One of the simple but powerful metrics used in profiling top coins is their rate of gain, which can influence the printing of new price levels across the board. As the flagship cryptocurrency, Bitcoin recently recorded a new All-Time High (ATH) above $68,700 according to data from CoinMarketCap. The market leadership Bitcoin has showcased has been followed largely by a number of Altcoins including Ethereum (ETH) which recorded its ATH of $4,878.26 about 5 days ago.
Despite the growing interest in digital currencies from both retail and institutional investors, a number of popular digital currencies have not traded close to their ATH in more than four years. Here is a look at three of the biggest of these altcoins.
XRP is a payment cryptocurrency that forms the core of the payment offering of popular blockchain payments firm, Ripple Labs Inc. The digital currency is currently trading at a price of $1.18, down 0.60% in the past 24 hours, however, it printed an ATH of $3.84 back in January 2018, a level it has not dreamt of retesting thus far.
XRP has taken a very big hit thus far this year as the United States Securities and Exchange Commission (SEC) launched a probe into Ripple that it was involved in selling XRP coins as securities. The lawsuit impacted XRP remarkably as major exchanges including Coinbase delisted it for trading. Hopefully, with a settlement, XRP may see some brighter days again.
Litecoin was created by Charlie Lee in 2011, and designed to serve as a lighter version of Bitcoin. The cryptocurrency is changing hands at $264.30, down 1.59% at the time of writing. Litecoin is arguably amongst the most recognized digital currencies today and was even included amongst the cryptocurrencies supported by Paypal.
Litecoin impressed its investors back in May when it briefly beat its ATH and set a new one at $412.96. However, from its current performance, the coin has not retested this new high and may not be doing so for a long time.
Bitcoin Cash (BCH)
At a market capitalization of $12.6 billion, the coin is the 19th largest digital currency profiled on CoinMarketCap. Forked from Bitcoin in 2017, and tagged along as a top coin until it was displaced from the top ten with new crops of cryptocurrencies with innovative use cases coming up. BCH is trading at a price of $671.97, down 84.65% from its ATH of $4,355.62, set back in December 2017. The current growth in the digital currency industry has done little to push BCH to or near this price level.