How top 10 cryptocurrencies fared in last 12 months

cnbctv18.com:

So far, calendar 2022 has been a rough year for cryptocurrencies. Regulatory headwinds coupled with general economic weakness due to geopolitical tensions, the pandemic etc. have bogged down prices.

This is on the back of an outstanding 2021 where the total market capitalisation of the industry grew by 187.5 percent.However, when compared on the last 12-month basis, the total market capitalisation of crypto is only up by 11.76 percent, from USD 1.7 trillion in March 2021 to USD 1.9 trillion today.This ebb and flow theme was also seen in the prices of the top ten cryptocurrencies. Let’s take a look at how these cryptocurrencies performed over the last 12 months (from 21 March 2021 to 20 March 2022)Also Read| View | The influence of CBDC and crypto tax on millennial investorsBitcoin (Ranked #1st)It is no surprise that the world's oldest cryptocurrency still holds the number one position. However, it is not doing as well as it was this time last year.

On 21 March 2021, bitcoin was trading at USD 57,523, and now it is trading at roughly USD 41,000. Its market cap also dropped from USD 1 trillion to USD 780 billion.Ethereum (Ranked #2nd)Ethereum has seen significant growth over the last year. The trading price of its native token, Ether, has skyrocketed from USD 1,788 on 21 March 2021, to above USD 2,800 as of March 20, 2022.

Its market cap has also grown from USD 209 billion to USD 335 billion. This growth spurt can be attributed to the number of decentralised and crypto projects cropping up on the network. Another possible factor behind this upward trend is the network’s much-awaited transition to the PoS consensus mechanism.Tether (Ranked #3rd)Tether is a stablecoin pegged against the US dollar.