Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

10 Worst-Performing Cryptocurrencies In 2022 So Far

By ValueWalkCryptocurrencyMar 06, 2022 11:43PM ET
www.investing.com/analysis/10-worstperforming-cryptocurrencies-in-2022-so-far-200619409
10 Worst-Performing Cryptocurrencies In 2022 So Far
By ValueWalk   |  Mar 06, 2022 11:43PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The crypto market hasn’t had the best start this year. Uncertainty around COVID-19 and the Russia-Ukraine war may have pushed away many investors who were thinking about making a long-term investment in digital currency.

However, the decline in cryptocurrency prices also offers an opportunity for investors to buy quality cryptocurrencies at lower prices. Amid such a backdrop, let’s take a look at the ten worst-performing cryptocurrencies in 2022 so far.

The Ten Worst-Performing Cryptocurrencies So Far In 2022

We used the year-to-date return data from CoinMarketCap as of Feb. 28 to rank the ten worst-performing cryptocurrencies in 2022 so far, in reverse order. We have only included cryptocurrencies with a market cap of more than $1 billion.

10. Aave (-46%)

Aave was originally launched in November 2017 as ETHLend but was rebranded to Aave in September 2018. Aave is mainly a decentralized finance protocol that allows users to lend and borrow cryptocurrency. AAVE is down by over 19% in the last 30 days and is currently trading at around $114.60. It has an all-time high of $666.86 (May 2021).

9. Stacks (-46%)

Initially known as Blockstack, this cryptocurrency was rebranded to Stacks in the fourth quarter of 2020. Stacks is primarily a layer-1 blockchain solution that aims to bring smart contracts and decentralized applications (DApps) to Bitcoin. STX is down by almost 22% in the last 30 days and is currently trading at around $1.046. It has an all-time high of $3.61 (November 2021) and an all-time low of $0.04501 (March 2020).

8. Solana (-46%)

Officially launched in March 2020, Solana uses the permissionless nature of the blockchain to offer decentralized finance (DeFi) solutions. Its proof-of-history (PoH) consensus enables greater scalability of the protocol, which boosts usability. SOL is down by almost 16% in the last 30 days and is currently trading at around $81.4. It has an all-time high of $260.06 (November 2021) and an all-time low of $0.5052 (May 2020).

7. The Sandbox (-47%)

Launched in 2011, Sandbox is a blockchain-based virtual world that enables users to design, develop, buy and sell digital assets in the form of a game. Sandbox uses decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) to create a decentralized platform. SAND is down by over 23% in the last 30 days and is currently trading at around $2.778. It has an all-time high of $8.44 (November 2021) and an all-time low of $0.02894 (November 2020).

6. Celo (-49%)

Launched in April 2020, Celo is a blockchain ecosystem that focuses on boosting cryptocurrency adoption among smartphone users. It uses phone numbers as public keys to enable smartphone owners to transact in cryptocurrency. CELO is down by almost 18% in the last 30 days and is currently trading at around $2.646. It has an all-time high of $10.66 (August 2021) and an all-time low of $0.7955 (May 2020).

5. Algorand (-51%)

Launched in 2019, Algorand is a self-sustaining, decentralized blockchain-based network that supports a wide range of apps. It has been designed to reduce transaction fees and eliminate mining, as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol. ALGO is down by almost 30% in the last 30 days and is currently trading at around $0.7332. It has an all-time high of $3.28 (June 2019) and an all-time low of $0.1024 (March 2020).

4. Arweave (-53%)

Officially launched in June 2018, Arweave is a decentralized storage network that aims to provide a platform for storing data indefinitely. It was initially launched in August 2017 as Archain but was later rebranded to Arweave in February 2018. AR is currently trading at around $27.50. It has an all-time high of $90.94 (November 2021) and an all-time low of $0.4854 (May 2020).

3. Kusama (-55%)

Kusama refers to itself as "Polkadot's wild cousin." It aims to make available a massively interoperable and scalable framework for developers. KSM is currently trading at around $117. It has an all-time high of $623.75 (May 2021) and an all-time low of $0.9158 (January 2020).

2. Curve DAO Token (-60%)

Launched in January 2020, Curve DAO Token is a decentralized exchange for stablecoins that utilizes an automated market maker (AMM) to manage liquidity. Its native token is used for governance, including rewarding users depending on their liquidity commitment and length of ownership. CRV is currently trading at around $2.008. It has an all-time high of $60.50 (August 2020) and an all-time low of $0.3316 (October 2020).

1. Loopring (-61%)

Loopring is an open protocol for developing decentralized crypto exchanges. This cryptocurrency aims to bring together the features of centralized and decentralized crypto exchanges to develop a protocol with its own unique advantages while eliminating inefficiencies. LRC is currently trading at around $0.689. It has an all-time high of $3.83 (November 2021) and an all-time low of $0.01986 (December 2019).

10 Worst-Performing Cryptocurrencies In 2022 So Far
 

Related Articles

10 Worst-Performing Cryptocurrencies In 2022 So Far

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
بدر الدوسري
بدر الدوسري Mar 13, 2022 7:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
12nm22
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email