At the very least, it was a crazy Q2, as many assets in the crypto economy are worth much less than they were three months ago. In the second quarter of 2022, Bitcoin has lost 42.92% in value against the US dollar.
Statistics also show that ETH, the second largest cryptocurrency by market capitalization, has lost 47.24% in the past three months. While most of the loss of the crypto economy stems from the two coins mentioned above, many of the top ones have also fallen.
However, Binance’s BNB is down only 33.67% in Q2 and is the best performing cryptocurrency in the top 10. BTC’s 42% drop is the 2nd best market performer, while ADA manages to hold 3rd place in the top 10 of Q2.
ADA has lost 45.49% of its value in 3 months. XRP lost 48.99%, while DOGE -48.51%. SOL is the worst performing coin in the top 10 as it dropped 59.19% in the second quarter of 2022.
Most Q2 best-performing tokens are not in the top 10 and are relatively ‘unknown’ digital currencies. The biggest gainers in Q2 were Smartofgiving (AOG), Pitbull (PIT), and Bosagora (BOA), respectively.
The worst performing projects in Q2 include Bluesparrow, Piedao, Terra Luna Classic, and Wrapped Terra Luna Classic.
Hundreds of coins out of 13,414 cryptocurrencies traded at 514 exchanges worldwide lost more than 90% of their value in Q2. In contrast, only a few dozen tokens performed well. This economy lost up to $930 billion in just three months.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
This website uses cookies.