Bitcoin is growing. Altcoins are still far from their records

By World Crypto | World Crypto | 17 Dec 2020


Today, December 16, the bitcoin rate has set a new all-time high, rising to $20.800.Thus, the first cryptocurrency completely won back the fall that began in December 2017, when the previous price record was set near $20,000.

During this period, the BTC rate decreased to $3,200 in December 2018 and to $3,800 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 $632. 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 125%.

The Litecoin cryptocurrency also needs a significant increase. The coin is now priced at $91, with the maximum price set at $375. LTC will need to grow by almost 400% from current values ​​to refresh it.

Ripple (XRP) and Tron (TRX) tokens lagged more than other popular altcoins from their highs. The former is trading at $0.54. The Ripple token needs to rise 710% to renew its record of $3.84. Tron coin needs even more growth. Its price must rise from its current value of $0.03 by more than 1000% 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 $309. To reach a new record, the cryptocurrency needs to rise in price by almost 1415%.

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