Which 5 cryptocurrencies did you most appreciate in 2022?

Charlie Taylor

For crypto investors, the year started off very well. Bitcoin continued its bull run last year, several interesting projects were born and the ecosystem of DeFis and NFTs are becoming a new craze. Not even meme coins were left out. In just 3 months, 20 tokens from the crypto market rose by more than 1,000%. But make no mistake, considering the very low liquidity of most of these currencies, these large numbers can lead you astray, which is why, for this list, we will look at only the 20 largest cryptocurrencies in market capitalization that have most appreciated this year. It is also worth noting that the price increase in the past does not necessarily mean future appreciation, so do not take this article as an investment recommendation.

1 – Earth (LUNA)

Launched in 2019, the Terra platform is a blockchain protocol to support stablecoins, tokens that are backed by fiat currencies to keep their prices stable. According to its official presentation, Terra "combines price stability and widespread adoption of fiat currencies with resistance to Bitcoin (BTC) censorship and offers quick and affordable settlements."

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The Terra platform's native token, LUNA, used to stabilize the price of the protocol's stablecoins, waited until the beginning of 2022 to explode in price. Since 2019, his price has only fallen at a slow and steady pace, but for the time being he represented the biggest gains of the year, despite the fierce competition.Graph of the LUNA quotation. Source: Coinmarketcap.Graph of the LUNA quotation. Source: Coinmarketcap.On the 16th position in marketcap, the current price of LUNA is R $ 98, and even with a 7% drop in the last 24 hours, its growth in 2022 was 2,640% according to Coincodex.

2 – Dogecoin (DOGE)

Created based on the Shiba Inu meme, this cryptocurrency was just a joke and a cheap option to transfer money between exchanges until Elon Musk came up with his theory that “fate loves irony” and DOGE could actually be most adopted cryptocurrency in the future. Several billionaire tweets made the currency rise exponentially in price and many celebrities like Gene Simmons and Snoop Dogg joined in the fun and helped the growth of that altcoin. Dogecoin's track record is full of ups and downs, but there is no precedent for what happened in 2022.Graph of the DOGE quotation. Source: Coinmarketcap.Graph of the DOGE quotation. Source: Coinmarketcap. In the 17th position by market capitalization, Doge is traded today at R $ 0.30 and increased by 1,106% from January 1, 2022 until today, according to Coincodex.

3 – Theta (THETA)

Created in March 2019 as a decentralized solution to improve the quality and speed of video streams, with big names like YouTube co-founder Steve Chen and Twitch co-founder Justin Kan. Theta network tokens are for reward users who lend resources so that the network supports video streams from other participants. THETA saw a parabolic increase that started in December last year.THETA price chart. Source: Coinmarketcap.THETA price chart. Source: Coinmarketcap. Even though it is a newcomer to the cryptocurrency market, the platform quickly advanced to 9th place in the largest tokens by market value. Each THETA is traded today at around R $ 67.21 and rose 788.46% this year.

4 – Uniswap (UNI)

A darling of the DeFi market, Uniswap emerged as a decentralized exchange where users traded different cryptocurrencies without the need for an intermediary. But in September 2020, participants in this new market were surprised by an airdrop that earned thousands of reais for fans of decentralized technology. The UNI token, distributed proportionally to those who had already traded at Uniswap, gained even more space this year, presenting a incredible growth.Graph of the UNI quotation. Source: Coinmarketcap.Graph of the UNI quotation. Source: Coinmarketcap.Negotiated at R $ 163.22, UNI is placed in 8th position by marketcap and leveraged 713.9% since the beginning of the year.

5 – Binance Coin (BNB)

Launched in 2017 through an ICO, the token was created by the brokerage Binance to give discounts on fees to holders, but soon it was gaining new uses. Initially, it was an ERC-20 token on the Ethereum network, but it gained its independence with the creation of the Binance Smart Chain in 2019.The new network brought several new possibilities for BNB, including within the DeFi market, which is why it was seen by some as a new competitor to Ethereum, with the advantage of low transaction fees. Its price still benefits from the burning of tokens by exchange Binance, which makes a kind of "buy back" to destroy tokens with a portion of its profits from brokerage operations.Read more: With Coinbase's valuation at $ 100 billion, how far can Binance go?BNB price chart. Source: Coinmarketcap.BNB price chart. Source: Coinmarketcap. After only Bitcoin and Ethereum, Binance Coin is currently in the 3rd position in the ranking of cryptocurrencies by market capitalization. With a current price of R $ 1,430, BNB appreciated 607.9% since the beginning of 2022. It is worth remembering that it is not 3 months of appreciation that determine which projects are or are not good, and considerable falls are common after large pumps, but it is good to keep an eye on what is up this year. Which cryptocurrencies are you expecting to grow even further by the end of the year? Leave your opinion in the comments below.

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