These were the 10 best-performing cryptocurrencies in August 2022 – ValueWalk | Jewelry Dukan

These were the 10 best performing cryptocurrencies in August 2022
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August was another difficult month for cryptocurrencies. Concerns about inflation and rising interest rates put pressure on risky assets, pushing Bitcoin and Ethereum prices lower.

Bitcoin is down about 14% over the past month and is down about 58% year-to-date, while Ethereum prices are down more than 7% in August and 59% in 2022.

Still, some popular cryptocurrencies have offered decent returns over the past month. Let’s take a look at the 10 best performing cryptocurrencies in August 2022.

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The 10 best performing cryptocurrencies in August 2022

We took August cryptocurrency returns data from coinmarketcap.com to determine the top 10 performing cryptocurrencies in August 2022.

For the list, we only considered cryptocurrencies with a market cap greater than $400 million (as of September 1, 2022).

10. Shiba Inu (SHIB, 3%)

It was created anonymously in August 2020 and aims to be an Ethereum-based alternative to Dogecoin (DOGE). Its token supports projects like an NFT art incubator.

As of this writing, SHIB is trading at $0.00001216, giving it a market cap of more than $6.60 billion. It has an all-time high of $0.00008845 (October 2021) and an all-time low of $0.000000000082 (September 2020).

9. PancakeSwap (CAKE, 6%)

Launched in September 2020, it is a DeFi (decentralized finance) app that allows holders to exchange tokens, provide liquidity through farming and earn fees in return.

As of this writing, CAKE is trading at $3.98, which represents a market cap of more than $550 million. It has an all-time high of $44.18 (April 2021) and an all-time low of $0.0002318 (September 2020).

8. Huobi Token (HT, 7%)

Launched in 2018, it is the native currency of Huobi Global, a cryptocurrency exchange. It has several features including reducing commissions on trades. As of this writing, HT is trading at $4.61, which represents a market cap of more than $700 million. It has an all-time high of $39.81 (May 2021) and an all-time low of $0.8903 (January 2019).

7. eCash (XEC, 8%)

It is intended to be a means of payment that people can use to pay for goods and services. XEC is down over 63% year-to-date and over 22% in the last 90 days.

As of this writing, XEC is trading at $0.00004084, giving it a market cap of more than $770 million. It has an all-time high of $0.0005926 (November 2021) and an all-time low of $0.0000173 (June 2021).

6. Flow (FLOW, 8%)

It is a fast, decentralized and developer-friendly blockchain. Flow’s native currency is a cornerstone for a new, inclusive and borderless digital economy. FLOW is down over 80% year-to-date and nearly 25% over the past 90 days.

As of this writing, FLOW is trading at $1.82, which represents a market cap of more than $1.80 billion. It has an all-time high of $46.16 (April 2021) and an all-time low of $1.17 (June 2022).

5. UNUSED LEO (LEO, 15%)

Launched in 2019, it is a utility token used across the iFinex ecosystem that allows Bitfinex users to save money on trading fees. LEO is up nearly 37% year-to-date but down nearly 4% over the past 90 days.

As of this writing, LEO is trading at $5.19, which represents a market cap of more than $4.90 billion. It has an all-time high of $8.04 (February 2022) and an all-time low of $0.8036 (December 2019).

4. Cosmos (ATOM, 18%)

It was launched in 2017 and aims to provide an antidote to “slow, expensive, non-scalable, and polluting” proof-of-work protocols. ATOM is down nearly 67% year to date but is up over 34% over the past 90 days.

As of this writing, ATOM is trading at $12.03, which represents a market cap of more than $3.40 billion. It has an all-time high of $44.70 (September 2021) and an all-time low of $1.13 (March 2020).

3. EOS (EOS, 24%)

It is an open-source blockchain platform that allows developers to build projects that other blockchains cannot support. EOS is down over 50% year to date but is up over 24% over the past 90 days.

As of this writing, EOS is trading at $1.54, which represents a market cap of more than $1.50 billion. It has an all-time high of $22.89 (April 2018) and an all-time low of $0.4802 (October 2017).

2. Nexo (Nexo, 49%)

Launched in 2018, it is a blockchain-based lending platform that offers users instant cryptocurrency-backed lending. Its native token, NEXO, offers users multiple benefits including rebates, dividends from Nexo’s profits, and more. NEXO is down nearly 67% year-to-date and over 28% over the past 90 days.

As of this writing, NEXO is trading at $0.8726, which is a market cap of more than $480 million. It has an all-time high of $4.63 (November 2021) and an all-time low of $0.04333 (September 2018).

1. Chiliz (CHZ, 53%)

Founded in 2017, it is a digital currency for sports and entertainment. It’s a fan token that helps connect fans and generate new revenue streams. CHZ is down over 36% year-to-date but is up nearly 56% over the past 90 days.

As of this writing, CHZ is trading at $0.188, which is a market cap of more than $1.12 billion. It has an all-time high of $0.8915 (March 2021) and an all-time low of $0.004001 (September 2019).

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