Not as Easy as Bitcoin, Look at the Challenges of Other Crypto Coins to Pass Record High Prices

Liputan6.com, Jakarta – Bitcoin (BTC) and a number of other leading cryptocurrencies are approaching all-time highs. This development in crypto performance contributed to the expansion of the crypto economy to USD 2.32 trillion on Thursday, February 29 2024.

Reporting from Bitcoin.comSaturday (2/3/2024), currently, the price of Bitcoin is only 9.5 percent below the peak price of USD 69,044 which was reached on November 10, 2021.

However, other cryptocurrencies need to work hard to approach the highest peak values ​​ever recorded.

Ethereum (ETH) still needs encouragement to reach its peak, namely ETH must experience an increase of 29.4 percent to reach USD 4,878 which was achieved on November 10, 2021.

Likewise, BNB also requires further effort, namely that it must be able to increase by at least 40.9 percent to exceed the USD 686 threshold reached in May 2021.

For Solana (SOL), the fifth largest crypto asset by market capitalization, it must gain 49.8 percent to surpass its high of USD 259 per unit.

In contrast, XRP has seen an increase of 17 percent over the last 30 days but still needs a substantial increase of 81.9 percent to reach a new peak.

Cardano (ADA) cryptocurrency also faced a significant jump, but still needs to rise 77.7 percent to surpass its all-time high three years ago.

On the other hand, there was a significant jump of 22 percent in the last 24 hours, Dogecoin (DOGE) is still 82 percent below its peak price.

Avalanche (AVAX) is 70.4 percent below the peak of USD 144 per coin reached more than two years ago. Tron (TRX) needs a 39 percent rise, chainlink (LINK) needs a 62.5 percent rise, and polkadot (DOT), the tenth largest crypto asset (excluding stablecoins) by market capitalization needs to rise 84.2 percent to reach a high of USD 54 .98 recorded on November 4, 2021.

Thus, among the top ten standings (excluding stablecoins), BTC is clearly closest to reaching its all-time peak price.

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