Cryptocurrencies

These are the ten best performing cryptocurrencies in 2022 so far

These are the ten best performing cryptocurrencies in 2022 so far

2021 has been a big year for the cryptocurrency industry, but 2022 is far from it yet. Many believe that the hype the crypto market has been experiencing over the past year is one of the main reasons for this year’s decline so far. Several experts consider that the market is currently in a phase of correction. Moreover, growing political uncertainty is another reason for the decline of cryptocurrencies. Same Bitcoin is down nearly 20% since the start of the year. Currently, there are very few cryptocurrencies that are in the green, and that number is less than ten. Let’s take a look at the ten best performing cryptocurrencies in 2022 so far.


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Ten Best Performing Cryptocurrencies in 2022 So Far

We used YTD return data from the first two months, i.e. as of February 28, 2022 (from coinmarketcap.com), to rank the ten best performing cryptocurrencies in 2022. Here are the ten best performing cryptocurrencies in 2022 so far:

  1. USD coin (USDC: -0.06%)

Launched in September 2018, it is a stablecoin pegged to the US dollar on a 1:1 basis. Each unit of USDC is backed by $1 in reserve, which is a mix of cash and short-term US Treasury bonds. This crypto has risen almost 1% in the past 7 days and is currently trading around $0.9998. USDC has an all-time high of $2.35 (November 2021) and an all-time low of $0.9292 (March 2020).

  1. Tether (USDT: -0.02%)

It was originally launched in July 2014 as Realcoin, but was later renamed to USTether, then, finally, to USDT. USDT is a stablecoin that mirrors the price of the US dollar. This crypto has risen almost 1% in the past 7 days and is currently trading around $1. USDT has an all-time high of $1.22 (February 2015) and an all-time low of $0.5683 (March 2015).

  1. Pax Dollar (USDP: -0.02%)

Founded in September 2018, it is a flat-collateralized stablecoin. USDP are ERC-20 tokens that are collateralized 1:1 through USD held in US bank accounts owned by Paxos. This crypto has risen almost 1% in the past 7 days and is currently trading around $1. USDP has an all-time high of $2.02 (November 2021) and an all-time low of $0.8728 (March 2020).

  1. BitTorrent (BTT: 0.00%)

Released in February 2019, this crypto was launched on TRON’s own blockchain. Acquisition of the TRON blockchain platform BitTorrent in July 2018. BTT helps add more decentralized features to the platform. This crypto is down more than 10% in the past 7 days and is currently trading around $0.000001787. BTT has an all-time high of $0.000003054 (January 2022) and an all-time low of $0.000001691 (February 2022).

  1. Dai (DAI: 0.03%)

Launched in November 2019, it is an Ethereum-based stablecoin that is operated by the decentralized autonomous organization MakerDAO and the Maker Protocol. Its price is slightly indexed to the US dollar. This crypto is down almost 1% in the past 7 days and is currently trading around $1. AID has an all-time high of $3.67 (November 2021) and an all-time low of $0.9455 (May 2020).

  1. TrueUSD (TUSD: 0.11%)

Launched in January 2018, it is a US dollar stablecoin pegged to USD at 1:1. It is one of the cryptocurrencies managed by TrustToken, a real-world asset tokenization platform. This crypto has risen almost 1% in the past 7 days and is currently trading around $1. USD has an all-time high of $1.36 (May 2018) and an all-time low of $0.9179 (March 2020).

  1. TerraUSD (UST: 0.30%)

Launched in September 2020, it is a decentralized and algorithmic stablecoin of the Terra blockchain. UST meets the requirements of DeFi protocols and can be easily added to crypto wallets. This crypto has fallen by more than 1% in the last 7 days and is currently trading around $0.9921. The UST has an all-time high of $1.05 (January 2021) and an all-time low of $0.7929 (December 2020).

  1. Waves (WAVES: 13%)

Launched in June 2016, it is a versatile blockchain platform that supports multiple applications including DApps and smart contracts. WAVES tokens primarily help with standard payouts such as block rewards. This crypto has risen over 41% in the past 7 days and is currently trading around $23.81. WAVES has an all-time high of $41.33 (May 2021) and an all-time low of $0.1227 (August 2016).

  1. FTX Token (FTT: 14%)

Launched in May 2019, it is a native cryptocurrency of FTX, which is a crypto derivatives Exchange platform. FTTs are leveraged tokens that allow traders to place leveraged positions without the need to trade on margin. This crypto is down over 12% in the past 7 days and is currently trading around $40.51. FTT has an all-time high of $85.02 (September 2021) and an all-time low of $0.8313 (September 2019).

  1. UNUS SED LEO (LEO: 59%)

Launched in May 2019, it is a utility token used on the iFinex ecosystem. LEO is not designed to exist forever, and it helps Bitfinex users save money on trading fees. This crypto is down over 9% in the past 7 days and is currently trading around $5.49. LEO has an all-time high of $8.04 (February 2022) and an all-time low of $0.8036 (December 2019).