These Were The 10 Worst-Performing Cryptocurrencies In July 2022

After a dismal efficiency within the first two quarters, the crypto market bounced again strongly in July. In July, all main cryptocurrencies posted important positive factors, together with 20% for Bitcoin (BTC). In actual fact, most cryptocurrencies had been within the inexperienced in July. Nonetheless, there have been a number of cryptocurrencies that posted unfavorable returns and a few that gave much less return than others. Let’s check out the ten worst-performing cryptocurrencies in July 2022.

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Ten Worst-Performing Cryptocurrencies In July 2022

We have now taken the July return knowledge from coinmarketcap.com to rank the ten worst-performing cryptocurrencies in July 2022. We have now excluded stablecoins and have solely thought of cryptocurrencies with a market capitalization of greater than $400 million (as of July 31, 2022).

  • Stellar (XLM, 11.55%)
  • Created in 2014, it’s a peer-to-peer (P2P) decentralized community that goals to attach monetary methods. As of this writing, XLM is buying and selling at $0.1216, giving it a market cap of greater than $3 billion. XLM has an all-time excessive of $0.9381 (January 2018) and an all-time low of $0.001227 (November 2014). It’s up by over 8% within the final 90 days however is down by over 55% yr to this point.

  • KuCoin Token (KCS, 11.13%)
  • Launched in 2017, it’s a profit-sharing token that allows customers to attract worth from the trade. As of this writing, KCS is buying and selling at $10.51, giving it a market cap of greater than $1 billion. KCS has an all-time excessive of $28.80 (December 2021) and an all-time low of $0.3365 (January 2019). It’s up by virtually 5% within the final 90 days however is down by over 50% yr to this point.

  • Gala (GALA, 10.64%)
  • Launched in 2019, it goals to revolutionize the gaming business by giving gamers extra management over their video games. As of this writing, GALA is buying and selling at $0.05934, giving it a market cap of greater than $400 million. GALA has an all-time excessive of $0.8367 (November 2021) and an all-time low of $0.000151 (December 2020). It’s up by over 4% within the final 90 days however is down by over 80% yr to this point.

  • TRON (TRX, 7.01%)
  • Launched in 2017, it’s a decentralized blockchain-based working system that has been developed by the Tron Basis. Tron permits content material creators to attach instantly with their audiences. As of this writing, TRX is buying and selling at $0.06871, giving it a market cap of greater than $6 billion. TRX has an all-time excessive of $0.3004 (January 2018) and an all-time low of $0.001091 (September 2017).

  • Huobi Token (HT, 4.15%)
  • Launched in January 2018, it’s the native token of Huobi World, which is a cryptocurrency trade. It helps to cut back commissions for buying and selling operations on the trade. As of this writing, HT is buying and selling at $4.36, giving it a market cap of greater than $650 million. HT has an all-time excessive of $39.81 (Could 2021) and an all-time low of $0.8903 (January 2019).

  • Dogecoin (DOGE, 3.94%)
  • Forked from Litecoin in December 2013, it’s an open-source digital foreign money that’s based mostly on the “doge” Web meme. As of this writing, DOGE is buying and selling at $0.06833, giving it a market cap of greater than $9 billion. DOGE has an all-time excessive of $0.7376 (Could 2021) and an all-time low of $0.00008547 (Could 2015). It’s down by over 60% yr to this point and down virtually 10% within the final 90 days.

  • Helium (HNT, 2.94%)
  • Launched in July 2019, it’s a decentralized blockchain that powers IoT gadgets. Mainly, it allows low-powered wi-fi gadgets to speak and ship knowledge to one another utilizing Helium’s community of nodes. As of this writing, HNT is buying and selling at $8.44, giving it a market cap of greater than $1 billion. HNT has an all-time excessive of $55.22 (November 2021) and an all-time low of $0.2534 (June 2020).

  • Fundamental Consideration Token (BAT, 1.52%)
  • Launched in 2017, this crypto powers a digital promoting platform that rewards customers for his or her consideration, and in flip, provides advertisers a greater return on their advert funding. As of this writing, BAT is buying and selling at $0.4219, giving it a market cap of greater than $600 million. BAT has an all-time excessive of $1.92 (November 2021) and an all-time low of $0.06621 (July 2017).

  • PAX Gold (PAXG, -2.65%)
  • Launched in September 2019, it’s a gold-backed cryptocurrency. The primary goal of this digital coin is to make gold extra tradable. PAXG is tradable on a big number of exchanges. As of this writing, PAXG is buying and selling at $1,786.36, giving it a market cap of greater than $600 million. PAXG has an all-time excessive of $3,487.68 (April 2020) and an all-time low of $1,387.98 (October 2019).

  • UNUS SED LEO (LEO, -12%)
  • Launched in Could 2019, it’s a utility token that’s used throughout the iFinex ecosystem. This token has a singular burn mechanism, underneath which iFinex buys again LEO from the open market on a month-to-month foundation. As of this writing, LEO is buying and selling at $4.75, giving it a market cap of greater than $4.5 billion. LEO has an all-time excessive of $8.04 (February 2022) and an all-time low of $0.8036 (December 2019).

    Up to date on Aug 10, 2022, 10:09 am

    Source: https://xrpfamily.com/2022/08/10/these-were-the-10-worst-performing-cryptocurrencies-in-july-2022/