In this article, we’ll present three cryptocurrencies (from the top 50) that are closest to their all-time highs and explore why they’re performing so well. For obvious reasons, stablecoins won’t be included. Although, it’s worth noting that some stablecoins wouldn’t even make it to this list, as they have experienced anomalies in the past causing them to cost more than they were supposed to.
Number 3: Bittensor (down 32% from ATH)
Bittensor is on a mission to revolutionize the development and distribution of artificial intelligence by decentralizing these processes. It offers an open-source protocol where anyone can contribute machine learning models to a vast, collaborative network. This approach accelerates innovation and ensures that advancements are accessible to all.
The TAO token is central to this ecosystem. It incentivizes participation and rewards those who provide computing power and expertise. With a total supply mirroring Bitcoin’s 21 million, TAO introduces scarcity and promotes responsible use of the network.
Ranking as the second-largest AI-focused cryptocurrency by market cap – just behind NEAR Protocol – Bittensor stands out among other AI tokens in the top 100. It has experienced the best yearly performance, surging over 580%, and is one of the closest to its all-time high.
Number 2: SUI (down 28% from ATH)
Launched in May 2023, SUI is still a relatively new player in the crypto world but has quickly climbed to the 31st spot in the market rankings. The SUI network boasts a transaction speed of 297,000 transactions per second, outpacing even Solana and Ethereum. This impressive performance has contributed to its rapid rise in popularity. SUI recorded even more gains after Grayscale announced its Trust Fund. Its innovative and faster blockchain also experienced a high adoption rate, leading to positive price momentum.
The reason it’s so close to its all-time high is because it was set just two weeks ago! SUI reached $2.36 but has been falling since then and is now below $1.70. We’ve analyzed the SUI recent downtrend here.
Number 1: Bitcoin (down 6.5% from ATH)
Yes, the king of cryptocurrencies is the one closest to its all-time high. The biggest cryptocurrency has seen very high dominance in the crypto market, nearing around 59%. It stays strong despite the volatility of other coins. One reason might be the institutional interest provided via ETFs.
That being said, Bitcoin is so big that gaining more requires a great amount of capital. To reach its ATH, its market cap would need to grow around $80 billion – that’s almost the entire market cap of Solana! So while it is the closest to its ATH in percentages, in market cap it still has a lot to gain.
