A Look at the First Quarter's Top Performing Cryptocurrencies in 2022
The first quarter of 2022 has come to an end and specific digital currency markets have seen a lot of action during the last three months. Out of the top ten digital currencies, terra (LUNA) saw the biggest gains, jumping more than 43% higher against the U.S. dollar in Q1. Out of the top 30 crypto assets, unus sed leo (LEO) spiked 58% higher in value against the dollar over the last three months.
Q1 2022: Terra, Unus Sed Leo, Ethereum Classic Gain Big — Solana, Algorand, Uniswap Shed Deep Losses
2021 was a phenomenal year for crypto assets as a great number of digital currencies tapped all-time price highs last year. This year, over the last three months, the first quarter of 2022 shows an entirely different story as many crypto markets are either doing really well or have been struggling.
The following is a glimpse at the performance of the top ten crypto assets by market valuation during the first quarter of 2022, and a look at the top 30 crypto assets as well. While bitcoin (BTC) is the leading crypto asset in terms of market capitalization, it has only gained 4.30% during the last 90 days.
Terra (LUNA) was the Q1 champ as it gathered 43.83% during the first three months of the year. The second-largest crypto asset in terms of market cap, ethereum (ETH), is down in value at the end of Q1, 2.75% lower against the USD. The biggest loser out of the top ten tokens was solana (SOL), as it lost 18.64% over the last three months.
Cardano (ADA) has been gaining value in recent times, but ADA lost 12.85% in Q1. Out of the top 30 crypto assets, the biggest gainer which even surpassed terra (LUNA), was unus sed leo (LEO), as it gained 58.37% this quarter.
Below LUNA’s performance, as far as top 30 standings are concerned, was ethereum classic’s (ETC) 31.33% gain in Q1. The biggest loser amongst the top 30 positions was algorand (ALGO), as it has shed 48.51% against the USD in three months. Another notable Q1 loser was uniswap (UNI), with the decentralized exchange (dex) token’s value sliding by 37.69%.
Crypterium and Kstarcoin Skyrocket — Bittorrent Token and Rebase Coin OHM Shudder
Out of the entire list of 13,568 crypto assets across 596 exchange platforms, the biggest Q1 gainer was crypterium (CRPT) as the token gained 423.33% in Q1. Kstarcoin (KSC) increased by 339.63% in three months and time new bank (TNB) jumped 234.77% higher in Q1.
Some of the most notable crypto asset losers during the first quarter include bittorrent (BTT) down 99.93%, and the rebase token olympus dao (OHM) which lost 89.68% in 90 days. Most of the top gainers and the biggest losers out of the list of 13,568 cryptocurrencies are relatively unknown digital assets.
What do you think about the first quarter’s crypto market performances? Let us know what you think about this subject in the comments section below.
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