The June 2022 CryptoCompare

At midnight, June 1, 2022, we created a list of the top cryptocurrencies that offer support for the web3 environment. We attempted to focus on the digital assets that have strong use cases in web3, and avoid memecoins that are deflationary tokens with little to no intrinsic value. At the stoke of midnight, we placed a $500 fiat trade in the following cryptocurrencies:

1. Ethereum ($ETH)
2. Filecoin ($FIL)
3. Ethereum Name Service ($ENS)
4. Decentraland ($MANA)
5. Bitcoin ($BTC)
6. Polkadot ($DOT)
7. Avalanche ($AVAX)
8. Solana ($SOL)
9. Cosmos ($ATOM)
10. Polygon ($MATIC)
11. Chainlink ($LINK)
12. Cardano ($ADA)
13. Algorand ($ALGO)
14. Tezos ($XTZ)
15. Litecoin ($LTC)
16. Axie Infinity ($AXS)
17. Enjin Coin ($ENJ)
18. Curve DAO Token ($CRV)

After a period of three trading days, we took at look at the holdings and made a list of the top and bottom 3 cryptos.

The top 3 cryptos, after 3 trading days:

1. $MANA ($472 USD)
2. $ENS ($470 USD)
3. $FIL ($468 USD)

The bottom 3 cryptos, after 3 trading days:

28. $ATOM ($448 USD)

29. $CRV ($431 USD)

30. $SOL ($417 USD)

None of the June 2022 cryptos were profitable, as of the first 3 trading days.

We will continue to monitor the progress of these cryptocurrencies, as we continue to trade throughout the month of June 2022.

If you believe we should add certain cryptos to our #CryptoCompare please leave a comment, or feel free to reach out.