While the obvious choice is to invest in weekly gainers, losers also possess good investment potential as it is the ideal “buy the dip” point in their price journey. Here are some of the top losers of the week to look into:
Blocks (BLOCKS) is the top loser on our list with a decline of 86% during the week. The cryptocurrency suffered a brutal fall a couple of days ago and has not been able to reverse its trend ever since. Currently, the token is standing at a price level of $0.0034. Blocks are the first-ever legally registered DAO based in Wyoming and provide blockchain-based solutions for enterprises.
Adappter Token (ADP) has also suffered immensely during the week with a loss of 56%. The cryptocurrency is currently under strong market corrections – which are expected to end soon as the daily price movement suggests stability. Addapter provides information provision-type service to the market.
Define (DFA) ended its bullish rally as the week began and delved into market corrections. The cryptocurrency declined by 39% during the running week. Currently, the token is trading hands at $1.12 apiece while the daily price movement suggests the onset of a positive move.
Conun (CON) has lost 38% of its value during the week. The cryptocurrency had been on a downtrend; however, the trend has been reversed but an uptrend could not be established yet. Conun is working on building a distributed computing ecosystem to ensure optimal resource management.
MovieBloc (MBL) started the week on a bearish note as the token stumbled into market corrections. However, the token has not established a downtrend yet as the price appears to be largely stable as of now. MBL token declined by 37% during the week. The token is currently standing at a price level of $0.013.