Top winners/losers of July; Ethereum and Ethereum Classic Win the Month

Source: adobestock/lzf

June 2022 is behind us, and it looks like there were fewer avalanches than ever before for traders and investors to stay afloat during this crypto winter month.

As a reminder, the crypto market saw a significant drop in June, with all coins in the top 10 by market capitalization seeing double-digit percentage losses and comparing the top two cryptoassets, Bitcoin (BTC) and Ethereum (ETH). Weak performance was recorded in May. For example, it was BTC’s worst month on record, with a 40% drop.

Still, after the initial shock of the market crash and all the big issues surrounding companies like Terra (LUNA), Three Arrows Capital, Celsius Network (CEL), Voyager Digital, BlockFi, and others, the market finally looked green.

Top 10 Coins in July Source: coincodex.com, 3:44 UTC

A look at the top 10 coins by market capitalization clearly shows what turn July took for the greener. All coins – except one – showed double-digit growth (not taking into account stable coins).

The undisputed winner of the month is ETH, which is up over 58%. Notably, this month was full of news of an upcoming merger, when the project will switch from the current Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS). It is likely scheduled for September.

ETH was followed by BNB, the native token of the Binance exchange, which grew 30%, as well as Solana (SOL) and its 29% increase. Then come XRP and BTC, both of which have appreciated by over 19% during the past month.

Finally, the last two-digit increase of around 15% was that of Cardano (ADA), while the only coin that went up less than 10% is Dogecoin (DOGE).

Read |  Info Edge Share Price: Info Edge shares up 0.56% as Nifty gains

Top 50 best sources in July: coincodex.com, 3:44 UTC

And the greening continues in the top 50 category by market capitalization, where the throne is occupied by Ethereum Classic (ETH) – it appreciated by about 150% in July. At one point in mid-July, ETC rallied in the market and outperformed ETH on a year-over-year basis. This is all happening as a narrative about Ethereum miners potentially switching to Ethereum Classic as the transition to Ethereum PoS is gaining traction. Furthermore, at the end of July, mining pool Antpool confirmed that it had invested $10 million to support the Ethereum Classic ecosystem and was planning to continue investing more.

In the second line is filecoin (FIL), which also went up over 100%, and while polygon (Matic) and volume (QNT) were up over 90%, aave (AAVE) and uniswap (UNI) stood at 72%. Were – 75% of the area.

As for the other coins on this list, they all appreciate between 52% and 59%, while the only coin in the top 10 included here is ETH.

Top 50 worst sources in June: coincodex.com, 3:44 UTC

Looking at the red-to-green ratio in the top 50 is always one of the best ways to know how coins fared in the month behind us.

In fact, today we see exactly the opposite situation from the situation a month ago. Only one coin in this category ended up in the red at the end of July, and that is LEO, an exchange token issued by Bitfinex. Interestingly, it was the best performer in the month of June.

Read |  Two killed in car accident on Bailey Avenue + housing market graph

The Best and Worst of the Top 100 in June

The top 100 by market capitalization had a lot of green coins to talk about in July. The first place is occupied by the Lido DAO token (LDO) with a monthly increase of 365%. Lido Finance made news in July, as it announced that it aimed to expand services to various Ethereum Layer 2 scaling solutions, but it also made an offer that turned out to be unacceptable – community members selling LDO 10m tokens for crypto investments. voted against. The firm Dragonfly Capital for DAI 14.5m, and the team soon returned with a second, “better”, offer.

The LDO is followed by the already mentioned ETC, FIL and MATIC. Second of the ten best performers in the top 100 are Bitcoin Gold (BTG), QNT, Curve DAO Token (CRV), and Convex Finance (CVX) – all of which account for between 95% and 80%, respectively. Last on the list is troubled CEL, which despite keeping itself embroiled in it, managed to end July with a growth of 79%.

Not taking into account stable coins, only four out of 100 were red coins. Huobi Token (HT) is in sixth place with a drop of 3%, the mentioned LEO is in third place, the much troubled Terra Classic (LUNC) is in second place with a drop of 17%, and first place (10SET) is down 17%. with the decline of.

,

learn more:
– Bad news is good news: Bitcoin moves with USD 24K as traders speculate on Fed pivot and US bearish
– Bitcoin could drop to $13.6K this year, panel says after adjusting predictions once again

Read |  JD.com (NASDAQ:JD) Shares Gap Down to $62.13

– Volatile Months for Ethereum and USD 1,711 Potential for Year End, Says Crypto Industry Panel
– BNB will grow marginally this year, may triple by 2025 – Analyst Panel

– Slight upside for Solana this year, but long-term future will be bright, panel predicts
– Cardano price at $0.63 by the end of the year, predicts a bullish bearish panel

Dogecoin is heading towards zero, according to industry panel
Global economic growth slows amid gloomy and more uncertain outlook

Source link