加密货币的历史低（ATL）

加密货币的历史最低点是自代币公开交易以来的最低价格。它通常称为ATL，是多个交易策略的重要参考点。

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.

加密货币的历史最低点（ATL）是指自从开始公开交易以来的最低价格。它通常称为ATL，是多个交易策略的重要参考点。

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.

价值投资者经常使用它来评估令牌当前的价格，基本面和ATL，以找到可能的下跌购买机会。相比之下，卖空者监视了可能从ATL价格中断出来的加密货币，从潜在的撞车事故和持续下降趋势中获利。

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.

了解加密货币的历史低点可以帮助交易者更好地管理投资风险，对代币当前的绩效进行更大的了解，并确定项目是否被低估。

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

关键要点：加密货币的历史低（ATL）

What Does All-Time Low Mean in Crypto?

在加密货币中，历史最低水平意味着什么？

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的历史最低水平或ATL标志着数字资产有史以来最低的价格。虽然经常与衰退和崩溃有关，但加密ATL是在其他加密货币市场因素的背景下最能理解的历史性能指标。

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，在最新的加密熊周期和其他事件之后，2023年的纯股票证明（$ ppo）Algorand（$ algo）在2023年的ATL价格为0.08751美元。但是，令牌的价格从那以后弹回了100％以上，并且在加密货币领域仍然是中级山寨币。

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.

对于其他市场，历史最低的定义与记录低的定义相同，这是指证券，商品和指数的价格平台。

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

有史以来的低点与加密货币的历史高

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.

历史最低（ATL）和历史高（ATH）是两个关键指标，用于跟踪加密货币的历史价格数据。 ATL代表着令牌在公开市场上的整个存在中的最低价格，而ATH是指最高的价值。这些条款有助于投资者了解代币随着时间的推移而交易的范围。

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在牛市上经常引起轰动，填补新闻头条，并增加对更广泛的加密货币市场的积极情绪。同时，ATL可能表明投资者的恐慌和失去投资者的信心。当加密货币接近历史最高和低点时，就会产生机会，这使投资者需要了解如何比较两者。

Why Is ATL Important in Crypto?

为什么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并不是一个微不足道的数字。它反映了投资者的行为，市场周期和更广泛的市场情绪。让我们讨论为什么ATL是数字资产投资的重要术语。

Cost-Effective Entry Points

具有成本效益的入口点

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.

了解代币基本面的患者投资者会发现购买机会随着其价格最低点。对他们来说，历史最低点标志着特定令牌被认为远低于其实际价值的时期，并期望未来增长。

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.

其他投资者希望廉价的加密货币购买，几乎不关心其代币投资的增长速度或远。但是，他们很兴奋的是，现在一些以前昂贵的加密货币的价格低廉，足以让他们抓住。

Bottoming of a Bear Cycle

熊周期的底部

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.

当恐惧和投资者的不确定性达到顶峰时，ATL通常出现在熊市的最后阶段。在某一时刻，买家将防止代币低于历史最低低点，这可能标志着大量市场回收的开始。

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美元的价格达到了0.01735美元。此后，它飙升至2021年9月的ATH $ 3.09，标志着17,700％的回报。尽管Cardano此后回到了一分钱的加密货币，但截至撰写本文时，那些以其有史以来低价投资的人在没有出售的情况下仍获得超过3,000％的收益。

Possible Shifts in Investor Sentiment

投资者情绪的可能转变

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附近的突然交易量飙升可能表明转移投资者情绪的迹象。在历史上低价上的活动的增加通常表明买方和价值投资者正在介入逆转，或者因为他们认为加密货币将经历显着增长。

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.

如果许多人尝试这种策略在附近或有史以来低点进行投资，则结果可能是重大的反弹。通常，这发生在加密货币撞击其ATL之后的一段时间内。随着越来越多的个人交易者进入市场，动量可以建立，从而逐渐上涨。

How Does the Market Affect ATL?

市场如何影响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.

加密货币中的历史最低水平通常是较大的市场力量甚至最成熟的令牌。当加密货币的整体情绪变成看跌时，交易者变得更加厌恶风险并撤回其头寸。了解驱动这些价格螺旋的是什么可以帮助交易者发现ATL是临时下降还是长期下降的迹象。

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

以下是一些导致新ATL水平的常见市场因素：

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

当多个市场事件和因素堆积时，它们可以为新的加密ATL创造完美的风暴。跟踪这些趋势随着它们的发生可以