The moment everyone is ecstatic about their profits. When your favorite crypto coin does the unexpected. It is the moment of a new All-Time High (ATH).
What is an ATH?
ATH stands for the All-Time High of a coin or token in the crypto market. It is reached when a cryptocurrency surpasses its previous peak price, finding new support at a higher level.
When do we experience an ATH?
The crypto market is unpredictable in nature. Truth is, there are no given timeframes or statistics that guarantee a coin will make a drastic upwards move to break through its old top price. What we do know from history is that, for an All-Time High to be reached, an overall positive sentiment needs to be present in the cryptocurrency market.
What else is there to know about ATH?
It is important to remember that the cryptocurrency market goes through cycles. We have bull markets and bear markets, both of which play an important role in a coin’s growth. For an All-Time High to be reached, a coin should find itself in a bull market, to ensure that the demand is high enough to keep its price going upwards.