When Will Your Altcoin Reach Its Next All-Time High?
With the crypto market emerging from its doldrums, you may be asking yourself how long your altcoins will take to return to their previous highs (or, at least, the price you paid).
Fortunately, I know the answer.
Probably never.
Lightning in a bottle
Pull up CoinMarketCap and look at each cryptocurrency in the top 100. Here’s the link:
For each token listed, you can see its all-time high price.
Most reached their pinnacles in 2021 or the very beginning of 2018.
A handful reached their peaks earlier this year, but only because they were so new that they didn’t exist in 2021 or 2018.
Those are the biggest, supposedly most successful cryptocurrencies. We’re not even including the (many) ones that peaked in 2013 or early 2018, then fell off the top 100 list.
Look at their charts and find the ones that went back to their all-time highs. You won’t find many.
Is your altcoin the lucky one that bucks the trend?
