Ethereum and Ethereum Classic, the big winners of the month

June 2022 is behind us and it seems that traders and investors have been able to avoid an avalanche of disasters in this crypto winter month compared to the previous month. As a reminder, the crypto market suffered a significant decline in June, with all top 10 cryptocurrencies by market cap posting double-digit percentage losses. The two main cryptocurrencies in the market, Bitcoin (BTC) and Ethereum (ETH), had a weaker performance than in May. June was the worst month ever for BTC with a 40% drop.

Source: AdobeStock/lzf

Still, after the initial shock of the market crash and the many questions surrounding companies such as Earth (LUNA), Three arrows capital, Celsius network (CEL), Travel digitally, BlockFiand others, the market finally saw a green month.

The performances of the top 10 during the month of July

Source:, 3:44 UTC

An examination of the top ten crypto assets by market cap clearly shows that July was a predominantly green month. All assets – except one – saw double-digit increases (not including stablecoins).

The clear winner of the month is ETH, up over 58%. It should be noted that the month saw the confirmation of a likely date for the merger, where the blockchain will move from the current Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). This event is scheduled for September.

ETH is followed by BNB, the exchange’s native token Binance, which rose 30%, as well as Solana (SOL) and its increase of 29%. This is followed by XRP and BTC, both of which are up more than 19% in the past month.

Finally, the most recent double-digit increase of almost 15% is Cardano (ADA), while the only token that is up less than 10% is Dogecoin (DOGE).

The best performers in the top 50 in July

Source:, 3:44 UTC

This trend in green has won the top 50 by market cap, with the big winner this month being Ethereum classic (ETH), which rose nearly 150% in July. This performance is no doubt related to the rumors circulating that some Ethereum miners may switch to Ethereum Classic after the transition from Ethereum to PoS. In addition, mining pool AntPool confirmed in late July that it had invested $10 million to support the Ethereum Classic ecosystem and plans to continue investing more.

Second on the list is Filecoin (FIL), which also rose over 100%, and while Polygon (matic) and Quant (QNT) rose over 90%, Aave (AAVE) and Uniswap (UNI) remained in the 72%-75% zone.

As for the other cryptocurrencies on this list, they all appreciated between 52% and 59%, while the only top 10 coin included here is ETH.

The worst results in the top 50 in July

Source:, 3:44 UTC

Observing the red-green ratio in the top 50 is still one of the best ways to study how asset prices have moved in the month behind us.

In fact, today we see a situation that is diametrically opposed to the situation exactly one month ago. Only one asset ended July in the red in this category, and that was LEO, a utility token issued by Bitfinex. Interestingly, this was the best performing token for the month of June.

The best and worst of the top 100 in June

Many cryptocurrencies ended July green in the top 100 by market capitalization. The first place is occupied by the DAO lido (LDO) token, which registered a monthly increase of 365%. Lido Finance made the news in July with its plans to expand its services to various Ethereum Layer 2 scaling solutions. However, he also presented a proposal which proved unacceptable to the community, which voted against selling 10 million. LDO tokens for the crypto investment firm Dragonfly Capital for 14.5 m DAI. The team quickly came back with another, “more suitable” proposal.

LDO is followed by ETC, FIL and MATIC, which have already been mentioned. The second part of the top ten performers in the top 100 includes Bitcoin Gold (BTG), QNT, Curve DAO token (CRV) and Convex finance (CVX), up 95-80%. Last on the list is CEL, which despite the mess Celsius found itself in, managed to end July up 79%.

Excluding stablecoins, there were only four assets in the red among the 100. Huobi (HT) token is in sixth place with a decrease of 3%, LEO is in third place, Terra classic (LUNC) is in second place with a decrease of 17%, and on first place is Tenset (10SET) with a fall of 17%.

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