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.

Over the past week, the crypto market has endured the bears' activities. Although most of the top tokens were affected, a number of them are gradually returning to the top. For instance, XRP is up by 5.95% in the last seven days while seeing a decline of 0.71% in the last 24 hours. Below are the top 5 worst performing crypto over the last seven days in the market.

Anchor protocol is a platform that offers traders lending and borrowing services across the crypto market. It allows traders to earn rewards of up to 19% on all stablecoin deposits on the platform. Lenders are the major beneficiaries as they can earn rewards on their stablecoins while eliminating high volatility. Traders can enjoy the benefits of holding LUNA tokens while borrowing them out to earn profits on the protocol. Regarding its performance. The native token of the protocol, ANC, is presently trading at $3.22, with a decline of 28.40% in the last seven days. In the last 24 hours, its trading volume has been around $90,723,992. The token's market cap is $846,378,406, with about 263,056,492 ANC tokens presently in circulation.

Fantom is a platform that allows developers to carry out their activities using its special algorithm. Using the FTM native token eliminates basic issues that plague other platforms in this regard. One of the most significant features is the transaction speed which is the fastest across the sector. It acts as an alter ego for Ethereum, providing the basic activities that the network provides for traders and developers alike. Andre Cronje's exit definitely made an impact on this crypto.

FTM is presently reading around $1.18 in the last 24 hours, posting a price decline of 17.29% in the last seven days. It is a trading volume of 427,046,373 and a market cap of $3,003,035,348 in the last 24 hours. Presently, there are 3,175,000,000 FTM tokens in circulation.

Mina protocol enables users to run dApps efficiently by curtailing the computation needs of the apps. The blockchain is the smallest blockchain in size, despite the growing number of users on the network. Also, it adds a mix of balance when it comes to security and decentralization. Before October 2020, the project was called the Coda protocol. Presently, the native token of the platform, MINA, is trading at $1.68, with a drop of 14.15% over the last seven days. The token boasts a market cap of $697,801,925 with a trading volume of $32,409,305 over the last 24 hours. Presently, there are about 414,440,458 MINA tokens in circulation.

Oasis network is a scalable layer one blockchain that concentrates on high throughput and low transaction fees. Its secure architecture provides a haven for projects in the crypto sector, including NFTs, DeFi, Metaverse, Web3, and others. One of its core responsibilities is to help push Web3 forward through its early stages to full adoption across the sector. The native token of Oasis Network, ROSE, is presently trading around $0.217, seeing a decline of 9.70% in the last seven days. The token's trading volume in the previous 24 hours is around $55,380,185, while its market cap in the same duration is approximately $759,519,126. ROSE presently has about 3,493,014,306 in circulation.

Algorand was designed to be a blockchain that would sustain itself and provide support to the majority of the applications in the decentralized finance sector. The network provides security, sustainability, and efficiency, mirroring the most stable apps outside the crypto sector. The network also supports computation that gives a basis for a new form of trust. Since December 2020, Algorand has handled nothing less than 1 million daily transactions. Presently, ALGO trades at $0.702, seeing a decline of 9.43% in the last seven days. It boasts a market cap of $4,654,253,991 and a trading volume of $70,860,306 over the last 24 hours. It currently has about 6,627,013,432 tokens in circulation.

With the bears roaming across the market in the last few days, it is paramount to note that the entire market is facing a general decline. However, traders can still make most of the bear market by purchasing promising tokens. It is also advisable to ensure that you are tactical with buying the dip during this period. This ensures that you do not continue to lose when the general market starts witnessing a bull run. Besides that, traders should look carefully into the tokens they wish to commit with and diversify their portfolios in case of a prolonged general market drop in price.

Unprecedented demand for goods and services in the US market has pushed the prices to go off the roof. For the first time in nearly 40 years, inflation in the US breached the 7% mark. As a result, to put an end to the misery, the Fed has started tapering with plans to reduce asset purchases in 2022 by nearly $30 billion. As a consequence, even the crypto market had its worst crypto fall significantly in prices.

The repercussions due to this have been evident in other related markets like stocks and cryptos where we have been noticing long red candle formation in the past couple of weeks. With S & P index nosediving and cryptocurrencies gasping for breath, some of the tokens have outsmarted peers in terms of worst performance this week. So without an intention to alienate whosoever invested in these cryptos, let’s have a quick look at some of the worst-performing crypto this week. 

One Token did enter the crypto market with a promise initially to scale blockchains and provide an infrastructure for NFTs and DeFi to grow linearly. Despite the claim, the much-talked-about 4-shards that created hype among NFT projects in the midst of skyrocketing Ethereum gas fees failed to capitalize on the market sentiment. Investors' positive outlook had consolidated for Harmony’s one token much earlier despite revolutionary consensus mechanisms like EPOS or Effective Proof of Stake. 

The token has lost 30.2% of its value to feature on the list of worst-performing cryptos this week. On January 31 2022, the One token was trading at $0.1866. Fast forward to 17 days and we have seen no up movements at all.  Prices have dipped further with no signs of revival anytime soon.

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When a DeFi protocol automatically allows you to aggregate overall price movements and pick trades on your behalf, it is a relief that amateur or new investors would battle to try. Yearn.Finance entered the crypto realm with the same solution; however, things hadn’t been sunshine and rainbows for the protocol where the token prices have depreciated by almost 31.8% this past week. If you have bought YFI token as your preferred portfolio, it wasn’t a good week for you. But one can hold on to bright days ahead for sure. 

Matic recently raised $450 million from Sequoia Capital India to build Web 3.0 solutions. Despite providing additional support to Ethereum scaling in the midst of high gas costs, Matic’s performance remained abysmally under-recognized. The token has dropped by 36.1% which makes it the worst performing crypto even outpacing its peers like One Token and YFI included on the list. On January 1, Matic/Polygon was trading at around the $2.57 mark, however, within a month the token had depreciated to $1.79. 

Shiba Inu did ride on top of Elon Musk's antics where he continuously supported meme tokens. The outcome led to an unprecedented rally last year. However, 2022 hasn’t been quite promising for the token. In February, the token dipped to new lows by registering a 37.2% write-off on its value. At the moment, Shiba Inu is 65% down from its all-time high of 0.00005 registered on May 10, 2021

In 2021, the Avax token gained 2800% due to its capabilities of processing transactions at a low cost with super fast speed. However, 2022 hasn’t started on a good note for the token since it has already registered 38.2% value write-off at the time of writing making it the top loser of February 2022. However, there’s some respite due to a slight recovery picking up lately. 

All the above-mentioned tokens sank significantly in the past week. On the other hand, we can notice a very similar pattern, where prices fell towards a strong support area. Most tokens are currently around that specific important support. The coming days should determine the upcoming price-action of the entire cryptocurrency market.

Bitcoin broke below 40K, and Ether also did break below the important price of 3K. Will altcoins manage to come back stronger and break away from the Bitcoin correlation?

Don’t forget to follow us on Google News to keep yourself updated with the latest Price Predictions 😉

When El Salvador legalized Bitcoin on September 7, 2021, most of the economies criticized their stance with the IMF compelling El Salvador to reverse the decision of adopting BTC as a legal tender or be prepared for the consequences in the near future. Fast forward to 2022, we do see other countries following in the footsteps of El Salvador like India recognizing crypto as an asset and taxing any trade-in cryptocurrencies at a flat 30% rate. And, Russia is on the cusp of tabling the crypto bill in the parliament which would make BTC a legal tender in the country. Such breakouts have again attracted Bitcoin whales and even long-term investors are again pumping up their hard-earned money to the crypto market, especially Bitcoin. 

As a result, after as many as 6 months of sluggishness, BTC which slipped 50% in value from the historical ATH of 69,000 to $33,000, has started to witness positive optimism building around the crypto. The MACD or Moving Average Convergence Divergence for the first time witnessed a cross-over of 50 DAY Moving Average  (MA) over the 200 Day MA. Hence, it could set the precedent for some good days ahead; but, the majority of alt-coins ended up as the worst crypto for investment despite BTC's much-anticipated breakout in the future. Apart from Ethereum, all other alt-coins failed to establish fresh signs of revival. For example, Cardano has dropped 19% after some positive actions lately.

Solana, on the other hand, recorded a sharp fall of 20%, Shiba and Doge witnessed no different fate by recording an unparalleled 35% to 50% downward spiral. But, there are a few cryptocurrencies that did lose considerable value within the last week making them worst crypto for investment in February which almost seems impossible to digest post their steady run all this while. In case you are not aware of them, read on to explore them now.

The LDO token witnessed momentum building from February 5; however, post-February 8, we did see the momentum waning and the token continuously dipping to new lows. After registering some good gains on February 8 at 7.30 AM  where the token was trading at 2.31, it has gradually taken a U-turn and fallen to a new low of $1.61 on February 11. In January, the token lost 35% of its value. Whereas, in February, the poor show continues with almost 50% value written off in a few days. 

Kadena was a top-performing cryptocurrency last year, however, the market for the crypto has fallen in the last few months post the fear of bear market in crypto. If you look at the charts, KDA token has recorded an average 13% downside in its price. The momentum has stalled after February 8 when the token was trading at $9.24. At the moment, prices have consolidated at the $8.35 level with a 12.5 % write-off in its value at the time of writing. Charts suggest we are at the best buy zone though to witness an upside in the future. 

WAXE token has witnessed no different fate where it has fallen after a good show last week. At the moment, the token has been trading at somewhere close to $358, which is 15% less than the highest point the token recorded on February 2. 

CVX token had a good rally building up from February 2 onwards where prices shot up to as high as $29.91 from $27.32 recorded on February 8; however, the breakout failed to sustain itself and we saw prices falling as low as $25.21 on February 11. The token has nearly lost 20% of its value in a matter of a few days. Despite the sideways trend currently present in CVX prices, we are currently at the very low of that channel, hence the token losing its price.

Arweave’s poor show hasn’t been continuing for weeks but months. Even if you look at the 3 months chart, the token has been falling continuously mimicking Solana since Solana’s data is stored on AR Weave. Even the last week hasn’t been much on the brighter side with the token gradually appreciating to a $42 level on 7th February after a long downside. However, it was unable to build support for long and prices slid to as low as $35 at the time of writing. In the last couple of weeks AR Weave recorded more than 20% to 25% token depreciation. 

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Though these cryptos have fared worse this week, nonetheless, they do have a strong use case for the future. Especially tokens like Kadena. Not a financial advice though but if you have bought them, for safe keeping a hardware wallet could be a good option to pick. These wallets protect your coins from misuse since you own the private keys which are fully in your own control. 

Since making a breakthrough in the financial market, the crypto sector has increased in value no thanks to the tokens. Over the last few years, Bitcoin, coupled with some other digital assets, has held it down for the sector. We have seen massive price rises with slight declines posted in this same time frame. 2020 was a poster year for the digital asset market as it posted massive gains to end the year. However, it is not every day that one gets to see these tokens perform well. In some cases, the digital asset performs badly due to several factors. This article will be looking at the top 5 worst performing crypto for the week.

Cryptocurrencies can briefly be described as digital currencies built or developed on a blockchain. Holders of these assets can carry out various activities with them without any intervention from financial institutions. One of the most integral tenets of cryptocurrencies is that any financial body or the government cannot control them. This is because they are developed using a decentralized model. Although cryptocurrencies are now being used for purchases, most traders still see them as an investment tool.

Like other tools in the financial sector, cryptocurrencies are not stable in value. This is because their value fluctuates depending on some integral factors in the market. Using Bitcoin and Ethereum as an example, below are some of the factors that affect crypto price;

One of the most integral factors in any financial tool is demand and supply. In digital assets, the impact is immediate. This means that the demand and supply degree shows how well an asset will perform in the market. For instance, there is a massive amount of demand for Bitcoin in the market, the price would be on the high side. In the same vein, if there is a massive supply of Bitcoin without demand, the token's value will decline drastically.

The crypto sector is very wide, with many tokens being traded every day. Crypto exchanges act as the middlemen to help traders facilitate their trades faster. By so doing, they list the tokens that users can trade on their platforms. This affects the movement of tokens because traders are only open to purchasing tokens that are listed and doing well. However, the ones that aren't listed would experience more dip in value.

Use case of digital assets has become one of the integral aspects for purchasing an asset today. Some years back, people just wanted to get their hands on the next available assets. In this present day, traders prefer to purchase an asset that aims to solve real-world issues.

Token supply is also another determinant of the growth of a token. The token supply is the total number of tokens that will ever be created. Notably, tokens with very large or infinite supply rarely grow very big in price. Meanwhile, tokens that possess small or a fixed supply grow as large as possible. A typical example is Bitcoin which sells at $41,495 with a fixed supply of 21 million BTC.

The crypto market has been dealing with volatility which has caused most of the tokens to dip in price. With this, over the last few weeks, almost all the tokens have been posting losses, with some running into double digits. Although there was a little bit of relief for traders in the market this few weeks, some tokens still performed poorly. Below is a comprehensive list of the top 5 tokens that performed poorly for the week;

Convex Finance is leading the pack with a performance of -4.74% over the last one week. Presently, the token is trading at $25.83, seeing a loss of 10.57% in the last 24 hours. The token ranks on #76 on CoinMarketCap with a market cap of $1,266,021,352. Convex Finance also has a 24-hour trade volume of $14,616,125.

Klaytn takes the second spot with a performance of -3.51% in the last week. Presently, klaytn is trading at $1.1, with a 24-hour loss of 1.89%. The token is ranked at #45 on CoinMarketCap, with its market cap at $3,025,438,901. Klaytn also has a 24-hour trade volume of $33,000,175.

Taking up the third spot is Loopring, with a performance of -3.19% over the last seven days. Presently, Loopring is trading at $1.03 with a gain of 3.85% in the last 24 hours. Loopring ranks on #70 ok CoinMarketCap with a trading volume of $384,598,180 in the last 24 hours. The token also boasts a market cap of $1,373,498,735.

Yearn.Finance performed woefully over the last seven days to post a return of -1.85% and take up the fourth spot. Presently, the token is down by 5.71% in the last 24 hours while selling at $24,282. It ranks at #91 on CoinMarketCap with a market cap of $889,653,555 and a 24 hour trade volume of $138,882,198.

Fantom takes up the last spot on this list with a performance of -1.17% in the past week. Presently, the token is not faring any better by its performance of -2.10% in the last 24 hours and currently sells at $2.08. It ranks at #31 on CoinMarketCap with a market cap of $5,298,317,523. Fantom also boasts a 24-hour trading volume of $585,532,169.

The digital asset sector provides traders with one of the surest ways to make profits. This can be achieved either through trading in the short term or long term. However, traders need to perfect their strategy for trading if they intend to make it big in the crypto market. Another piece of advice that can never be over-emphasized is doing research. However, there is a chance of being blindsided in the case of volatility. But research would point you to the right tokens to invest in. Finally, portfolio diversification is also advised in case of loss of one or more tokens in your wallet.

Thousands of cryptocurrencies are now successful on the market. But not every coin made it. Numerous ideas have already failed in the crypto market. In this article, we'll talk about failed cryptocurrencies that once had great potential or made empty promises. Crypto fail? Let's see 😉

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Failed cryptocurrencies are often coins that made great promises a few years ago but ultimately turned out to be scams. The "CryptoQueen", Ruja Ignatova, organized glittering events where she presented the new "Bitcoin killer" OneCoin. But the cryptocurrency turned out to be a scam.

Ultimately, OneCoin turned out to be a Ponzi Scheme, resulting in more than $4 million in damage. Most investors put money into the system and never got a penny back. Ignatova disappeared in 2017 while an arrest warrant was out against her.

Another famous cryptocurrency scam was BitConnect. In the late 2017 bull market, the coin rose to its all-time high. It was one of the best-performing cryptocurrencies on Coinmarketcap in 2017. Shortly thereafter, it was worth almost nothing.

Now is a great time to get cheap into some cryptocurrencies that haven't failed. Buy bitcoin and other cryptocurrencies on crypto exchanges like Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Through aggressive marketing, BitConnect promised returns of 0.5% to 1% a day. Like OneCoin and other failed cryptocurrencies, BitConnect was a pyramid scheme where only the first investors benefited massively and the others lost everything.

Meme coins are now an integral part of the crypto scene. Cryptocurrencies like Dogecoin and Shiba Inu made massive gains and made many investors rich. However, many fun coins also become failed cryptocurrencies.

An example of this is the BoringCoin (ZZZ), which was considered an alternative to the big promises of high profits in other cryptocurrencies. But while the idea was fun, it didn't appeal to investors. In the same year, the coin disappeared from the scene. At least the coin didn't knowingly harm anyone.

You can purchase non-failed cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken ,  and  Bitfinex  .

A 200% to 300% increase in any portfolio makes you jump at the top of your seat. Likewise, a 100% devaluation would take away all your belongings. Wondering which market it is? We are talking about the crypto market where investment is a roller-coaster ride. I hope the Squid Game event stays fresh in memory. While the market favored tokens in the metaverse, there is a handful that choked badly. In this article, we shall look at a few worst crypto performers of 2021. Also, we will see whether they can make a comeback in 2022.

Squid Game token is the perfect example of a reckless investment. This token shot to fame post its launch. On October 27, 2021, the coin traded at $0.04 and experienced a sharp surge in prices in a few days. On October 31, 2021, it was trading at $35. At that point, the founders cashed out leading to a rug-pul. Within moments, the token zeroed and founders/developers made $3.7 million. To this day, this scam haunts all those who wanted to get rich overnight. 

It is not always the founders or developers to blame, sometimes protocols are prone to hacks. That's what had happened with Bogged finance. Bog entered the crypto-verse with a wonderful use-case. The project aimed to bring centralized finance tools to the DeFi space. Though it started off well, the token followed a bearish pattern later. It continued its downward ascend from $22.54 on May 12 to $9.26 on May 21. This wasn't all since it further fell to zero down post an attack. An attacker drained $3 million in liquidity from the Bog protocol. As a result, the ecosystem took damage control steps by burning 7.5 million Bog tokens to restore its value. 

Pancake Bunny, another token in the infamous list tricked by the flash loan scam. The token price dropped from $545.82 to $3.12. The scam took shape in the form of a hacker using large amounts of BNBs to rig the market. The hacker first took a large sum in loans and used the same to mint Bunny tokens. Later on, the market crashed due to a large amount of off-loading. The prices crashed from $238 to $25 in a few hours. However, unlike all other scams, Pancake Bunny returned $18 million to investors. Thus igniting hope that despite the absence of regulations, DeFi still has potential.

bEarn is another unlucky mention on this list. This token didn't experience price manipulation but a vault attack. Attackers used flash loans from Cream Finance of $7.8 million. The amount was deposited and withdrawn 30 times from the bEarn vault. As a result, the coin dipped from $955.99 to $16 post an $11 million loss in stablecoins. 

Ekta brought a wonderful use-case of bridging the physical and real world. However, having witnessed an unprecedented rise to $10.41 in August, the token fell to $0.15 in October. The protocol got hacked by individuals from its own team. 

Apart from Ekta and Bogged Finance, there isn't much news from other tokens that they will return. Pancake Bunny future price predictions show a zero return on investment. Whereas, Bogged Finance could make a comeback and trade at $1.22 as per experts. 2022 will be an interesting year to see how these tokens make a comeback and restore public trust.