The lackluster performance in the crypto market continued into September. Although Bitcoin prices were roughly flat month over month, Ethereum dropped 12% last month (down 63% year-to-date).
Concerns over inflation and rising interest rates still weigh on cryptocurrencies and other risk assets. Despite such a scenario, some cryptocurrencies were able to post impressive gains last month. Let’s take a look at the ten best-performing cryptocurrencies in September 2022.
We have used the September return data from coinmarketcap.com to come up with the 10 best-performing cryptocurrencies in September 2022. We have only considered cryptocurrencies with a market capitalization of more than $400 million (as on Oct. 3, 2022).
ApeCoin (APE, 6%)
Launched in March 2022, it is a governance and utility token used within the APE Ecosystem. APE is down almost 1% year-to-date but is up by over 5% in the last three months.
As of this writing, APE is trading at $5.23, giving it a market capitalization of more than $1.60 billion. It has an all-time high of $39.40 (March 2022) and an all-time low of $1.00 (March 2022).
Stellar (XLM, 9%)
Officially launched in 2015, it is a peer-to-peer (P2P) decentralized network that aims to connect the world's financial systems and ensure a protocol for payment providers. XLM/USD is down by almost 57% year-to-date but is up by almost 5% in the last three months.
As of this writing, XLM is trading at $0.1194, giving it a market capitalization of more than $3 billion. It has an all-time high of $0.9381 (January 2018).
Helium (HNT, 9%)
Launched in July 2019, it is a blockchain-powered network for IoT (Internet of Things) devices, allowing them to communicate and send data to each other. HNT/USD is down by almost 87% year-to-date and over 43% in the last three months.
As of this writing, HNT is trading at $5.33, giving it a market capitalization of more than $675 million. It has an all-time high of $55.22 (November 2021) and an all-time low of $0.2534 (June 2020).
PancakeSwap (CAKE, 15%)
Launched in September 2020, an AMM (automated market maker) enables members to exchange tokens, provide liquidity (through farming) and earn fees in return. CAKE/USD is down by almost 61% year-to-date but is up by over 47% in the last three months.
As of this writing, CAKE is trading at $4.71, giving it a market capitalization of more than $670 million. It has an all-time high of $44.18 (April 2021) and an all-time low of $0.0002318 (September 2020).
Algorand (ALGO, 16%)
Launched in 2019, it is a self-sustaining, decentralized, blockchain-based network with several use cases. ALGO/USD is down by almost 80% year-to-date but is up by almost 13% in the last three months.
As of this writing, ALGO is trading at $0.3545, giving it a market capitalization of more than $2.40 billion. It has an all-time high of $3.28 (June 2019) and an all-time low of $0.1024 (March 2020).
Compound (COMP, 27%)
Launched in 2018, this is a DeFi lending protocol enables members to earn interest on their cryptocurrencies by depositing them in supported pools. COMP/USD is down over 71% year-to-date but is up over 27% in three months.
As of this writing, COMP is trading at $59.95, giving it a market capitalization of more than $430 million. It has an all-time high of $911.20 (May 2021) and an all-time low of $26.52 (June 2022).
Terra Classic (LUNC, 32%)
Officially launched in April 2019, it is a blockchain protocol that uses fiat-pegged stablecoins to support price-stable global payment systems. LUNC is down by over 95% year-to-date but is up by over 165% in the last three months.
As of this writing, LUNC is trading at $0.0002972, giving it a market capitalization of more than $1.80 billion. It has an all-time high of $119.18 (April 2022) and an all-time low of $0.00001675 (March 2022).
Ripple (XRP, 34%)
Launched in 2012, it is an open-source, permissionless, and decentralized technology with many applications and use cases related to payments. XRP is down by over 41% year-to-date but is up by almost 46% in the last three months.
As of this writing, XRP is trading at $0.5009, giving it a market capitalization of more than $24 billion. It has an all-time high of $3.84 (January 2018) and an all-time low of $0.002802 (July 2014).
Quant (QNT, 41%)
Launched in June 2018, it aims to connect blockchains and networks without compromising on their efficiency and interoperability. QNT/USD is down by over 21% year-to-date but is up by over 124% in the last three months.
As of this writing, QNT is trading at $139.80, giving it a market capitalization of more than $1.60 billion. It has an all-time high of $428.38 (September 2021) and an all-time low of $0.1636 (August 2018).
Reserve Rights (RSR, 63%)
Launched in May 2019, it is the governance token for Reserve stablecoins. It serves two main purposes: ensuring Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration. RSR is down by almost 71% year-to-date but is up by almost 24% in the last three months.
As of this writing, RSR/USD is trading at $0.008886, giving it a market capitalization of more than $375 million. It has an all-time high of $0.1189 (April 2021) and an all-time low of $0.001247 (March 2020).