An all-time low (ATL) refers to the lowest price a cryptocurrency has hit during its trading history.
Most commonly, analysts look at the lowest valuation a cryptocurrency has reached after a daily close. For bootstrapped coins, this would start from their first day of trading, while pre-mined coins can also trade below their public launch price. Analysts also look at lows during specific time periods, which are not all-time lows in the strict sense.
For example, an all-time low can also be caused by factors that are not within the control of the coin, such as the macroeconomic situation or industry turmoil. Investors looking to purchase coins around their all-time lows need to carefully analyze whether the project is still developing or whether the all-time low is caused by token holders permanently abandoning the project. Still, generally, an all-time low signals that a cryptocurrency is in serious distress and will more likely than not continue to decrease in value.
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