Author: changehero
July 14, 2022

To nobody’s surprise, the quarter that saw crypto market plummet down, had no winners in the top-100. In these conditions, better performance sometimes means losing less. Without further ado, let’s review the top cryptocurrencies in Q2 2022 by performance.

best coins in q2 2022

To nobody’s surprise, the quarter that saw crypto market plummet down, had no winners in the top-100. In these conditions, better performance sometimes means losing less. Without further ado, let’s review the top cryptocurrencies in Q2 2022 by performance.

Key Takeaways

  • In Q2 2022, not a single cryptocurrency in top-100 by market capitalization (with the exception of stablecoins) scored a positive change. However, the altcoins in our top list by performance technically outperformed even Bitcoin;
  • There is a clearly defined trend with the selection: the majority of assets that showed decent performance are exchange utility tokens;
  • The best performance was shown by Quant (QNT), Uniswap (UNI), FTX Token (FTT), Binance Coin (BNB), OKB, Bitcoin SV (BSV), Gate Token (GT), PAX Gold (PAXG), TRON (TRX), Unus Sed Leo (LEO).

Top 10 Cryptocurrencies in Q2 2022

Quant (QNT)

QNT price chart in Q2 2022
Source: CoinMarketCap

Starting with Quant’s native token QNT, which is down 61.56% from the end of Q1 2022. 

On April 1st, Quant was trading for the price of $137.97. At the quarter’s close, QNT price fell to only $53.03.

Over the course of Q2 2022, QNT was trading in a clearly defined downtrend without breaking the market trends. Overledger and Quant Network have been proceeding with business as usual, building without flashing in the headlines. Nevertheless, the token’s utility claims kept it afloat and let QNT become a top-10 performing cryptocurrency in Q2 2022.

Uniswap (UNI)

UNI price chart in Q2 2022
Source: CoinMarketCap

Uniswap’s governance token lost 55.54% in Q2 2022. On June 30th, UNI was trading for the price of $4.98.

A recent report from Messari highlighted general trends for the decentralized exchange that influenced it in Q2 2022. Overall, the trading volume in that period declined by 8.7% in comparison to Q1. Considering that the crypto market lost more than $1.3 trillion of market capitalization and the price of the underlying token sharply declined, this is a good sign. Due to stablecoins comprising a significant chunk of liquidity on Uniswap, it declined by 37% but not more. Decreasing prices also turned out healthy for trading fees.

At the start of Q3, in July, Uniswap and other decentralized exchanges were integrated to Coinbase. It is already showing promising results for the UNI price, liquidity and trading volumes.

FTX Token (FTT)

FTT price chart in Q2 2022
Source: CoinMarketCap

FTX Token fared slightly better, with a 51.42% loss in Q2 2022. On June 30th, FTX Token was trading for the price of $24.53, down from $50.49.

In Q2, FTX has surpassed Coinbase and is now the second largest centralized exchange by volume, according to CoinMarketCap. It seems to be a result of the success of the late 2021 marketing campaign which involved even Super Bowl. The rumors of FTX IPO are still up in the air, although now less likely than in Q1 — in other words, the exchange seems to be doing more than fine.

Binance Coin (BNB)

BNB price chart in Q2 2022
Source: CoinMarketCap

And speaking of exchange tokens, Binance Coin managed to close Q2 2022 with a 48.64% loss. On June 30th, Binance Coin had a price tag of $219.3.

In April and July, Q1 and Q2 quarterly auto-burns took place. On April 25, 1,839,786.26 BNB, or the equivalent of $741,840,738.874 USD, was removed from circulation. In July, based on chain performance in Q2, 1,959,595.29 BNB worth $622,031,710.979 were removed from circulation. In both of these events, amounts to burn took into consideration the BNB price and number of produced blocks.

As for the future, BNB users can look forward to the improvement of decentralization aspect of the platform. By Q3 2022, BNB Beacon Chain intends to onboard 41 validators and launch BNB Chain Application Sidechain.

OKB

OKB price chart in Q2 2022
Source: CoinMarketCap

On June 30th, OKB was trading for the price of $12.23. In comparison to the Q2’s opening, it lost 41.2%.

OKX, like FTX, seems to be defying the market downturn with the announcement of 1,500 new hires. Although it is dwarfed in trading volumes by the leading exchanges, it is one of the few long-standing players on the market that survived a couple of cycles.

Bitcoin Satoshi Vision (BSV)

BSV price chart in Q2 2022
Source: CoinMarketCap

Not far behind is Bitcoin Satoshi Vision, with a 41.39% loss in Q2 2022. It went from $94.56 to $55.42 during the 90 days.

The news of Craig Wright filing a lawsuit against Kraken and Coinbase certainly pose another element of uncertainty in the development of the coin. Thanks to listing on Huobi Japan, it managed to score relatively decent performance in July, at the time of another market-wide capitulation. In other words, while it does not show brilliant results, the coin still has the potential to surprise.

Gate Token (GT)

GT price chart in Q2 2022
Source: CoinMarketCap

A newer entry in the list, Gate Token lost about 38.38% in Q2 2022, going down from $6.67 to $4.11 by Jun 30, 2022.

There indeed seems to be a trend with exchange tokens performing better than the rest of the market. Gate.io, which is Gate Token is the utility token of, is a leading centralized exchange by the number of available markets. By Q2 2022, GateChain was used by several DeFi and NFT platforms, like Hipo Finance and NFT Magic Box.

Like other tokens, GT also has a buyback-and-burn program. 3,137,551.9545226 GT was burnt in Q2, valued around 17,713,077.142132 USDT.

The parent platform, Gate.io underwent a rebranding in time of its ninth anniversary in May. The rebranding was not limited to a facelift, since there are also trendy GameFi and Web3 products to come to the Gate.io ecosystem.

PAX Gold (PAXG)

PAXG price chart in Q2 2022
Source: CoinMarketCap

Rather ironically, a gold-pegged stablecoin PAX Gold takes the bronze in our top by performance. Despite being decoupled from the crypto market, it also suffered some losses in Q2 2022. In comparison to $1,934.55 on Apr 1, 2022, it went down 6.19% by Jun 30, 2022, reaching $1,814.81.

PAX Gold, a stablecoin pegged to the price of gold, is an interesting example that demonstrates how the crypto market correlates with more traditional ones.

TRON (TRX)

TRX price chart in Q2 2022
Source: CoinMarketCap

Another mainstay in the list is surprisingly Tronix, which shed only 2.75% of $0.07391 on Apr 1, 2022 by the end of Q2 2022.

In June 2022, TRON mainnet celebrated its fourth anniversary. Incidentally, according to TRONSCAN, on June 25, it broke a milestone of 100 million user accounts (addresses). Healthy on-chain growth metrics also seemed to soften the blow caused by selloffs.

The USDD stablecoin which was launched earlier this year was also a factor of uncertainty in Q2. It was criticized for being excessively similar to the failed algorithmic stablecoin UST, and in May USDD was also under the same kind of pressure that brought Terra down. Nevertheless, it managed to pull through without long-term damage to TRON after all.

Unus Sed Leo (LEO)

LEO price chart in Q2 2022
Source: CoinMarketCap

Finally, the winner by the performance in Q2 2022 is also in black. The Bitfinex utility token LEO recorded the lowest losses, ultimately performing even better than stablecoins. The difference between LEO price on Apr 1, 2022 and on Jun 30, 2022 is only 0.69% to the downside.

Yet another exchange utility token, LEO is a special case since it was a part of the reimbursement program. Now that the convicts behind laundering funds stolen from Bitfinex in 2016 have been apprehended, the buyback commitment made by iFinex is in full force.

Analysts are warning about buying into LEO at this point. Since the fundamentals behind the coin’s strong performance came into play all the way back in January, in Q3 it is prime for a correction. Of course, it is important to remember that all technical analysis operates with probabilities, and the crypto market can always surprise us.

How to Buy These Coins on ChangeHero?

Did any of these coins catch your eye? You can easily get QNT, BSV, FTT, OKB, BNB, UNI and TRX on ChangeHero:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. And now, relax! We are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your coins are on the way to your wallet. We’ll be happy to hear your feedback if you enjoyed using ChangeHero.

Support team is available 24/7 in chat on our website, official Telegram group or through the email: [email protected].

Conclusion

The roundup of Q2 highlighted a curious trend in performance if crypto assets in a bear market. Projects with evident backing, large teams and media presence seem to have more trust from holders. These factors did not save these tokens from dumping together with the market but evidently seemed to soften the blow.

Feel free to learn more about these cryptocurrencies and other projects in our blog. For daily content, subscribe to ChangeHero on Twitter, Facebook, Reddit and Telegram.

FAQ

What Coins Should I Buy for 2022?

Traders and holders seem to prefer coins and tokens that are backed by large companies and well-known teams. While it did not save Terra and Celsius from collapsing, the tokens in this list can fare well into the latter half of 2022. It is never a bad idea to hedge in stablecoins, though.

Is Bitcoin a Good Investment 2022?

As far as crypto investments are concerned, Bitcoin is always the relatively safest option. While in Q2 it lost more than any other altcoin reviewed in this article, it outperformed most other cryptocurrencies due to its relative lower volatility.

What is the next big Cryptocurrency to explode in 2022?

In Q3 2022, many of these altcoins are already going on relief rallies. It looks like the massive correction will end some time in that period, and we will see explosive performance from the most unexpected assets.

Author: changehero
February 11, 2021

Crypto market is enjoying a Bitcoin bull run and the starting altcoin season. With more options to become an investor than ever, many newcomers are curious what to include in the portfolio. What is the best cryptocurrency to invest in 2021? Find our list of top 10 cryptocurrencies to buy in 2021 below! Top Cryptocurrencies […]

top 10 cryptocurrencies to buy in 2021

Crypto market is enjoying a Bitcoin bull run and the starting altcoin season. With more options to become an investor than ever, many newcomers are curious what to include in the portfolio. What is the best cryptocurrency to invest in 2021? Find our list of top 10 cryptocurrencies to buy in 2021 below!

Top Cryptocurrencies to Invest in 2021

Bitcoin

Bitcoin is a blockchain-based peer-to-peer online currency. Its main feature is the ability to work without any interference from third parties, which is achieved through cryptographic methods.

Bitcoin was designed to be a means for online payment, a digital alternative to cash. Eventually, its provable scarcity was embraced as a more prominent feature and the “inflation hedge” narrative emerged.

Most investors dabbling in cryptocurrencies first try the original currency that started it all. Bitcoin served as a cornerstone of the entire market, and still accounts for about 60% of its total capitalization. It is definitely the safest choice among the top cryptocurrencies to invest.

Performance in 2020 and 2021

Bitcoin price chart for 2020-2021
Source: CoinMarketCap

In May 2020, in an event called “halving”, Bitcoin issuance rate was reduced in half. Historically, it was followed by a rally within several months. Bitcoin renewed the 2018 record levels around $19,000 in November 2020 and started being traded above $20 thousand. This year, it has renewed the record again several times, and the current all-time high price is $48,003.72 (February 9, 2021).

In comparison with the opening price in 2020, Bitcoin grew by 567.19% at the time of writing.

Perspectives for 2021

The latest trends that are likely to drive the price of Bitcoin further up are institutional investors and mainstream adoption.

In 2020, funds like Grayscale Investments started offering exposure to cryptocurrencies to institutions. Companies such as Tesla, MicroStrategy and Square put billions of dollars in BTC. These investments prove that Bitcoin was recognized as a store of value and create a sound reputation for it.

As for mainstream adoption, PayPal has enabled purchase and sending of BTC last year. Both Visa and MasterCard announced plans to expand into the cryptocurrency sector. While these factors do not influence Bitcoin alone, as the most popular cryptocurrency, it will enjoy their benefits the most.

Ethereum

Ethereum’s value proposition can be summed up as the world’s computer. It is a decentralized  open-source blockchain platform that can execute fully automatic smart contracts. Thanks to smart contracts, numerous other protocols and cryptocurrencies were built.

Ethereum is powered by Ether, or ETH, which is a currency that can be used to pay for transaction fees and smart contract calls. Given the scale Ethereum currently operates on, ETH is necessary to use stablecoins, DeFi products and Ethereum-based decentralized applications.

Performance in 2020 and 2021

Ethereum price chart for 2020-2021
Source: CoinMarketCap

While Ethereum mostly followed the growth of Bitcoin, there were other factors in play, too. Firstly, Ethereum appreciated in the summer of 2020, when DeFi started to grow at an avalanche rate. Secondly, in late 2020, Ethereum core developers have finally released the mainnet of Ethereum 2.0 in its first phase.

In 2021, Ethereum, like Bitcoin, went through the roof and broke the records, too. Its current ATH of $1,826.70 was seen on February, 10.

In comparison with the opening price in 2020, Ethereum grew by 1,245.54% at the time of writing.

Perspectives for 2021

In addition to the mentioned factors, which are already massively contributing to the rally, there are more.

The official branches of the US Fed are researching DeFi and positively evaluate its potential. The news drove ETH to its current ATH, and in the longer term might mean adoption on a national scale.

DeFi itself is not strictly limited to Ethereum, but the existing ecosystem is mostly built on top of it. At least for now, its dominance in DeFi makes it one of the top 10 cryptocurrencies to buy in 2021.

XRP

XRP is a cryptocurrency-adjacent open-source network. One of the use cases for the XRP Ledger is in the Ripple real-time gross-settlement system. With XRP, less costly and almost instant global money transfer becomes possible, which makes it an alternative to SWIFT.

Performance in 2020 and 2021

XRP price chart for 2020-2021
Source: CoinMarketCap

In comparison with the opening price in 2020, XRP grew by 162.83% at the time of writing. It is one of the few currencies that did not have the chance to renew its ATH in 2020.

In November Spark project announced an airdrop of FLR tokens. The tokens would be distributed according to a XRP snapshot. However, in December the Securities and Exchange Commission filed a lawsuit against Ripple Labs. The price lost its momentum, and XRP sank to $0.18.

In 2021, there have already been several attempts to reclaim the price. However, with the legal status unclear, the community is waiting for the hearings to clarify the future of the asset. When the news arrives, make sure to read the coverage in our blog.

Perspectives for 2021

Despite the trouble with the SEC, XRP is still one of the top 10 cryptocurrencies to buy in 2021.

It is a fact that for the time being, XRP trading is suspended on several large exchanges in the US. Grayscale temporarily retired their XRP trust. However, the legal battle is far from being decided.

In addition, it is Ripple Labs that is being sued. XRP Ledger itself is open-source and managed by the community. XRP is also one of the most popular crypto assets in another heavily regulated economy: Japan.

Polkadot

Polkadot is one of the up-and-coming newcomers of 2020. Despite being a recent addition to the market, it is already in the top 10 cryptocurrencies to buy in 2021. Why?

Firstly, the Polkadot platform is developed by renowned cryptographers and developers.

Secondly, Polkadot delivers on a protocol that provides interoperability between many blockchains by facilitating cross-chain data transfer. Polkadot’s native token DOT is providing network governance, backing operations and is used in creating parachains.

Performance in 2020 and 2021

DOT price chart for 2020-2021
Source: CoinMarketCap

Polkadot blockchain was launched on May 26, 2020. However, the phase that unlocked DOT wasn’t rolled out until August, 18. In the first weeks of existence, DOT quickly became a coin with more than a $5 million capitalization. Back then it seemed impressive, but then DOT has really started going off in 2021.

In comparison with the opening price after the redenomination, Polkadot grew by 768.62% at the time of writing.

Perspectives for 2021

Polkadot governance powered by DOT is in its final completion stages. All that is left is relay chain launch, which can be expected this year.

What is more interesting is the things that can be built on top of it. Polkadot can support smart contract chains, oracle chains, identity chains, financial chains and more. A bridge to Ethereum is also in the works, and once it is done, DeFi can spill into Polkadot-integrated networks.

Binance Coin

In comparison with the previous project, Binance Coin is a more conservative but not less interesting asset among the top 10 cryptocurrencies to buy in 2021. Binance Coin is a cryptocurrency mainly used within the Binance ecosystem, which includes the most popular cryptocurrency exchange. Other parts of the system in which BNB can be used are payment gateways, Binance Launchpad and DEX.

Performance in 2020 and 2021

Binance Coin price chart for 2020-2021
Source: CoinMarketCap

In comparison with the opening price in 2020, BNB grew by 803.64% at the time of writing. Most of the growth has happened in February 2021 alone.

In 2020, there was a clear uptrend for BNB. By the end of the year it grew from $14 to $38.

Like we said, today Binance is one of the most popular trading platforms. With the surge in price of Bitcoin and altcoins, Binance is registering record-breaking traffic. BNB’s ATH was observed just a day ago, on February 10: $148.07.

Perspectives for 2021

Binance Coin holders have more token burns, Binance Cards and DeFi ventures to look forward to.

Binance coin token burn
Source; Binance Blog

Token burns are ongoing monthly events in which a chunk of BNB supply is slashed, basically increasing the value of the remaining coins. The 14th burn introduced a new formula designed specifically to accelerate the rate at which BNB are burnt.

Binance Cards are a product which was launched last year, but is still pending approval in several countries. Once these cards can be used, paying with crypto, including BNB, will become more accessible.

Binance Smart Chain is one of the alternative DeFi platforms that has not gained traction yet. However, if the Ethereum gas fee issues persist, users might start moving to other platforms.

Litecoin

In short, Litecoin is a fork of Bitcoin that improved on some of its fundamental features to make it more suitable for daily transacting. Most notably, block time (2 minutes) and supply (84 million) were modified to make validations quicker and give a higher cap on total supply.

Performance in 2020 and 2021

Litecoin price chart for 2020-2021
Source: CoinMarketCap

In comparison with the opening price in 2020, Litecoin grew by 352.77% at the time of writing. It has also not broken its ATH price record but it is halfway there! The technicals set it up for further growth.

Perspectives for 2021

MimbleWimble, a privacy protocol which is capable of masking transaction details from outside observers, will be activated in 2021. On the one hand, this will greatly improve the functionality of LTC. On the other hand, listing coins with privacy features is quite risky for exchanges.

Litecoin is also riding the coattails of Bitcoin in terms of adoption. Grayscale offers exposure to LTC through its Litecoin trust, and LTC is available for purchase in PayPal.

We admit: it feels quite weird writing this in 2021… But Litecoin definitely belongs in the top 10 cryptocurrencies to buy in 2021.

Chainlink

ChainLink is a decentralized oracle platform that bridges the gap between real-world data and blockchain. Chainlink oracles compare the data and convert it to a common denominator, eliminating the single point-of-failure of centralized oracles. Operators are rewarded with LINK tokens for their work, which they can stake to secure even more work.

Performance in 2020 and 2021

LINK price chart for 2020-2021
Source: CoinMarketCap

In comparison with the opening price in 2020, LINK grew by 1467.23% at the time of writing. Most of the community was impressed with the performance of ChainLink in 2020. However, it is setting up to continue being in top 10 cryptocurrencies to buy in 2021, too.

Chainlink is in the midst of a rally, and its current ATH of $28.60 was reached just a day ago, on February 10.

Perspectives for 2021

Chainlink is one of the most used protocols in DeFi: it’s employed in Compound, Kyber Nework, Polkadot etc. Needless to say, as DeFi keeps developing, Chainlink will be one of the first projects to benefit.

In a conversation with Decrypt, the project’s founder Sergiy Nazarov confirmed that non-blockchain companies are also looking into integrating Chainlink. The announcements can become price-driving events, so it may be a good idea to stock up on LINK in advance.

Bitcoin Cash

Bitcoin Cash is a peer-to-peer money transfer system based on Bitcoin’s model. In 2017 it split from its blockchain, making several improvements. The main new feature of the network is increased block size, 32 MB as opposed to Bitcoin’s 1 MB.

Performance in 2020 and 2021

Bitcoin Cash price chart for 2020-2021
Source: CoinMarketCap

In comparison with the opening price in 2020, Bitcoin Cash grew by 158.01% at the time of writing. In 2020, it underwent yet another chain split, but it did not seem to significantly influence the price.

Perspectives for 2021

It seems that the torch of original BCH in 2021 will be carried by BCH Node fork. The community has already submitted a few changes which will go into effect on May 15, 2021. There are a ton of updates planned in 2021, including push for adoption and scalability improvements.

Bitcoin Cash is one of the currencies supported by Grayscale and PayPal, so like Litecoin, it could also reclaim some attention.

Dogecoin

Which Cryptocurrency will explode in 2021? No one could have expected it to be DOGE

Dogecoin is one of the oldest standing cryptocurrencies, from a technical perspective — a fork of a fork of Litecoin. Dogecoin branding is based on a popular Internet meme Doge.

Performance in 2020 and 2021

Dogecoin price chart for 2020-2021
Source: CoinMarketCap

In comparison with the opening price in 2020, Dogecoin grew by 3511.93% at the time of writing. Like with other entries in the top, most of it has happened in 2021.The new ATH of Dogecoin: $0.08495 was reached on February, 8. On this day, and a few days before, Elon Musk made several Twitter posts pushing for DOGE.

Perspectives for 2021

Despite the financial success, there is not much to expect from Dogecoin in terms of development. However, with the breakthrough of the coin into top 10, there is a chance that interest in development can return.

As for institutional adoption, not much can be expected here, either. Dogecoin price is driven mostly by retail demand. However, we all see what gains it can achieve.

Stellar

Stellar is an open network for money storage and transfer, running since July 2014. Like XRP, which it is heavily influenced by, it aims to make global transactions less costly, more effective and borderless.

Performance in 2020 and 2021

XLM price chart for 2020-2021
Source: CoinMarketCap

In comparison with the opening price in 2020, Stellar lumens grew by 886.92% at the time of writing. Despite the impressive growth, XLM has not renewed its ATH in this bull run yet! This alone warrants inclusion of XLM in the top 10 cryptocurrencies to buy in 2021 list.

Perspectives for 2021

Recently Stellar-related news reported Stellar Development Foundation will be working with Ukrainian government on digital hryvnia in the next year. Among the currently developing collaborations are Circle, issuers of USDC and Signal, a popular privacy-preserving messaging app.

How to Buy Top Cryptocurrencies on ChangeHero?

Suppose, you picked one of the top cryptocurrencies to invest in. For your convenience, all of these cryptocurrencies can be bought on ChangeHero in five easy steps:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address (and memo/tag, if necessary) in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. And now, relax! We are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your assets are on the way to your wallet. We’ll be happy to hear your feedback if you enjoyed using ChangeHero.

Our support Heroes are available anytime in the chat on our website or through the email: [email protected].

Key Takeaways

  • The cryptocurrency market is in a bullish cycle that follows Bitcoin halving events. Will Bitcoins go up in 2021? Chances are, we are not near the end of the cycle yet, which means, probably, yes;
  • Some cryptocurrencies are already beating their record prices from the last bull run: Bitcoin, Ethereum, BNB, Chainlink, Dogecoin;
  • However, there are a few coins which have not beaten their ATH yet: Stellar, BCH, Litecoin, XRP;
  • Which Cryptocurrency is growing the fastest? In terms of price, Dogecoin, followed by Chainlink. The vertical growth and fundamentals make the latter a more reliable (but less fun) investment.

Conclusion

To be frank, there is no single best cryptocurrency to buy 2021. Instead, it is best to diversify the portfolio to minimize losses in case of an unforeseen event. We hope our list of the best cryptocurrencies to invest was helpful to understand where to begin!

If you enjoyed the analysis of top cryptocurrencies to invest in, check out ChangeHero’s blog. You can stay tuned to the updates and get more bite-sized content on our Twitter, Facebook, Reddit and Telegram!


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Disclaimer

This article is not a piece of financial advice. When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.