TWT, Terra, and Solana headline 2022’s top cryptocurrency loser’s lists
As the year 2022 comes to a close, a steady theme has been cryptocurrency markets falling under selling pressure.
With bear market conditions prevailing, we rank the biggest gainers and losers among the top 100 cryptocurrency assets, as ranked by capitalization. Performance numbers are as of December 27th.
Cryptocurrency winners: Only two cryptocurrencies in the top 100 increased their value in 2022
In the current top 100 cryptocurrency list, there are two cryptocurrencies that came out ahead in 2022.
Trust Wallet Token (TWT)
TWT, the native asset of Trust, the external wallet acquired by Binance, emerged as an altcoin that resisted the bear market this year. TWT has increased its value by 90% since the beginning of the year.
Trading at $1.347 on December 27th, TWT started the year at $0.7084. TWT, which currently has a market capitalization of $561.75 million, is ranked 62nd. Its rise is no doubt a sign of the increasingly central role Binance and its CEO and co-founder CZ (Chang Peng Zhao) are playing in the crypto ecosystem.
GMX
GMX has increased its value by 108% since the beginning of the year. Trading at $44.8 on Tuesday, GMX is currently ranked 75th with a market capitalization of $375.59 million. GMX is used as the local asset of a decentralized exchange that supports spot and futures trading with low trading fees. The altcoin was listed on several centralized exchanges in October, increasing its trading volume and ranking among the top 100 largest cryptocurrencies.
Cryptocurrencies with the biggest losses in 2022
The 10 cryptocurrencies that lost the most this year were listed as follows:
- Terra Classic (LUNC): -100%
- Helium (HNT): -95%
- Solana (SOL): -93%
- Convex Finance (CVX): -92.8%
- Axie Infinity (AXS): -92.5%
- Sandbox (SAND): -92.4%
- Fantom (FTM): -92%
- File coin (FIL): -91%
- Flow (FLOW): -91%
Curve DAO Token (CRV): -91%
