The Worst Performing Cryptocurrencies
The cryptocurrency market has seen some bearish trends recently, with several cryptocurrencies losing value. Let’s take a look at the worst performers:
THORChain (RUNE)
THORChain (RUNE) is currently in a correction phase after recovering from a decline. However, it has been unable to break the $7.00 resistance level. The altcoin will resume its uptrend if it manages to break this level, but selling pressure will increase if it drops below the 21-day SMA.
Last week, the price of RUNE was $6.26, with a market capitalization of $3,026,981.57 and a trading volume of $269,343,628.
Blur (BLUR)
Blur (BLUR) is experiencing an uptrend but has stalled at the $0.70 resistance zone. If it breaks below the 21-day SMA, the altcoin will decline further. Currently trading at $0.50, BLUR had a price of $0.5055 last week, a market capitalization of $1,516,020,020, and a trading volume of $139,973,729.
Maker (MKR)
Maker (MKR) is trading sideways after encountering resistance at $1,600. If it falls below the 50-day SMA, selling pressure will increase and the market may drop to a low of $1,273. MKR is currently priced at $1,435.20 and had a price of $1,436.24 last week. Its market capitalization is $1,444,722,468 with a trading volume of $71,017,092.
Kaspa (KAS)
Kaspa (KAS) has fallen below the 21-day SMA after its uptrend ended. It is currently consolidating above the $0.13 support level. The altcoin may continue to fall if it breaks below the 50-day SMA or reaches a low of $0.09. KAS had a price of $0.1309 last week, a market capitalization of $3,757,946,668, and a trading volume of $39,158,384.
Toncoin (TON)
Toncoin (TON) has recovered from a decline but is currently trending sideways. It was unable to break the $2.80 resistance level and is now trading within the moving average lines. With a price of $2.36, TON had a market capitalization of $11,847,565,566 and a trading volume of $41,953,943 last week.
Hot Take: The Worst Performing Cryptocurrencies
The cryptocurrency market has seen some significant declines in certain cryptocurrencies recently. THORChain (RUNE), Blur (BLUR), Maker (MKR), Kaspa (KAS), and Toncoin (TON) have all experienced losses in value. These cryptocurrencies are currently facing various challenges in their respective markets and are struggling to regain momentum. Investors should carefully analyze these cryptocurrencies before making any investment decisions.
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