The Bitcoin (BTC) price that is sitting at $16,320 has only been at this level or higher for 12 days in the coin’s entire 4,332-day history by representing just 0.28% of the cryptocurrency’s life.
It has been reported that Messari published data by stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred from December 7 to 20 in 2017, with the highest close occurring on December 16 at $19,378.
However, any investor who bought at the all-time high of $20,089 would still be down 18.35%. In contrast, investors who bought at this cycle’s low of $3,126 on December 15, 2018, would be up 424%.
The report said that of the other top 10 coins, only Chainlink (LINK) comes remotely close to Bitcoin, with the coin sitting above the current price of $12.70 for 2.7% of its life.
#Bitcoin contrasts with all other top 10 coins, having been above the current price for only 12 days in its entire life https://t.co/shkg2L3Snk — Cointelegraph (@Cointelegraph) November 13, 2020
The majority of altcoins are yet to enter proportionally rare price ranges, as Ether’s (ETH) current price of $464 has been exceeded 201 days in the past by representing more than 10% of the entire 1,933 days since the Ethereum network went LIVE.
Likewise, XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), Polkadot (DOT), and Cardano’s ADA prices all vary between 9.7% and above 30%. BCH exceeds all other coins sitting above the current price of $258 for at least one-third of its life.
It has been analyzed that Bitcoin’s strong rise past $16,000 has also seen record volumes recently. With more than $5.5 billion in Bitcoin trading volume recorded on November 5, only nine days have seen a stronger volume in Bitcoin’s history. Compared to this day in previous years, investors have seen profits of 88%, 2,275%, 4,326%, and a staggering 5,833,991% for the years of 2019, 2016, 2013, and 2010.
Thus, in other words, investing $1 into Bitcoin on November 13, 2010, would have increased to $58,339 now.
Source: Cointelegraph