I remember when I first got to know about the crypto market and the benefits of investing into it , I was usually checking the previous ATH of that particular coin I want to buy then I will now invest on the coin with the strong hope that the price of the coin will touch that ATH again and that I will make massive profits...But in many situations the price do not touch that ATH and sometimes the coin even experiences a bearish move...
My point is that we should not use the ATH of a coin as the major factor to determine if we should invest on the coin or we should not use it as the major factor to determine if that moment is the right time to invest on the coin or not..
We should engage in effective technical and fundamental analysis of a coin before we buy it , and we should not put too much concentration on its ATH...ATH can sometimes be misleading..