The cryptocurrency drop seems like it’s continuing to dip further. Prices of most tokens attained their respective support. This post is all about the top 5 worst cryptocurrencies of the week. At the time of writing this, the BTC price is sitting at $18,412.92.The Bitcoin price has decreased by almost -35% in the last seven days. Let’s take a look at it in more detail.
5.Top 5 Worst Cryptocurrencies: Ethereum (ETH) -37.3%
Ethereum price has dropped below the magical digit of 1,000 USD for the first time in a long time. The price has consistently been closing negatively on the weekly chart for the past two months. This vast downtrend has ushered the Ethereum price to drop below 1,000 USD. Unfortunately, in the last 7 days, the ETH price has decreased by almost -37.3%, just enough for a spot on our top worst cryptocurrencies list.
4. Top 5 Worst Cryptocurrencies: THORChain (RUNE) -37.8%
3. Top 5 Worst Cryptocurrencies: Polygon (MATIC) -38.1%
Polygon is an Ethereum network scalability solution. The Ethereum blockchain was the first to enforce smart contracts. This made Ethereum the undisputed head in decentralized applications. Yet, as the number of smart contracts has increased, Ethereum has blundered to make transactions fast and efficient. The Polygon network was born out of this. Unfortunately, in the last 7 days, the MATIC price has decreased by almost -38.1%, just enough for a spot on our top worst cryptocurrencies list.
2. Top 5 Worst Cryptocurrencies: Monero (XMR) -38.2%
Monero is a cryptocurrency that facilitates an advanced level of anonymity. Monero enforces Cryptonode, a protocol that shrouds all processes on the blockchain. Each recipient obtains a special address for each transaction, a so-called stealth address, which cannot be allocated to his public address. The recipient can utilize his private key to determine the transaction on the blockchain. Unfortunately, in the last 7 days, the XMR price has decreased by almost -38.2%, just enough for a spot on our top worst cryptocurrencies list.
1.Top 5 Worst Cryptocurrencies: Aave (AAVE) -38.4%
Aave is a decentralized lending/borrowing platform. Lenders earn money by saving cryptos, while borrowers acquire the capability to have flash/microloans, provided they employ some cryptos as security. Aave holders get discounted fees on the platform which gives them a vote in the upcoming expansion of the project. Unfortunately, in the last 7 days, the AAVE price has decreased by almost -38.4%, just enough for a spot on our top worst cryptocurrencies list.