Over the past week, several altcoins have suffered significant price drops. According to data, the five altcoins that lost the most in terms of price over the past week are:
THORChain (RUNE) – With a 29.8% price drop, THORChain (RUNE) was the worst-performing altcoin of the week. The coin’s value has plummeted following a recent hack that resulted in the theft of millions of dollars worth of assets.
Amp (AMP) – AMP lost 26.5% of its value in the last seven days, dropping to $0.057. The loss can be attributed to the recent market downturn and increasing regulatory scrutiny in the cryptocurrency industry.
Kusama (KSM) – Kusama experienced a 23.4% price drop, trading at $375.70. Kusama has been affected by the general cryptocurrency market decline and the wider economic uncertainty.
Chiliz (CHZ) – Chiliz lost 22.8% of its value over the past week, falling to $0.426. The loss may be related to investor concerns about the company’s long-term viability and competition from other blockchain-based platforms.
Uniswap (UNI) – UNI’s price fell by 22.7% over the last seven days, trading at $20.47. Despite the drop, UNI is still one of the most popular decentralized exchanges in the cryptocurrency market.
As with all investments, it is important to do your own research and exercise caution before investing in any cryptocurrency.