加密貨幣的歷史低（ATL）

加密貨幣的歷史最低點是自代幣公開交易以來的最低價格。它通常稱為ATL，是多個交易策略的重要參考點。

An all-time low (ATL) in crypto refers to a token’s lowest price since it began trading publicly. Commonly known as ATL, it is an essential point of reference for multiple trading strategies.

加密貨幣的歷史最低點（ATL）是指自從開始公開交易以來的最低價格。它通常稱為ATL，是多個交易策略的重要參考點。

Value investors often use it to assess a token’s current price, fundamentals, and ATL to find possible dip buying opportunities. In contrast, short sellers monitor cryptocurrencies that could break below ATL prices to profit from potential crashes and continued downtrends.

價值投資者經常使用它來評估令牌當前的價格，基本面和ATL，以找到可能的下跌購買機會。相比之下，賣空者監視了可能從ATL價格中斷出來的加密貨幣，從潛在的撞車事故和持續下降趨勢中獲利。

Understanding crypto’s all-time lows can help traders better manage investment risks, get a bigger picture of a token’s current performance, and identify whether a project is undervalued.

了解加密貨幣的歷史低點可以幫助交易者更好地管理投資風險，對代幣當前的績效進行更大的了解，並確定項目是否被低估。

Key Takeaways: All-Time Low (ATL) in Crypto

關鍵要點：加密貨幣的歷史低（ATL）

What Does All-Time Low Mean in Crypto?

在加密貨幣中，歷史最低水平意味著什麼？

An all-time low, or ATL, in crypto marks the lowest price a digital asset has ever traded at. While often associated with recessions and crashes, a crypto ATL is a historical performance indicator best understood in the context of other cryptocurrency market factors.

Crypto的歷史最低水平或ATL標誌著數字資產有史以來最低的價格。雖然經常與衰退和崩潰有關，但加密ATL是在其他加密貨幣市場因素的背景下最能理解的歷史性能指標。

For instance, the Pure proof-of-stake ($PPoS) crypto Algorand ($ALGO) reached an ATL price of $0.08751 per token in 2023 following the latest crypto bear cycle and other events. However, the token’s price has since bounced back by over 100% and remains a mid-tier altcoin in the crypto space.

例如，在最新的加密熊週期和其他事件之後，2023年的純股票證明（$ ppo）Algorand（$ algo）在2023年的ATL價格為0.08751美元。但是，令牌的價格從那以後彈回了100％以上，並且在加密貨幣領域仍然是中級山寨幣。

For other markets, the all-time low definition is the same as the record low, which refers to the price floor in securities, commodities, and indexes.

對於其他市場，歷史最低的定義與記錄低的定義相同，這是指證券，商品和指數的價格平台。

All-Time Low vs. All-Time High in Crypto

有史以來的低點與加密貨幣的歷史高

The all-time low (ATL) and all-time high (ATH) are two key metrics used to track the historical price data of cryptocurrencies. ATL represents a token’s lowest price point in its entire existence on the open market, while ATH refers to the highest recorded value. These terms help investors understand the range within which a token has traded over time.

歷史最低（ATL）和歷史高（ATH）是兩個關鍵指標，用於跟踪加密貨幣的歷史價格數據。 ATL代表著令牌在公開市場上的整個存在中的最低價格，而ATH是指最高的價值。這些條款有助於投資者了解代幣隨著時間的推移而交易的範圍。

ATHs are often sensationalized during bull markets, filling news headlines and increasing positive sentiment for the broader cryptocurrency market. Meanwhile, ATLs may indicate panic and loss of investor confidence. Opportunities arise when cryptocurrencies approach all-time highs and lows, making investors need to understand how to compare the two.

ATHS在牛市上經常引起轟動，填補新聞頭條，並增加對更廣泛的加密貨幣市場的積極情緒。同時，ATL可能表明投資者的恐慌和失去投資者的信心。當加密貨幣接近歷史最高和低點時，就會產生機會，這使投資者需要了解如何比較兩者。

Why Is ATL Important in Crypto?

為什麼ATL在加密中很重要？

ATL in crypto isn’t a trivial figure. It reflects investor behavior, market cycles, and broader market sentiment. Let’s discuss why ATL is an essential term for digital asset investing.

加密中的ATL並不是一個微不足道的數字。它反映了投資者的行為，市場週期和更廣泛的市場情緒。讓我們討論為什麼ATL是數字資產投資的重要術語。

Cost-Effective Entry Points

具有成本效益的入口點

Patient investors who understand a token’s fundamentals will find buying opportunities as its price bottoms out. To them, all-time lows mark a period when specific tokens are believed to be priced well below their actual value, with the expectation of future growth.

了解代幣基本面的患者投資者會發現購買機會隨著其價格最低點。對他們來說，歷史最低點標誌著特定令牌被認為遠低於其實際價值的時期，並期望未來增長。

Other investors want cheap cryptocurrencies to buy, caring little about how fast or far their token investments would grow. However, they are excited that some previously expensive cryptocurrencies are now priced low enough for them to grab.

其他投資者希望廉價的加密貨幣購買，幾乎不關心其代幣投資的增長速度或遠。但是，他們很興奮的是，現在一些以前昂貴的加密貨幣的價格低廉，足以讓他們抓住。

Bottoming of a Bear Cycle

熊週期的底部

ATLs often appear during the final phases of a bear market, when fear and investor uncertainty peak. At one point, buyers will prevent tokens from falling below all-time lows, which could mark the beginning of a significant market recovery.

當恐懼和投資者的不確定性達到頂峰時，ATL通常出現在熊市的最後階段。在某一時刻，買家將防止代幣低於歷史最低低點，這可能標誌著大量市場回收的開始。

For example, Cardano ($ADA) hit its ATL at $0.01735 in March 2020. After that, it surged to an ATH of $3.09 in September 2021, marking a 17,700% return. Although Cardano has since returned to a penny crypto, those who invested at its all-time low price without selling still have over 3,000% gains as of this writing.

例如，Cardano（$ ADA）在2020年3月的ATL上以0.01735美元的價格達到了0.01735美元。此後，它飆升至2021年9月的ATH $ 3.09，標誌著17,700％的回報。儘管Cardano此後回到了一分錢的加密貨幣，但截至撰寫本文時，那些以其有史以來低價投資的人在沒有出售的情況下仍獲得超過3,000％的收益。

Possible Shifts in Investor Sentiment

投資者情緒的可能轉變

A sudden trading volume spike near ATL can indicate signs of shifting investor sentiment. Increases in activity at historically low prices often suggest that buyers and value investors are stepping in, either in anticipation of a reversal or because they believe the cryptocurrency will experience significant growth.

ATL附近的突然交易量飆升可能表明轉移投資者情緒的跡象。在歷史上低價上的活動的增加通常表明買方和價值投資者正在介入逆轉，或者因為他們認為加密貨幣將經歷顯著增長。

If many individuals attempt this strategy of investing near or at all-time lows, the result could be significant price rebound. Oftentimes, this happens over a period after a cryptocurrency hits its ATL. As more individual traders enter the market, momentum can build, leading to a gradual price uptick.

如果許多人嘗試這種策略在附近或有史以來低點進行投資，則結果可能是重大的反彈。通常，這發生在加密貨幣撞擊其ATL之後的一段時間內。隨著越來越多的個人交易者進入市場，動量可以建立，從而逐漸上漲。

How Does the Market Affect ATL?

市場如何影響ATL？

All-time lows in crypto are often the result of larger market forces pulling down even the most established tokens. When the overall mood in crypto turns bearish, traders become more risk-averse and withdraw their positions. Understanding what drives these price spirals can help traders spot whether an ATL is a temporary dip or a sign of a long-term fall.

加密貨幣中的歷史最低水平通常是較大的市場力量甚至最成熟的令牌。當加密貨幣的整體情緒變成看跌時，交易者變得更加厭惡風險並撤回其頭寸。了解驅動這些價格螺旋的是什麼可以幫助交易者發現ATL是臨時下降還是長期下降的跡象。

Here are a few common market factors that lead to new ATL levels:

以下是一些導致新ATL水平的常見市場因素：

When multiple market events and factors stack up, they can create the perfect storm for new crypto ATLs. Tracking these trends as they happen can

當多個市場事件和因素堆積時，它們可以為新的加密ATL創造完美的風暴。跟踪這些趨勢隨著它們的發生可以