Coins which performs well during 2022 despite bearish season
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, unlike year 2021, year 2022 proved not great for crypto world. Global economic crisis, soaring interest rate and increasing inflation have badly impacted the crypto market. Majority of coins observed dip in their worth.
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Although, many coins came hit the market during 2022. Only few managed to impress the investors. Interestingly top notch coins are not a big gainer or loser of the market. Despite crypto winter there is couple of coin which performed really well during 2022. Number one in this list is GMX.
GMX is decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. GMX observed a massive growth of more than 110% during 2022. Big number despite long crypto winter. Currently GMW is at 76 place in coinmarketcap list. Interestingly all top 75 coins failed to compete with GMW.
Second placed coin which really performed well during 2022 is Trust Wallet coin TWT. TWT coin observed 92% growth during 2022. Currently coin is placed at 58th rank on coinmarketcap list. Interestingly TWT has observed growth after FTX collapse.
Third place in the top gainer is Unus Sed LEO, a centralized exchange coin. Coin actually infact, observed a loss of 3.5% during 2022. Third placed coin observed loss and it is still at third as observed less loss as compared to other coin. Top Notch coins like BTC and ETH have observed more than 65% loss during 2022.
Fourth coin in this list is OKB coin. Coin observed a massive loss of 19 but still managed to grab the 4th place as the loss number is smaller as compared to other coins.
Overall tough time for crypto market. Market is still struggling to surpass $800 Billion which at one stage was about to touch $3 Trillion. Hope the next year starts with bullish run. As previous trend of BTC performance there have no consecutive years when coin observed dip. This is actually a good sign for crypto market.
Let's hope the market will be bullish in upcoming 2023.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.