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Crypto Metrics (Part 4): Price
Learn about the 11 Price Metrics.
Crypto metrics are essential indicators that help investors & traders understand the performance & potential of blockchain tokens.
The important price metrics are:
Time from ATH
Percentage down from ATH
Time Since Low
Percentage Up Since Low
1. Price USD
Price USD is the crypto's most recent trading price in US Dollars. Ideally, this should be averaged across multiple credible exchanges.
Similarly, there can be Price INR, Price EUR, Price SGD, etc.
2. Price BTC
Price BTC is the current price of a particular cryptocurrency expressed in Bitcoin. Since Bitcoin is the leading cryptocurrency in terms of market cap, other cryptocurrencies are often compared against it to evaluate their value.
This metric allows investors to understand how the specific cryptocurrency is performing in comparison to Bitcoin. Cryptos can also be quoted in sats / satoshis which is 0.00000001 BTC.
3. Open-High-Low-Close (OHLC) Prices
OHLC is a technique used in charting to represent the opening, closing, highest, and lowest prices of a cryptocurrency during a particular time period, such as an hour, a day, or a month.
Here is what each component means:
Open: The price at which the cryptocurrency began the period.
High: The highest price reached during the period.
Low: The lowest price reached during the period.
Close: The price at which the cryptocurrency ended the period.
These metrics give traders a concise view of the price fluctuations within the chosen period.
4. All-Time-High (ATH)
This metric represents the highest price point that a particular cryptocurrency has achieved in its entire trading history.
This is often used to compare the current price with the peak performance of the asset. It can give a perspective on how far the asset's price has corrected from its previous peak.
You should also check out the high prices over the last 24 hours, 7 days, 30 days, 90 days, and 52 weeks.
5. All-Time-Low (ATL)
The all-time low (ATL) is the lowest price point that a cryptocurrency has reached since it started trading. Just like the ATH, it gives an idea of the extreme lows that the asset has seen and how much it has recovered since then.
You should also check out the low prices over the last 24 hours, 7 days, 30 days, 90 days, and 52 weeks.
6. Time from ATH
This metric measures the time that has elapsed since the cryptocurrency last hit its all-time high.
This can provide insight into the length and severity of bear markets and the potential timing for a recovery to new highs.
7. Percentage Down from ATH
This metric is a measure of how far the current price is from its ATH in percentage terms. It can help gauge the severity of a price correction or crash.
Example: Bitcoin's ATH was $69,045 and it's currently trading at $26,278, it is roughly 62% down from its ATH.
8. Breakeven Multiple
The breakeven multiple shows how much the price needs to multiply from its current level to reach its ATH again.
Example: A coin's ATH was $10 and it is currently at $2, the breakeven multiple is 5, meaning the price would need to increase 5 times to reach the ATH.
9. Cycle Low
The cycle low refers to the lowest point that a cryptocurrency reaches in its market cycle. Market cycles are characterized by periods of highs (peaks) and lows (troughs).
Identifying the cycle low can provide potential entry points for long-term investment.
10. Time Since Low
Time Since Low is the measure of the time that has passed since the cryptocurrency last reached its cycle low.
It provides an idea of the length of the ongoing bull market and might hint at the expected time left for growth before the next bear market starts.
11. Percentage Up Since Low
This metric shows how much the price has increased from its cycle low in percentage terms. For instance, if a crypto's cycle low was $30,000 and it's currently trading at $60,000, it's 100% up from its low.
This metric can provide insights into the current stage of the market cycle and the gains that have been achieved from the last bottom.