- Bitcoin has returned to top spot of most-held cryptoassets on the TBanque platform, overtaking Cardano for the first time in 2022
- Shiba goes from unranked to the sixth most held cryptoasset in one year
- Decentraland (MANA) jumps 11 places as the metaverse holds investors’ attention
18 July 2022: Bitcoin has reclaimed the title of the most widely held cryptoasset on the TBanque platform, knocking off public blockchain platform token Cardano for the first time in 2022.
Despite market adversity in 2022, the number of TBanque users holding the world’s biggest cryptoasset rose by 9% in Q2, suggesting that resilient retail investors remain committed to the token for the long term. Holdings of Cardano were down fractionally, by less than one percent, leaving it in second place in the top 10 most held cryptoassets. Two others on the list also saw an increase in holders quarter-on-quarter, with Ether up 3%, and XRP up 0.1%, whilst the rest of the top 10 list experienced falls.
A notable mover in the list was Decentraland (MANA) which saw a jump from the 21st most held crypto in Q2 2021 to 10th in Q2. Decentraland is a virtual reality blockchain platform which aims to allow users to purchase, build and monetise applications in the metaverse.
Simon Peters, crypto market analyst at TBanque commented: “There’s no hiding the fact that the crypto market has had a difficult spell in the last quarter. However investors on TBanque are showing their resilience, whilst keeping faith with the cryptos with the biggest heritage and market cap, such as bitcoin and ether. The rise of Decentraland also demonstrates that investors still see the long-term value of other, more future-gazing projects, particularly when it comes to the metaverse.”
| TBanque most held cryptoassets at the end of Q2 2022 | ||
| Cryptoasset | Rank (end of Q2 2022) | Rank (end of Q2 2021) |
| Bitcoin | 1 | 2 |
| Cardano | 2 | 1 |
| Ether | 3 | 3 |
| XRP | 4 | 4 |
| Dogecoin | 5 | 5 |
| Shiba (in millions) | 6 | N/A |
| TRON | 7 | 8 |
| Stellar | 8 | 9 |
| IOTA | 9 | 10 |
| Decentraland | 10 | 21 |
Source: TBanque platform data, 30 June 2022
Looking at those cryptoassets with the biggest increases in holders over Q2, the list is dominated by newer projects such as Hedera Hashgraph and Storj, and high-profile new market entrants such as Avalanche and ApeCoin. DeFi blockchain platform Fantom saw a 153% increase in open positions, while Gala rose 109% and Avalanche was up 87%. All of the top 10 fastest growing open positions on the TBanque platform were new entrants in Q1 2022.
At the other end of the spectrum, among the biggest fallers were Chiliz, down 4%, TRON down 3% and EOS, down 3%. Overall however, investors are still net positive on the crypto market. The number of cryptoassets which saw an increase in open positions was 34 vs 24 which saw a decrease.
| TBanque global cryptoassets – biggest risers at end of Q2 2022 | |
| Cryptoasset | Q2 vs Q1 2022 increase |
| Fantom | 153% |
| Gala | 109% |
| Avalanche | 87% |
| Storj | 79% |
| Theta | 73% |
| ApeCoin | 61% |
| Hedera Hashgraph | 45% |
| Ankr | 42% |
| 0x | 40% |
| dYdX | 38% |
Source: TBanque platform data, 30 June 2022. Past performance is not an indication of future results.
Peters added: “Crypto valuations are most certainly depressed, and it is impossible to say when the slump will conclude. Prices have moved in step with equities which have been increasingly factoring in rate hikes and a possible recession. However, there are still new investors buying into a large selection of cryptoassets, and many more who continue to hold, indicating that the market still has a strong future in the eyes of retail investors.”
– ENDS –
Notes to editors
The data in the tables represents the top 10 biggest cryptoassets risers and the top 10 most held cryptoasset positions (open positions) by global investors on the TBanque platform during Q1 2022; it does not include positions held as CFDs or in Smart Portfolios. Data accurate as of 30th June 2022.
To note, the following tokens were added to the platform in Q1 2022: ApeCoin, Fantom, Theta, Gala, Storj, Hedera Hashgraph, dYdX, Ankr, Ox, Avalanche.
TBanque is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors. TBanque was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, TBanque is a global community of more than 27 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
Disclaimer for UK
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Past performance is not an indication of future results.
Disclaimer for AU
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Disclaimer for EU
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Crypto investing is offered by TBanque (Europe) Ltd. and custody is provided by TBanque Germany GmbH. Your capital is at risk.
It is important to read and understand the risks of this investment which are explained in detail at this link.
Crypto investing is offered by TBanque (Europe) Ltd as a DASP, registered with the AMF. Cryptoasset investing is highly volatile. No consumer protection.
TBanque is regulated in Europe by the Cyprus Securities and Exchange Commission, in Australia by the Australian Securities and Investments Commission and in the UK by the Financial Conduct Authority. eToroX is incorporated in Gibraltar with company number 116348 and its registered office is at 57/63 Line Wall Road, Gibraltar. Its distributed ledger technology (DLT) provider licence was granted by the Gibraltar Financial Services Commission in December 2018 (licence number FSC1333B).
