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BNB Is The Best Performer In Q2, And Bitcoin Is In Second Place

As the first half of the year has passed, the 2nd quarter of 2022 statistics indicates that the crypto economy suffered a significant decline in value, and tokens in the top 10 in the market lost between 30% and 60 %, including Bitcoin. Q2 data shows that BNB didn’t lose as much as its competitors, and SOL was the worst performer among the top 10 cryptocurrencies by market capitalization.

Top cryptocurrencies with significant losses last quarter

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.

BTC daily chart. Source: CoinCu

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.

ETH daily chart. Source: CoinCu

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.

BNB daily chart. Source: CoinCu

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.

SOL daily chart. Source: CoinCu

The Crypto economy lost $930 billion in Q2

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.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.