With the end of the first half of the year, statistics from the second quarter of 2022 indicate that the cryptocurrency economy has collapsed significantly and that crypto tokens in the top ten market positions have lost 30% to 60% in value. in USD for the past three months. The second quarter data also shows that binance coin managed to avoid the losses suffered by its competitors and solana was the worst of the top ten crypto assets by market capitalization.
The top ten crypto assets suffered significant losses during the last quarter
It was a crazy second quarter, to say the least, as numerous crypto assets within the economics of digital currency they are much lower than three months ago. In the second quarter of 2022, bitcoin (BTC) for example, it lost 42.92% of its value against the US dollar.
Statistics show this too ethereum (ETH), the second largest crypto asset by market capitalization, has lost 47.24% in the past three months. While much of the of cryptoeconomics losses derived from the two aforementioned cryptocurrencies, a wide variety of digital currencies in the top positions have lost enormous value.
The Binance Smart Chain Network BNBhowever, it’s only down 33.67% in the second quarter, which makes it BNB the best return during the second quarter of the top ten crypto assets. BTCThe 42% decline was the second best market performance in the top ten, while cardan (ADA) managed to capture the third best market performance of the top ten in the second quarter.
ADA it lost 45.49% in value against the US dollar in three months. XRP lost 48.99% in the second quarter, while dogecoin (DOGE) it lost 48.51%. Solana (SOL) it was the worst market result of the top ten as it lost 59.19% during the second quarter of 2022.
Dozens of relatively unknown tokens rise, $ 930 billion wiped out of the crypto economy in the second quarter
Most of the top-performing crypto assets of the second quarter that are not in the top ten were relatively unknown digital currencies. The biggest gains recorded in the second quarter were captured by tokens such as smartofgiving (AOG), followed by pitbull (PIT) and bosagora (BOA). The worst results in the second quarter included bluesparrow, piedao, terra luna classic and wrapping terra luna classic.
Hundreds of coins of the 13,414 cryptocurrencies traded on 514 exchanges around the world lost more than 90% in value in the second quarter. Conversely, there are only a few dozen cryptocurrencies that performed well compared to the hundreds of coins that lost value during the second quarter. In the last three months alone, $ 930 billion worth in USD left the crypto economy.
What do you think of the performance of the cryptocurrency market in the second quarter? Let us know what you think about this topic in the comments section below.
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