The last week of March ended with one of the strongest weeks of the year. Bitcoin has found support near $70,000, while Ethereum has found support near $35,000. That leads to the question of who will be the biggest loser in crypto this week despite bullish market conditions.
This week, the crypto market has remained in the extreme greed zone with a Fear and Greed index of 80. The market capitalization also increased by 0.30%, totaling $2.66 trillion.
What is this week's cryptocurrency loser?
The week ends with top crypto losers including KuCoin, Bittensor, Fantom, Worldcoin, and Kaspa, according to CoinmarketCap data. Let's take a look at their performances one by one.
KuCoin Token (KCS)
As legal issues continue on the KuCoin exchange, its native token, KCS, experienced a significant 22% drop this week. This week, KCS topped the list of crypto losers. The token price fell to this week’s low of $10.68. The market capitalization of the token has also decreased by 8%, with a current value of $1,050,558,550. But in contrast, trading volume soared 92% to $7,556,506.
Also read: KuCoin teases another big airdrop as users line up for $10 million reward
Bitensor (TAO)
Bittensor (TAO) is ranked 44th on CoinmarketCap and has a current value of $3,178,010,133 after facing a 7% loss. It is currently trading at $487.97 after falling 16% this week.
Previously, TAO was close to its all-time high target of $759.61, but the price declined after reaching a high of $730.21. This month, the token has recorded two near-all-time peaks, with a third peak likely forming in the coming days as TAO volumes increase by 213% and value reaches $100 million. There is a possibility.
Phantom (FTM)
Prior to this, Phantom reached a two-year high of $1.1378, but has since fallen to its current price of $0.9508. Its market capitalization has also faced a decline, with its value today being $2,665,685,438 after falling 3.5%.
It came to this point after FTM's trading volume faced a decline of 10.23%, decreasing to $173,285,308.
World Coin (WLD)
Worldcoin continued its downward trend and hit a new all-time high of $11.82 in early March. The current price is $8.29, which is nearly 30% lower than ATH. Despite the continued debate about AI, WorldCoin faces problems that should raise it, and it is on the list of crypto losers for now.
However, as of today, the market capitalization has increased by 1.06%, making it worth $1,369,816,446, and the cryptocurrency is about to trend higher. Trading volume also increased by 12%, reaching $327,320,737.
Kaspa (KAS)
Kaspa (KAS) was bullish throughout the three months of 2024, rising to an all-time high of $0.1894 by the end of February. Following the ATH record, the value was on a downward trend with a decline of 28% compared to that.
At the time of writing, it is trading at $0.1353 after facing a 5% decline in one week. The market capitalization also fell by 1.22%, giving it a value of $3,134,568,146. In contrast to these losses, the trading volume increased by 15% and its value reached his $57,287,261.
conclusion
This month, various cryptocurrencies, including Bitcoin and many other altcoins, hit new all-time highs. In contrast, some people have lost their previous gains. Top losers in crypto stood out this week, including the native token of the KuCoin exchange.
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