The all-time high is the shining point on every cryptocurrency timeline, but the cryptocurrency price gap from at the current price is what we seek to trace in this piece.
The king of cryptocurrency Bitcoin (BTC) might be all set for any coming bullish trend; however, it is going to take a while for other cryptocurrencies to catch up with their peak prices of last year.
Lately, a list has been circulating on social media, which comprises of the significant cryptocurrency price gap measurements. The list also highlights how much the crypto market would need to recover to get back at those prices or maybe beat them.
Cryptocurrency price gap from all-time high
Back in 2017, two relatively unknown terms: cryptocurrency and Bitcoin became the hot topic. The alluring tales of ‘From rags to riches’ attracted more audience, and the massive influx of naïve investors resultantly spiked the prices of cryptocurrency.
Now, most of the top ten cryptocurrencies in terms of market cap have fallen out of the favor since then and are now down somewhere between percent to 100 percent from their highest price point.
The top ten cryptocurrencies are even down from 82 percent to 92 percent, with only one altcoin being able to outperform the king of crypto Bitcoin, which is about 54 percent down from its previously recorded high of $20,000.
ATH vs Current Price pic.twitter.com/r7ufra0vtg
— Mario Lemieux (@MarioLemieux99) November 11, 2019
As per the cryptocurrency price gap list, Binance Coin is leading the crypto market with reference to its performance and down only about 48 percent from the all-time –high of its assets. Bitcoin is in the second position at 54 percent.
At a certain point, BTC was able to reclaim more of the lost ground, however; a rejection at about $14,000 sent the King of crypto back to the downward trend, and BTC’s struggle to get back to the bull run continues.
In terms of market cap, Ethereum was at the second position, above $1,400, and is still down by 87 percent, whilst the cryptocurrency ranked as the third is the XRP, which is down at 92 percent.
Recently Litecoin experienced halving and witnessed some solid gains, which continued up to the event; however, following the halving, sell-off took the price of the asset back at 82 percent down from its recorded high price.
EOS remains down 84 percent, Stellar down by 91 percent and Tron down 92 percent from their previous all-time-high prices. IOTA, Dash, and NEO are all down somewhere from 94 percent to 96 percent.
The cryptocurrency price gap explains the market down from the all-time high and the gap that we have yet to fill before the cryptocurrency
Featured Image by Pixnio.