Despite the seemingly rejuvenated market, some tokens are still being left behind in performance. These tokens have not been able to report a good performance, or the bears have now taken them over. With that being said, below is a list of the top 5 worst performing cryptos for the week.

Anchor Protocol leads the way this week for the top 5 tokens that have performed woefully. The borrowing and lending platform was one of the worst performers for last week. However, it has continued to shed more value as it has made its way to the top of the pick. Anchor allows traders to leverage the low volatility provided by the platform to carry out their respective activities. With this, traders who opt for high yields while facing little risk can benefit from trading on the protocol. The native token of the platform, ANC, is trading at $2.75 while registering a loss of 0.17 in the last 24 hours. Over the week, the token has witnessed a massive decline to post a performance of -11.24%. ANC has a trading volume of $57,391,893 and a market cap of $731,354,755. Presently, there are about 265,572,967 ANC tokens in circulation.

Kadena is a new entrant in this bracket as the digital asset is trying to recover from a seemingly long run of losses. The protocol provides users with a high level of throughput by combining the layer 1 chain with the layer 2 chains of the network. Despite this, the platform claims to provide a high level of security and scalability. Kadena wants to use blockchain to solve issues in the real world as it will look to provide tools to that effect in the future. Its native token, KDA, is presently trading at $6.22, registering a loss of 0.90% in the last 24 hours. In the last 24 hours, it has posted a trading volume of $61,065,755 and a market cap of $1,065,211,842. The protocol presently has about 171,287,601 KDA tokens in circulation.

Secret is also another new entrant in this category as it is also trying to shed off the market decline of the previous weeks. The protocol is built on Cosmos, boasting one of the tenets of the crypto sector, which is privacy. Smart contracts on the protocol are called Secret contracts, and dApps can take advantage of private data on the platform. This means that the smart contracts work the same way as those on other blockchains. One feature that Secret provides is the encryption of output without exposing any data. SCRT is presently trading at $4.61, posting a loss of 1.04% in the last 24 hours. Across the last seven days, the token has registered a loss of 1.33%. It boasts a trading volume of $20,256,555 in the last 24 hours with a market cap of 753,203,778. There are about 163,295,557 SCRT tokens in circulation.

Klaytn is currently handling its comeback into winning ways carefully as it continues to recoup lost values slowly. The token is just a bit shy of going green, which can be possible in the coming days. Klaytn is a blockchain available to the entire public focused on projects across the Metaverse. It was first launched in South Korea in 2019 before assuming a base in Singapore, where it is pushing for broader outreach. KLAY is currently trading around $1.11, with a small surge of 0.07% in the last 24 hours. However, the token still has much to do concerning its performance of a decline of 0.36% in the last seven days. In the last 24 hours, KLAY has posted a trading volume of $49,978,426 and a market cap of $3,064,612,535. The current amount of KLAY in circulation is around 2,760,876,195.

Taking up the last spot for the week is Neutrino USD, which is also another new entrant in this bracket. Like the other tokens, it is also looking for a comeback from a previous decline across weeks. Although it will not be easy, it is doing a pretty good job to that effect. The Neutrino USD is a stablecoin pegged to the dollar and used for crypto collateral. The protocol ensures that a smart contract governs every activity carried out using the token. USDN is presently trading at $0.993, with a decline in performance of about 0.19% in the last 24 hours. The token boasts a trading volume of $9,048,098 and a market cap of $734,703,829 in the same time frame. Presently, there are about 739,257,274 USDN tokens in circulation.

The performance of these tokens has shown that the market is gradually returning to a better place, as adjudged by the numbers. Although some tokens are quietly returning to the upside, other relatively unknown tokens will have to surmount challenges to follow suit. This goes without saying that traders should be careful when making investments. Even though the market is doing well, you should not leave a chance for a turn in fortune. This is why it is mandatory and essential to carry out research into the token you wish to invest your money on. Asides from that, it is also advisable to diversify your portfolio. This will help you manage losses while registering some gains across your portfolio.

The route to adoption may not look easy in the blockchain world. There are exciting innovations in the crypto world. This post is all about one such project called Secret Crypto (SCRT). The SCRT price has increased by almost +57.1% in the last few days. Let's take a look at it in more detail.

According to its website, Secret Network is a blockchain platform that gives privacy-focused smart contracts and guarantees full data privacy. Secret Network provides privacy for any discreet data gathered and held in decentralized apps (DApps).

Secret Network is an autonomous, base-layer blockchain created by utilizing the Cosmos SDK. It helps smart contract growth and presents data privacy, allowing developers to create decentralized applications that also safeguard user data and maintain privacy.

The protocol employs "programmable privacy," which is called arbitrarily involved data privacy management within an application. Secret Network names these privacy-defending applications Secret Apps. The project considers that clients and companies require fine authority over their data for blockchain technology to achieve adoption.

The protocol employs "programmable privacy," which is called arbitrarily involved data privacy management within an application. Secret Network names these privacy-defending applications Secret Apps. The project considers that clients and companies require fine authority over their data for blockchain technology to achieve adoption.

Secret Network is designed as a decentralized system of machines (secret nodes) employing authorized execution environments (TEEs) to allow safe, confidential analysis over encrypted data. TEEs work like a “black box” for data processing and are employed in all sorts of standard platforms, such as smartphones.

Since data is encrypted and confidential, Secret Network users hold “viewing keys” to see their private data. They permit users to preserve authority over their data and choose what is transferred – and with who.

The Secret Network protocol has developed at a spectacular pace since the takeoff of Secret Network on February 13th, 2020. Secret Network was established as a proof-of-stake protocol founded on Cosmos SDK/Tendermint including the native token SCRT. The takeoff of Secret Network was administered by 20+ validators scrutinizing to help the network. This symbolized the action towards decentralized governance, sustainability, and a crucial stage towards creating a layer one solution that would allow both scalability and privacy for Web 3.0.

The next crucial stage in the ecosystem emerged in June with the outcome of the Secret Foundation - an association dedicated to sustainably encouraging the development of the Secret Network ecosystem. The Secret Foundation accomplished so by extending privacy as a general interest: entrusting people by delivering tools, technologies, instruction, and permission required to maintain their autonomy. On June 19th, the Secret Games Incentivized Testnet was declared.

https://twitter.com/SecretNetwork/status/1483824783334809609?s=20

SCRT (enunciated “Secret”) is the native currency of the Secret Network. This implies SCRT is utilized to expend payments and transfer value on the network. Secret nodes should stake SCRT to function on the network, and in return they accept payments and network prizes in SCRT. When nodes proceed offline, they can be “sliced” and yield a part of their SCRT stake. Holders of SCRT who are not utilizing nodes may “bind” their stake to a particular node to evolve a delegator. Delegators have an option to make a percentage of payments and network bonuses by helping a special group of validators.

The SCRT market cap is USD 849,618,061 and it has a circulating supply of 149,815,729 SCRT coins. The SCRT coin is available on many major exchanges. When purchasing a cryptocurrency from an exchange, it is always necessary to pick a reliable one. In fact, we recommend using Gate.io and Binance to buy SCRT.