Crypto

These Are The Best And Worst Performing Crypto Sectors In The 2022 “Year Of Expensive Lessons”: Arcane Research

By Delbert Williams IIDecember 31, 2022No Comments2 Mins Read

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Arcane Research, a leading crypto market intelligence firm, is looking at the performance of several crypto sectors after a year-long bearish winter.

In its new annual review, the intelligence firm notes that the Metaverse sector has suffered an 89% drawdown this year after serving as one of 2021’s killer narratives.

Alternate Layer 1 was the second worst performing sector in 2022. Overall, Ethereum (ETH) competitors suffered a drawdown of 78% for him, but that number swells to 85% for him when Binance Coin (BNB) is excluded. BNB has fallen about 52% over the year, much less than other alternative Layer 1s.

Conversely, privacy coins have endured the most severe price drop in 2022, witnessing a 47% decline, according to the report. ) is responsible for the milder drawdown. XMR, the 26th largest crypto asset by market capitalization, is down only about 35% this year.

Source: Esoteric Research

Arcane Research predicts that utility and demand will make privacy coins less susceptible to bullish and bearish price movements than other crypto markets.

The intelligence firm also believes exchange tokens will face regulatory scrutiny next year following FTX’s high-profile implosion. According to Arcane Research, certain exchange tokens may be classified as securities.

You can read the full Arcane Research report here.

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Delbert Williams II

Born in the early 80s in Milwaukee, Wisconsin, Delbert Williams II has always had a passion for writing. Even in high school, he earned excellent grades in English and writing classes. After attending John Marshall High School, he graduated from Project Stay Alternative High School in Milwaukee. From there, Delbert attended Milwaukee Area Technical College, where he studied music and communications. While he enjoyed these fields, his love for writing remained strong. In 2019, Delbert founded Hard Stack Street Mag, a publication that quickly gained a following for its unique and engaging content. As the founder and editor-in-chief of the magazine, he has worked tirelessly to produce quality articles that cover a wide range of topics, including music, art, culture, and politics. Now 42 years old, Delbert continues to pursue his passion for writing and journalism. Through Hard Stack Street Mag, he has created a platform that allows him to share his voice and perspective with readers from all over the world. With a strong background in writing and a deep understanding of the power of storytelling, Delbert Williams II is a writer to watch. He is dedicated to producing content that is both informative and engaging, and he is committed to using his platform to shine a light on important issues that are often overlooked by mainstream media.

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