The 5 Worst Performing Cryptos of the Last Week in the Bitcoin Bear Market

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While bitcoin and ethereum dominate the headlines, there are over 17,000 cryptocurrencies. With less liquidity and more volatility, these alternative cryptocurrencies can lead to massive losses or gains for investors in a short time. These are the five worst performing cryptocurrencies of the past. week, according to data from CoinMarketCap. Sign up here for our daily newsletter, 10 things before the opening bell. LoadingSomething is being loaded.

Bitcoin’s bear market has sucked the life out of many popular cryptocurrencies, with the total crypto market cap dropping from $3 trillion to less than $2 trillion today. But less liquid altcoins saw an even steeper decline.

With over 17,000 cryptocurrencies in existence and counting, there are more than triple the number of cryptocurrencies than there are publicly traded stocks in the United States. This massive amount of supply makes it almost impossible to keep track of all the big players in the crypto industry outside of well-known coins like bitcoin, ether, and dogecoin.

The surge in new crypto coins came amid a massive bull market for the sector in 2021, but bitcoin’s more than 40% decline from its November high challenges the space, especially in the markets. small coins that saw extraordinary gains last year like solana, cardano, and polka dots.

With less liquidity and more volatility, these alternative cryptocurrencies can offer investors massive losses or gains in a short time. Shiba inu is down 65% from its recent high, but it’s still up sharply over the past year. Meanwhile, the squid gambling token fell 99% in a single day after making rapid gains of 75,000%.

Keeping tabs on weekly gainers and losers can help investors identify coins that are starting to gain and lose ground in the crypto community.

These were the five worst performing cryptocurrencies with a market value of over $1 billion over the past week, according to data from CoinMarketCap.

5. DAO Token Curve

Symbol: CRV Market value: $1.7 billion 7-day performance: -26.2%

CoinMarketCap

4. NEAR protocol

Symbol: NEAR Market value: $8.9 billion 7-day performance: -27.8%

CoinMarketCap

3. Kadena

Symbol: KDA Market Value: $1.1 Billion 7 Day Performance: -30.5%

CoinMarketCap

2. Harmony

Symbol: ONE Market value: $2.8 billion 7-day performance: -33.0%

CoinMarketCap

1. Buckle

Symbol: LRC Market value: $1.3 billion 7-day performance: -33.4%

CoinMarketCap

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