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These are the 10 best performing cryptocurrencies in July 2022 – ValueWalk

These are the 10 best performing cryptocurrencies in July 2022
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After a dismal performance in the first half of 2022, July offered some respite for crypto investors. Several digital tokens had their best performances in the past month, including Bitcoin (gained around 20%) in July and Ethereum (gained more than 60%). Several factors contributed to this rally in the crypto market, including easing inflation concerns, picking up investor risk appetite, and more. Let’s take a look at the top 10 performing cryptocurrencies in July 2022.

Ten Best Performing Cryptocurrencies in July 2022

We used monthly return data from coinmarketcap.com to find the top 10 performing cryptocurrencies in July 2022. For the list, we only considered cryptocurrencies with a market capitalization of over $400 million. dollars (as of July 31, 2022).

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  1. Uniswap (UNI, 72%)

Launched in November 2018, it is a decentralized trading protocol that aims to keep token trading automated and completely open to anyone holding tokens. As of this writing, UNI is trading at $9.27, giving it a market capitalization of over $6.30 billion. UNI is down nearly 51% year-to-date, but is up more than 9% in the past 90 days. It has an all-time high of $44.97 (March 2021) and an all-time low of $0.419 (September 2020).

  1. Aave (AAVE, 76%)

Launched in November 2017, it is a decentralized finance protocol that makes it easy to buy and lend crypto. As of this writing, AAVE is trading at $97.65, giving it a market capitalization of over $1.30 billion. AAVE is down more than 63% year-to-date and nearly 39% in the past 90 days. It has an all-time high of $666.86 (May 2021).

  1. Curve DAO Token (CRV, 79%)

Launched in January 2020, it is a decentralized stablecoin exchange that uses AMM (automated market maker) to manage liquidity. As of this writing, CRV is trading at $1.41, giving it a market capitalization of over $720 million. CRV is down nearly 78% year-to-date and nearly 47% in the past 90 days. It has an all-time high of $60.50 (August 2020) and an all-time low of $0.3316 (October 2020).

  1. Convex finance (CVX, 84%)

It is a DeFi protocol that allows Curve liquidity providers to earn a portion of trading fees on Curve without staking liquidity. Convex Finance’s unique incentive structure is its greatest strength. As of this writing, CVX is trading at $6.97, giving it a market capitalization of over $460 million. CVX is down over 86% year-to-date and over 72% in the past 90 days. It has an all-time high of $62.69 (January 2022) and an all-time low of $1.88 (July 2021).

  1. Filecoin (FIL, 90%)

Launched in 2020, it is a decentralized peer-to-peer storage network that records commitments made by network participants who use FIL for transactions on the network. As of this writing, FIL was trading at $8.45, giving it a market capitalization of over $2.13 billion. FIL is down over 76% year-to-date and over 44% in the past 90 days. It has an all-time high of $237.24 (April 2021) and an all-time low of $1.83 (August 2019).

  1. Quantity (QNT, 95%)

Launched in June 2018, it aims to connect blockchains and networks without compromising network efficiency and interoperability. As of this writing, QNT is trading at $104.63, giving it a market capitalization of over $1.20 billion. QNT is down more than 41% since the start of the year, but has risen almost 4% in the past 90 days. It has an all-time high of $428.38 (September 2021) and an all-time low of $0.1636 (August 2018).

  1. Bitcoin Gold (BTG, 98%)

Founded in 2017, it is a user-friendly alternative to Bitcoin. It combines the security and robustness of the Bitcoin blockchain with the possibility of experimentation and development. As of this writing, BTG is trading at $30.55, giving it a market capitalization of over $530 million. BTG is down more than 26% year-to-date and more than 1% in the past 90 days. It has an all-time high of $539.72 (October 2017) and an all-time low of $2.54 (November 2022).

  1. Polygon (MATIC, 99%)

Launched in October 2017, it is an easy-to-use platform for Ethereum scaling and infrastructure development. It was previously known as Matic Network. As of this writing, MATIC is trading at $0.9107, giving it a market capitalization of over $7.20 billion. MATIC is down nearly 65% ​​year-to-date and nearly 21% in the past 90 days. It has an all-time high of $2.92 (December 2021) and an all-time low of $0.003012 (May 2019).

  1. Classic Ethereum (ETC, 157%)

Launched in 2016, it is a hard fork of Ethereum (ETH) that functions as a network of smart contracts. It has the ability to host and support decentralized applications (DApps). At the time of this writing, ETC was trading at $37.54, giving it a market capitalization of over $5.10 billion. ETC is up more than 7% year-to-date and nearly 21% over the past 90 days. It has an all-time high of $176.16 (May 2021) and an all-time low of $0.4524 (July 2016).

  1. Lido DAO (LDO, 376%)

Launched in 2020, it is a staking solution for Ethereum that allows users to stake their ETH (with no minimum deposit) while participating in on-chain activities. As of this writing, LDO is trading at $2.35, giving it a market capitalization of over $730 million. LDO is down nearly 37% year-to-date and nearly 27% over the past 90 days. It has an all-time high of $18.62 (November 2021) and an all-time low of $0.406 (June 2022).

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