The 10 Best Performing Cryptocurrencies of 2022
Not many people will agree that 2022 is a good year for an average cryptocurrency trader or investor. But one can’t say this is a bad year for the industry because it still had its highs. There are a couple of coins that contributed to the good performance of the industry in 2022.
10 Best Performing Cryptocurrencies of 2022
With a $383 billion market size in 2022, Bitcoin has remained one of the most traded coins in the industry. Developed in 2009 by an anonymous entity with the code name Satoshi Nakamoto, Bitcoin has maintained its stance as the most formidable coin in the industry. There has been a tremendous increase in the price of bitcoin, as it skyrocketed from $500 in 2016 to more than $19,989 in September 2022. This is approximately 3,900%.
2. Ethereum (ETH)
As the second best-performing cryptocurrency of all time, Ethereum has ceased not to disappoint its investors. These non-fungible tokens (NFTs) have grown to a market capitalization of $192 billion. Ethereum increased from $11 in April 2016 to $1,568 in September 2022, representing a 14,155% increase.
3. Tether (USDT)
Tether is the most performing stablecoins in the crypto market today. With a market capitalization of $192 billion, Tether has leveled up from $11 in 2016 to around $1,568 in 2022. This increase represents 14,155% in September 2022.
4. Binance Coin (BNB)
Binance is not only known for its crypto exchange platform, but the coins are also doing extremely well in the market. Launched in 2017, the Binance coin is now valued at $44 billion in market capitalization. The price of Binance grew from $0.10 in 2017 to $276 in September 2022, showing an increase of 275,900% (on average).
With a market value of $16 billion, XRP is purposely designed to enable the exchange of various currencies – including traditional money. In the early days of 2017, the XRP increased from $0.006 in 2017 to $0.32 in 2022, making it approximately 5,233% in September 2022.
6. Cardano (ADA)
With a market cap of $15 billion, Cardano is known for its fast provision of proof-of-stake validation. It didn’t do badly this year; it increased moderately from $0.02 in 2017 to $0.44 in September 2022. This is an average increase of 2,400%.
7. Solana (SOL)
Solana has risen to $10 billion in market capitalization since its launch in 2020. This smart contracts-enabled coin has increased from $0.77 in 2020 to $31.25 in September 2022: a whopping 3,958% increase.
8. Dogecoin (DOGE)
A coin that started as a joke in 2013 has suddenly generated $8 billion in 9 years. Dogecoin has performed wonderfully well amid a negative market trend. Dogecoin has increased from $0.0002 in 2017 to $0.061 in 2022, representing a 30,400% increase.
9. U.S. Dollar Coin (USDC)
With a market capitalization of $52 billion in 2022, this USD-perked coin has outperformed its peers. This can be seen in its huge transaction volume in the later months of 2022.
10. Binance USD (BUSD)
This is another pride of the Binance Corp., the Binance USD is a stablecoin from Binance, and it is doing well in that regard. With a market capitalization of $19 billion, BUSD has continued to perform as one of the best stablecoins in the industry alongside the USDT.
Finally, you must understand that even the most performing coin can shift from being the best to the worst. This has been the situation in the industry and will continue this trend in days to come: it is in its nature.