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Market experts examined cryptocurrency assets from the list of the best in terms of market capitalization and talked about the most unprofitable coins and tokens of the past week in the period from August 15 to August 21, 2022. Short-term investors lost very serious amounts, as 3 virtual assets fell by more than 30% at once.
The leader in this negative indicator was the infamous cryptocurrency Celsius (CEL). The token rate behaved extremely unstable, losing 7.43% over the past day and 33.56% over the past 7 days. The cost of CEL fell to $ 2.53, and the capitalization was only $ 603.73 million.
The second place in terms of unprofitability among well-known crypto projects went to the token of the decentralized platform Lido DAO. The LDO asset has become cheaper by 30.52% despite the fact that this cryptocurrency has risen in price by 9.15% over the past day. The cost was fixed at $ 2.08, and the total supply of coins – $ 649.62 million.
The third line in the ranking of cryptocurrency losers of the week went to another token of the decentralized finance platform (DeFi) called Oasis Network. Native asset ROSE lost 30.09% in value over the past 7 days. It traded on leading exchanges at an average rate of $0.069, with a market cap of $350.99 million.
Market analysts also noted that more than 25% of their value lost another 8 cryptocurrencies, which included: Curve DAO Token (-28.96%), NEAR Protocol (-27.8%), The Graph (-27.67%), THORChain (-26.79%), Convex Finance (-26.21%), Axie Infinity (-26.1%), Flow (-25.34%) and finally Fantom (-25.23%).
Earlier, the editors of Crypto.ru spoke about the best cryptocurrency assets in terms of profitability from the DeFi sector. Analysts took data from price charts for the day from August 17 to August 18, 2022 and identified the 5 most profitable virtual assets.
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