Coin Race: Top Winners/Losers of June, Q2, and H1; Bitcoin Sees Worst Month Ever – Cryptonews

Coin Race: Top Winners/Losers of June, Q2, and H1; Bitcoin Sees Worst Month Ever – Cryptonews

Blockchain Crypto Market Technology
July 3, 2022 by Coinvasity
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 July is here, and both June and the first half of 2022 – which admittedly have been pretty miserable for the crypto market – are now finally behind us.As usual, we take a look at how the most popular coins in the market have performed for the past month, quarter, and half-year.In June, falling prices
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July is here, and both June and the first half of 2022 – which admittedly have been pretty miserable for the crypto market – are now finally behind us.
As usual, we take a look at how the most popular coins in the market have performed for the past month, quarter, and half-year.
In June, falling prices hit the second-most valuable cryptoasset, ethereum (ETH), particularly hard, as it lost almost half of its value in that month alone. However, bitcoin (BTC), by many seen as the ‘safe-haven’ within the crypto market, did not fare much better, dropping by close to 40% – its worst month on record.
Still, the number one crypto has held up better than some stocks if we look at the first half of the year as a whole, as pointed out by some leading voices in the crypto community.
Notably, the performance of the two most valuable coins in June was even weaker than in May, when BTC and ETH dropped by 17% and 30%, respectively. That came after another red month in April, when these two largest coins lost around 18% each.
Overall, June was a bad month for the crypto, with every single coin (except stablecoins) in the top 10 by market capitalization seeing double-digit percentage losses.
Starting with BTC, the number one crypto fell by 36.6% to a price of USD 20,106 by the end of the month. Perhaps surprisingly, the sharp drop made BTC the second-worst performer among the top 10 coins.
The only coin in the top 10 that performed worse than BTC in June was ETH, which fell by a whopping 45% for the month to USD 1,085. The drop came as many decentralized finance (DeFi) projects struggled, while centralized crypto lenders such as Celsius (CEL) – which has been active in the DeFi space – halted customer withdrawals.
Looking at the second quarter of the year, we see a similar picture, again with double-digit percentage losses across the board.
Worst among these coins was solana (SOL), which fell 70.5% for the quarter to USD 34 after a series of setbacks related to the technical stability of its network. The coin was followed by ETH as the second-worst performer with a 68% quarterly fall.
Meanwhile, the coin that performed best – on a relative basis – was Binance’s exchange token BNB, which dropped by 49% in the second quarter.
Moving over to the first half of the year as a whole, we once again see that SOL has suffered heavy losses, falling by 80% for the first six months of the year. Solana’s native token was followed by ETH as the second-worst coin with a 71% drop.
Excluding stablecoins, the best coin to hold in the top 10 for the first half of 2022 would have been BNB, which dropped by ‘only’ 57%.
Despite all the losses, there were still some green shoots among the top 50 coins by market capitalization in June.
The best performer in this group was LEO, an exchange token issued by Bitfinex. The token gained 9.2% in June to a price of USD 5.76. The token was followed by helium (HNT) as the second-best performer with a gain of 1.8%, and the Craig Wright-supported bitcoin SV (BSV) with a 1.1% gain.
The worst performer among the top 50 coins in June was chain (XCN). The coin fell by 51% to USD 0.085. It was followed by bitcoin cash (BCH) as the second-worst coin in the top 50 with a 48% drop.
Looking at the second quarter, the best performer in the top 50 was XCN, which gained 10% for the quarter, despite being one of the worst performers on a monthly basis.
Following XCN, the LEO token appeared with a quarterly loss of 4%.
Moving to the worst performers among the top 50 coins, we see avalanche (AVAX) come in on top with a loss of 82%. The coin was followed by filecoin (FIL), which dropped by 79%, and FLOW, which fell by nearly 79%.
Worth noting is that all of the coins in this group fell by 70% or more, which illustrates just how bad the second quarter of this year has been for the crypto market.
Zooming out even further to cover the first half of the year, XCN again stands out as the big winner with a 71% gain, followed by LEO’s 54% gain.
Sadly for those hoping for higher prices, the two above-mentioned coins were the only ones in the top 50 that saw gains for the quarter. All other coins saw double-digit percentage losses, starting with tron’s (TRX) 15% drop.
The worst coins in the top 50 saw losses of well over 80% in the first half of the year. 
The group was led by the play-to-earn gaming token axie infinity (AXS) with an 85% drop. The coin was followed by FIL, AVAX, FLOW, and polygon (MATIC), which dropped by 84.5%, 83.7%, 82.8%, and 80.9%, respectively.
Zooming out even further to cover all coins in the top 100 by market capitalization, the best performer was a little-known altcoin tenset (10SET), which rose by 30%. The coin was followed by LEO.
The worst performers among the same 100 coins were defi chain (DFI), XCN, and AAVE, which fell by 60%, 51%, and 50.7%, respectively.
Once again, XCN stood out as the best-performing coin among the top 100 coins by market capitalization in the first quarter, gaining 10%. The coin was followed by LEO.
Meanwhile, the worst performer was terra classic (LUNC), the coin previously just known as terra or LUNA. The coin saw a total collapse for the quarter, with the price loss being rounded up to 100%.
LUNC was followed by the affiliated and now-failed stablecoin terraUSD (UST), now often referred to as terra classic USD (USTC). The algorithmic stablecoin fell by 95.7% for the quarter.
For the first half of the year as a whole, the green metaverse (GMT) token, which is also known as STEPN, came in first with an impressive gain of 555% during an otherwise bad period for the crypto market. GMT was followed by the already-mentioned tokens XCN, LEO, and 10SET as the 2nd, 3rd, and 4th best performers, with 6-month gains of 71%, 54%, and 21.5%, respectively.
On the losing side among the top 100 coins in H1 were again the two Terra-related tokens LUNC and USTC, with their near-total collapse in price. The two tokens were followed by GALA and fantom (FTM), with losses of 88.5% and 88.3%, respectively.
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Learn more: 
More Crypto Meltdowns Could Be Seen This Summer, but the Worst Is Behind Us – Pantera’s Morehead
Crypto Market Struggles as Bitcoin Tests USD 20K, Analysts Warn of Further Downside, 3AC Liquidation Reportedly Ordered

Bitcoin Lifeboat, Long Recovery Road, & Exaggerated BTC Deaths: Saylor, CZ, and Professor Weigh In
Mike Novogratz Now Admits That Terra’s Model Was Unsustainable

CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound
Don’t Fear the Reaper: Why the Market Downtrend Is Good for Crypto
A quick 3min read about today’s crypto news!

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