Top altcoins are in trouble??
Top altcoins are in trouble??
Its a positive sign for crypto market that Btc surpassed $72k milestone but do you realize that top altcoins are in trouble? I agree those top altcoins were also pump but not that much what they had pumped as well as recorded ath in 2021 when btc price was around $67k something. Now what is happening?
Altcoin price in 2021 vs 2024 (now)
BnB $686 vs $520
Ada $3.09 vs $0.77
Doge $0.73 vs 0.17
Dot $55 vs $11
Link $52 vs $21
Matic $2.92 vs $1.22
And so on….
Most of the alts that have met their ATH before is unlikely to reach it back. Some may be able to reach back their former ATH at this cycle but it’s just that the reality won’t make them happen for the most of them. I wouldn’t say that they’re in trouble because we’re having the basis of the former ATH. As long as they remain at the peak and being a top altcoin, it is what’s going to make them still good for their own communities having that demand from them.