While the cryptocurrency market has been in a prolonged bull run, the market is as brutal as they come. Despite the major bullish momentum, the market has not been kind to some cryptocurrencies as we take a look into the losers of the week.
Pundi X (NPXS) is the worst performing cryptocurrency of the weke with a price level of $0.0060 and a daily trading volume of $95,546,625 which went down by 60%. Pundi X is going through a token redenomination where the old Pundi X (NPXS) is swapped for the new Pundi X token (PUNDIX). 1000 NPXS tokens can be swapped for 1 PUNDIX. The redenomination will continue till 29 March 2022.
Harmony (ONE) has fallen from a top performer coin to a worst performing one. After being on an upward trend for a while and establishing its all-time high at $0.21, the cryptocurrency has been undertaken by the market corrections. Harmony stands at a price level of $0.0027 with a daily trading volume of $180,860,61. The Harmony platform is designed to facilitate the creation of decentralized apps.
Kusmaa (KSM), too, has fallen from grace as the bears griped the cryptocurrency. After trading at a new all-time high of $482, the cryptocurrency now stands at $447. The market has turned bearish for Kusama as the price has embarked on a descent. However, it is unclear at the moment whether the corrections are minor or Kusama is going to crash. Kusama is pretty similar in its working to Polkadot as it, too, focuses on block chain interoperability and scalability.
Celer Network (CELR) is trading at a price of $0.073 and the price appears to be falling in the daily time frame. The coin fell from an all-time high of $0.095. Celer Network is now on a downtrend and the weekly performance has deteriorated by 7%. The project is a scaling platform for building applications based on the block chain.
The final loser of the week is Voyager Token (VGX). The cryptocurrency has been on a downward trend since February and unlike many major coins, it was not able to establish a new all-time high in the bull run as well. The token is priced at $4.10 which went down by 7% in the past 24 hours while the daily trading volume of $12,182,143 decreased by 10%.