The crypto market is trying to make a comeback as its market cap rises to $2.47 trillion after a 2.4% increase in just one day. Despite the efforts, trading volume is still low, down almost 18% from yesterday. Leading cryptocurrencies such as Bitcoin, Ethereum and others are not spared from the decline. Bitcoin price is currently down 4.6% at $64,616, while Ethereum is down 7.6% at $3,368.11. Additionally, the fear and greed index score dropped from extreme greed to 75 points. In this article, we will talk about the top losing altcoin projects in the crypto market on a weekly basis.
Those 5 altcoins lost the most value this week
Of the thousands of cryptocurrencies on the market, a few have not been able to withstand the volatile blows and are losing their value. This is nothing new for crypto investors, as market volatility is a part of the crypto market. Among the top 100 by market value, this week’s biggest losers were Sei, Injective, BONK, Helium and Arbitrum.
Sei (SEI)
Sei price is currently trading at $0.8125 after losing 22% in a week. The impact of the loss is also seen in trading volume; It currently stands at $145,421,778 after a 30% drop in one day. The token is attempting to make a comeback, with its market cap increasing by just over 0.75%, pushing the value to $2,175,064,793. This drop was a complete disappointment as Sei rose brilliantly just seven days ago, breaking its all-time high of $1.14 before crashing.
Injective (INJ)
Injective has made a confident move this month, with its price up 7% from a month ago. It is currently trading at $35.89, down 21.48% for a market cap of $3,352,413,964. The biggest hit was in trading volume, which reached $121,850,088 after a 31% drop. Despite the declines, INJ remains just 32% away from its all-time high set at $52.75 nine days ago.
BONK
After a 20% drop in a week, BONK is trying to recover, up about 3% compared to yesterday. After reaching an all-time high of $0.00004704, it is currently trading at $0.0000225, indicating a difference of 52%. BONK was previously trending on the charts, but with the changing market trends, it entered the list of top losers of cryptocurrencies.
Altcoin trading volume is still at a loss and is currently down 30% at $142,840,691. There is a slight increase in its market value today and it is ranked 71st with a value of $1,465,920,205 after a 3% increase.
Helium (HNT)
Helium had previously impressed its community and rose to $10.4, the highest value of the year. However, in a steady decline of 18%, the value is $6.54 and the market cap is $1,051,716,416. Additionally, trading volume stands at $9,130,427 after a 33% decrease. Helium has a long way to go to get close to its all-time high, as it’s down 88% since its record high.
Arbitrum (ARB)
Arbitrum is trading at $1.62 after a 13% drop in a week. This comes right after the token reached its all-time high of $2.40 on January 12. Speaking of market capitalization, an increase of 1.71% took the value to $4,290,401,833, while trading volume reached $444,904,844 after a decline of 30%.
The list of crypto losers includes Sei, Injective, BONK, Helium and Arbitrum. Many of these losing cryptocurrencies recently peaked and set new all-time highs before falling due to a bearish trend. It remains to be seen how the market will move next week and who will be the biggest losers then.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.