The old saying in the news business is “If it bleeds, it leads.” Bad news always overshadows the good. While there is no doubt 2022 was a rough year for the crypto industry that saw collapses and losses, grifters come and go, and a slew of regulators and central bankers who would just as soon see DeFi deconstructed, there were winners too.
After all, there is a sense of perspective needed here. As we noted in July, the
consumer price index for the 12 months ending June 2022 hit 9.1%. Meanwhile, between January 2020 and June 2022, Bitcoin went from about $8,150 to about $21,600, a 265% increase in value. And that was despite losing 60% of its value since October 2021. And by way of comparison, the S&P 500 during that same January 2020-to-June 2022 timeframe went from 3,235 to about 3,800, a 17% increase.
So as the year ends, Cointelegraph brings us the top 5 best performing cryptos of 2022, and here’s to a much better 2023.