January’s third week saw Helium, Sui, and Terra Classic leading a parade of crypto losers
The cryptocurrency market is known for its high volatility and unpredictability, as prices can change dramatically within a short period of time. While some cryptocurrencies can enjoy impressive gains, others can suffer devastating losses. In this article, we will take a look at the 10 biggest cryptocurrency losers of the third week of January 2024, based on their percentage change in price over the last 24 hours. We will also explore the possible reasons behind their decline and their future prospects.
Helium (HNT)
Price: US$6.90
Change: Down by 13.48%
Insight: Helium has experienced a substantial hit, reflecting a significant downward trend. Additionally, the upcoming migration of Helium to the Solana blockchain, set for March 27, has been a point of interest, potentially influencing its recent price movement.
Sui (SUI)
Price: US$1.14
Change: Decrease of 12.72%
Insight: Sui’s price decline, while not as drastic as Helium’s, still indicates a notable downward trend, reflecting the broader market sentiments impacting various altcoins.
Terra Classic (LUNC)
Price: US$0.0001129
Change: Decline of 9.73%
Insight: Terra Classic has endured a significant downfall, adding to its ongoing struggles. Recent developments, including support for the 1.2% tax burn for Terra Classic (LUNC) and USTC on the Terra Classic network, have been noteworthy.
Akash Network (AKT)
Price: US$2.60
Change: Down by 9.72%
Insight: The 9.72% decline in Akash Network’s price within the last 24 hours indicates a bearish sentiment, aligning with the general downward trend observed across several altcoins.
FTX Token (FTT)
Price: US$2.72
Change: Decrease of 7.98%
Insight: FTX Token’s 7.98% downfall potentially mirrors the broader market sentiments, reflecting the impact of recent market dynamics on the cryptocurrency.
Aptos (APT)
Price: US$8.62
Change: Down by 8.78%
Insight: Aptos has undergone a significant downfall of 8.78% within the last day, suggesting a recent market correction, highlighting the volatility of the cryptocurrency market.
dydx (DYDX)
Price: US$2.87
Change: Down by 8.72%
Insight: The 8.72% decline in dydx’s price aligns with the general downward trend observed across several altcoins, reflecting the broader market weakness impacting the cryptocurrency.
Internet Computer (ICP)
Price: US$11.23
Change: Down by 8.90%
Insight: Internet Computer has witnessed a significant 8.90% decline, further amplifying its recent price depreciation, reflecting the broader market sentiments impacting the cryptocurrency.
Mina (MINA)
Price: US$1.19
Change: Down by 7.97%
Insight: Mina’s 7.97% decline reflects the broader market weakness impacting smaller altcoins, highlighting the dynamic and volatile nature of the cryptocurrency market.
Bonk (BONK)
Price: US$0.00001183
Change: Down by 8.01%
Insight: Bonk’s 8.01% decline within the last day highlights the volatility of newer meme coins, emphasizing the need for careful analysis and risk management in navigating the evolving landscape of digital assets.
