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Crypto market snapshot for Q3 2022: recovery of altcoins and crypto market cap growth

EXMO’s quarterly crypto market overview is an analytical report with up-to-date information about cryptocurrencies.

In the crypto market review for Q3 2022, you will find data on the crypto market capitalisation, trading volumes, gainers and losers, as well as the correlation between cryptocurrencies and public companies by month and for the entire quarter.

  • In the third quarter of 2022, crypto market capitalisation grew by 11%. Market growth was driven by altcoins, while bitcoin closed the quarter with a small loss.
  • The position of the crypto market against the largest public companies did not change significantly. In terms of market cap, it was beaten by Apple, Saudi Aramco, Microsoft, Alphabet and Amazon.
  • Quarterly trading volumes decreased by almost 16% compared to the previous period. Monthly trading volumes have remained almost unchanged since June 2022.
  • Market sentiments were more positive than in the previous quarter. The Cryptocurrency Fear & Greed Index mostly fluctuated between the “Fear” and “Extreme Fear” zones.

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In the third quarter, user balances of most cryptocurrencies decreased. The balance of XRP (XRP) decreased by 8% with the coin’s price growing by 51%. Uniswap (UNI) balance fell by 19% at + 30% price growth, Chainlink (LINK) – by 20% at + 23% and Ethereum (ETH) – by 4.5% at +25%. Solana (SOL) was the most notable exception with a 38% balance growth, although its ROI was less than 2%.

Top 10 cryptocurrencies by balance

Bitcoin (BTC), Ethereum (ETH), Tether (USDT), XRP (XRP), Ethereum Classic (ETC), Dogecoin (DOGE), Ton (TONCOIN), EXMO Coin (EXM), Litecoin (LTC) and Cardano (ADA) hit the top 10 cryptocurrency list in terms of user balances, at the end of the quarter.

The third quarter turned out to be positive for many cryptocurrencies. The median value of ROI for the assets under consideration was 2%. The most considerable ROI increase was observed in July when the median return for the month was 13.2%. XRP (XRP) recorded the highest ROI growth: +51.2%, while Dogecoin (DOGE) suffered the largest loss of -8.7%.

The number of NEAR (NEAR) holders grew the most during the reported quarter – by 9.4%. Decred (DCR) and Maker (MKR) lost the most holders – 12.3% and 11.8%, respectively. They are followed by Wirex (WXT) with a 11.2% loss.

Top 10 cryptocurrencies by the number of holders

Bitcoin (BTC), XRP (XRP), Ethereum (ETH), Dogecoin (DOGE), EXMO Coin (EXM), Tron (TRX), Litecoin (LTC), Cardano (ADA), Litecoin (LTC) and Stellar Lumen (XLM) hit the top 10 cryptocurrency list in terms of the number of holders, at the end of the quarter.

This is a short summary of the key quarterly outcomes. Read the full version in the Crypto market analytical snapshot.

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