Crypto's 'best' performers during 2022's market washout
source link: https://finance.yahoo.com/news/crypto-best-token-2022-143534202.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
have been under pressure
Crypto's 'best' performers during 2022's market washout
Crypto holders had a rough ride in 2022.
At the start of the year, the collective market cap of cryptocurrencies worldwide stood at $2.2 trillion. As the year ends, that figures stands at just below $800 billion.
The industry's euphoric highs of last year descended into a bear market of epic proportions, leaving many of the industry's major players in collapse. Or worse.
The plunge in crypto prices started with central banks cutting the cord on easy money policies, which dragged down risky assets first, and the problems multiplied from there — accounts were frozen, bankruptcies declared, frauds uncovered.
As Yahoo Finance's Jared Blikre pointed out, whether in spite of crypto’s epic swoon or because of it, Yahoo Finance's bitcoin (BTC-USD) quote page took the eighth spot on this year's top trending ticker page behind major stock indices like the S&P 500, Dow, and Nasdaq, and three megacap stocks: Tesla, Apple, and Amazon.
In 2021, cryptocurrencies powering Layer-1 tokens such as ethereum (ETH-USD), Avalanche (AVAX-USD), Solana (SOL-USD), Polygon (MATIC-USD), and Cosmos (ATOM-USD) stole the show.
This year that battle for outlandish returns whittled down to a competition for least bad losses. And the results are more of a grab bag of cryptocurrencies rather than reflecting a clear theme on the industry's progress.
Ethereum (-68% YTD)
After outperforming bitcoin by 355% last year, ether (ETH-USD) came in as the 10th-best performing cryptocurrency in 2022, falling just less than 70% this year.
Despite its performance, the second-largest cryptocurrency pulled off the Merge upgrade in mid-September, transitioning to proof-of-stake from proof-of-work, which proved to be one of the industry's few success stories in 2022.
The technological feat has also freed Ethereum core developers to dive into other initiatives meant to improve the protocol's transaction scaling, privacy, and use as a financial layer.
Yahoo FinanceA final dispatch from editor-in-chief Andy Serwer
Some thoughts on the year and years behind and ahead.
2d ago
Motley FoolMy Best Cryptocurrency to Buy Right Now
Bitcoin has the best risk-reward profile of any of the major cryptocurrencies, making it a great rebound candidate in 2023.
20h ago
BloombergXi Warns of Tough Covid Fight, Acknowledges Divisions in China
(Bloomberg) -- President Xi Jinping said tough challenges remain in China’s fight against Covid-19 and acknowledged divisions in society that led to rare spontaneous protests, after weeks of silence on a virus policy pivot that’s infected hundreds of millions and delivered a severe blow to economic activity.Most Read from BloombergElon Musk Becomes First Person Ever to Lose $200 BillionXi Warns of Tough Covid Fight, Acknowledges Divisions in ChinaTesla Kicks Off New Year in China by Extending In
6h ago
ReutersGlobal economy faces tougher year in 2023, IMF's Georgieva warns
(Reuters) -For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be "tougher than the year we leave behind," IMF Managing Director Kristalina Georgieva said on the CBS Sunday morning news program "Face the Nation." In October, the IMF cut its outlook for global economic growth in 2023, reflecting the continuing drag from the war in Ukraine as well as inflation pressures and the high interest rates engineered by central banks like the U.S. Federal Reserve aimed at bringing those price pressures to heel.
14h ago
Indiewire17 HBO and HBO Max Original Series to Get Excited About in 2023
New seasons of "Succession" and "True Detective" highlight HBO's returning class, while freshman series like "The Last of Us" look to leave their mark.
2d ago
The Economist2023 will bring the true test of the West’s oil-war tactics
Oil prices have sunk to pre-war levels. They are unlikely to remain there
18h ago
Motley Fool2 Once-in-a-Decade Buying Opportunities to Take Advantage of to Start 2023
This reality makes the current market, abundant with discounted stocks across all sectors, a particularly attractive opportunity for investors with the cash on hand to continue building out their portfolios. Pinterest (NYSE: PINS) has witnessed a slowdown in growth in recent quarters as unfavorable comparisons to the height of the pandemic, a pullback in advertiser spending, ongoing investments to build out its long-term business potential, and ongoing foreign currency weaknesses have impacted its top and bottom lines. It's also important to note that even as global monthly active user growth has been more muted in recent quarters, Pinterest is still monetizing its active user base incredibly well.
1d ago
Simply Wall St.Loss-Making Bowen Coking Coal Limited (ASX:BCB) Set To Breakeven
With the business potentially at an important milestone, we thought we'd take a closer look at Bowen Coking Coal...
3h ago
BloombergIsrael May Kick Off Year by Hiking Rate to 2008 Level: Day Guide
(Bloomberg) -- Most Read from BloombergElon Musk Becomes First Person Ever to Lose $200 BillionXi Warns of Tough Covid Fight, Acknowledges Divisions in ChinaTesla Kicks Off New Year in China by Extending Incentive OffersPhilippines Restores Air Traffic Control After Power OutageIsrael is poised to increase interest rates to their highest level since 2008 on Monday, leading global central banks expected to extend a monetary tightening cycle to tackle faster inflation.The Bank of Israel will likel
1h ago
Forkast NewsMarkets: Bitcoin, Ethereum up, Cardano leads gains
Bitcoin and Ethereum prices were little changed on Monday morning in Asia along with most non-stablecoin top 10 cryptocurrencies by market capitalization. Cardano led gains with 1.65% while BNB lost most with 0.96%.
5h ago
Barrons.comTesla Deliveries Are Coming. Here’s What to Expect.
STOCK ALERT Tesla investors had a rocky 2022. They hope to start out 2023 with a bang. Tesla (ticker: TSLA) is due to report quarterly deliveries Monday. Tesla typically reports delivery and production figures on the second day of a new quarter.
14h ago
SmartAssetHow a Cash Windfall Could Affect Your Retirement
The windfall elimination provision (WEP) reduces Social Security benefits for certain employees who may be double-dipping on a pension.
16h ago
Motley FoolBuying These 3 Dirt Cheap Warren Buffett Dividend Stocks Could Be a Genius Move In 2023
Berkshire Hathaway's portfolio can be a useful resource for finding quality companies at a good value.
2d ago
TipRanksTipRanks ‘Perfect 10’ List: These Semiconductor Stocks Tick All the Boxes
The Horrible Year, 2022, is behind us now, fading into the rear-view mirror of memory and good riddance. Markets fell hard over the past 12 months, with a 19% drop in the S&P 500 and a 33% collapse in the tech-oriented NASDAQ. But the indexes are averages – and the losses, however broad-based, don’t mean that every individual stock is facing hard times or further losses ahead. We can get a handle on those stocks with solid prospects, but we’ll need a tool to sort through the accumulated reams of
16h ago
MoneyWiseBecome Uncle Sam's landlord: Earn yields up to 16.4% with these REITs that rent to the US government
We all pay taxes. So why not get some of that money back?
2d ago
Motley FoolNasdaq Bear Market: 1 Supercharged Growth Stock to Buy Like There's No Tomorrow
This disruptive company has been mauled by 2022's bear market, but it's setting the stage for a massive rebound.
17h ago
Barrons.comNIO, Li, XPeng Deliveries Offer Good News to Start 2023
Chinese EV makers NIO Li Auto and XPeng capped a wild year with strong delivery results in December. The three EV makers combined to deliver 48,340 vehicles, up about 19% year over year and the highest monthly total ever. Li (ticker: LI) led the way with 21,233 deliveries, up about 51% year over year.
14h ago
MarketWatchI’m 68, my husband is terminally ill, and his $3 million estate will go to his son. I want to spend the rest of my days traveling — will I have enough money?
First, develop a plan (some might call it a budget), said Robert Gilliland, managing director and senior wealth adviser at Concenture Wealth Management. Take into consideration every single possible expense you anticipate after your husband dies, and account for inflation as well. You can break these expenses down into the short term, such as one to five years, the intermediate term, which would be the six- to 10-year span, and the long term, or beyond 10 years.
1d ago
Motley Fool2 Remarkable Growth Stocks Down 92% and 97% to Buy Before the Next Bull Market
These stocks could rebound once investors start to feel more confident in the direction of the economy.
19h ago
MarketWatchThe stock market has been range-bound. Don’t expect that to last long in 2023.
The U.S. stock market, as measured by the S&P 500 Index (SPX) has struggled this week overall, during what is typically a seasonally bullish period. Typically, SPX rallies a little over 1% during that time period. The SPX chart itself has resistance at 3900-3940, after the breakdown below 3900 in mid-December.
2d ago
</div
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK