Even if Bitcoin, Ethereum and Dog Coin miss the market revenue, the DeFi token will soar by 102% in 2022
As 2022 draws to a close, it is clear that the native token GMX of the decentralized crypto exchange
GMX/USD
According to the data of Benzinga Pro, the largest increase was more than 102%, and the transaction price was $45.
What Happened: Apex Encrypted Bitcoin
Bitcoin/USD
-0.60%
, Ethereum
Ether/USD
-1.48%
Ether/USD
Ethereum
$ 1193.20
-17.62
( -1.48% )
Market value: 143.855B
Volume: 11.02B
Date range: 1431.02 - 1507.83
More about
ETH/USD
And dog coins
Governor/USD
-3.16%
It did not even enter the list of top 100 winners calculated by market value at 2:30 a.m. EDT on December 26.
The biggest loser: Terra Luna Classic
Lennac/USD
-12.8%
The value has been hit by an astonishing 100%.
Luna's encryption crash is unprecedented because of its connection with TerraUSD (UST), which is the algorithm stable currency on Terra's network. On May 7, the pledge of more than US $2 billion of UST was cancelled (removed from the anchoring agreement). This chain reaction led to the rapid liquidation of hundreds of millions of Luna tokens.
The second place is Solana
Sol/USD
-10.3%
, which is associated with the blockchain supported by Sam Bankman Fried. Since the beginning of 2022, it has decreased by more than 94.1%. Solana, once known as the killer of Ethereum, has been plagued by multiple interruptions and large-scale hacker attacks in recent months.
One of the main reasons for the decline of SOL price is the collapse of FTX. After Bankman Fried declared bankruptcy and resigned as CEO of this troubled company, some digital assets related to FTX and Alameda Research were significantly affected.
The sudden departure caused a chain reaction of a series of events, dragging down the price of many tokens.
Axis infinite
AXS/USD
-4.91%
In 2022, it will plummet by 93%, becoming the third largest loser. This is largely due to the fact that millions of acquired tokens are about to be unlocked, which has triggered concern about a large number of selling in the market. However, data from DappRadar also shows that interaction with the game has decreased.
Sandbox
Sand/USD
-5.07%
And Filecoin
Fiji/USD
-0.93%
They fell to the 4th and 5th place respectively, with a drop of more than 93.5% and 92%.