Understanding Cycle Position (time since the all-time high)
How long a coin has been away from its peak — a different question from how far below it the price sits.
What is Cycle Position?
We measure the number of days since the coin last set an all-time high. Nothing more. A coin that peaked last week and one that peaked in 2021 can both be 70% below their high, but they are not in the same place: the first is in a correction, the second has lived through a full bear phase.
Why It Matters
Depth and duration are independent, and using only depth is how buyers end up early. Our MVRV proxy already reads how far below the high the price is; this reads how long it has stayed there. Together they distinguish a fresh drawdown from a completed one. The measurement is available for every coin we track and costs nothing extra — the date already arrives with the hourly price data.
How We Use It
Cycle Position carries 6% of the Value Score. The scale rises through the first years away from the high, because that is historically where accumulation happens, and then deliberately falls back: past roughly four years without a new high, a coin is more often a project that never recovered than a patient one. Rewarding age without limit would score dead tokens highest, which is the opposite of the intent. Across our catalogue the median coin last peaked about 420 days ago.
1–4 years since ATH
Through the bear phase, not abandoned
Less than 30 days
At or just off the peak
Current Top 5 Coins by Cycle Position (time since ATH)
How our algorithm currently scores the leading crypto assets on the "Cycle Position (time since ATH)" component. Higher = stronger undervaluation signal on this single dimension.
Worked Example
Gram (prev. Toncoin) (GRAM) leads with a Cycle Position (time since ATH) value of 80/100. On this single dimension, Gram (prev. Toncoin) currently shows a clear undervaluation signal. Click Gram (prev. Toncoin) above to see the full score breakdown across all 10 metrics.