In 2022, due to increasing interest rates and bankrupt enterprises worldwide. cryptocurrencies It’s been pretty tough for him. The total market capitalization of cryptocurrencies fell 65% in a year to $ 755 billion.
While the crypto market is shrinking, a few of the top 100 cryptocurrencies have managed to increase their share of the market pie unlike the others. Among the cryptocurrencies that closed 2022 positively, there are two stablecoin and one NFT The collection has altcoins.
Backed by the largest crypto exchange Binance, the dollar-indexed stablecoin BUSD increased its market share by 16% throughout the year. Thus, the total market capitalization of BUSD has increased to $16.7 billion. Binance’s removal of some stablecoin trading pairs in the last quarter of the year BUSD directed to use.
Currency of another stablecoin issuer, Circle USDC, grew 5% in 2022, raising its market value to $44.6 billion. USDC; It ranks fourth after BTC, ETH and USDT in cryptocurrencies by market capitalization.
ApeCoin’s Star Shine
Bored Ape Yacht Club (BAYC) released by collectors ApeCoin Although it seems to have lost since the day it started trading in major markets, it became the winner of the year based on the beginning of the year.
According to research data, although the price of ApeCoin fell, its total market cap increased by 38% to $1.3 billion.
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