Whereas the worldwide crypto market is rallying in direction of a $1.1 trillion cap following Grayscale’s SEC win, FLEX, HEX, and others report substantial losses.
The worldwide crypto market took a U-turn because the announcement of Grayscale’s win towards the U.S. Securities and Change Fee (SEC) on Aug. 29. Regardless of the bullish market momentum, some crypto belongings have nonetheless registered notable declines over the previous 30 days.
Based on knowledge supplied by CoinMarketCap (CMC), the current market-wide hike got here after two weeks of a deep bear market. Per CMC the worldwide crypto market capitalization is approaching the $1.1 trillion mark.
Listed below are the highest 5 losers of August 2023:
FLEX leads the highest losers’ listing regardless of its good efficiency over the previous month. The asset consolidated between $5 and $7 for nearly the entire month however witnessed a deep dive on Aug. 29.
Per CMC knowledge, FLEX is down by 61% up to now 24 hours and a fair deeper dive of 67% over the previous 30 days. The asset is buying and selling at $1.73 with a $170 million market capitalization.
The second spot on the listing goes to the HEX token, with a 51.8% drop in August. Per CMC knowledge, HEX has been continually registering declines over the previous 30 days, with a 24-hour buying and selling quantity of solely $728,000. Its market cap stands at nearly $700 million.
Worldcoin (WLD), Compound (COMP), and Ordinals (ORDI) reserved the subsequent three spots on the listing with 43.8%, 42.6%, and 42.3% losses over the previous month, respectively.
These three belongings have recorded an identical sample over the previous 30 days. WLD, COMP, and ORDI registered 13.7%, 5.7%, and three.5% positive aspects up to now 24 hours. The belongings are buying and selling at $1.27, $43.5, and $3.6 on the time of writing.