BNB Was the Best Market Player in the Top Ten in Q2, Bitcoin Takes Second Place - Solana Made the Worst Cryptocurrency

BNB Was the Best Market Player in the Top Ten in Q2, Bitcoin Takes Second Place – Solana Made the Worst Cryptocurrency

With the first half of the year over, statistics for the second quarter of 2022 indicate that the value of the crypto economy has fallen significantly, and crypto tokens in the top ten market positions have lost 30% to 60% in USD value over the last three months. Q2 data further shows that binance coin managed to avoid losses suffered by its competitors, and solana was the worst market performer among the top ten crypto assets by market capitalization.

Top Ten Crypto Assets Have Suffered Significant Losses in the Last Quarter

It’s been a crazy second quarter, to say the least, as many crypto assets within the digital currency economy are at much lower values ​​than they were three months ago. During the second quarter of 2022, bitcoin (BTC) for example, lost 42.92% of its value against the US dollar.

The stats also show that Ethereum (ETH), the second-largest crypto asset by market capitalization, has lost 47.24% over the past three months. While much of the losses in the crypto economy came from the two crypto assets mentioned above, a wide variety of top-ranking digital currencies lost tremendous value.

BNB was the best performer in the Top Ten market in the second quarter, Bitcoin takes second place - Solana performed the worst
BNB was the best performing crypto asset in the top ten in the second quarter of 2022, as it only suffered a loss of 33.67%, while the second best performer, bitcoin (BTC), lost 42, 92% of its value against the US dollar.

Binance Smart Chain Network’s BNB, however, was down only 33.67% in Q2, making the best performing BNB in ​​Q2 among the top ten crypto assets. BTC’s 42% drop was the second-best performance in the top-ten market, while cardano (ADA) managed to capture the third-best performance in the top-ten market in the second quarter.

BNB was the best performer in the Top Ten market in the second quarter, Bitcoin takes second place - Solana performed the worst
Solana (SOL) was the worst performing crypto asset in the top ten, with the cryptocurrency losing 59.19% in the past three months.

ADA has lost 45.49% in value against the US dollar in three months. XRP lost 48.99% in the second quarter, while dogecoin (DOGE) lost 48.51%. Solana (SOL) was the market’s worst performer in the top ten as it lost 59.19% in the second quarter of 2022.

Dozens of Relatively Unknown Tokens Rise, Wiped $930 Billion From Crypto Economy in Q2

Most of the top performing crypto assets in Q2 that did not make the top ten positions were relatively unknown digital currencies. The largest gains recorded in the second quarter were captured by tokens like smartofgiving (AOG), followed by pitbull (PIT) and bosagora (BOA). Q2 underperformers include bluesparrow, piedao, terra luna classic, and wrap terra luna classic.

Hundreds of coins across 13,414 crypto assets traded on 514 exchanges globally lost more than 90% of their value in the second quarter. In contrast, there are only a few dozen crypto assets that performed well compared to the hundreds of coins that lost value during the second quarter. In the past three months alone, US$930 billion worth has left the crypto economy.

Keywords in this story

$930 billion erased, 2022, ada, AOG, top performer, bnb, BTC, crypto-assets, crypto-economy, Crypto Economy in Q2, crypto-economy losses, Doge, ETH, Gains, Losses, piedao, PIT , Q2, Q2 2022, SOL , Top 10, Top Ten, Top Ten Cryptos, worst performer, XRP

What do you think of the performance of the crypto market in the second quarter? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News about disruptive protocols emerging today.




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