Most relevant Altcoins* (in my eyes at least) and their percentage down from ATH :

* Stable coins and exchange tokens are excluded.
That makes at least 8 crypto projects that are currently between 95% and 98% down from ATH.
Other crypto projects are slowly sinking towards the 95% down from ATH (they just take a bit more time).
Bear markets can be a bitch. We just need to survive the bitch

It's always good to see things with perspective.
It is possible that Dash is not worth $ 40 or $ 1600, simply this is a reference of the few currencies that exist in the exchanges, which obviously distort reality a lot.
The division of short positions in exchanges such as Binance that offers a 5X on Dash for example, added to the fact that USDT manipulated the global cryptographic asset market, leaves us in a position of real ignorance of what is happening.
Whales downloading?
Exchanges positioning short to buy back cheap?
Simple downtrend of a market too young?
We have clear ideas, especially those who have been here for a while, and now we have to continue building, and things will happen when we least expect it. I think it's time to keep Dash and not give it away, I would say that selling Dash below $ 100 is a great gift, but bear markets like @qwizzie says are a nightmare.
We can not do much more, we must save the euphoria of the memory with Dash at $ 1600 and compensate with the sadness of $ 40 and find a midpoint.
a greeting
I agree completely. I wished that pump to $1600 never happened, the bubble never happened; then we would have observed a much smoother timeline and not face the perceived pressures we face now.