Bitcoin
Top Crypto Losers Today | CoinGape
The global cryptocurrency market is experiencing a slight decline of 0.84%, recording US$2.31 trillion in market capitalization today. This has caused many digital assets to witness red charts and report losses in the last day, with major cryptocurrencies such as Bitcoin It is Ethereum victims too. Four cryptocurrencies are at the forefront of today’s crypto losers, with each recording a drop in value of more than 8% in the last 24 hours. In this article, we investigate the market performance of today’s crypto losers.
1. Dogwifhat (WIF)
The first on the list is Dogwifhat, characterized by its peculiar logo with a dog wearing a hat. Priced at $2.94, WIF suffered a notable drop of 11.66%. Its market value of US$2.9 billion witnesses a drop of 11.59%, ranking 38th in the market, according to data CoinMarketCap. Memecoin also witnessed its 24-hour trading volume standing at $577.16 million having decreased by 16.47%.
Despite these setbacks, WIF’s circulating supply of 998,906,043 tokens suggests a certain level of stability, although its current performance contrasts sharply with its all-time high of $4.85 a month ago. However, the Solana meme coin saw 18.67% growth in its value last week.
2. Arweave (AR)
Trading at $37.87, Arweave the value fell 8.50%, after registering a growth of 29.72% last week. The token’s market capitalization of $2.48 billion reflects a drop of 6.74%, with trading volume experiencing a significant drop of 36.13% to $122.76 million.
With 65,454,185 AR tokens in circulation, the project faces a challenge as it struggles to regain its footing, especially when compared to its all-time high of $90.94 three years ago.
Previously, Arweave’s performance boost was linked to the launch of Arweave AO, a next-generation blockchain for efficiency. AR price remains above $30, suggesting a possible rise to $42.
Arweave AO stands out for its modular design, high transaction capacity and EVM compatibility, supporting diverse applications. Testing includes evaluating GAR and encouraging participation through the AR.IO Testnet to strengthen the network.
3. Akash Network (AKT
Akash Network, the AI Coins, is currently priced at US$4.48, representing a drop in value of 8.17%. Market capitalization dropped to $1.06, marking a 7.34% drop, with trading volume dropping 59.18% to $20.3 million. Having 236,019,118 AKT tokens in circulation represents a significant challenge for the project as it aims to recover from its record high of $8.08 recorded three years ago.
Akash Network revolutionizes cloud computing with blockchain technology, offering a decentralized marketplace for faster, more efficient and affordable access to essential resources, transforming the cloud services landscape.
4. Helium (HNT)
Hélio closes the list with a price of US$4.94, showing a drop of 8.02% in value. Market capitalization fell 7.60% to $795.28 million, while trading volume decreased 17.71% to $11.5 million. Having 160,875,442 HNT tokens currently in circulation presents major obstacles for the project, mainly due to its peak price of $55.22 recorded two years ago, followed by a 91.08% drop.
Based on SolanaHelium is a blockchain-powered decentralized network for Internet of Things devices (IoT).
The value of HNT had already increased due to a wallet upgrade. Helium has revealed the release of the Helium Wallet app version 2.7.7, aiming to improve network stability and increase user confidence. The $20 Group Plan by Helium Mobile provides unlimited data, calls and messages for a maximum of eight people, making mobile usage easier and more affordable.
Conclusion
During these turbulent times in the crypto market, crypto losers highlight the volatility and risks that come with digital assets. It’s unclear whether they will be able to weather the storm and regain lost progress, but their current condition is a reminder of the ever-changing crypto industry.