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10 Worst Performing Cryptocurrencies In H1 2022

Published 07/13/2022, 01:40 AM
Updated 05/14/2017, 06:45 AM

The crypto market witnessed a massive bull market in 2021, but this year has been different. The market has dropped by more than 50% from its November high last year. Only a few cryptocurrencies have posted a positive return this year, while many have lost more than half their value, including Bitcoin. Such a drop allows investors to buy good coins at a reduced price. Let’s look at the ten worst performing cryptocurrencies in H1 2022.

Ten Worst Performing Cryptocurrencies In H1 2022

We have used the return data of the cryptocurrencies from coinmarketcap.com to list the ten worst performing cryptocurrencies in H1 2022. For the list, we have only considered cryptocurrencies with a market capitalization of more than one billion dollars (as of July 1, 2022).

  1. Internet Computer (ICP, -80%)

Launched in 2021, it is a decentralized blockchain network that aims to expand the boundaries of internet functionality and support smart contract development. It is working on using the Chain Key Technology to extend the current public internet. ICP/USD is up by almost 17% in the last 30 days but is down by over 60% in the last 90 days. As of writing, ICP was trading at $6.61 and had a market cap of more than $1.62 billion.

  1. The Sandbox (SAND, -81%)

Launched in 2011, it is a blockchain-based virtual world that enables users to develop, buy and sell digital assets in the form of a game. SAND/USD utility token facilitates transactions on the platform. SAND is up by over 8% in the last 30 days but is down by almost 59% in the last 90 days. As of writing, SAND was trading at $1.15 and had a market cap of more than $1.44 billion.

  1. Cronos (CRO, -81%)

CRO/USD is the native currency of Cronos Chain, a decentralized, open-source blockchain from the Crypto.com payment. Cronos aims to offer utility to the users of Crypto.com, a payment, trading, and financial services company. CRO is down by almost 23% in the last 30 days and 72% in the last 90 days. As of writing, CRO was trading at $0.1168 and had a market cap of more than $2.95 billion.

  1. Solana (SOL, -82%)

Launched in 2020, it is an open-source project that provides a decentralized finance (DeFi) solution. Its proof-of-history (PoH) consensus allows for greater scalability of the protocol, and this, in turn, boosts usability. Solana is up by over 5% in the last 30 days but is down by almost 67% in the last 90 days. SOL was trading at $35.26 and had a market cap of more than $12.20 billion.

  1. Polygon (MATIC, -82%)

Launched in 2017, it is a platform for Ethereum scaling and infrastructure development. This Layer 2 scaling solution assists in transforming Ethereum into a full-fledged multi-chain system. MATIC/USD is up by over 1% in the last 30 days but is down by almost 61% in the last 90 days. MATIC was trading at $0.5809 and had a market cap of more than $4.65 billion.

  1. Algorand (ALGO, -82%)

Launched in 2019, it is an autonomous, decentralized, blockchain-based network that is secure, scalable, and efficient. It aims to speed up transactions and improve efficiency. ALGO/USD is down by over 14% in the last 30 days and by almost 59% in the last 90 days. As of writing, ALGO was trading at $0.3028 and had a market cap of more than $2.11 billion. It has an all-time high of $3.28 (June 2019) and an all-time low of $0.1024 (March 2020).

  1. Flow (FLOW, -84%)

It is a fast, decentralized, and developer-friendly blockchain. The FLOW/USD token works as a payment method and a long-term reserve asset for the Flow economy. FLOW is down by over 26% in the last 30 days and almost 73% in the last 90 days. As of writing, FLOW was trading at $1.57 and had a market cap of more than $1.62 billion. It has an all-time high of $46.16 (April 2021) and an all-time low of $1.17 (June 2020)

  1. Filecoin (FIL, -85%)

Launched in 2020, it is a decentralized storage system that works as a peer-to-peer storage network. It incentivizes members to act honestly and store as much data as possible. FIL/USD is down by over 17% in the last 30 days and over 72% in the last 90 days. As of writing, FIL was trading at $5.34 and had a market cap of more than $1.23 billion.

  1. Axie Infinity (AXS, -85%)

Created in 2018, it is a blockchain-based trading and battling game inspired by games like Pokémon and Tamagotchi. The game allows players to collect, breed, raise battle, and trade, token-based creatures. AXS/USD is down by almost 18% in the last 30 days and 71% in the last 90 days. As of writing, AXS was trading at $13.95 and had a market cap of more than $1.15 billion.

  1. Avalanche (AVAX, -86%)

Launched in 2020, it is a layer one blockchain that serves as a platform for custom blockchain networks and DApps (decentralized applications). It aims to address the blockchain trilemma. AVAX/USD is down by almost 14% in the last 30 days and over 76% in the last 90 days. As of writing, AVAX was trading at $18.18 and had a market cap of more than $5.17 billion. It has an all-time high of $146.22 (Nov. 2021) and an all-time low of $2.79 (Dec. 2020)

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