Data provided by the Phoenix Group reveals the list of top cryptocurrencies which have recently reached new all-time highs (ATHs). The update consists of a mix of established and rising resources, mirroring modern changes in the market and boosted trade within a wide variety of crypto categories. Such crypto assets include $SAROS, $SPX, $BTC, $EPIC, and $HYPE, along with a few others.
Top Cryptos Retrace After Hitting New ATHs
The list consists of twelve tokens that have seen recent ATHs with different levels of correction upwards. The most capitalized cryptocurrency, Bitcoin ($BTC), surged to an ATH of $122,886, only to go back to $118,144, thus declining by 3.9%. Another major token, $SPX, has seen its price rise to a high of $1.94 and recently traded at $1.90, a 2.3% decline.
There were also quite a few other tokens that showed considerable corrections of their ATHs. $EPIC rose to its peak of $2.67 and is now selling at $2.47, indicating a fall of 7.5%. $HYPE achieved a high of $49.77 and is now worth $45.87, a reduction of 7.8%. $SAROS reached an ATH of $0.287 but slightly pulled back to $0.281, a 2.1% decline.
Tokens like $TAG, $MORE, $CROSS, and $MGO have retraced further, with the biggest being 26.1%. TAG decreased by $0.00063 to $0.00057, whereas $MORE declined $0.087 to $0.070. $CROSS fell to $0.34 against $0.43, and $MGO lost $0.032 in value against 0.025. The largest decline on the list of all assets was $HAEDAL, which hit 40.3% against the ATH of $0.30 to $0.17.
Tokens Near ATH Signal Investor Momentum
The new ATHs of a wide range of tokens point to more trading volumes and even to a new wave of investors. Some tokens have continued to hold relatively stable positions near their ATH, while others are showing steeper corrections, which might be indicative of short-term profit taking or market tendencies in general.
The graph posted by Phoenix Group shows the existing price levels compared to the ATH of a given token. This information may be useful to market players who are checking asset performance, risks, and possible entry or exit points.
