- Trust Wallet token, SONM, and GMX lead the chart as the higher gainers of 2022, recording over 100% gains since Jan 1.
- OKB, BNB, and DOGE were the best-performing assets in the top 10 digital assets by market capitalization.
- Digital asset enthusiasts continue to project coins to watch with a keen interest in 2023, rolling out several indices.
This year has been riddled with ups and downs in the cryptoverse, although the negatives have been more in the spotlight. As the year wraps up, we have seen assets spring up, surprises and some just disappointing.
Leading the winning table is Trust Wallet’s native token (TWT), making a huge leap this year, going from $0.710 in January to $1.5, gaining 106.24% this year to date (YTD). Closely following TWT is SNM, the token of the SONM platform, recording a sharp increase of 106% so far this year, trading at $0.51.
GMX, the utility token of the GMX exchange, follows closely as the last asset that made over a 100% gain YTD. GMX recorded a 103% growth and currently trades at $46.86.
The top 10 cryptocurrencies by market cap were all in the red zone, but OKB, Binance Coin (BNB), and Dogecoin (DOGE) recorded the least losses. OKB, the native token of OKX digital asset exchange, is currently the 10th largest asset by market cap after it made a loss of 24.06% YTD.
BNB has had a fluctuating year without hitting 2021 highs but still sits at No 5 according to market cap after shedding 52% since the start of the year. Popular meme coin, DOGE comes in third, trading at $0.07 after a turbulent year for the asset, which saw it fall back by 57% but still sits at No 8 by market capitalization.
A bad year for the big guns
The question for most users has been, “what happened to BTC and ETH? Will they bounce back?” This year has seen most digital assets in the red zone because of both internal problems in the cryptoverse, like the collapse of Terra and FTX and macro factors, like inflation and interest rate hike.
Bitcoin (BTC) started the year with lots of prospects but has lost 65% of its value since the start of the year. Starting the year at $47,827, the top virtual currency now trades at $16,583. Ethereum (ETH) started this year with lots of defining moments lined up, like the Merge (ETH 2), but that was not enough, as the leading altcoin has lost 67.92% of its value this year.