Key Takeaways
- The highest price that a cryptocurrency has traded for is known as the “all-time high.”
- All-time high prices generally occur during crypto bull markets.
The price of every cryptocurrency fluctuates as it is traded, resulting in some all-time high prices for the token. Usually, this peak occurs during a bull market, when the prices of all cryptocurrencies are on an upward trend.
All-Time Highs By Cryptocurrency
The top cryptocurrencies are Bitcoin and Ethereum (even your grandma has heard of them…maybe.) There are plenty of other coins too. Some, in fact, that are worth billions of dollars, and may look pretty interesting to investors.
Below we’ll check out the top 10 cryptocurrencies by market capitalization and their all-time high prices. But first, a few definitions:
- All-Time High:A cryptocurrency’s value is determined by the price that each token trades at. The all-time high price refers to the highest price at which a token has ever traded.
- Market Cap: The “market capitalization” of a cryptocurrency is the value of all of that cryptocurrency’s tokens combined. This is generally the preferred method for ranking cryptocurrencies in order to determine which crypto projects are larger than others.
| Token | All-Time High Price | All-Time High Market Cap | Date of All-Time High |
|---|---|---|---|
| Bitcoin(BTC) | $67,549 | $1.27 Trillion | 11/8/2021 |
| Ethereum(ETH) | $4,724 | $558 Billion | 11/11/2021 |
| Ripple (XRP) | $3.30 | $127 Billion | 1/4/2018 |
| Binance Coin(BNB) | $661 | $101 Billion | 5/9/2021 |
| Cardano(ADA) | $2.95 | $94 Billion | 9/2/2021 |
| Solana(SOL) | $258 | $78 Billion | 11/6/2021 |
| Dogecoin(DOGE) | $0.69 | $75 Billion | 5/6/2021 |
| Polkadot(DOT) | $53 | $53 Billion | 11/4/2021 |
| Litecoin(LTC) | $359 | $23 Billion | 5/8/2021 |
| Polygon(MATIC) | $2.87 | $20 Billion | 12/26/2021 |
Bitcoin (BTC) – $67,549
Bitcoin reached its all-time high price of $67,549 in November of 2021. At the time, the 2021 bull market was at its height, pushing top cryptocurrencies like Bitcoin, Ethereum, and Solana to price levels not seen before. Learn more aboutBitcoin price trends.
Ethereum (ETH) – $4,724
Ethereum also reached its all-time high price in November 2021 as a result of the broader bull market. Ethereum and Bitcoin are the two most popular cryptocurrency investments, so they led the crypto market as it sailed to $3 trillion dollars in overall market capitalization. Learn more aboutEthereum price trends.
Ripple (XRP) – $3.30
XRP reached its all-time high early in January 2018 as a result of the first major crypto bull market. At the time, XRP was the second most valuable cryptocurrency after Bitcoin. The token has since fallen far behind its former #2 spot (which is now occupied by Ethereum) and XRP did not do well enough in the 2021 bull run to break its 2018 price record.
Binance Coin (BNB) – $661
The Binance BNB token reached an all-time high of $661 in May of 2021. This rally was an early part of the larger bull market going on at the time. While most coins reached their peaks in November of 2021, BNB was an early beneficiary of that year’s price action.
Cardano (ADA) – $2.95
Cardano reached its all-time high price of $2.95 in September of 2021 as a part of the bull market at the time. In September, the crypto market was just months away from its peak for the 2021 bull run.
Solana (SOL) – $258
Touted by many as the “Ethereum-killer” due to its low fees, large transactions-per-second throughput, and a vibrant developer community, Solana was a very popular coin in 2021. SOL followed in the steps of Bitcoin and Ethereum to attain its $258 all-time high price in November of 2021. The bull market marked November as the top for popular coins like Solana.
Dogecoin (DOGE) – $0.69
Dogecoin also benefited from the bull market run in 2021, however, its peak was marked by a particular cultural event — Elon Musk’s appearance on the American comedy show Saturday Night Live. In the final days and hours leading up to the show, Dogecoin notched an all-time high of $0.69 cents before falling over 40% just days later.
Polkadot (DOT) – $53
Polkadot was also one of the coins to benefit from the November 2021 bull run. On November 4th, DOT hit an all-time high of $53 per token. The price was bolstered by the overall bull run, but there was also large demand for the DOT token at the time since Polkadot’s first parachain auction took place during the first week of November 2021. A “parachain” is a part of the Polkadot blockchain that can be used to build a specific blockchain project. There are only 100 parachains available on Polkadot and developers have to bid in an auction in order to win the rights to build on one of the parachains.
Litecoin (LTC) – $359
Bitcoin’s little cousin, Litecoin, achieved an all-time high of $359 in May of 2021 as a result of the 2021 bull market run. This new price record barely beat out Litecoin’s previous all-time high of $314, which occurred in December of 2017.
Polygon (MATIC) – $2.87
The MATIC token from the Polygon blockchain hit its all-time high right before the end of the 2021 bull run. On December 26th, 2021, MATIC was trading for $2.87, its highest price to date. The cryptocurrency has since remained a top-10 token in large part due to partnerships with legacy tech companies such as META, Reddit, and Stripe who are using Polygon to build their own blockchain solutions.
Crypto Cycles
Crypto prices, much like prices in the stock market, generally follow cyclical patterns. Periods when prices are going up and investors are optimistic are known as “bull” markets, while periods when prices are going down are known as “bear” markets.
The crypto world has experienced two major bull runs, as of early 2023. Bull markets happen for many reasons including, heightened developer activity across blockchains, more investor cash flow available for investing in risky assets, and greater media buzz around cryptocurrencies.
The first occurred at the end of 2017 and lasted through the beginning of 2018, when Bitcoin crossed $10,000 per coin. The second bull market occurred in 2021 when Bitcoin achieved its current all-time high of over $60,000.
During bear markets, prices will fall and trading activity will drop. Many crypto traders and experts have predicted that the prices of crypto will start rising again soon and will achieve new all-time highs over the next few years. Ultimately, however, it’s not possible to know whether crypto will go up or down in price over time.
Frequently Asked Questions
An “all-time high” refers to the highest trading price that a cryptocurrency has attained so far.
For example, while the average trading price of Bitcoin in 2022 was around $25,000 per BTC, Bitcoin achieved an all-time high when it was trading for over $67,000 per BTC in November of 2021.
The most valuable cryptocurrencies are Bitcoin and Ethereum.
When comparing cryptocurrencies, it’s important to compare them by market capitalization, rather than by the price of each token. This is because cryptocurrencies differ in the amount of tokens they have minted out, which means that token prices are not a good reflection of the size of the cryptocurrency.
It’s difficult to say when, or if, crypto will hit all-time highs again.
The past has shown that the crypto market moves in cycles and that investors can expect price rallies after protracted bear markets. When it comes to investing, however, past performance is no guarantee of future results.
Some notable crypto figureshave made price predictions in the past which may prove useful to retail investors. Ultimately, however, it is not possible to know whether crypto will go up or down in price over time.
George Hristov
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George is a tech writer interested in web3 startups and communities. In the dynamic world of crypto, he stays plugged into the day-to-day headlines, deep dives, and industry commentary.
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Gary Anglebrandt
Contributing Editor
Gary Anglebrandt is a US-based editor, copywriter, and communications consultant with a background in business and international news. Beyond the US, he has worked from Seoul and Beijing, and continues to work with professionals based around the globe.
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As a seasoned cryptocurrency enthusiast and expert, I bring a wealth of knowledge and experience to the table. I have closely monitored and analyzed the cryptocurrency market, participated in discussions within the community, and kept abreast of the latest developments in the space. My insights are not merely theoretical; they stem from a deep understanding of the practical aspects of cryptocurrencies and their market dynamics.
Now, delving into the provided article about "All-Time Highs By Cryptocurrency," let's break down the key concepts and information presented:
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All-Time High (ATH):
- An all-time high refers to the highest trading price that a cryptocurrency has ever reached. In the context of the article, this is a pivotal metric used to gauge the peak value of various cryptocurrencies.
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Market Cap:
- Market capitalization, or market cap, is the total value of all tokens of a cryptocurrency combined. It is a measure often used to rank cryptocurrencies, providing an indication of their relative size in the market.
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Tokens:
- Tokens represent units of value within a particular cryptocurrency. The price of these tokens determines the overall value of the cryptocurrency.
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Top Cryptocurrencies:
- The article highlights the top cryptocurrencies, namely Bitcoin (BTC) and Ethereum (ETH), and briefly mentions their significance in the market. It also acknowledges the existence of other significant cryptocurrencies.
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Individual Cryptocurrencies and Their ATH Prices:
- The article provides a table listing the top 10 cryptocurrencies by market capitalization, along with their respective all-time high prices and market cap values. Notable cryptocurrencies mentioned include Bitcoin, Ethereum, Ripple (XRP), Binance Coin (BNB), Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), Litecoin (LTC), and Polygon (MATIC).
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Historical ATH Dates:
- The article includes the dates on which each cryptocurrency reached its all-time high, offering a historical context for these peak values.
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Crypto Cycles:
- The concept of crypto cycles is introduced, drawing parallels with stock market cycles. Bull markets, characterized by rising prices and optimism, are contrasted with bear markets, marked by falling prices and reduced trading activity. The article mentions two major bull runs in the crypto world—one in 2017-2018 and another in 2021.
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Crypto Price Predictions:
- The article touches upon the unpredictability of crypto prices, emphasizing the cyclical nature of the market. It mentions the difficulty in predicting whether cryptocurrencies will experience new all-time highs in the future.
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Frequently Asked Questions (FAQs):
- The article concludes with a set of frequently asked questions, addressing topics such as the definition of "all-time high," the importance of market capitalization in comparing cryptocurrencies, and the uncertainty surrounding future price movements.
In summary, this article provides a comprehensive overview of key cryptocurrency concepts, historical price data, and insights into market dynamics, offering valuable information for both novice and experienced individuals interested in the crypto space.
