EXMO’s quarterly crypto market overview is an analytical report with up-to-date information about cryptocurrencies.
The analytical snapshot presents 2022’s first quarter in review: 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.
During the reported quarter, the balances of most cryptocurrencies decreased, which was the result of their price drop against the dollar. Amid the market recovery in March, cryptocurrency balances grew by an average of 21%. Shiba Inu (SHIB), Solana (SOL) and Cardano (ADA) recorded the largest growth in balances – 23%, 22% and 18%, respectively.
Almost all cryptocurrencies suffered a loss in the first quarter of 2022, although growth resumed in February-March. Only the price of Bitcoin and XRP managed to recover to the level recorded at the beginning of the year. The largest price drops were recorded for Uniswap (UNI) and Solana (SOL).
TON (+27%), shiba inu (+25%), GMT token (+19%), iqeon (+18%) and GNY (+16%) had the highest growth rates in terms of the number of holders compared to the previous quarter. The ratio of cryptocurrencies to bitcoin, in terms of the number of holders, has hardly changed.
Bitcoin (BTC), XRP (XRP), Dogecoin (DOGE), Ethereum (ETH), Solana (SOLO), Exmo Coin (EXM), Tron (TRX), Litecoin (LTC), Cardano (ADA) and Ethereum Classic (ETC) 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.