In a few past months, we saw many coins shown a strong price trend and up to breaking their biggest record of previous years, but there are still some coins that we hoped would break their records too but it has not been so!
We saw some coins falling in price at a very high rate and we thought they would not be able to rise again and reach their normal prices or even higher. But with the increase of traders and investors, the demand for these coins became even greater so from a distance we began to see an increase in the price of some coins up to where we are today! We now see many coins raised at their old prices this year and even some coins reached new prices in their markets, although not all of the major coins managed to recoup their prices!
Today I have decided to do technical analysis in some coins to find out if there is still a chance to make a profit by holding some of them. I have actually found that there are some coins that have broken their previous price record, but I have also discovered that there are so many coins that have not managed to reach even half of their previous price! Take a closer look at this table to see some of the popular coins that managed to set a new price record this year, and those that have not set a new record so far:
| COIN | HIGHEST PRICE | YEAR | LINKS |
|---|---|---|---|
| Bitcoin | $58,640.77 | Feb 21, 2021 | http://bit.ly/3aVnnXf |
| Ethereum | $2,042.93 | Feb 20, 2021 | http://bit.ly/3qU9n5K |
| Ripple | $3.40 | Jan 07, 2018 | http://bit.ly/3usPHbn |
| Litecoin | $360.66 | Dec 18, 2017 | http://bit.ly/3dGSAPM |
| Bitcoin cash | $3,785.82 | Dec 20, 2017 | http://bit.ly/3pUVUt0 |
| Steller | $0.875563 | Jan 03, 2018 | http://bit.ly/3aRXEPh |
| Doge | $0.083947 | Feb 08, 2021 | http://bit.ly/3aVWOB2 |
| EOS | $22.71 | Apr 29, 2018 | http://bit.ly/3sscPF4 |
| Monero | $542.33 | Jan 09, 2018 | http://bit.ly/2MoOK2n |
| Tron | $0.231673 | Jan 05, 2018 | http://bit.ly/3q1h8Wk |
| Tezos | $5.56 | Feb 14, 2021 | http://bit.ly/3pSE3mA |
| Dash | $1,493.59 | Dec 20, 2017 | http://bit.ly/37LbdhO |
| Zcash | $3,191.93 | Oct 29, 2016 | http://bit.ly/3bGANpi |
| Waves | $16.08 | Dec 21, 2017 | http://bit.ly/3srIgiD |
| Digibyte | $0.135235 | Jan 06, 2018 | http://bit.ly/3sskoeJ |
If you trace these coins through CMC or Coingecko you will see some coins have dropped by 95% from its highest price in the last 5 to 4 years, but among those coins including Litecoin, Ripple, and Bitcoincash I see its demand as greater as compared to other coins that have not reached its highest price. So then, I see if investors in these coins increase further, these coins can reach new prices and even go further, although it can be a little more complex for Bitcoincash.
What do you think?
Do you think coins like Litecoin, Ripple, Bitcoincash, Dash and others will succeed in reaching its highest price or even exceeding it?
I ask for your opinions on this matter based on your experience in technical analysis in different currency markets. Thank you!