The crypto industry has experienced a big shake this year as the crypto market became bearish for many months.
With the first half of the year gone, statistics from the second quarter of 2022 indicate that the crypto economy has tumbled significantly in value. Crypto tokens in the top ten market positions have also lost 30% to 60% in USD value during the past three months.
Q2 data further shows that Binance coin managed to avoid the losses its competitors have taken, and Solana was the worst market performer out of the top ten crypto assets by market capitalization.
In this post, we’ll focus on the top ten performers so far in 2022. This will be of help for investors/buyers who wants to diversify their portfolios or beginners looking for the token to invest/trade.
Top 10 Crypto Best Performers 2022
Listed below are the top crypto performers at the end of the first quarter of the year. The crypto tokens are listed in the order of their performance.
1. Binance Coin (BNB)
Binance Coin (BNB) is a token created by Binance, a leading crypto exchange in the world. BNB is the best performer so far in 2022.
A wide variety of top-positioned digital currencies have shed massive value but BNB has stood out. The Binance Smart Chain network’s BNB, however, is only down 33.67% in Q2, which makes BNB the best performer during the second quarter among the top ten crypto assets.
As of writing, BNB is ranked 5th among thousands of crypto assets by CoinMarketCap. It has a live price of $257.05 USD with a 24-hour trading volume of $1,018,045,977 USD.
2. Bitcoin (BTC)
The number and most popular fell short as the best performer in Q2. During the second quarter of 2022, BTC shed 42.92% of its value against the U.S. dollar.
BTC’s 42% plunge was the second best market performance out of the top ten. The Satoshi Nakamoto token has also passed its $20, 000 mark since weeks ago. The live price of Bitcoin is $21,526.77 USD with a 24-hour trading volume of $25,241,243,880 USD.
3. Cardano (ADA)
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism. The platform’s token, ADA is the third best performer in a quarter shadowed by price fall.
ADA lost 45.49% in value against the U.S. dollar in three months. As of writing, the price of ADA is $0.471342 USD with a 24-hour trading volume of $662,495,323 USD. It is ranked 8th among thousands of cryptocurrencies.
4. Ethereum (ETH)
The second-best crypto asset today, Ethereum is two places down in the list of best performer at the end of Q2.
Statistics also show that Ethereum, the second-largest crypto asset by market cap, lost 47.24% over the last three months. It however maintains its second spot in the list of cryptocurrencies. The live Ethereum price today is $1,488.19 USD with a 24-hour trading volume of $16,523,214,486 USD.
5. Dogecoin (DOGE)
Dogecoin remains the number one and best performing meme coins despite the collapse in the industry. DOGE lost 48.51% to claim the fifth spot among the best performers so far.
The live price of DOGE is $0.062929 USD with a 24-hour trading volume of $377,846,899 USD. It is currently ranked tenth among thousands of crypto assets by CoinMarketCap.
6. XRP
XRP ledger is an open-source, permission less and decentralized technology. XRP is listed among the largest crypto assets today.
XRP lost 48.99% in Q2 to take the 6th best performing crypto asset. Today, the price of is $0.338694 USD with a 24-hour trading volume of $971,994,420 USD. XRP is the 7th largest cryptocurrency today according to CoinMarketCap.
7. USDT
The number one stablecoin, Tether (USDT) is among the best performer in Q2. It is also ranked 3rd among all other cryptocurrencies.
The live Tether price today is $1.00 USD with a 24-hour trading volume of $58,799,891,543 USD.
8. USDC
USD coins follows USDT closely as the top-ranked stablecoins i.e. crypto assets that have stable prices. It is also the 4th largest cryptocurrency today.
The live USD Coin price today is $1.00 USD with a 24-hour trading volume of $8,350,282,783 USD. It has a live market cap of $55,119,034,924 USD. It also has a circulating supply of 55,109,450,738 USDC coins.
9. Binance USD (BUSD)
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos). It is the 3rd best stablecoin today.
BUSD is the 6th ranked cryptocurrency today. As of writing, BUSD’s price is $0.999339 USD with a 24-hour trading volume of $7,422,583,203 USD. BUSD has a live market cap of $17,749,652,394 USD. It also has a circulating supply of 17,761,386,343 BUSD coins.
10. Solana (SOL)
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. SOL was the top ten’s worst market performer as it lost 59.19% during 2022’s second quarter.
The live Solana price today is $39.50 USD with a 24-hour trading volume of $1,730,946,611 USD. It is ranked 9th among other cryptos with a live market cap of $13,662,079,118 USD. It also has a circulating supply of 345,896,019 SOL coins.
Other Big Performers in 2022
There were places for were relatively unknown digital currencies among the top-performing crypto assets that are not in the top ten positions in Q2.
The largest gains recorded in Q2 were captured by the tokens like smartofgiving (AOG), followed by pitbull (PIT), and bosagora (BOA). The worst performers in Q2 include bluesparrow, piedao, terra luna classic, and wrapped terra luna classic.
Hundreds of coins out of the 13,414 crypto assets traded on 514 exchanges worldwide have lost more than 90% in value in Q2. Whereas, there are only a few dozen crypto assets that did perform well compared to the hundreds of coins that lost value during the second quarter. During the last three months alone, $930 billion in US value has left the crypto economy.
Conclusion
The crypto industry had it tough in Q2 due to the collapse of Terra Luna among other factors which led to a bearish market. Numerous digital assets were at much lower values than they were three months ago.
Despite this, crypto assets like BNB, BTC, ADA, XRP and a few others were better compared to other assets.
Read Also- Top Altcoins You Can’t Buy in 2022
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