Where on one hand the cryptocurrency market is filled with coins reaching towards the moon, we also have plenty of coins that are tumbling downwards. Here are the top five coins that have lost the most value in the weekly timeframe:
Space Crypto (SPE) is the top loser of the week with a decline of 93%. The cryptocurrency fell brutally during the week; however, the downtrend may soon be reversed as it has gained by more than 40% during the day. SPE token powers Space Crypto’s metaverse-based digital world.
MetaNFT (MNFT) has been one of the most hyped-up recent launches in the market; however, the market appears to have delved into corrections for the token. The cryptocurrency declined by 83%during the week. Nonetheless, the market corrections may have ended as the token, once again, surged upwards – with a gain of 30% during the day.
MisBloc (MSB) has been on a steady downtrend since the beginning of February. The cryptocurrency has not shown any signs of bullishness recently and it recorded a loss of 79% during the past week. Misbloc is a medical services ecosystem that leverages blockchain technology.
GlitzKoin (GTN) had been surging during the beginning of February; however, market corrections have gripped the token. The cryptocurrency registered a decline of 75% during the week while the daily movements suggest a relatively stable price. GlitzKoin has introduced blockchain technology to the diamond industry.
DeFi Land (DFL) is the final loser on our list. The cryptocurrency has declined by 68% during the week amidst a steady downtrend. Currently, the token stands at a price level of $0.02; however, the daily price has recorded an increase of 8%. DeFi Land is a multi-chain blockchain-based game geared towards decentralized finance.
