The title of greatest cryptocurrency from the world to Bitcoin (BTC) gives it not only the status of a leader in the crypto market, but also the benchmark for several other currencies.
It is common to see that the oscillations of the Bitcoinboth positive and negative, affect the price of other cryptocurrencies.
Bitcoin’s recent crash has taken along the price of other cryptocurrencieswith market capitalization plummeting from nearly $3 trillion at its peak to $1.2 trillion today.
However, it is important to note that the volatility percentage of cryptocurrencies will not be the same or even close to the Bitcoinsince, for each of them, there are unique factors that can also generate price fluctuations.
Furthermore, the recent Earth grid implosionwith its governance token MOON and your stablecoin USTalso undermined confidence in the crypto market, with some investors questioning the stability of others. stablecoins.
Check out the five below. cryptocurrencies with market capitalization above $1 billion that have been the worst performers in the last week, according to data from CoinMarketCap.
5th place: Theta Network
With a market capitalization of US$1.3 billion, the cryptocurrency Theta Network native — THETA — had a weekly loss of 14.5%.
4th place: Shiba Inu
THE cryptocurrency of meme Shiba Inu (SHIB), whose market capitalization is $6.5 billion, has recorded a loss of 16.7% in the last seven days.
🏆 3rd place: Avalanche
The fall in the crypto market also affected AVAX, the network’s token Avalanche. With a market capitalization of US$8.4 billion, the cryptocurrency lost 19.5% of its value in the last week.
🏆 2nd place: Internet Computer
With a market capitalization of US$1.9 billion, the cryptocurrency ICP, native to Internet Computer, recorded a loss of 19.8% in the last week.
🏆 1st place: Near Protocol
With a market capitalization of $4.2 billion, Near Protocol was the worst performer in the last week. THE cryptocurrency protocol — NEAR — recorded a 20.1% drop.
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
