The Best-Performing Cryptocurrencies In 2022

Source: Business Today

2022 has been another big year for cryptocurrency so far. Thousands of new cryptocurrencies have been added to the market. Additionally, NFTs and play-to-earn games have grown in numbers to make the best-performing cryptocurrencies list.

The Global Crypto-market cap continues to grow, currently sitting at $1.16 trillion, a 6.38% increase from 2021.

With competition growing, here are the best-performing cryptocurrency gainers of 2022 thus far.

5 Best-Performing Cryptocurrencies: August 2022

Axie Infinity (AXS) has been the top gainer in cryptocurrency in 2022. Axie continues to top NFT charts this year, with nearly 1 million users per day on average. Developer Sky Mavis is also looking to implement Axis Infinity Staking in the future.

how to buy land in axie infinity
Source: Axie Infinity

Out of the top 100 cryptocurrencies by market cap, the following cryptocurrencies make up the top five gainers of August 2022 (via CoinMarketCap):

  1. Lido DAO: $2.78/18.64%
  2. Ethereum: $1907/11.77%
  3. Solana (SOL): $44.14/10.16%
  4. THORchain (RUNE)): $3.09/15.59%
  5. Gnosis (GNO):$184.38/13.05%

Lido Dao (LDO) is currently the top performing Defi token. It has seen major growth since the end of July. Some investors believe that the upcoming Ethereum merge will positively impact the growth of LDO in Sept. 2022.

The two biggest cryptocurrencies available, Bitcoin (BTC) and Ether (ETH,) have gained 47.46% and 312.23%, respectively. Ether has seen a huge spike over the summer with it’s upcoming merge to PoS from PoW. Ethereum and related NFTs will possibly see a major increase in price once the merge begins in mid-September. The merge has a tentative launch date of Sept. 15-Sept. 20.