**Top 10 Cryptocurrencies That Have Seen Losses Amidst Market Turbulence**
The world of cryptocurrency is known for its volatility, with prices often experiencing significant swings in short periods. Recently, the market witnessed a downturn, which coincided with Bitcoin’s 8% decrease after reaching an all-time high on March 5, 2024. This decline in Bitcoin’s value had a ripple effect, leading to a 6.19% decrease in the overall crypto market capitalization within the last 24 hours. In this article, we will explore the top 10 cryptocurrencies that have seen losses amidst this market turbulence.
**FLOKI (FLOKI)**
– FLOKI is one of the top losers in the market today, with a significant decrease of 14.53% in the last 24 hours.
– Its price currently stands at $0.0001188, with a trading volume of $648,194,557.
– Despite its impressive performance in the past week with a 159.84% increase, FLOKI’s price declined due to a large withdrawal of 28.19 billion tokens ($4.29 million) from Binance by a new wallet.
– Additionally, FLOKI faces challenges in terms of market cap compared to newer meme coins like PEPE and BONK.
**Filecoin (FIL)**
– Filecoin has experienced a notable decline of 12.71%, with a price of $8.92 and a trading volume of $981,754,323.
– Although it saw an increase in value by 17.74% in the past week, profit-taking or shifts in market sentiment might have contributed to this drop.
**1000SATS (SATS)**
– With a decrease of 12.57%, 1000SATS showcases the risks associated with smaller or newer projects in the crypto space.
– It currently trades at $0.0006231, with a trading volume of $233,643,002.
– Despite its commendable performance in the past seven days with a 29.78% price increase, it still experienced a significant drop.
**ORDI (ORDI)**
– ORDI has seen an 11.38% drop in the past day, reflecting broader market sentiment or specific factors affecting its ecosystem.
– Its price stands at $76.64, with a trading volume of $660,451,936.
– However, it experienced significant growth of 16.05% in the past week.
**Chiliz (CHZ)**
– Chiliz’s price has decreased by 9.85% over the past 24 hours, adding to its previous week’s decline of 2.89%.
– It is currently trading at $0.1358, with a trading volume of $202,348,545.
**Bitcoin Cash (BCH)**
– BCH has witnessed a 9.22% decrease in the past 24 hours, which may be correlated with Bitcoin’s price movements as altcoins often follow Bitcoin’s lead.
– It currently trades at $400.56, with a trading volume of $1,283,211,392.
– Interestingly, Bitcoin Cash experienced a substantial value increase of 39.64% over the past week.
**Worldcoin (WLD)**
– Worldcoin has seen a 9.15% drop in the past day and currently trades at $6.55 with a trading volume of $752,518,411.
– The AI altcoin also experienced a decrease of 5.52% over the past seven days after performing well last month.
**Bitcoin SV (BSV)**
– Bitcoin SV’s value has declined by 9.14%, likely influenced by broader market trends and its relationship with Bitcoin.
– It currently trades at $99.04, with a trading volume of $205,553,614.
– However, BSV has demonstrated an increase in value over the past week by 26.97%.
**WOO (WOO)**
– WOO has experienced a 9.08% decrease in the past 24 hours and currently trades at $0.5178, with a trading volume of $77,850,331.
– Despite a slight increase of 3.76% in its price over the past week, investors should balance high-risk assets like WOO with more stable options.
**Theta Network (THETA)**
– Theta Network’s price has declined by 8.94% in the past 24 hours, potentially as a correction after a period of rapid growth or due to shifts in market sentiment within the decentralized video streaming space.
– It currently trades at $2.72, with a trading volume of $533,139,677.
– Nevertheless, Theta Network saw an impressive increase in its value by 45.20% over the past seven days.
**Conclusion**
Incorporating trading volumes alongside current prices provides investors with a more comprehensive view of market activity among the top crypto losers. When analyzing crypto assets, it is crucial to consider both price movements and trading volumes to make informed decisions. Despite short-term fluctuations, investors should conduct thorough research, practice risk management, and stay informed about market developments. Maintaining vigilance is key to ensuring a balanced portfolio that includes both high-risk assets and more stable options while effectively navigating the ever-changing crypto landscape.
By
By
By
By