Bitcoin has once again dropped massively within a short period. At the time of writing this, the Bitcoin price is sitting at $35,302.10. In the last seven days, the BTC price has decreased by almost -18%. The Bitcoin crash could actually turn into a bear market. This post is all about the top crypto losers other than Bitcoin.
5.Top Crypto Losers: Curve DAO Token (CRV) -44.3%
Curve is a DEX for stablecoins, functioning in an AMM environment. According to its website, Curve is a decentralized platform for stablecoins that employs an automated market maker (AMM) to sustain liquidity. In the last 7 days, the CRV price has decreased by almost -44.3%.
4.Top Crypto Losers: Loopring (LRC) -44.7%
Loopring is a Layer 2 scaling solution for the Ethereum network that underlines payment/transfer capability and decentralized exchange (DEX). LRC is the local token. The team has designed zkRollups, which is employed to manage Loopring exchange. In the last 7 days, the LRC price has decreased by almost -44.7%.
3.Top Crypto Losers: Frax Share (FXS) -45.8%
This is the governance token for the Frax protocol. It is not a stablecoin. This implies that it is volatile like other cryptocurrencies. Also, it is an ERC-20 token, indicating that it is consistent with most Ethereum-based wallets. FRAX protocol is a unique protocol that incorporates a collateralized and algorithmic system. In the last seven days, the FXS price has decreased by almost -45.8%.
2.Top Crypto Losers: Spell Token (SPELL) -46.3%
SPELL is the governance and utility token. It is built by Abracadabra Money. Abracadabra money is an agreement to acquire a stablecoin named MIM with the credit relation assets. In the last 7 days, the SPELL price has decreased by almost -46.3%.
1.Top Crypto Losers: Pocket Network (POKT) -53.7%
According to its website, Pocket Network is a blockchain-based Web3 resources provider, that wants to fix this constraint by delivering a no-compromises API protocol for DApps. In the last 7 days, the POKT price has decreased by almost -53.7%.