How Far Are The Top 10 Cryptocurrencies From All Time High?

The surge in Bitcoin's price catalyzed a revival across the entire cryptocurrency market: prices for other coins began to ascend, new projects entered the market, and investments in the cryptocurrency sector swelled.

Bitcoin Ethereum

Feb, 23, 2024

< 1 min read

CryptoRank

Among the top 10 coins Bitcoin, Ethereum, and Tron are closest to reaching their previous all-time highs (ATH). These blockchains also demonstrate the most rapid development from a fundamental perspective.

The DeFi ecosystem is burgeoning on Bitcoin, which has also emerged as the leader in terms of NFT trading volume. The Ethereum ecosystem is actively expanding through the implementation of layer 2 solutions and the emergence of new projects and sectors. The Tron ecosystem is gaining momentum, notably in terms of new projects and TVL growth. Dogecoin exhibited the weakest performance among the top 10 coins.

Fundamental projects currently serve as the market's driving force. When memecoins and projects lacking fundamental value begin to narrow the growth gap, it will indicate a transition into a phase of market euphoria.

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