Performance of the top 10 crypto-currencies in 2022

It’s no secret that 2022 was a pretty rough year for the crypto-currency market. The industry has been hit by everything from crashes and bankruptcies to fraud allegations, massive fines and layoffs.

Bitcoin

Year-to-date, bitcoin – the No. 1 asset in terms of market capitalization – has fallen 75 percent from its all-time high of $68,789.63 reached on Nov. 10, 2021, according to data from CoinMarketCap. Its market cap is around $331 billion, far from its highest market cap of $1.28 trillion in November 2021.

Ether

Ether has also fallen 74 percent from its all-time high of $4,891.70 reached on November 16, 2021. Its market capitalization also took a hit, standing at $157 billion, according to CoinMarketCap, from its all-time high of $571.67 billion on November 9, 2021, according to GlobalData.

Tether (USDT)

Tether is down 24.4% from its all-time high of $1.32 on July 24, 2018. Its market capitalization stands at $65 billion, down from its all-time high of $83 billion in May, according to CoinMarketCap data.

Binance Coin (BNB)

BNB, at $295, is down 57.3% from its all-time high of $690.93 reached on May 10, 2021. Its market capitalization is $47 billion, also down from its all-time high of more than $109 billion in November 2021, according to CoinMarketCap.

USD Coin (USDC)

Stablecoin USDC is down 57.4% from its all-time high in November 2021. Its market capitalization has also dropped from $55 billion in June 2022 to $43 billion, according to data from CoinMarketCap.

Binance USD (BUSD)

BUSD, at $1.11, is down just 9.6% from its all-time high on March 12, 2020.

Its market capitalization has also suffered less than other coins, being at $22 billion, compared to its all-time high of more than $23 billion in November 2022, according to CoinMarketCap data.

XRP

XRP is another coin that has taken a hit. At $0.39, it is down 89.8% from its all-time high price of $3.84 reached on January 4, 2018. Its market capitalization also took a huge hit, falling to $19 billion from its all-time high of $130 billion in January 2018, according to data from CoinMarketCap.

Dogecoin (DOGE)

The $0.10 celebrity-approved coin is down 86.3% from its all-time high of $0.73 on May 8, 2021. Its market capitalization stands at $13.9 billion, far from its all-time high of $82 billion in May 2021, according to CoinMarketCap data.

Cardano (ADA)

ADA is down 89.5% from its all-time high of $3.10, reached on September 2, 2021. While its record market cap was over $94 billion in August 2021, it has fallen to $11.2 billion, according to CoinMarketCap data.

Polygon

Polygon is down 68% from its all-time high a year ago at $2.92 on Dec. 27, 2021. Similarly, its market capitalization is down to $8.1 billion from its all-time high of $19.5 billion, also reached in December 2021, according to CoinMarketCap data.