The second quarter of the year has begun with a market decline, making the first week of April a disappointment for the crypto market. Many top cryptocurrencies, including Bitcoin and Ethereum, faced a downtrend, causing losses for investors. In this blog, we will discuss the top crypto losers of the week.
Top Crypto Losers for This Week:
As the week comes to an end, the top crypto losers have been identified. These include dofwifhat, Wormhole, Conflux, Axelar, and Aptos.
Dofwifhat (WIF):
Dofwifhat, a meme coin, was at the top of the crypto losers list after experiencing a continuous downtrend for a week. Its price dropped by 27% to $3.29, with a market cap of $3,287,038,461 and a trading volume of $473,022,975.
Wormhole (W):
After airdropping W tokens, the newly launched cryptocurrency Wormhole faced liquidity issues, leading to a 28% drop in its price. It is currently trading at $0.9849 with a market cap of $1,775,705,628 and a trading volume of $472,898,433.
Conflux (CFX):
Conflux has seen a 25% drop in its value this week, from a high of $0.4953 to the current value of $0.3604. However, it has shown a 2% recovery in the last 24 hours. It is ranked 77th on CoinmarketCap with a market cap of $1,387,328,494 and a trading volume of $47,707,676.
Axelar (AXL):
Despite reaching an all-time high of $2.66 at the beginning of March, Axelar has faced a rough start in April, with a 24% drop in its value this week. It is currently trading at $1.53 with a market cap of $948,210,306 and a trading volume of $39,382,193.
Aptos (APT):
Aptos has also faced a loss of 22% in the last few days, making it one of the top crypto losers of the week. However, there has been a price surge today, bringing its market cap to $5,282,674,165 and a trading volume of $279,174,520.
Conclusion:
This week’s crypto losers have seen their gains from the past week diminish in just a few days. The overall market is also facing losses, with major cryptocurrency charts marked in red. But this is not the end, and there is still potential for recovery. Investors should stay updated and make informed decisions.
