Bitcoin has a long history of trading at five digits per unit for more than 28% of its existence. In 2021 and 2022, both bitcoin (BTC) and yearn finance (YFI) were the only two tokens with a five-digit valuation. However, at present, only bitcoin remains in this exclusive club. Here’s an overview of the current most expensive crypto assets, focusing on the number of digits they hold two years on.
As of Saturday, June 22, 2024, at 2:30 p.m. EDT, bitcoin (BTC) is trading at $64,261 per coin, maintaining its status as the only cryptocurrency with a five-digit valuation. An analysis by Bitcoin.com News has shown that BTC has spent 28% of its existence in the five-digit range.
In 2021, yearn finance (YFI) reached the five-digit territory, trading at $28,611.73 per coin. By 2022, YFI’s price was $11,455 per coin. However, as of June 22, 2024, YFI has dropped to $5,786 per unit, ranking just above ethereum (ETH), which is priced at $3,499 per coin. YFI and ETH are the leaders in the four-digit category.
Currently, only three cryptocurrencies fall into the four-digit range: YFI, ETH, and Makerdao’s MKR, which is priced at $2,460 per coin. Following MKR is binance coin (BNB) at $586 per unit. The three-digit range includes just five coins: BNB, bitcoin cash (BCH), gnosis (GNO), bittensor (TAO), monero (XMR), and solana (SOL).
Surprisingly, as of 2024, only 14 different crypto assets are priced in the two-digit range. This group comprises AAVE, QNT, LTC, BSV, ORDI, OKB, EGLD, AR, AVAX, ENS, ETC, INJ, LINK, and NEO. Any crypto asset not listed here is priced at $9.99 or less per unit.
Bitcoin’s enduring position above the five-digit mark underscores its dominance in the cryptocurrency market. As other digital currencies navigate fluctuations, their varied price points highlight the market’s constant volatility. The steep prices of cryptocurrencies can create a divide among investors, with some seeing them as premium opportunities, while others seek value in the broader crypto market.
What are your thoughts on the top most expensive crypto coins on the market today? Share your opinions in the comments section below.
