Top Crypto Losers of The Week

The first week of April has turned out more of a disappointment as the second quarter of the year has started with a market decline. The whole crypto market wasn’t on its best performance. So, who’s on the list of top crypto losers of the week?

Earlier, Bitcoin price dropped to $64K, Ethereum is down to $33K, and many other altcoins faced a similar downtrend.

In this blog, let us discuss the top Crypto losers of the week.

Top Crypto Losers For This Week

The week is about to end, and the top crypto losers have been identified for this week are dofwifhat, Wormhole, Conflux, Axelar, Aptos, etc.

dogwifhat (WIF)

After surging throughout the last month and creating a new all-time high of $4.85 on 31st April, dogwifhat has become the top coin in the crypto losers list. dogwifhat has followed a continuous downtrend for a week, and the price has dipped more than 27%. Currently, it’s trading at $3.29 with a market cap of $3,287,038,461. The trading volume of this meme coin is also down to $473,022,975 after a 31.17% loss.

Also Read: 7 New Cryptocurrencies to Invest in April 2024

Wormhole (W)

Wormhole is a newly launched cryptocurrency built to bridge Blockchain. Soon after the launch, the Wormhole team airdropped the W tokens, causing liquidity issues and a severe price drop. After surging to a high of $1.61, it has dropped by 28% within two days.

Wormhole is currently trading at $0.9849 with a market cap of $1,775,705,628. The trading volume of W is also down to $472,898,433 after facing a loss of 35%.

Conflux (CFX)

Conflux is trying to make a recovery in charts and has surged 2% from yesterday’s value. But it is in a weekly loss of 25%, where the value has dropped from a week high of $0.4953 to the current value of $0.3604.

Also Read: What Is Pig Butchering Scam In Crypto?

It is ranked 77th on CoinmarketCap with a market capitalization of $1,387,328,494. Its number of transactions has reduced earlier, and its trading volume is at $47,707,676 after a 13% loss.

Axelar (AXL)

Axelar has reached an all-time high of $2.66 at the start of March but had a rough start for April. The Axelar’s value has continuously declined in the last four days and is in a loss of 24% this week. It is currently trading at $1.53 with a market cap of $948,210,306.

As of now, the trading volume has spiked by 11% and is at $39,382,193.

Aptos (APT)

In the last few days, Aptos has lost 22% of its value, leading to its place in the crypto losers of the week. However, a price surge is taking place today. Aptos is ranked 24th on the CoinmarketCap, and its market cap has risen by $5,282,674,165. The number of transactions has also increased as the trading volume is up by 10%, pushing the value to $279,174,520.

Conclusion

This week’s crypto losers have lost their weeks of gains in just a few days, but that’s not the end. All the major cryptocurrency charts are marked in red, signifying an overall loss in the market.

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