These are the 10 best performing cryptocurrencies in August 2022

August was another tough month for cryptocurrencies. Concerns about inflation and rising interest rates put pressure on risky assets, driving Bitcoin and Ethereum prices lower.

Bitcoin was down around 14% last month and is down around 58% year-to-date, while Ethereum prices fell over 7% in August and are down around 58% year-to-date. 59% in 2022.

Still, a few popular cryptocurrencies have offered decent returns in the past month. Let’s take a look at the 10 best performing cryptocurrencies in August 2022.

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10 Best Performing Cryptocurrencies in August 2022

We’ve taken the August cryptocurrency return data from coinmarketcap.com to come up with the top 10 cryptocurrencies in August 2022.

For the list, we only considered cryptocurrencies with a market cap of more than $400 million (as of September 1, 2022).

10. Shiba Inu (SHIB, 3%)

Created anonymously in August 2020, it aims to be an Ethereum-based alternative to Dogecoin (DOGE). Its token supports projects such as an NFT art incubator.

As of this writing, SHIB is trading at $0.00001216, giving it a market capitalization of over $6.60 billion. It has an all-time high of $0.00008845 (October 2021) and an all-time low of $0.000000000082 (September 2020).

9. PancakeSwap (CAKE, 6%)

Launched in September 2020, it is a DeFi (decentralized finance) application that allows holders to trade tokens, provide liquidity through farming, as well as earn fees in return.

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As of this writing, CAKE is trading at $3.98, giving it a market capitalization of over $550 million. It has an all-time high of $44.18 (April 2021) and an all-time low of $0.0002318 (September 2020).

8. Huobi Token (HT, 7%)

Launched in 2018, it is the native currency of Huobi Global, which is a cryptocurrency exchange. It has several functions, including the reduction of commissions for trading operations. As of this writing, HT is trading at $4.61, giving it a market cap of over $700 million. It has an all-time high of $39.81 (May 2021) and an all-time low of $0.8903 (January 2019).

7. Electronic money (XEC, 8%)

It aims to be a transaction medium that people can use to pay for goods and services. XEC is down over 63% year-to-date and over 22% in the past 90 days.

As of this writing, XEC is trading at $0.00004084, giving it a market capitalization of over $770 million. It has a historical high of $0.0005926 (November 2021) and a historical low of $0.0000173 (June 2021).

6. Flow (FLOW, 8%)

It is a fast, decentralized and developer-friendly blockchain. Flow’s native currency is the keystone of a new inclusive and borderless digital economy. FLOW is down more than 80% since the start of the year and almost 25% in the last 90 days.

As of this writing, FLOW is trading at $1.82, giving it a market capitalization of over $1.80 billion. It has an all-time high of $46.16 (April 2021) and an all-time low of $1.17 (June 2022).

5. UNUS SED LEO (LEO, 15%)

Launched in 2019, it is a utility token that is used in the iFinex ecosystem and allows Bitfinex users to save money on trading fees. LEO is up nearly 37% year-to-date, but has fallen nearly 4% in the past 90 days.

As of this writing, LEO is trading at $5.19, giving it a market capitalization of over $4.90 billion. It has an all-time high of $8.04 (February 2022) and an all-time low of $0.8036 (December 2019).

4. Cosmos (ATOM, 18%)

Launched in 2017, it aims to provide an antidote to “slow, expensive, non-scalable, and environmentally harmful” proof-of-work protocols. ATOM is down nearly 67% year-to-date, but is up more than 34% in the past 90 days.

As of this writing, ATOM is trading at $12.03, giving it a market capitalization of over $3.40 billion. It has an all-time high of $44.70 (September 2021) and an all-time low of $1.13 (March 2020).

3.EOS (EOS, 24%)

It is an open-source blockchain platform that allows developers to develop projects that other blockchains cannot support. EOS is down over 50% year-to-date, but is up over 24% in the past 90 days.

As of this writing, EOS is trading at $1.54, giving it a market capitalization of over $1.50 billion. It has an all-time high of $22.89 (April 2018) and an all-time low of $0.4802 (October 2017).

2. Nexo (NEXO, 49%)

Launched in 2018, it is a blockchain-based lending platform that offers users instant loans backed by cryptocurrencies. Its native token, NEXO, offers users several benefits including rebates, Nexo profit dividends, and more. NEXO is down nearly 67% year-to-date and more than 28% in the past 90 days.

As of this writing, NEXO is trading at $0.8726, giving it a market capitalization of over $480 million. It has an all-time high of $4.63 (November 2021) and an all-time low of $0.04333 (September 2018).

1. Chiliz (CHZ, 53%)

Founded in 2017, it is a digital currency for sports and entertainment. It is a fan token that helps connect fans and unlock new revenue streams. CHZ is down more than 36% year-to-date, but is up nearly 56% in the past 90 days.

As of this writing, CHZ is trading at $0.188, giving it a market cap of over $1.12 billion. It has an all-time high of $0.8915 (March 2021) and an all-time low of $0.004001 (September 2019).

Stock markets move in cycles. Historically, bull markets last longer than bear markets, but both can last longer than investors expect. But inside bull markets and bear markets, there can always be volatile price changes in the opposite direction. And when the market changes direction, the biggest gains are made by investors who stay the course.

In a volatile market, one option to stay the course is to invest in quality stocks with blue-chip dividends. Blue chip stocks are companies that have a large market capitalization. This means that there are companies in mature sectors.

This maturity allows these companies to offer constant performance, independent of everything that happens with the monetary policy of the country. When interest rates fall, these companies are primed for growth. And when interest rates rise, these companies have strong balance sheets that allow them to maintain pricing and earnings power to provide stability.

All of this means that investors with a lower tolerance for risk can stay in the market without having to give up growth. And in this special presentation, we give investors seven top names that investors can buy with confidence no matter what happens with interest rates.

See “7 Blue-chip Dividend Stocks That Won’t Be Affected by Rising Interest Rates.”

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