The all-time high value of the most popular cryptocurrencies to date

Foto del autor


Key Facts: Bitcoin and ether are more stable compared to newer currencies due to their wide adoption. Ripple and cardano are other cryptocurrencies that currently show great stability. When investing in cryptocurrencies, one of the most important factors that investors take into account is short-term stability. And all cryptocurrencies are known for their volatility, which means that their prices/values ​​can fluctuate significantly in short periods of time. However, some of them have proven to be good cryptocurrencies to invest in the short term. No cryptocurrency is exempt from this volatility, but some of them are more profitable and stable than others. For example, bitcoin and ethereum, the two largest cryptocurrencies by market capitalization can be considered relatively stable compared to newer currencies. This is mainly due to its wide adoption. Others like ripple, cardano and dogecoin tend to be more volatile due to various factors.

Bitcoin and ethereum, the most popular cryptocurrencies

Bitcoin was the first known cryptocurrency and, today, it remains the most popular of all. Since its creation in 2009, it has experienced numerous ups and downs, reaching its maximum historical value very recently, exceeding the threshold of $70,000 for the first time. In April 2021 it exceeded $60,000 per coin. However, despite its stability, bitcoin has also suffered resounding price drops of up to 80% in some cases. The second most popular and largest cryptocurrency by market capitalization is ethereum, which has demonstrated a similar trend to bitcoin in terms of price rises and falls. This cryptocurrency reached its all-time high value in May 2021, when it exceeded $4,000 per coin. However, over the years, it has experienced many significant fluctuations. Even so, both bitcoin and ethereum are known to be the most stable cryptocurrencies that exist. This is because they have a strong and diversified user base, as they are often used in smart contracts and as a store of value. On the other hand, they dominate the crypto space, and this makes them less susceptible to changes.

Ripple and cardano, more stable today

Ripple is a cryptocurrency known for facilitating cross-border payments and has also seen various ups and downs over the years. According to Bitfinex, its all-time high value was recorded in January 2018, when it exceeded $3.30 per coin. Since then, Ripple has suffered unexpected changes, although lately we can say that it is one of the most stable cryptocurrencies that can be found on the market. Cardano is a cryptocurrency that has enjoyed very high peaks of rise, but today has lost a lot of value. It reached its all-time high value in August 2021 when it reached $3.10 per coin, but later its fall was impressive and it remained at only $0.22. Since then, it has not fully recovered and remains more stable at $0.72.

The content and links provided in this article are for informational purposes only. BitcoinDynamic does not offer legal, financial or investment recommendations or advice, nor does it replace the due diligence of each interested party. BitcoinDynamic does not endorse any investment or similar offers promoted here. For more information visit our Disclaimer.