Biggest Crypto Price Movements of 2022
The start of 2022 is a corking fourth dimension to look at the path travelled past cryptocurrencies up and down the price charts and analyze how these coins have been performing throughout the previous twelvemonth. The prices of most cryptocurrencies changed tremendously throughout 2022, every bit the year started off boring but then saw virtually cryptocurrencies jump in value over the commencement 6 months.
However, some like Luna Coin (LUNA) exhibiting a considerable growth of 48,900%. Others, such as Lumen (XLM), lost more than than half their price value and tumbled from the pedestal of crypto glory. DogeCoin (DOGE) demonstrated the lowest volatility, which is entering 2022 at the same toll as 12 months ago.
How did the leaders act?
Bitcoin (BTC)
Year-to-date: +87%
The biggest move: +282% over six months
The rex of cryptocurrencies dominated the toll charts throughout 2022, gaining 282% in value over just half a twelvemonth, and with its biggest 24-60 minutes loss constituting a 10% drib on July xi. Bitcoin demonstrated that slump — which lasted just a few minutes — after United States lawmakers criticized Facebook'south Libra.
The price of Bitcoin grew from $3,400 to almost $13,000 over the kickoff six months of the yr, levels it had not seen since January 2022. The hike in cost was accompanied by the combined and consequent growth of other cryptocurrencies abaft Bitcoin's atomic number 82. However, the aforementioned cannot be said almost the second half of the year, as the BTC marketplace consistently experienced bearish moods.
Ether (ETH)
Twelvemonth-to-engagement: -12%
The biggest motion: +139% over six months
The number two cryptocurrency had a rather interesting year, finishing information technology upward in the green later adding 139% over the first half of the year. Even so, the 2nd half of 2022 was marked by its worst drop of 36% over a x-day period in July.
2019 was quite a busy yr for ETH, which tripled in value in the first half of the year. On June 26, the exchange rate reached its top with a 139% spike over a six-month stretch, showering the battered crypto community with much-needed optimism.
The biggest gains of 2022
2019 proved to be quite a lucrative year for some participants of the crypto market. The biggest growth was exhibited by assets such as Luna Coin, Chainlink and Matic.
Luna Coin (LUNA)
Year-to-appointment: +25,000%
The biggest motility: +48,900% over a day
The LUNA charts wait like the cardiogram of a patient who woke up from a coma. After eight months of hibernation, the coin surged sharply past 48,900% on Aug. nineteen, setting the absolute record for daily growth. However, the flight was brusque-lived, with LUNA collapsing a day subsequently to its previous performance levels.
All the same, by the end of the year, the coin managed to regain its position and now is on the list of the most profitable assets, showing a yr-to-date growth of 25,000%. Since the beginning of the yr, the price of the token has increased from $0.001 to $0.25.
Bitcoiin (B2G)
Year-to-appointment: -99%
The biggest motion: +3,500% over a week
B2G, a fork of Bitcoin, has made the list of 2022's biggest gainers with a three,500% return over the form of a week. The money multiplied its price in early February, surging from $0.02 to $0.70. However, since July 2022, the project has been demonstrating almost no activity and trading volumes of betwixt $0.50 and $5.
Seele (SEELE)
Year-to-engagement: +2,640%
The biggest motility: +2,640% over a year
Ethereum-based token Seele made the list of 2022's biggest gainers, with twelvemonth-to-date twenty-sevenfold price growth, having entered 2022 with a price of $0.005. At the moment, Seele is valued at $0.137 per coin, which has made its investors profitable despite the cryptocurrency market'due south recent overall bearish mood.
Ethereum Meta (ETHM)
Year-to-date: -98%
The biggest motility: +i,100% over ii days
On December. 23, the little-known Ethereum Meta token made headlines, having risen in cost from $0.000001 past one,100% in just 48 hours. Notably, the daily trading volume of the money was merely $87 at that moment. After standing its flight to the moon on Dec. 25, ETHM dropped by 97%. Since the get-go of 2022, ETHM has been experiencing some great volatility.
ETHM has seen possible ii pump and dumps since the beginning of the year. Source: Coin360.com
The project founders did not make whatsoever statements regarding the price fluctuations, and its social network accounts have been inactive for two months. This may point that the coin was intentionally pumped and dumped.
Matic (MATIC)
Year-to-date: +285%
The biggest movement: +1,233% over a month
Equally Matic aimed to attract developers by offering them a way to deploy and run decentralized applications securely, its token price surged by i,233% over the course of May. Withal, a 52% cost driblet over a period of one week ensued during that same month.
In tardily Apr, Matic was listed by exchanges with its initial trading price of $0.003, but its value reached a peak price of $0.04 on May 21, ascension tenfold over the course of a month. In mid-November, the money's price started growing rapidly, setting its an all-fourth dimension high of $0.042 on Dec. 8. However, this increase was razed in simply a few hours, when the toll of the nugget fell by 70% and returned to the levels it had grazed on two weeks prior.
While marketplace leaders such as Binance CEO Changpeng Zhao were defending the project, Matic'south operations managing director, Sandeep Nialwal, called the depreciation of the asset the result of "obvious manipulation" and promised to provide a detailed assay of what had happened.
Despite the downturns, the altcoin is currently almost four times more expensive than it was during its initial exchange offering. Early investors are still in positive territory, even despite a threefold drib in the price of the coin in mid-December.
Chainlink (LINK)
Year-to-appointment: +459%
The biggest move: +1,186% over six months
A regular member of Cointelegraph's "Top crypto this week" department, LINK boosted 1,186% in value on June 29 and gained 459% over the year.
Many high-profile partnerships with large companies such as Google, Binance, Oracle and Aelf allowed the coin to surge by x times in value in the showtime half of 2022. On June 29, LINK broke a historic tape, growing 1,186% soon later on Coinbase Pro announced its plans to list the token. The overall price growth over the course of the year was recorded at 459%.
Binance Coin (BNB)
Yr-to-date: +122%
The biggest move: +548% over six months
BNB is a utility token for discounted trading fees on the Binance exchange. Given the platform's popularity, the coin gained 548% in value over the grade of the showtime one-half of the year and all-in-all grew past 122% in 2022.
Since December of concluding year, the toll of the coin has grown to $38.48, up 548%. At the same time, BNB remains one of the few cryptocurrencies whose investors are still in positive territory. Over the twelvemonth, the coin added 122% in value, and in that location are several reasons for this.
I of them was the launch of the Binance DEX, which held several successful IEOs, likewise as the evolution of BNB every bit an ecosystem.
The rapid growth was as well supported by a well-built economic model deployed around the BNB coin, which allows its owners to take reward of reduced exchange commissions.
Celer (CELR)
Year-to-appointment: -85%
The biggest move: +214% over two weeks
The Celer network was another IEO held on the Binance Launchpad. Although information technology managed to add together 214% in price in just ii weeks in May, early on investors withal suffered losses. Initially, the coin was sold at $0.007. At its superlative, its value reached $0.03. But, past the end of the year, the asset was valued at $0.0038, losing almost half its price since the crowdsale.
The biggest cost losers
2019 saw its off-white share of cost drops, and the biggest investor disappointers has been compiled into the list below.
BitTorent (BTT)
Year-to-date: -99%
The biggest move: -97% over a 24-hour interval
BTT, which demonstrated an eightfold increase last year, broke another record in May 2022 — this time hitting the lists of losers. On May one, its price dropped from $0.02 to $0.0006 in merely one day and has been steadily decreasing always since.
Nevertheless, Tron'south BitTorrent is currently ane of the most successful IEO projects. Despite an impressive drop from its highs in the second half of the yr, the coin is withal trading at prices twice the amount information technology was during the crowdsale, when it was sold for $0.00012.
FuzeX (FXT)
Year-to-date: -84%
The biggest motion: -87% over six months
The FXT token is another unfortunate leader with its cost driblet, losing 87% over the course of half a year. Its price dropped from $0.0035 on July 8 to $0.00043 on Dec. 29.
Bitcoin Gilded (BTG)
Year-to-appointment: -59%
The biggest motion: -82% over six months
2019 was a sad year for holders of BTG, which vicious past 82% in the second half of the year — from $31 on June 25 to a current value of around $5.xxx. The total decrease for the year was 60%, fueled by the previous delisting of BTG from Bittrex and the restriction on U.Due south. citizens from property the coin.
Omnitude (ECOM)
Year-to-date: -lxxx%
The biggest movement: -65% over two months
Omnitude comes next, as Oct was seemingly a pump-and-dump month for ECOM traders, with the cost surging and then dropping on several occasions. On Oct. fourteen, after the third pump, ECOM turned its tendency into a bearish ane and since that fourth dimension has lost nigh 65%, falling from $0.07 to $0.024.
ECOM price during the last half-dozen months of 2022. Source: Coin360.com
Lumen (XLM)
Year-to-date: -63%
The biggest move: -63% over a year
Lumen is as well in the list of losers, with its 63% year-to-date price driblet. In November lone, its price fell from $0.08 and is currently traded at a price of $0.044 per coin.
Ether (ETH)
Year-to-date: -12%
The biggest move: -36% in 10 days
Mentioning Ethereum for the second time, ETH demonstrated a notably precipitous price reverse on July eight, dropping by 36% in just 10 days, pulling the altcoin market place down along with information technology.
XRP
Year-to-appointment: -47%
The biggest move: -30% in November
XRP wraps upward the list of disappointments with its 47% drib over a menstruum of 1 year and a thirty% drop in Nov. While still continuing to autumn, XRP set up a record for the number of transactions in early December. On Dec. 2, the total corporeality of transferred assets reached $1 billion, making some users believe that the team behind the cryptocurrency, Ripple, was intentionally crashing the XRP price.
Source: https://cointelegraph.com/news/biggest-crypto-price-movements-of-2019
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