Which Top Coins Outperformed Bitcoin & Ethereum in 2022?

Paigambar Mohan Raj
Source: Analytics Insight

XRP and Dogecoin (DOGE) have emerged as some of the best-performing cryptos of the year, eclipsing the likes of Bitcoin (BTC) and Ethereum (ETH). DOGE had its moments throughout the year, but most of it was hanging on Tesla CEO Elon Musk’s support. However, this does not mean that DOGE did not lose value. Almost all crypto tokens have plummeted this year, with the dog-themed coin being one of them.

XRP and Dogecoin emerge on top

XRP fell by 57% in 2022, while Dogecoin (DOGE) fell by 58%. Both of these tokens have performed better than Bitcoin (BTC), which fell by 65%, and Ethereum (ETH), which dropped by 67%.

While DOGE was rallying with Musk’s support, XRP gained traction as the SEC vs. Ripple lawsuit verdict began to incline towards the crypto firm. Nonetheless, XRP is almost 90% down from its all-time high of $3.40, attained in January 2018. Similarly, DOGE is 90.4% down from its all-time high of $0.731578, achieved in May 2021. At press time, XRP was trading at $0.338659, while DOGE was trading at $0.070565.

However, neither XRP nor Dogecoin is the crypto that lost the least among the top 10 projects. That honor goes to Binance Coin (BNB), which lost 53% of its value this year. Binance is the world’s largest crypto exchange by trade volume. Moreover, the platform has emerged as an industry titan with little competition after the collapse of FTX. At press time, BNB was trading at $245.54.

What about Polygon and Cardano?

Polygon (MATIC) and Cardano (ADA) are the last two projects among the top 10 cryptos, and both have performed poorly in terms of their price. Polygon (MATIC) is down almost 69% this year, while Cardano (ADA) is down more than 80%. Nonetheless, both projects have seen significant developmental growth over the last few months.

Polygon is down 73.8% from its all-time high of $2.92, attained in December 2021. On the other hand, Cardano is down 92.1% from its all-time high of $3.09, which it achieved in September 2021. At press time, Polygon (MATIC) was trading at $0.768541, while Cardano (ADA) was trading at $0.244548.