Losers also provide good investment potential as the market is expected to correct itself after strong bearishness. Moreover, buying the dip is always a good strategy. Here are some of the top losers of the week:
Moonbean (GLMR) has been steadily declining ever since February started. The bears are going strong for the token and have resulted in a loss of 52% during the week. At the time of writing, the token stands at a price level of $2.33. Moonbeam is a Polkadot parachain designed to further boost the development ecosystem on Ethereum.
Smooth Love Potion (SLP) had been bullish during the beginning of February but the market started to correct itself soon after. SLP has been declining ever since. The token lost 41% of its value during the week and 17% during the current day. SLP is one of the tokens of the Axie Infinity gaming ecosystem.
Syscoin (SYS) has declined by 40% during the week – making it to our top losers’ list. The token has been hit by the bearish momentum in the market as it has suffered immensely during the week. The current price of $0.49 has declined by 17% which indicates the strength of the bears; hence, the SYS token may be declining for a while.
OpenDAO (SOS) is another top loser in our list as the token has been on a downward roll since February. At the time of writing, the cryptocurrency stands at a price level of $0.0000019. The SOS token has lost 37% of its value during the running week while the daily performance shows a decline of 12%.
OriginTrail (TRAC) is the world’s first decentralized knowledge graph and one of the most solid projects in the market. The cryptocurrency is under strong market corrections which have resulted in a loss of 35% during the week and 19% during the current day. At the time of writing, the TRAC token is trading hands at $0.41 apiece.
