Key points

• Crypto is broken in all directions, and all the coins in the top 10 have been destroyed
• LUNA was the worst, because its death spiraled to near zero in May
• In this year, Solana lost 92% of its value in use, dropping from the third largest cryptocurrency to the sixteenth
• BNB, XRP and Dogecoin are the three companies that perform well, but they still decrease by 56%
• BTC down 64%, Ether down 67%

2022. What a wonderful year.

In the data encryption market, there is no doubt that it is not good. The world has already switched to a new way of annual interest rates, and the market has realized how much encryption space will be caused by excessive leverage at low rates.

This kind of cheap bank credit has faded, and the circulation blanket has been opened, causing the market price to plummet. Add some scandals, such as FTX, LUNA and Celsius, and the market becomes very popular.

In this article, we reviewed the top ten coins at the beginning of this year.

2022 seems like a long time

The following is a screenshot of the historical time extracted from CoinMarketCap at the beginning of this year.

BTC is close to US $100 million and the turnover is close to US $50000, driving the whole market. Ether has recently fallen below 4000 yuan, and the third place is occupied by BNB, a coin of Binance.

The taser is the first stable coin in the fourth place, while the Solana is the fifth. This coin is connected with a respected entrepreneur named Sam Bankman Fried, who has planned to be the murderer of ETH and has made great profits. At this stage, the total market value has exceeded 50 billion dollars.

The only other stable coin is the US gold coin, ranking the seventh, while the Dogecoin ranks the tenth (excluding the stable coin), ranking the twelfth overall. The ninth place is also due to LUNA, namely Terra. This coin has brought driving force to the DeFi ecosystem that has developed at a high speed. In fact, it is Terra.

Life is beautiful, life is interesting, and daily life is only upward. Naturally, since November, when BTC hit the historical peak of $68739, the market has declined, but the price is still very high and the profit is still liquid. Happy Spring Festival, ushering in 2022.

One year later

A year later, you may feel a little different. The top 10 coins (excluding 2 stables) are shown as follows:

It is obvious that Luna, the king, has already been almost zero. Solana ranked second, losing a surprising 92% in 2022. From the fourth ranked cryptocurrency to the 16th today. The landslide also killed investors, from 11 to 18, and lost 87% of their value in the process.

On the other hand, BNB, XRP and Dogecoin have the best performance. The three companies "only" lost 56%/57% of their value. Although there are objections closely surrounding Binance recently, BNB is expected to become the fifth largest cryptocurrency by the end of this year, allowing USDC and USDT to surpass it.

This is really the only stable currency that will not be affected by price adjustment this year. Even BTC and Ether fell by 64% and 67% respectively. Thirdly, if all the data are extended to the historical high in November, the data will be further expanded.

Investors will be relieved to see the end of this year, which is also the punishment of the market. The only problem is that we are still in a low interest rate environment, and the impact of FTX is still being addressed in this field. At this stage, the world is a very uncertain region.