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In the first half of 2024, only 3 major cryptocurrencies — BTC, BNB, and TON — reached new historical price highs. According to CoinMarketCap, the value of the market flagship has risen to $ 73,750. However, the asset is currently trading at $ 66,242.
Despite the popularity of the asset, Ethereum’s value has fallen by 28.3% from its all-time high of $ 4891 reached on November 16, 2021. BNB(Binance Coin) showed relative stability and reached a new high of $ 720 on June 6, 2024. The price later dropped 15.6% below the record.
Solana (SOL) has fallen in value by 41.6% from its high of $ 260 on November 7, 2021. The XRP (Ripple) token showed the largest decline among the leading cryptocurrencies. The asset fell by 87.3% from its record of $ 3.84 set on January 4, 2018.
Dogecoin (DOGE) has fallen by 80.5% from its high of $ 0.73 on May 8, 2021. TON (The Open Network) hit a new high of $ 7.78 less than two weeks ago on June 5, 2024. This figure was 1.47% higher than the previous record.
The Cardano cryptocurrency (ADA) also showed a significant decline. Its price fell, losing 86% of its record high of $ 3.1 reached on September 2, 2021. The Shiba Inu (SHIB) memo token lost 75.5% of its value. The virtual currency’s quotes have fallen from the high set on October 28, 2021.