HomeTodays NewsBitcoin [BTC], Ethereum [ETH], XRP remain far from their all-time highs as Binance Coin [BNB] breaks records
Bitcoin [BTC], Ethereum [ETH], XRP remain far from their all-time highs as Binance Coin [BNB] breaks records
May 28, 2019
The cryptocurrency market’s climb back from the crypto-winter of 2018 has been the highlight of 2019, with Bitcoin [BTC], the world’s largest cryptocurrency, leading the charge. Recent analysis however, showed that most cryptocurrencies were still a long way away from their all-time highs achieved during the fag end of 2017, and the beginning of 2018.
Top currencies like Bitcoin [BTC], Ethereum [ETH] and XRP were all far from their ATH, despite enjoying a remarkable five months this year. Bitcoin, currently trading close to the $8500 mark, was down 56 percent from its all-time high of $19,783. However, most of BTC’s closest competitors had a run that was worse.
Ethereum, the Vitalik Buterin-led cryptocurrency, was a whopping 81 percent below its ATH. At press time, Ethereum was holding a clear lead of more than $10 billion in terms of market cap, over its closest rival, XRP. The world’s second largest cryptocurrency was also in the news recently when China’s CCID report stated that ETH was the third best cryptocurrency in the market right now.
XRP, which has claimed to revolutionize the field of cross-border payments, was in the same boat as that of Ethereum, a distant 89 percent from its own ATH. Currently trading at $0.42, the cryptocurrency has had a decent run over the past few weeks. Ripple’s XRP was also hit when the latest The Tie report claimed that the Changpeng Zhao-led Binance Coin [BNB] was performing better than the trio of XRP, Bitcoin and Ethereum. The Tie had tweeted,
“5/#XRP has fared even worse than Ethereum. Market cap dominance has plunged from highs of 21.3% to 7%, trade dominance is down from highs of 30% to 3.4%, and tweet dominance is down from 22.4% to 6.5%.https://t.co/tavvY3XTaq pic.twitter.com/HG7UIEYUX1”