CoinGecko: Bitcoin Is The Worst-performing Asset among Major Assets By CoinEdition
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© Reuters. CoinGecko: Bitcoin Is The Worst-performing Asset among Major Assets- CoinGecko’s market report showed that BTC performed worse than other assets.
- DeFi tokens, excluding stablecoins and wrapped tokens, plummeted by 72.9%.
- OpenSea’s market share dropped to 65.4% during the NFT winter.
According to an annual crypto industry report published today by the market tracking platform, CoinGecko, the most popular coin, (BTC), was the worst-performing investment among significant assets like and the US dollar.
CoinGecko also noted that in 2022 the market cap of DeFi tokens, excluding stablecoins and wrapped tokens, plummeted 72.9% and saw derivatives surpass yield aggregators in market share. It added that stablecoins shed $27.3 billion despite an increased dominance.
Nonetheless, according to the market tracker, USDC and BUSD’s market value grew despite the overall market condition. At the start of 2022, BUSD was 16 on the ranking of top coins with a $14.6 billion market cap, and USDC ranked 7 with over $42 billion. Interestingly, both coins have moved up the ranking with significant increases in market share.
CoinGecko also …
The post CoinGecko: Bitcoin Is The Worst-performing Asset among Major Assets appeared first on Coin Edition.
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© Reuters. CoinGecko: Bitcoin Is The Worst-performing Asset among Major Assets- CoinGecko’s market report showed that BTC performed worse than other assets.
- DeFi tokens, excluding stablecoins and wrapped tokens, plummeted by 72.9%.
- OpenSea’s market share dropped to 65.4% during the NFT winter.
According to an annual crypto industry report published today by the market tracking platform, CoinGecko, the most popular coin, (BTC), was the worst-performing investment among significant assets like and the US dollar.
CoinGecko also noted that in 2022 the market cap of DeFi tokens, excluding stablecoins and wrapped tokens, plummeted 72.9% and saw derivatives surpass yield aggregators in market share. It added that stablecoins shed $27.3 billion despite an increased dominance.
Nonetheless, according to the market tracker, USDC and BUSD’s market value grew despite the overall market condition. At the start of 2022, BUSD was 16 on the ranking of top coins with a $14.6 billion market cap, and USDC ranked 7 with over $42 billion. Interestingly, both coins have moved up the ranking with significant increases in market share.
CoinGecko also …
The post CoinGecko: Bitcoin Is The Worst-performing Asset among Major Assets appeared first on Coin Edition.
See original on CoinEdition
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