Cointelegraph experts have named five cryptocurrencies in 2022 that showed the highest growth and decline in terms of profitability. They noted that the flagships of the crypto market, bitcoin and ethereum, were not included in the list.
Weekly chart of CIX100 prices.
The researchers focused on the highest and lowest yields from the beginning of 2022 to December 25. The Cryptoindex.com 100 Index (CIX100), which tracks the top 100 cryptocurrencies by market capitalization, has fallen by almost 68% since the beginning of the year, indicating that most of the most popular tokens in 2022 were trading at a lower price than before.
GMX cryptocurrency price chart
GMX (GMX) was the best performing cryptocurrency, with a 111% increase in yield since the beginning of the year. The market capitalization of the virtual currency amounted to $ 379.4 million. According to analysts, the upward trend of GMX was caused by the collapse of the FTX exchange and the listing of the token on major trading platforms, including Binance and Huobi Global.
Trust Wallet Token Price Chart
Experts gave the second place to Trust Wallet Token (TWT), whose price has jumped by 92% since January 1, 2022. The total market capitalization of the digital asset is $ 570 million. As with GMX, the cryptocurrency’s price rose sharply amid the collapse of the FTX exchange in November. The cryptocurrency has repeatedly become the most profitable per day. However, there were also drops in the value of TWT, so due to the spread of FUD after a Reuters article about Binance, which acquired the Trust Wallet wallet back in 2018, Trust Wallet Token dropped by 17% in a few hours.
UNUS SED LEO price chart
Next on the list was the UNUS SED LEO (LEO) cryptocurrency, which fell by only 3.5% amid the bear market. LEO’s market capitalization amounted to $ 3.44 billion.
OKB price chart
Analysts placed OKB (OKB) in fourth place, which lost 19% of its value over the year. OKB is the native token of the OKX exchange, which provides users with discounts on trading fees, access to the OKX Initial Exchange Offering (IEO) platform, and the right to vote for tokens to be placed on the exchange.
In June 2022, OKB gained 150% after falling due to market volatility. Overall, the recovery in value in the summer helped OKB minimize investor losses compared to most digital assets.
Open Network price chart
The last in the ranking was the Open Network token (TON), whose quotes fell by 33.5% during the reporting period. Open Network is a Tier 1 blockchain ecosystem developed by Telegram founders Pavel and Nikolai Durov. Its native TON token was on a downward trend throughout 2022, but recovered impressively on the eve of the year’s close. The growth of the digital asset was driven by the launch of a blockchain platform for the sale of username identifiers by Telegram. The messenger also recently added the ability to register accounts without a SIM card using anonymous blockchain-based numbers.
