BNB Top 10 Performing Markets in Q2, Bitcoin Takes Second Place – Solana Performs Worst – Market Update Bitcoin News
As the first half of the year has passed, statistics from the second quarter of 2022 show that the cryptocurrency economy has fallen dramatically in value, and that cryptocurrencies in the top ten market have lost 30% to 60% of the value of the US dollar over the course of the year. the past three months. The second quarter data further shows that binance managed to avoid losses incurred by its competitors, and solana was the worst performer in the market among the top ten crypto assets by market capitalization.
The top ten crypto assets suffered huge losses in the last quarter
The second quarter was insane, to say the least, as many crypto assets in the digital currency economy were at significantly lower values than they were three months ago. During the second quarter of 2022, Bitcoin (BTC), for example, shed 42.92% of its value against the US dollar.
Statistics 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 crypto economy’s losses stemmed from the two cryptocurrencies mentioned above, a variety of top-ranked cryptocurrencies have given up massive value.
However, the BNB of the Binance Smart Chain network declined by only 33.67% in the second quarter, making BNB the best performer of the second quarter among the top ten crypto assets. BTC’s 42% drop was the second best market performer among the top ten, while Cardano (ADA) managed to claim the third best market performer in the second quarter.
The ADA 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 worst performing top ten market losing 59.19% during the second quarter of 2022.
Dozens of Relatively Unknown Tokens Rise, $930 Billion Cleared from Crypto Economy in Q2
Most of the top performing crypto assets in the second quarter of the year, which are not in the top ten, were relatively unknown cryptocurrencies. The largest gains recorded in the second quarter were recorded by tokens such as smartofgiving (AOG), followed by Pitbull (PIT), and bosagora (BOA). Among the worst performers in the second quarter are Bluesbarro, Baido, Terra Luna Classic and Terra Luna Classic.
Hundreds of out of the 13,414 crypto-assets traded on 514 exchanges around the world lost more than 90% of their value in the second quarter. In contrast, there are only a few dozen crypto assets that have done well compared to the hundreds of coins that lost value during the second quarter. In the past three months alone, $930 billion has left the cryptocurrency economy.
What do you think of the performance of the cryptocurrency market in the second quarter? Tell us what you think about it in the comments section below.
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