Top 10 losers in the crypto market this week

Top 10 losers in the crypto market this week

Market Analysis
October 22, 2022 by keithhill530
118
[ad_1] The cryptocurrency market has underperformed this week, with prices of most coins down by more than 1% in the last seven days.  Bitcoin, Ether, ADA, and the other leading cryptocurrencies have suffered losses this week. The total crypto market cap could drop below the $900 billion mark over the next few days. However, here
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The cryptocurrency market has underperformed this week, with prices of most coins down by more than 1% in the last seven days. 

Bitcoin, Ether, ADA, and the other leading cryptocurrencies have suffered losses this week. The total crypto market cap could drop below the $900 billion mark over the next few days.

However, here are the top losers in the crypto market in the last seven days. 

Top 10 losers this week

Mdex (MDX)

MDX, the native token of the Mdex ecosystem, is the worst performer this week. It has lost more than 27% of its value in the last seven days and ends the week trading around $0.1689 per coin.

MDEX is an automated market-making (AMM) decentralised exchange (DEX) protocol.

Where to buy Mdex now

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy MDX with Binance today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy MDX with Swapzone today

Sologenic (SOLO)

SOLO comes second on the list after losing 22% of its value since the start of the week. At press time, the native token of Sologenic is trading at $0.302. 

Sologenic is a project that focuses on tokenised securities, cryptocurrency assets, and nonfungible tokens. 

Where to buy Sologenic now

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy SOLO with Swapzone today

STEPN (GMT)

STEPN’s GMT comes third on the list and is the worst performer amongst the top 100 cryptocurrencies by market cap this week. GMT has lost 19% of its value since the start of the week and is trading at $0.4788.

STEPN is a web3 app with GameFi elements on the Solana blockchain. The app combines aspects of a play-to-earn game with a fitness app to incentivise people to move. 

Where to buy STEPN now

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy GMT with Binance today

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.

Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.

Users can benefit from a beginner-friendly interface and relatively low fees.

Buy GMT with KuCoin today

Axie Infinity (AXS)

Axie Infinity is another popular name on the list. AXS has lost 18% of its value this week and is now trading $9.19. Axie Infinity is one of the earliest blockchain-based trading and battling games. 

Where to buy Axie Infinity Now 

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.

It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.

eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy AXS with eToro today

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users.

It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets.

On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy AXS with Capital.com today

Terra Classic (LUNC)

LUNC, the native coin of Terra Classic, is also one of the worst performers this week. The coin lost 15% of its value over the last seven days and is now trading at $0.0002406. 

Terra is a blockchain protocol that leverages fiat-pegged stablecoins to power price-stable global payment systems. Its sister coin is the LUNA, and the ecosystem also has the USTC stablecoin.

Where to buy Terra Classic now

Ethereum Name Service (ENS)

The next coin on the list is Ethereum Name Service (ENS). ENS lost more than 14% of its value this week and is now trading at $16.97. Ethereum Name Service is a distributed, open, and extensible naming system located on the Ethereum network.

Where to buy Ethereum Name Service now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.

It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.

eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ENS with eToro today

SSV Network (SSV)

SSV joins the others on the list after losing more than 14% of its value over the last seven days. It is now trading at $9.49 as the week comes to an end. 

ssv.network is a decentralised staking platform that enables the distributed operation of Ethereum validators.

Where to buy SSV Network now

Immutable X (IMX)

Immutable X might be one of the leading web3 networks, but it didn’t perform well this week. IMX lost 13.5% of its value this week and is now trading at $0.5558 per coin. Immutable X is known as a layer-two scaling solution for NFTs and web3 on the Ethereum blockchain.

Where to buy Immutable X now

Huobi

Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.

Buy IMX with Huobi today

Terra (LUNA)

LUNA, the native coin of Terra, is also one of the worst performers this week. The coin lost 13% of its value over the last seven days and is now trading at $2.35. 

Terra (LUNA) is a public blockchain protocol that was created from Terra Classic. Its sister coin is the LUNC, and the ecosystem also has the USTC stablecoin.

Where to buy Terra now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.

It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.

eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy LUNA with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.

OKX takes customer security very seriously, they store almost all of their clients’ funds in cold storage, and the exchange is yet to be hacked.

On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy LUNA with OKX today

Kusama (KSM)

The Kusama token didn’t fare well this week, as it lost 12.9% of its value over the last few days. KSM is now trading at $34.76 per coin. 

Described as Polkadot’s cousin, Kusama is an experimental blockchain platform designed to provide developers with a massively interoperable and scalable framework. 

Where to buy Kusama now

Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users.

It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets.

On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

Buy KSM with Capital.com today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.

OKX takes customer security very seriously, they store almost all of their clients’ funds in cold storage, and the exchange is yet to be hacked.

On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy KSM with OKX today

The post Top 10 losers in the crypto market this week appeared first on CoinJournal.

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