We are seeing the crypto market at an all-time high and it seems that the market is showing no signs of stopping. Yet, certain cryptocurrencies displayed poor performance. This post is all about the top 3 cryptocurrencies that lost in value while the crypto market is booming. Let’s take a look at it in more detail. At the time of writing this, the BTC price is sitting at $65,483.04.
BTC/USD Weekly chart – TradingView
3.Top 3 Cryptocurrencies: Compound (COMP) -28.8%
COMP/USD Monthly chart – TradingView
According to its whitepaper, Compound runs on Ethereum that enables users to lend and borrow cryptocurrency. It also allows users to have a right in its governance with its COMP token. The COMP cryptocurrency is the governance token of the protocol. The predefined number is shared with all lenders and borrowers on the Compound protocol regularly.
In the last 3 months, the COMP price has decreased by almost -28.8%. The crypto market is booming yet the COMP price has decreased. The reason behind this could be a buggy software upgrade. Just a few days ago, users of COMP tokens were surprisingly given $90M worth of COMP tokens after a buggy software upgrade.
2.Top 3 Cryptocurrencies: Flow (FLOW) -43.50%
FLOW/USD Monthly chart – TradingView
According to its website, the FLOW is the native token (“FLOW”) of the Flow network. The network defines itself as a unique blockchain that is built for the next generation of apps, games, and the digital assets that hold them. Flow is powered by Dapper Labs. The Dapper Labs is the same company that created the famous CryptoKitties. The purpose of the FLOW blockchain is to be fast, secure, and developer-friendly.
In the last three months, the FLOW price has decreased by almost -43.50%. The reason behind this price drop is still unknown.
1.Top 3 Cryptocurrencies: Braintrust (BTRST) -80.5%
BTRST/USD Monthly chart – TradingView
According to its website, Braintrust is the first decentralized facility that connects freelancers with the world’s major firms. As compared with other cryptocurrencies, BTRST’s price has declined. In the last three months, BTRST’s price has decreased by almost -80.5%. Braintrust price in BTC has dropped by almost -36% while it is down -51% against Ethereum.
