The Bitcoin (BTC) worth, which is at the moment sitting at $16,320, has solely been at this degree or increased for 12 days within the coin’s whole 4,332-day historical past, representing simply 0.28% of the cryptocurrency’s life.
Crypto analytics platform Messari published information stating that the closing worth had exceeded $16,320 solely on 12 different days, 10 of which occurred from Dec. 7 to twenty in 2017, with the best shut occurring on Dec. 16 at $19,378. Any investor who purchased on the all-time excessive of $20,089 would nonetheless be down 18.35%. In distinction, traders who purchased at this cycle’s low of $3,126 on Dec. 15, 2018, can be up 424%.
Of the opposite prime 10 cash, solely Chainlink (LINK) comes remotely near Bitcoin, with the coin sitting above the present worth of $12.70 for two.7% of its life.
In contrast, nearly all of altcoins are but to enter proportionally uncommon worth ranges. Ether’s (ETH) present worth of $464 has been exceeded 201 days previously, representing greater than 10% of the complete 1,933 days because the Ethereum community went reside.
XRP, Bitcoin Money (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT) and Cardano’s ADA costs all range between 9.7% and above 30%. BCH exceeds all different cash sitting above the present worth of $258 for at the least one-third of its life.
Bitcoin’s sturdy rise previous $16,000 has additionally seen record volumes not too long ago. With greater than $5.5 billion in Bitcoin trading volume recorded on Nov. 5, solely 9 days have seen stronger quantity in Bitcoin’s historical past.
In comparison with today in previous years, traders have seen earnings of 88%, 2,275%, 4,326% and a staggering 5,833,991% for the years of 2019, 2016, 2013 and 2010, respectively.
In different phrases, investing $1 into Bitcoin on November 13, 2010, would have elevated to $58,339 immediately.