The first week of April was even more disappointing as the second quarter of the year started with a decline in the market. The overall cryptocurrency market was not performing at its best. So who’s on this week’s list of top crypto losers?
Previously, Bitcoin price fell to $64,000, Ethereum fell to $33,000, and many other altcoins faced similar downward trends.
In this blog, let's discuss this week's top crypto losers.
This week's top crypto losers
As the week draws to a close, this week's top crypto losers have been identified as dofwifhat, Wormhole, Conflux, Axelar, Aptos, and more.
Dogwifat (WIF)
After surging throughout the last month and hitting an all-time high of $4.85 on April 31st, Dogwifat became the top coin on the crypto losers list. Dogwifhat followed a continuous downward trend for the week, with the price dropping over 27%. It is currently trading at $3.29 and has a market cap of $3,287,038,461. The trading volume of this meme coin also decreased to $473,022,975, with a loss of 31.17%.
Also read: 7 new cryptocurrencies to invest in in April 2024
Wormhole (W)
Wormhole is a newly launched cryptocurrency built to bridge the blockchain. Immediately after launch, the Wormhole team airdropped W tokens, causing liquidity issues and a significant price drop. After soaring to a high of $1.61, it fell 28% within two days.
Wormhole is currently trading at $0.9849, giving it a market cap of $1,775,705,628. W's trading volume also decreased to $472,898,433 as he faced a 35% loss.
Conflux (CFX)
Conflux is trying to recover on the charts, surging 2% from yesterday's value. However, it is down 25% for the week, with its value falling from a one-week high of $0.4953 to a current price of $0.3604.
Also read: What is the Pig Butchering Scam in Cryptocurrency?
CoinmarketCap ranks it 77th with a market capitalization of $1,387,328,494. The number of trades had previously declined, with trading volume at $47,707,676 after a 13% loss.
Axela (AXL)
Accela hit an all-time high of $2.66 in early March, but April got off to a rough start. Axela's value has been falling for the past four days, dropping 24% this week. It is currently trading at $1.53 and has a market capitalization of $948,210,306.
Trading volume so far has jumped 11% to $39,382,193.
Aptos (APT)
Over the past few days, Aptos has lost 22% of its value, ranking it among the crypto losers of the week. However, today there is a price hike. Aptos is ranked 24th on Coinmarketcap, with a market cap increase of $5,282,674,165. As the volume increased by 10%, the number of transactions also increased, reaching $279,174,520 in value.
conclusion
This week's crypto losers lost weeks of gains in just a few days, but this isn't the end. All major cryptocurrency charts are marked in red, indicating market-wide losses.
Read more Trader turned $100 cryptocurrency investment into $8.3 million in one week.Here's how he does it
