The Worst Performing Cryptocurrencies to Watch Out For
As a crypto enthusiast, you always keep an eye on the market trends to make informed decisions. This article highlights the worst performing cryptocurrencies that have faced significant challenges. Let’s explore their recent price movements and the factors contributing to their decline.
Ethena 📉
When analyzing the cryptocurrency market, it’s crucial to pay attention to tokens like Ethena (ENA) that have experienced a downturn. ENA’s price has been on a downward trend since April 11, 2024, after a period of bullish growth. The altcoin plummeted from $1.50 to $0.81, indicating a substantial decline.
- Price: $0.8221
- Market capitalization: $12.321.827.716
- Trading volume: $312,815,064
- 7-day loss: 17.94%
Toncoin 📉
Toncoin (TON) is facing challenges in maintaining its bullish momentum. Despite a recent surge, the altcoin’s price has been rejected from its peak of $7.67. Currently valued at $5.29, TON is struggling to stay above the 50-day Simple Moving Average (SMA), with the possibility of dropping to $4.60.
- Price: $5.28
- Market capitalization: $26,938,688,463
- Trading volume: $158,078,638
- 7-day loss: 15.72%
Ronin 📉
Ronin (RON) has been on a decline following a period of growth. Despite reaching a high of $4.53, the altcoin has slipped below moving average lines, signaling a potential downward trend. Currently priced at $2.74, RON is at risk of falling further if it fails to hold above the $2.40 support level.
- Current price: $2.73
- Market capitalization: $2,734,036,757
- Trading volume: $29,011,857
- 7-day loss: 13.81%
Celestia 📉
Celestia (TIA) has also faced a decline after reaching a high of $20. The altcoin is currently priced at $10.10 and is at risk of dropping below its previous low of $8.00. TIA’s performance reflects the challenges it is currently encountering in the market.
- Current price: $10.24
- Market capitalization: $10,646,707,760
- Trading volume: $73,010,256
- 7-day loss: 10.70%
Internet Computer 📉
Internet Computer (ICP) is witnessing a decline in its price, falling below moving average lines. Despite a recent recovery, ICP faces challenges in maintaining its upward momentum. Currently valued at $13.35, the altcoin is at risk of revisiting previous lows if it fails to hold above crucial support levels.
- Price: $13.27
- Market capitalization: $6,876,948,807
- Trading volume: $101,194,188
- 7-day loss: 10.50%
Hot Take: Stay Informed and Vigilant 🚀
By being aware of the worst performing cryptocurrencies in the market, you can make informed decisions and stay alert to potential risks. Keep a close watch on these coins and their price movements to navigate the crypto landscape successfully. Remember, knowledge is power in the world of cryptocurrencies!
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