While 2022 was the second worst year in crypto history, the difficult conditions have not affected all cryptocurrencies in equal measure.
While some coins are ending the year in the red zone after shedding more than 50% of their value since their recent all-time highs, others have managed to defy the trend and are closing the year in the green zone.
On CoinGecko, one of the leading asset trackers in the industry, we can see some of the best-performing coins with the largest gains based on price movements in 2022.
1.) Nest Protocol ($NEST) – 243%
In 2022, the $NEST token experienced an impressive price performance of 243%, which can be attributed to its focus on innovation and decentralization, making it the largest gainer of the year.
The token, powering the Nest Protocol, governs the platform and rewards community members for their contributions.
Nest Protocol includes the NEST oracle, Omnipotent market maker (OMM) mechanism, Probabilistic Virtual Machine (PVM), random information tokenization, and the $NEST coin.
2.) Trust Wallet ($TWT) – 129.5%
$TWT has appreciated by 129.5% in 2022.
The token’s surge can be traced backed to November 2022 after the FTX collapse caused a bank run where investors cashed out their assets from exchanges en masse, when Binance CEO, CZ, tweeted his support for Trust Wallet as a self-custody solution.
Trust Wallet is a Web3 wallet that allows users to store, manage, and transfer various digital assets across several blockchains, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- BNB
- NFTs
3.) GMX ($GMX) – 113.9%
GMX facilitates the decentralized trading of perpetual futures on various assets with almost 30x leverage on Arbitrum and BNB Smart Chain.
4.) Shardus ($ULT) – 83.6%
Shardus has created decentralized ledger software to solve the problems of first-generation blockchains – scalability, decentralization, and efficiency.
It leverages compute and state sharding to accommodate a broad user base and empower global-scale distributed networks.
5.) PlatonCoin ($PLTC) – 60.8%
PlatonCoin is a digital currency that is part of the Platon Life ecosystem where users can buy and sell with $PLTC.
PLTC offers users an insured digital wallet, offering users insurance of up to EUR 1 million against theft, depending on their membership level.
It offers users the chance to stake their $PLTC for passive income. Besides, you can use $PLTC to purchase items from partner stores and participate in actions for luxury brand items.
6.) SSV Network ($SSV) – 43.5%
SSV Network is a decentralized staking protocol that facilitates the decentralized functioning of Ethereum validators.
It works by splitting a validator key among over 3 non-trusting nodes. The nodes are mutually required to perform the validator roles through a proof-of-stake (PoS) mechanism.
Generally, SSV Network turns a validator key into a multisig concept controlled by a consensus layer.
7.) Gains Network ($GNS) – 27.1%
Gains Network is a decentralized trading protocol that enables you to profit by predicting the prices of assets.
Your profits or losses are amplified since the network provides high leverage devoid of funding charges – you indirectly borrow leverage, meaning your profits / losses are your own.
According to CoinGecko, the network boasts the biggest trading pairs ensuring flexibility and user choice in its decentralized leverage products.
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