In November 2021, the prices of the leading cryptocurrencies reached an absolute maximum, and the capitalization of digital assets approached $ 3 trillion. However, by the first of January 2022, it had dropped to $2.3 trillion, and in the first six months of this year, the volume of digital currencies decreased by another 60% — to $934 billion, according to Coingecko.
The coming “crypto winter” has brought down the price of bitcoin by 70% from the historical maximum. RBC Crypto collected data on what results the leading cryptocurrencies showed in various sectors in the first half of 2022.
Bitcoin (BTC) — $363 billion (capitalization as of June 30), the price decreased by 56%, from $46.3 thousand to $20.1 thousand.
Ethereum (ETH) — $125 billion, the price decreased by 70%, from $3.6 thousand to $1.1 thousand.
Binance Coin (BNB) — $38.8 billion, the price decreased by 57%, from $511 to $219
Ripple (XRP) — $15.6 billion, the price decreased by 60%, from $0.83 to $0.33
Cardano (ADA) — $15.5 billion, the price decreased by 65%, from $1.31 to $0.46
Tokens of leading blockchains
Solana (SOL) — the price decreased by 80%, from $170 to $34
Polkadot (DOT) — the price decreased by 73%, from $26 to $7
Tron (TRX) — the price decreased by 14.7%, from $0.075 to $0.064
Coins of DeFi platforms
Uniswap (UNI) — price decreased by 70.5%, from $17 to $5
Avalanche (AVAX) — price decreased by 84%, from $109 to $17
PanecakeSwap (CAKE) — price decreased by 74%, from $11.8 to $3.05
Native tokens of cryptocurrency exchanges
In addition to the Binance exchange token (BNB), which is one of the five largest cryptocurrencies by capitalization, coins from other platforms also suffered losses in price. The price decline turned out to be a little more modest than in other categories of digital assets:
Huobi (HT) — price decreased by 46%, from $9.37 to $5
FTX Token (FTT) — price decreased by 37%, from $38 to $24
CoinEx (CET) — price decreased by 57%, from $0.07 to $0.03
KuCoin (KSC) — price decreased by 53.5%, from $21.45 to $9.96
Meme cryptocurrencies, virtual universe tokens and NFT showed a significant decrease:
Doge Coin (DOGE) — price decreased by 59% from $0.17 to $0.069
Shiba Inu (SHIB) — price decreased by 70% from $0.000033 to $0.00001
Dogelon Mars (ELON) — price decreased by 81% from $0.0000016 to $0.0000003
The Sandbox (SAND) — price decreased by 82% from $5.88 to $1.06
Decentraland (MANA) — price decreased by 73% from $3.28 to $0.87
Theta Network (THETA) — price decreased by 74% from $4.72 to $1.23
Axie Infinity (AXS) — price decreased by 85%, from $93 to $14
ApeCoin (APE) — the token was released on March 17 and traded at $4.66. By June 30, it fell by 45% to $8.54
Flow (FLOW) — the price decreased by 83%, from $8.89 to $1.57
Some cryptocurrencies linked to the US dollar exchange rate increased their market capitalization in the first half of the year:
the volume of USD Coin (USDC) increased by 32%, from $42.45 billion to $56.1 billion;
the share of Binance USD (BUSD) increased by 21.5%, from $14.64 billion to $17.8 billion
The capitalization of other major stablecoins has decreased:
The capitalization of Tether (USDT) decreased by 15%, from $78.35 billion to $66.3 billion
The Dai token (DAI) lost 31%, from $9.3 billion to $6.4 billion
The most profitable and unprofitable coins
The growth leaders in the last half of the year, according to the Coindex portal, were:
Green Metaverse Token (GMT). The coin of the STEPN WEB 3.0 application running on the Solana network increased by 605.23% to $0.92
BinaryX (BNX). The token of the gaming platform, known for launching the CyberDragon metaverse, increased in price by 141.39% to $118
Chain (XCN). The coin of the platform for the development of financial blockchain products showed an increase of 65.49% to $ 0.08.
The most unprofitable coins, in addition to Terra Classic (LUNC) and TerraClassicUSD (USDTC), which lost 100% and 94.49% in price, respectively, were:
Harmony (ONE). The coin of the blockchain, created to increase scalability, lost 94.10% in price to $0.018
Moonbeam (GLMR). The project token in the PolkaDot network for the development of blockchain applications dropped by 94.05% to 0.63.
LooksRare (LOOKS). The cryptocurrency of the NFT marketplace fell by 92.41% to $0.27.