Bitcoin has updated its all-time high. Altcoins are still far from the record

0 10
Avatar for d12321
Written by
3 years ago

The price of BTC has risen to $ 20.8 thousand, having completely won back the fall that began in December 2017.But many popular cryptocurrencies are several times cheaper than at the peak 3 years ago. If Ethereum needs to rise in price by another 150%, then other coins - by almost 1000%

Today, December 16, bitcoin rate set a new all-time high, rising to $ 20.8 thousand. Thus, the first cryptocurrency completely won back the fall that began in December 2017, when the previous price record was set near $ 20 thousand. During this period, the BTC rate dropped to $ 3.2 thousand in December 2018 and up to $ 3.8 thousand in March of this year.

The situation is different with altcoins. With the exception of Bitcoin, all cryptocurrencies that set a price high at the end of 2017 are now significantly cheaper than then. For example, Ethereum costs $ 593. Although the price of the coin has climbed to a local high of $ 635 over the past month, in order to renew its own price record of $ 1440, ETH needs to rise in price by another 140%.

Litecoin cryptocurrency also needs to add significantly. Now the price of the coin is $ 82, and the maximum was set at $ 375. To update it, LTC must rise 340% from current values.

Stronger than other popular altcoins, Ripple (XRP) and Tron (TRX) tokens lagged behind their highs. The first is trading at $ 0.45. To break the record of $ 3.84, the Ripple token needs to rise by 750%. Even more growth is needed for the Tron coin. Its price must rise more than 900% from its current value of $ 0.029 to set a new high above $ 0.3.

Among the leading cryptocurrencies in terms of capitalization, Bitcoin Cash has the worst position. Three years ago, its rate set a maximum at around $ 4355. At the moment, the BTC fork costs $ 293. To reach a new record, the cryptocurrency needs to rise in price by almost 1400%.



1
$ 0.00
Avatar for d12321
Written by
3 years ago

Comments