Below Summit Levels: Altcoins Dream of Peaks as Bitcoin Stays Close to Glory

At 3:40 p.m. EDT on Friday, bitcoin ($BTC) was priced at $91,046, reflecting a 2.4% dip from its all-time high ($ATH). Here’s a breakdown of the remaining top ten cryptocurrencies and their current standing compared to their previous ATHs.

Bitcoin Inches Toward the $ATH Reached 2 Days Ago, While Altcoins Struggle Below Previous Peaks

At the time of writing, the total value of the crypto economy stands at $2.96 trillion, following a slight dip in the past day. Bitcoin ($BTC) hovers at $91,046, just 2.4% shy of its all-time high ($ATH). Meanwhile, ethereum (ETH), the second-largest cryptocurrency, is valued at $3,058 per coin, sitting 37.5% below its $ATH of $4,878.

Bitcoin, binance coin, solana, and tron are the closest top ten coins near their all-time highs. Bitcoin’s peak was captured two days ago, $BNB’s was five months ago, $SOL’s was three years ago and $TRX’s was seven years ago.

Solana ($SOL), priced at $213, has a shorter climb ahead—just 18.1%—to reach the $259 peak it hit on Nov. 6, 2021. Binance coin ($BNB) trades at $615, leaving it 14.4% beneath its $ATH of $717. On the meme coin front, dogecoin (DOGE) has been making strides but still has a 49.7% jump needed to reclaim its $0.731 high from May 8, 2021. XRP, trading at $0.894, edges closer to the $1 mark, but it would need a 73.6% boost to revisit its $3.40 $ATH from Jan. 7, 2018.

Cardano (ADA) shows some life, up nearly 20% from yesterday and now at $0.675 per unit. However, it faces a steep climb of 78.2% to return to its $ATH of $3.09. Tron ($TRX), currently at $0.188, is a bit closer to its previous high, needing an 18.8% increase to hit $0.231, a peak it achieved seven years ago. Shiba inu (SHIB), the other popular meme coin, trades at $0.00002432, which places it 71.8% below its $ATH of $0.00008616.

Lastly, toncoin ($TON), the tenth-largest crypto excluding stablecoins, is priced at $5.37. $TON still has a 35.2% gap to close before reaching its $ATH of $8.25, recorded on June 15, 2024. The varying trajectories of these top cryptocurrencies at year’s end highlight the market’s mix of promising recoveries and ongoing struggles. Moreover, while bitcoin hit its $ATH just two days ago, the rest of the pack hasn’t seen their peak prices in years.