limit | Reported facts are separated from interpretation; current prices and platform terms require independent verification. |
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Review BACKPACKDirect Reading
The event is an analysis item from CryptoSlate dated July 25, 2026. It summarizes a Taurex report about ten once-prominent cryptocurrency networks that still carry a combined market value of $12.06 billion despite trading an average of 97.13% below their all-time highs.
The practical answer is narrow: the market still assigns value to these assets, but the supplied information does not show whether usage, fees, or user payments are enough to sustain them. That distinction matters because market value and operating support are not the same evidence point.
AVAX And ICP
The brief identifies Avalanche as the largest of the ten networks, with a market value of $2.91 billion. It also says Avalanche would need roughly 21.5x recovery, which is the lowest recovery need stated in the supplied summary.
Internet Computer is named as the other affected asset in the brief, and the supplied summary says the recovery requirement across the group reaches roughly 323x for Internet Computer. That makes ICP the clearest example in the brief of how extreme the distance from prior highs can become.
What Is Missing
The supplied source material does not provide user payment data, fee totals, network revenue, operating costs, token-emission details, developer activity, user counts, or the full list of all ten networks. Without those inputs, it is not possible to answer the sustainability question with confidence.
It is also not possible from the brief alone to rank the ten networks by quality, expected recovery, user retention, or investment merit. The safe conclusion is evidence-limited: the drawdown is documented, the remaining valuation is documented, and the user-payment question remains open.
Practical Checks
A careful reader should separate three questions. First, what is the current market value? The brief gives $12.06 billion for the group and $2.91 billion for Avalanche. Second, how far are prices from their all-time highs? The brief gives a 97.13% average decline and recovery needs from roughly 21.5x to roughly 323x. Third, do users provide enough economic demand to support the networks? The brief does not answer that.
Before treating any of this as actionable, check whether the project has current user demand, transparent economic activity, liquid markets, clear risk disclosures, and a reason to exist beyond a prior all-time high. Those checks do not guarantee safety; they only reduce the chance of relying on price history alone.
Risk Disclosure
A large drawdown can make an asset look statistically dramatic without making it cheap, safe, or likely to recover. The supplied event says the group is far below prior highs, but it does not say that a return to those highs is probable or even reasonable.
This article is for informational analysis only and is not financial advice. Do not treat the recovery multiples, the remaining market value, the Backpack context, or the mention of AVAX and ICP as a recommendation to buy, sell, hold, or use leverage.
Backpack Context
The commercial context supplied with the brief is Backpack, with the referral URL BACKPACK official destination and code 11350287. The natural use of that context is simple: if readers independently choose to continue researching markets through Backpack, they can use the supplied link and code.
That conversion context should stay separate from the analysis. The numbers in the event do not prove that any asset will recover, that any network is sustainable, or that using a referral link improves trading outcomes.
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Review BACKPACKAffiliate link · Availability varies by region · No guaranteed outcomeQuestions readers ask
Do the supplied numbers prove these altcoins can keep running?
No. The supplied brief gives market value, average drawdown, and recovery-multiple figures, but it does not include the user-payment or cost data needed to judge whether the networks can keep running sustainably.
Why does the 97.13% average decline matter?
It shows that the group is still extremely far below prior highs, even though the ten networks retain a combined market value of $12.06 billion. It is a risk and context signal, not proof of future recovery.
What does the brief say about Avalanche?
The brief says Avalanche is the largest of the ten networks at $2.91 billion and that its recovery need is roughly 21.5x, the lowest recovery figure stated in the supplied summary.
What does the brief say about Internet Computer?
The brief identifies Internet Computer as an affected asset and says the recovery need across the group reaches roughly 323x for Internet Computer. The supplied material does not provide further ICP operating or user-payment data.
Does this article list all ten altcoins?
No. The supplied brief names AVAX and ICP as affected assets, but it does not provide the complete list of all ten networks. Listing unnamed assets would add unsupported facts.
Is the Backpack referral link an investment recommendation?
No. The supplied Backpack referral URL and code are commercial context only. They do not change the risk analysis and should not be read as advice to buy or trade AVAX, ICP, or any other asset.