By Nathan Ferguson
The crypto spectrum gradually returns to the usual green following slumps over the past couple of weeks. Though Coinmarketcap highlights some red, the overall market outlook appears convincing. Bitcoin saw upticks within the previous few days, triggering leg-ups in the alt market.
Meanwhile, the global crypto market capitalization stood 0.46% up, at $1.89 trillion. On the other side, the total trading volume dropped 14.13%, hovering at $82.99 billion. As more cryptos target upsurges in the upcoming days, this content highlights the worst-performing tokens of the week.
Anchor Protocol (ANC): 11.24% drop
Anchor Protocol (ANC) leads the losers this week. The lending and borrowing network was among the worst performer last week. Nevertheless, it continued to lose value in the previous sessions. The platform uses ANC as its native coin. ANC traded around $2.75 at this publication, following a 0.17% 24hr loss. Moreover, the alt remains 11.24% lower over the past week, its market cap standing at $731,354,755.
Kadena (KDA): 6.09% Loss
Kadena is new in this list as the alt attempt to recuperate from a somewhat extended downside run. The protocols guarantee users top-notch functionality by combining layer1 and layer3 chains. Kadena also promises high scalability and security. KDA, its native coin, trades at $6.22, following a 0.90% 24-hours loss. Moreover, the past seven days had the token losing 6.09% of its price.
Secrete (SCRT): 1.33% Loss
Secrete is another alt attempting to erase declines recorded over the previous weeks. Smart contracts on this protocol are known as Secrete contracts, and decentralized apps can benefit from private data by this platform. SCRT trades at $4.61 at the moment, losing 1.04% within the past day. Moreover, the alt noted a 1.33% loss over the past seven days, its market cap sitting at $753,203,778.
Klaytn (KLAY): 0.36% Loss
Klaytn handles its comeback in a winning mode as the project continues to recover its losses gradually. The crypto nears the green region. It might accomplish that in the upcoming days. KLAY traded at $1.11, reflecting a 0.07% fall in the previous 24 hours. However, the token lot 0.36% over the previous week. KLAY’s trading volume sat $49,978,426, whereas its market cap hovered around $3,064,612,535.
Final Thought
The performance of these coins shows the crypto market is slowly returning to lucrative price levels. Though most tokens register upticks, some lesser-known tokens will battle challenges before smooth upswings. That way, market players should be careful with investments. Moreover, analysts urged portfolio diversifying to control losses.