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Top 10 Cryptocurrencies in Q2 2022
Author: changehero
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To nobody’s surprise, the quarter that saw crypto market plummet down, had no winners in the top-100. In these conditions, better performance sometimes means losing less. Without further ado, let’s review the top cryptocurrencies in Q2 2022 by performance.

Key Takeaways

Top 10 Cryptocurrencies in Q2 2022

Quant (QNT)

QNT price chart in Q2 2022
Source: CoinMarketCap

Starting with Quant’s native token QNT, which is down 61.56% from the end of Q1 2022. 

On April 1st, Quant was trading for the price of $137.97. At the quarter’s close, QNT price fell to only $53.03.

Over the course of Q2 2022, QNT was trading in a clearly defined downtrend without breaking the market trends. Overledger and Quant Network have been proceeding with business as usual, building without flashing in the headlines. Nevertheless, the token’s utility claims kept it afloat and let QNT become a top-10 performing cryptocurrency in Q2 2022.

Uniswap (UNI)

UNI price chart in Q2 2022
Source: CoinMarketCap

Uniswap’s governance token lost 55.54% in Q2 2022. On June 30th, UNI was trading for the price of $4.98.

A recent report from Messari highlighted general trends for the decentralized exchange that influenced it in Q2 2022. Overall, the trading volume in that period declined by 8.7% in comparison to Q1. Considering that the crypto market lost more than $1.3 trillion of market capitalization and the price of the underlying token sharply declined, this is a good sign. Due to stablecoins comprising a significant chunk of liquidity on Uniswap, it declined by 37% but not more. Decreasing prices also turned out healthy for trading fees.

At the start of Q3, in July, Uniswap and other decentralized exchanges were integrated to Coinbase. It is already showing promising results for the UNI price, liquidity and trading volumes.

FTX Token (FTT)

FTT price chart in Q2 2022
Source: CoinMarketCap

FTX Token fared slightly better, with a 51.42% loss in Q2 2022. On June 30th, FTX Token was trading for the price of $24.53, down from $50.49.

In Q2, FTX has surpassed Coinbase and is now the second largest centralized exchange by volume, according to CoinMarketCap. It seems to be a result of the success of the late 2021 marketing campaign which involved even Super Bowl. The rumors of FTX IPO are still up in the air, although now less likely than in Q1 — in other words, the exchange seems to be doing more than fine.

Binance Coin (BNB)

BNB price chart in Q2 2022
Source: CoinMarketCap

And speaking of exchange tokens, Binance Coin managed to close Q2 2022 with a 48.64% loss. On June 30th, Binance Coin had a price tag of $219.3.

In April and July, Q1 and Q2 quarterly auto-burns took place. On April 25, 1,839,786.26 BNB, or the equivalent of $741,840,738.874 USD, was removed from circulation. In July, based on chain performance in Q2, 1,959,595.29 BNB worth $622,031,710.979 were removed from circulation. In both of these events, amounts to burn took into consideration the BNB price and number of produced blocks.

As for the future, BNB users can look forward to the improvement of decentralization aspect of the platform. By Q3 2022, BNB Beacon Chain intends to onboard 41 validators and launch BNB Chain Application Sidechain.


OKB price chart in Q2 2022
Source: CoinMarketCap

On June 30th, OKB was trading for the price of $12.23. In comparison to the Q2’s opening, it lost 41.2%.

OKX, like FTX, seems to be defying the market downturn with the announcement of 1,500 new hires. Although it is dwarfed in trading volumes by the leading exchanges, it is one of the few long-standing players on the market that survived a couple of cycles.

Bitcoin Satoshi Vision (BSV)

BSV price chart in Q2 2022
Source: CoinMarketCap

Not far behind is Bitcoin Satoshi Vision, with a 41.39% loss in Q2 2022. It went from $94.56 to $55.42 during the 90 days.

The news of Craig Wright filing a lawsuit against Kraken and Coinbase certainly pose another element of uncertainty in the development of the coin. Thanks to listing on Huobi Japan, it managed to score relatively decent performance in July, at the time of another market-wide capitulation. In other words, while it does not show brilliant results, the coin still has the potential to surprise.

Gate Token (GT)

GT price chart in Q2 2022
Source: CoinMarketCap

A newer entry in the list, Gate Token lost about 38.38% in Q2 2022, going down from $6.67 to $4.11 by Jun 30, 2022.

There indeed seems to be a trend with exchange tokens performing better than the rest of the market., which is Gate Token is the utility token of, is a leading centralized exchange by the number of available markets. By Q2 2022, GateChain was used by several DeFi and NFT platforms, like Hipo Finance and NFT Magic Box.

Like other tokens, GT also has a buyback-and-burn program. 3,137,551.9545226 GT was burnt in Q2, valued around 17,713,077.142132 USDT.

The parent platform, underwent a rebranding in time of its ninth anniversary in May. The rebranding was not limited to a facelift, since there are also trendy GameFi and Web3 products to come to the ecosystem.


PAXG price chart in Q2 2022
Source: CoinMarketCap

Rather ironically, a gold-pegged stablecoin PAX Gold takes the bronze in our top by performance. Despite being decoupled from the crypto market, it also suffered some losses in Q2 2022. In comparison to $1,934.55 on Apr 1, 2022, it went down 6.19% by Jun 30, 2022, reaching $1,814.81.

PAX Gold, a stablecoin pegged to the price of gold, is an interesting example that demonstrates how the crypto market correlates with more traditional ones.


TRX price chart in Q2 2022
Source: CoinMarketCap

Another mainstay in the list is surprisingly Tronix, which shed only 2.75% of $0.07391 on Apr 1, 2022 by the end of Q2 2022.

In June 2022, TRON mainnet celebrated its fourth anniversary. Incidentally, according to TRONSCAN, on June 25, it broke a milestone of 100 million user accounts (addresses). Healthy on-chain growth metrics also seemed to soften the blow caused by selloffs.

The USDD stablecoin which was launched earlier this year was also a factor of uncertainty in Q2. It was criticized for being excessively similar to the failed algorithmic stablecoin UST, and in May USDD was also under the same kind of pressure that brought Terra down. Nevertheless, it managed to pull through without long-term damage to TRON after all.

Unus Sed Leo (LEO)

LEO price chart in Q2 2022
Source: CoinMarketCap

Finally, the winner by the performance in Q2 2022 is also in black. The Bitfinex utility token LEO recorded the lowest losses, ultimately performing even better than stablecoins. The difference between LEO price on Apr 1, 2022 and on Jun 30, 2022 is only 0.69% to the downside.

Yet another exchange utility token, LEO is a special case since it was a part of the reimbursement program. Now that the convicts behind laundering funds stolen from Bitfinex in 2016 have been apprehended, the buyback commitment made by iFinex is in full force.

Analysts are warning about buying into LEO at this point. Since the fundamentals behind the coin’s strong performance came into play all the way back in January, in Q3 it is prime for a correction. Of course, it is important to remember that all technical analysis operates with probabilities, and the crypto market can always surprise us.

How to Buy These Coins on ChangeHero?

Did any of these coins catch your eye? You can easily get QNT, BSV, FTT, OKB, BNB, UNI and TRX on ChangeHero:

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. And now, relax! We are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your coins are on the way to your wallet. We’ll be happy to hear your feedback if you enjoyed using ChangeHero.

Support team is available 24/7 in chat on our website, official Telegram group or through the email: [email protected].


The roundup of Q2 highlighted a curious trend in performance if crypto assets in a bear market. Projects with evident backing, large teams and media presence seem to have more trust from holders. These factors did not save these tokens from dumping together with the market but evidently seemed to soften the blow.

Feel free to learn more about these cryptocurrencies and other projects in our blog. For daily content, subscribe to ChangeHero on Twitter, Facebook, Reddit and Telegram.


What Coins Should I Buy for 2022?

Traders and holders seem to prefer coins and tokens that are backed by large companies and well-known teams. While it did not save Terra and Celsius from collapsing, the tokens in this list can fare well into the latter half of 2022. It is never a bad idea to hedge in stablecoins, though.

Is Bitcoin a Good Investment 2022?

As far as crypto investments are concerned, Bitcoin is always the relatively safest option. While in Q2 it lost more than any other altcoin reviewed in this article, it outperformed most other cryptocurrencies due to its relative lower volatility.

What is the next big Cryptocurrency to explode in 2022?

In Q3 2022, many of these altcoins are already going on relief rallies. It looks like the massive correction will end some time in that period, and we will see explosive performance from the most unexpected assets.