The Bitcoin (BTC) value, which is at the moment sitting at $16,320, has solely been at this stage or increased for 12 days within the coin’s complete 4,332-day historical past, representing simply 0.28% of the cryptocurrency’s life.
Crypto analytics platform Messari published information stating that the closing value 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, buyers who purchased at this cycle’s low of $3,126 on Dec. 15, 2018, could be up 424%.
Of the opposite prime 10 cash, solely Chainlink (LINK) comes remotely near Bitcoin, with the coin sitting above the present value of $12.70 for two.7% of its life.
Against this, nearly all of altcoins are but to enter proportionally uncommon value ranges. Ether’s (ETH) present value of $464 has been exceeded 201 days previously, representing greater than 10% of the whole 1,933 days for the reason that Ethereum community went dwell.
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 value of $258 for a minimum of one-third of its life.
Bitcoin’s sturdy rise previous $16,000 has additionally seen record volumes lately. 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, buyers 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 at this time.