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The high of all cryptocurrency times: a journey through peaks and valleys
In the world of cryptocurrency, there is a special place for those who have experienced the thrill of reaching a historic maximum. For many investors and enthusiasts, the concept of reaching an ATH (higher) is more than a simple milestone is a distinctive honor that reports an investment strategy or successful negotiation.
From Bitcoin to Ethereum and from Litecoin to Polkadot, each cryptocurrency has its own way to reach the maxims of all time. In this article, we will make a journey through the peaks and valleys of the main cryptocurrencies to keep track of their high experiences of all time.
The first days: 2011-2013
At the beginning of Bitcoin, few investors were aware of significant price increases. However, as the network has grown in popularity and the number of users increased, the same happened with the encrypted demand. This has created a cycle of self -reform, in which multiple users led to greater mining power, which in turn increased the price.
A remarkable example is the maximum of all times of Bitcoin, from $ 31,881 of 10 November 2017, during the half -event that reduced the reward of the block of 50 BTC to 12.5 BTC per block. This increase in the offer reduced the overall offer and contributed to increasing the price.
Altcoin’s ascent: 2014-2016
As Bitcoin became more established, other cryptocurrencies such as Ethereum, Litecoin and Moneto began to stand out. These new coins were often called “altcoin” or “alternative cryptocurrencies” and many investors believed that in the end they would exceed the price of bitcoin.
In the case of Ethereum, his historic download of $ 1,411 on April 10, 2017 was a significant milestone for the platform. At the time, Ethereum was facing an intense competition from other Altcoins such as EOS, Tron and Binance Coin. However, the strong reasons and resources of Ethereum have contributed to maintaining its position as one of the main cryptocurrencies.
MARKET Volatility: 2017-2018
With the beginning of 2017, cryptocurrency prices have undergone significant volatility due to a combination of factors, including:
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As a result, many Altcoins have undergone a significant increase in price during this period, including some who in the end would have reached their maxims of all time.
Bitcoin Boom: 2017-2020
After the maximum of Ethereum, several other cryptocurrencies began to stand out. Some remarkable examples include:
- Litecoin : at $ 163 on May 2, 2017, Litecoin became one of the most rapid growth in history.
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The current market: 2020-Pank
Quick progress for today and the cryptocurrency scenario has undergone significant changes. The Covid-19 pandemic and the subsequent economic crisis led to a decline in global markets and a decrease in investors’ trust.
However, some cryptocurrencies such as Ethereum and Bitcoin continue to experiment with the appreciation of prices, although at slower rates compared to the peak years 2017 and 2018.