The bullish outlook of the market does not mean that there less losers. The volatility of the market ensures it is balanced all the time. Here are some of the top losers of the week:
Galactic Kitty Fighters (GKF) is the top loser of the week with a loss of 98%; however, the token has effectively reversed its trajectory as it gained by a staggering 270% during the day. GKF is essentially an NFT platform with a collection of 7,000 NFTs but has now expanded towards its own metaverse as well.
EMP Shares is a relatively newer project in the market. The cryptocurrency was surging upwards as January came to an end but the new month was started off on a bearish note. The token continues its battle with the bears and has declined by 86% during the week. It is the native coin of the EMP Protocol.
Snowtomb Lot (SLOT) is one of the losers of the week with a decline of 80%. However, the token has redeemed itself as it has been on a steady uptrend during the daily timeframe. Currently, the token stands at a price level of $1,022 and has increased by a staggering 160% during the daily timeframe.
Loomiestablished a new all-time high towards the end of January but has been struggling with bearish momentum ever since. The token is currently under strong market corrections as it has lost 73% of its value during the week and more than 20% of its value during the day. Loomi is a play-to-earn NFT game.
Comfy is the final loser of the week with a decline of 69%. The token has been on a steady decline during the past week and continues to lose value. At the time of writing, the token stands at a price level of $1.43. Comfy is an algorithmic stable coin that incorporates the concept of seigniorage.
