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Bitcoin’s bear market has sucked the life out of many in style cryptocurrencies, with the whole crypto market capitalization falling from $3 trillion to round $1.3 trillion in the present day.
With greater than 19,000 cryptocurrencies in existence and counting, there are greater than triple the variety of crypto cash than there are US exchange-listed shares. That large quantity of provide makes it almost inconceivable to maintain monitor of all the large movers within the crypto sector exterior of well-known cash like bitcoin, ether, and dogecoin.
The surge in new crypto cash got here amid a large bull market for the sector in 2021, however a greater than 50% decline in bitcoin from its November excessive has dragged the entire sector decrease, particularly smaller cash that noticed extraordinary good points final yr like solana, cardano, and polkadot.
The implosion of Luna and its associated stablecoin, TerraUSD, has additionally dented confidence within the crypto house and has some traders questioning the steadiness of different $1 pegged cash.
With much less liquidity and extra volatility , these various cryptocurrencies can ship traders large losses or good points in a brief time frame. For instance, squid sport token fell 99% in a single day final yr after delivering swift good points of 75,000%.
Maintaining a tally of the weekly winners and losers may help traders establish which cash are starting to achieve and lose traction within the crypto neighborhood.
These had been the 5 worst performing cryptocurrencies with a market worth of greater than $1 billion over the previous week, in response to knowledge from CoinMarketCap.
5. Theta Community
Image: THETA
Market Worth: $1.3 billion
7-Day Efficiency: -14.5%
4. Shiba Inu
Image: SHIB
Market Worth: $6.5 billion
7-Day Efficiency: -16.7%
3. Avalanche
Image: AVAX
Market Worth: $8.4 billion
7-Day Efficiency: -19.5%
2. Web Pc
Image: ICP
Market Worth: $1.9 billion
7-Day Efficiency: -19.8%
1. NEAR Protocol
Image: NEAR
Market Worth: $4.2 billion
7-Day Efficiency: -20.1%
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