We are approaching the end of the year and it is a good time to look back and see which have been the most profitable cryptocurrencies of 2022. Twelve months in which the crypto market has gone a long way towards global adoption thanks, above all , to the profits that the vast majority of its assets have generated, with Bitcoin and Ethereum surpassing their all-time highs and presenting +74.40% and +504.65% respectively. Money calls money.
The emerging decentralized economy is a universe where everything is going so fast that in a single year we have been able to experience different outbreaks: from DeFi (decentralized finance), which was already coming from 2021, to NFTs, GameFi, with Play-to games. -Earn as the spearhead, and the metaverses, which have been the last to star in spectacular increases in their prices.
The fixed photo of the year, however, in addition to clearly reflecting these latest trends, makes clear the rise of the so-called “Ethereum killers”, that is, those projects that are considered to be in direct competition with Ethereum, the dominant blockchain in terms of smart contracts and on whose ERC-20 protocol an infinite number of tokens pivot.
And it is that despite the fact that the platform created by Vitalik Buterin has had an exceptional year in terms of the price of its native cryptocurrency -Ether- the truth is that the high commissions of its network are pushing many new projects and users to the use of other cheaper, faster and scalable alternatives.
Once this context has been briefly explained, here is the list of the 10 cryptocurrencies or tokens that, to date, have experienced the highest percentage of price growth so far this year, according to the data available at CoinMarketCap, the main Crypto asset price monitoring reference website:
Gala (GALA), with 50087.70%
Axie Infinity (AXIE), with 18193.73%
The Sandbox (SAND), with 15243.55%
Polygon (MATIC), with 13180.26%
Solana (SOL), with 10942.30%
Terra (LUNA), with 10420.30%
Fantom (FTM), with 9716.16%
Kadena (KDA), with 8431.90%
Decentraland (MANA), with 4787.84%
Harmony (ONE), with 4474.27%
As a curious and revealing fact, removing the stablecoins, whose price fluctuations are minimal as they are “glued” to the dollar, only two of the thousands of cryptocurrencies that exist have shown losses so far this year: NEM (XEM), with a -37.59%, and Bitcoin SV (BSV), with -6.96%.
In the absence of seeing the performance of crypto assets in the remainder of December, after the notable market correction suffered this weekend, experts predict the final explosion of the ongoing bullish cycle for the first four months of 2023, before the “bull run” gives way to what is known as “crypto winter” or “bear market”, a stage of bearish trend in which sustained falls in prices would be seen for a long time.