The current bullish outlook of the cryptocurrency market does not mean that all is green in the market. The volatility of the cryptocurrencies ensures that some tokens are also topping our weekly losers’ list. Here are our top picks:
CryptoPlanes (CPAN) is the top loser of the week on our list with a weekly decline of 98%. The token is falling sharply as the downtrend has continued in the current day as well with a decline of 40%. CryptoPlanes is a play-to-earn game based on Binance Smart Chain. Currently, the token stands at $0.000042.
3Share (3SHARE) is under strong market corrections after seeing some bullish momentum in early February. The token has declined by 80% during the past week; however, the market corrections may appear to have ended as the current price of $5,188 has increased by 37%. Users may have missed an ideal buy opportunity for 3Shares as it might continue the uptrend once again.
Affyn (FYN) is also on a steady downtrend during the weekly timeframe. The cryptocurrency has suffered a loss of 70% during the past seven days – making it one of the top losers. Currently, the token stands at $0.48 with the price has declined by 8% during the day. Affyn is a metaverse-based project.
TNC Coin (TNC) has been highly volatile during the past week with the major trend considered to be a downtrend. The cryptocurrency has lost 64% of its value during the week. The volatility has resulted in a gain of 8% during the day but it might not be stable and TNC can possibly fall lower.
Based Finance (BASED) is the final loser of the week with a decline of 60%. The downtrend of the token continues as it has fallen by 46% during the past twenty-four hours. Based Finance is an algorithmic stablecoin pegged with the Tomb ecosystem through seigniorage. Currently, the token stands at $13.
