The cryptocurrency market is understood for its volatility, and this week of September 2024 has been no completely different. On this article, we’re highlighting the high 5 crypto losers of the first week of September. Based mostly on knowledge from TradingView, these tokens noticed important declines, making them the largest underperformers of the week.
TOP 5 Crypto Losers For This Week: September 2024
1. Toncoin (TON)
Toncoin (TON) takes the high spot on our crypto losers checklist, with a big 13.97% drop in its weekly efficiency. TON is at present buying and selling at $4.61, with a market cap of $11.676 billion and a circulation provide of 2.533 billion. This sharp decline has caught the consideration of many traders, marking it as the worst-performing cryptocurrency of the week.
2. Close to Protocol (NEAR)
Following carefully behind is Near Protocol (NEAR), which skilled an 11.89% drop in its worth over the previous week. NEAR is at present buying and selling at $3.62, with a market cap of $4.065 billion and a circulation provide of 1.123 billion. This notable dip has positioned NEAR firmly in the highlight for its underperformance.
3. Chainlink (LINK)
Chainlink (LINK) has additionally made it to our high 5 crypto losers checklist, with a weekly efficiency drop of 10.35%. At the second, LINK is buying and selling at $9.95, with a market cap of $6.051 billion and a circulation provide of 608.1 million. Regardless of its sturdy fundamentals, Chainlink has confronted a tricky week, leaving many traders on edge.
4. Ethereum (ETH)
Even the second-largest cryptocurrency by market cap, Ethereum (ETH), couldn’t escape this week’s market downturn. ETH noticed its worth drop by 9.53%, now buying and selling at $2,283. With a market cap of $274.719 billion and a circulation provide of 120.319 million, Ethereum’s decline is one of the most shocking actions of the week.
5. Bitcoin (BTC)
Rounding out the checklist is Bitcoin (BTC), the king of cryptocurrencies, which skilled a 7.97% drop in its worth. Bitcoin is now buying and selling at $54,365, with a market cap of $1.074 trillion and a circulation provide of 19.751 million. Whereas BTC isn’t any stranger to fluctuations, this week’s efficiency is a big dip for the market chief.
The info is correct at the time of writing, primarily based on the first week of September 2024. These cryptos have confronted powerful challenges in the market, making them the high 5 crypto losers of the week.