There are only a few days left before a tumultuous year 2022 ends, which brought us many surprises and has left many lessons to be learned; as well as reminding us of popular crypto adages that seemed to be taken for granted.
Despite all this, 2022 has been a year of opportunities and some projects have reflected this in the different metrics that we find every day in the market.
One of these metrics that has become quite relevant in recent months is the general ranking of the most popular coins in the crypto sector.
Cryptorank, a decentralized digital asset and price analysis platform, has put together an interesting rundown of the top ten coins that are leading the way in popularity in the industry. Let’s see who they are.
1.- Bitcoin (BTC)
The king cryptocurrency of the market continues to be the most popular among the different options that make life in this decentralized market of digital assets.
Despite trading with a negative annual performance, Cryptorank received visitors to its site consulting information about Bitcoin more than 1.6 million times during 2022.
Besides, the asset is on at least 4,987 user watchlistswho want to have it on their profile as part of their portfolio to watch.
According to Cryptorank data, the bitcoin price is trading at an average of $16,600, obtaining its third worst year in its short history, after having had a negative performance in 2014 and 2018.
At the moment, the bitcoin price reflects an annual performance of -64.2%, going from a maximum of USD 48,205 to a floor of USD 15,521.
However, the asset is still preferred by many, as Microstrategy recently demonstrated with its purchase of 2,500 BTC to expand its bitcoin vault.
2.- SOLANA (SUN)
What happened with Solana this year has been completely contrary to her excellent performance last year. In the midst of interruptions in its network due to spam attacks that overloaded the network during the year, exposing its failures at the development level.
But Beyond the possible flaws in its architecture, Solana (and especially the native SOL token) have been the subject of discussion and popularity (or unpopularity) among cryptocurrency fans in recent months due to the increasing loss of value, which it has been accentuated in the last two months after the fall of FTX.
With just over a million visits consulting about the SOL token in Cryptorank, Solana has attracted attention due to the increasing loss of its value this year, which reaches more than 90%.
In addition, the loss of volume, TVL in its DeFi ecosystem and marketcap that has dropped it from the top ten in the market, have put Solana on the watch list in the profiles of 3,311 Cryptorank users.
At the time of writing this post, Solana is listed in position 23 in the general ranking of cryptocurrencies with a price of USD 8.29 and given the loss of value in its ecosystem and the migration of both projects and developers, fears about dejavu from Terra in the erstwhile ‘Ethereum killer’ looks increasingly feasible for its holders.
3.- STEPN (GMT)
Although the bear market has affected the entire ecosystem equally, there are some solutions (projects) that are still at the helm to survive this crypto winter by improving their protocol and adding value to the community.
An example of this is STEPN and its native GMT token. The project remains in the third position of the most popular cryptos of 2022 for Cryptorank with 970,128 visits to its page.
In addition, given the growing popularity and continuous development and improvement that Stepn has had, its token is the only asset in this ranking that has a positive performance and up to double digits with +49.3%.
Similarly, the project’s GMT token has been in existence for just under a year. a positive performance of up to 39%.
4.- NEAR PROTOCOL (NEAR)
In the fourth position appears the coin NEAR, from the homonymous project with almost 900,000 visits to the project’s website inside Cryptorank.
NEAR is down 91% in value in the past twelve months, after peaking at $20.49 this year.
Now NEAR is trading at an average of USD 1.27 and with a marketcap of 1.1B dollars it is positioned in box 32 of the general ranking of cryptocurrencies according to Cryptorank.
5.- Ethereum (ETH)
Quite contrary to what many might suppose, The Ethereum Merge was not that popular for the ecosystem, much less for its ETH currency, despite the importance that this event brought to the industry.
ETH according to the Cryptorank ranking was the fifth most popular coin in 2022 with about 875 dedicated page impressions on this platform.
However Ethereum remains the second largest project in the ecosystem by market cap at $144B due in large part to the higher number of dApps deployed in its ecosystem.
ETH, like BTC, has had a year of negative performance, going from a high of $3,880 to just over $1,190 near the end of the year.
Its performance of -67.5% is far from the +398.6% performance that the asset obtained during 2021. Part of this drop is attributed to the drop that occurred in the second quarter when things began to worsen for the ecosystem after the drop in Terra.
Popularity and development at the bottom of the table
Already at the bottom of the Cryptorank ranking we can see five assets that have been very popular within the ecosystem since its existence and continue to demonstrate this in 2022.
BNB Chain, Polygon, Dogecoin, Polkadot and Cardano with their native currencies had an average of half a million page views on Cryptorank during 2022.
Of these five projects, ADA and DOT of Cardano and Polkadot respectively are the ones that fell the most with just over 80% loss of value.
However, it is worth noting that Cardano and Polkadot continue to be two ecosystems with the greatest value at the development level due to the consistency in building a scalable blockchain infrastructure to complement the Ethereum ecosystem.
In that sense, Polygon (L2 Ethereum) is another great example of how the project has been actively building in this 2022after being incorporated as a blockchain solution by important traditional brands such as Amazon, Disney, Coca-Cola, among others.
The fact that we have only one memecoin (DOGE) in this ranking indicates that the crypto community is more aware of following more solid projects and with real solutions, far from the fanaticism once reflected in the interests of influencers who sought to project empty projects.
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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