- Bitcoin, cardano and ether remain the most widely held cryptos in Q3
- Decentraland (MANA) was the fastest growing crypto over 12 months, with a 437% rise in clients holding it
04 October 2022: The Metaverse, NFTs and Ethereum alternatives were among the key themes driving the fastest rising cryptoassets on the eToro platform in the past 12 months, while the top 10 most held remained stable.
The fastest rising cryptoasset on the eToro platform over 12 months, in terms of the number of clients holding it, was Decentraland (MANA), up 437%. Decentraland is a virtual reality blockchain platform at the centre of the Metaverse sector. In second place was Dogecoin alternative Shiba (SHIB), up 269%, while NFT and gaming tech maker Enjin came in third, up 229%.
Simon Peters, crypto market analyst at eToro, commented: “The top rising cryptoassets on the eToro platform in the past 12 months reflect an interest in certain key themes for investors in the market. The Metaverse has been a major new frontier and that is reflected in the exponential growth in open positions of MANA. Although crypto markets have been difficult in recent months, NFTs and other important crypto infrastructure projects are also well represented in the top 10 fastest risers, indicating real interest in some of the most innovative projects in the past year.”
| eToro global cryptoassets – biggest year-on-year risers at end of Q3 2022 | |
| Cryptoasset | Q3 2022 vs Q3 2021 increase |
| Decentraland | 437% |
| Shiba (in millions) | 269% |
| Enjin | 229% |
| Polygon | 107% |
| Basic Attention Token | 107% |
| Algorand | 90% |
| Aave | 82% |
| Maker | 80% |
| Compound | 68% |
| Yearn.finance | 49% |
Source: eToro platform data, 30th September 2022.
In the past three months, the top 10 most held cryptoassets on the eToro platform have remained stable, with bitcoin holding the top spot, Cardano second and ether third. Open positions in bitcoin rose 1.7%, while cardano was down 1.2% and ether up 3.1%. The biggest faller in percentage terms was TRON, down 2.8%.
Year-on-year there is more movement, with Decentraland and Shiba both cracking the top 10 thanks to their major growth in open positions.
| eToro most held cryptoassets globally at the end of Q3 2022 | |||
| Cryptoasset | Rank (end of Q3 2022) | Rank (end of Q2 2022) | Rank (end of Q3 2021) |
| Bitcoin | 1 | 1 | 2 |
| Cardano | 2 | 2 | 1 |
| Ether | 3 | 3 | 4 |
| XRP | 4 | 4 | 3 |
| Dogecoin | 5 | 5 | 5 |
| Shiba (in millions) | 6 | 6 | 16 |
| TRON | 7 | 7 | 6 |
| Stellar | 8 | 8 | 7 |
| IOTA | 9 | 9 | 8 |
| Decentraland | 10 | 10 | 22 |
Source: eToro platform data, 30th September 2022. Past performance is not an indication of future results.
Peters added: “The top 10 most held cryptoassets on the eToro platform remain unchanged in Q3. This stability reflects a tough period for markets, but also affirms a long-term buy-and-hold strategy among the investors in those assets, suggesting they’ve looked beyond short-term market volatility. When investing in crypto, like any other asset class, time in the market not timing the market is the key to providing the best long-term prospects for wealth growth.”
– ENDS –
Notes to editors
The data in the tables represents the top 10 biggest cryptoasset risers and the top 10 most held cryptoasset positions (open positions) by global investors on the eToro platform between Q3 2021 and Q3 2022; it does not include positions held as CFDs or in Smart Portfolios. Data accurate as of 30th September 2022.
To note, this press release references some coins which are currently unavailable to eToro users in the US.
eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of investors. eToro 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, eToro is a global community of more than 30 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.
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.
Germany disclaimer:
Crypto investing is offered by eToro (Europe) Ltd. and custody is provided by eToro Germany GmbH. Your capital is at risk.
Spain disclaimer:
It is important to read and understand the risks of this investment which are explained in detail at this link.
France disclaimer
Crypto investing is offered by eToro (Europe) Ltd as a DASP, registered with the AMF. Cryptoasset investing is highly volatile. No consumer protection.
eToro 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).