Bitcoin benchmark: Only eight digital asset tokens hit ATHs in BTC post-FTX collapse


Quick
Take

Since
the
collapse
of
FTX
in
November
2022,
only
eight
digital
asset
tokens
have
broken
their
previous
all-time
highs
(ATH)
against
Bitcoin
(BTC).
This
data,
shared
by
the
anonymous
X
profile

Huma
Capital,
highlights
a
significant
trend
in
the
digital
asset
market.

Huma
capital
data
shows
that
the
first
of
these
tokens
to
achieve
this
milestone
post-FTX
collapse
was
BNB,
the
fourth-largest
digital
asset
by

How To Get Free Crypto  

market
cap,
reaching
an
ATH
of
0.0197
on
November
7,
2022.
A
week
later,
Trust
Wallet
Token
(TWT)
also
broke
its
ATH.
These
were
the
only
tokens
to
accomplish
this
in
2022.
In
2023,
AGIX
and
SSV
were
the
next
ones
to
breach
their
ATHs
in
BTC
terms
in
February,
followed
by
ASTR,
INJ,
and
TRB
in
December.
Render
Token
(RNDR)
is
the
sole
token
to
have
broken
its
ATH
in
2024,
achieving
this
feat
in
March,
coinciding
with

Bitcoin
hitting
its
own
ATH.

This
trend
suggests
that
BTC
should
be
the
benchmark
for
evaluating
the
performance
of
other
digital
assets
rather
than
fiat
currencies,
which
are
subject
to
a
minimum
of
2%
inflation.
A
noteworthy
achievement
for
these
tokens
would
be
to
surpass
their
ATHs
in
BTC
terms
once
more,
indicating
a
consistent
upward
trend.

The

Ethereum
to
Bitcoin
ratio,
a
closely
watched
metric,
had
its
ATH
at
0.08825
in
December
2021
and
is
currently
trading
at
0.05515.
With
the

approval
of
an
Ethereum
ETF,
many
speculate
that
Ethereum
could
be
the
next
token
to
reclaim
its
ATH
against
Bitcoin.

Coinbase Banner  

Crypto
Tokens
ATH
Since
the
Fall
of
FTX

Pair ATH Date
(Week)
RNDR/BTC 0.0002042 2024-03-11
TRB/BTC 0.0147166 2023-12-25
INJ/BTC 0.0010289 2023-12-18
ASTR/BTC 7e-06 2023-12-18
SSV/BTC 0.0021381 2023-02-27
AGIX/BTC 2.886e-05 2023-02-06
TWT/BTC 0.00016593 2022-11-14
BNB/BTC 0.0197 2022-11-07

Source:
HumaCapital

Go to Source
Author: James Van Straten


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

You May Also Like

More From Author

This site uses Akismet to reduce spam. Learn how your comment data is processed.