Monthly Analytics: 5 Biggest Losers of July, 2020

The third quarter (Q3) of 2020 seems to turn profitable for all investors who put their money in digital currencies this period. Market prices of major coins including Bitcoin (BTC) are a whole lot more in clouds than they were in Q1 and Q2.

Since the deep lows in March, 2020, when all businesses were at a standstill due to Covid-19 pandemic, most cryptocurrencies have seen amazing gains, but others registered massive losses.

The world’s original cryptocurrency BTC has managed to hit and surpass the $12,000 price level. However, there are other altcoins that did not see light in the market during the July’s trading period. Let’s review the biggest losers during that period.

1. Ampleforth (AMPL)

The Ampleforth has faced tough times in the month of July, and it was the worst performing cryptocurrency in that period. In the last 30 days, AMPL lost by -62.75 percent.

At present, AMPL/USD is trading at around $0.725743 (-3.47%), with a market capitalization of $227.3 million and volume (24h) of $18.4 mln.

The coin is currently ranked in the 51st position. The high/low of AMPL in the month of July was $4.04 and $0.632379, respectively.

2. Compound (COMP)

Compound is currently in the 34th position by market cap. In July, COMP plunged by over -20%. However, the month of August seems to be a rally period for Compound.

The cryptocurrency is currently changing hands at almost $149.06 and has gained by 7.52% in the last 24 hours, the cryptocurrency has a MC of over $381.79 mln and volume of $65.38 million.  

The high and low price of COMP in the past 30 days was $187.99 and $121.65, respectively. Its all-time-low and all-time-high is $61.25 (June 18, 2020) and $381.89 that it hit on June 21, 2020.

Things like this rarely happen – where you find a cryptocurrency seeing its record high and low in one month and in a period not less than 4 days.

3. Nexo (NEXO)

Nexo, the 91st cryptocurrency by market cap, lost by over -17.18 percent in July. At press time, NEXO/USD is trading at about $0.170652 (-5.54%), with a MC of over $95.565 mln and volume of $5.73 mln.

NEXO hit its all-time-high of $0.539466 (May 7, 2018) and all-time-high of $0.043333 (Sep 12, 2018).

4. Verge (XVG)

Verge, ranked 86th, plummeted by more than -12.73% in the past 30 days. Currently, the coin is trading in green at $0.00616 (+0.89%), with a MC of over $100.65 million and volume (24h) of $3.728 mln.

5. Numeraire (NMR)

The month of July was not a good one for cryptocurrencies like Numeraire. The coin plunged by -10.48% in the past 30 days. 

At present, NMR is changing hands in red at $20.30 (-1.49 percent), with a MC of $55.802 million and volume (24h) of $704,740. 

The token is ranked as number 132 out of 6,244 on coinmarketcap. NMR’s high / low price in July was $22.09 and $18.59, respectively.  

Disclaimer. This analysis and forecast are the personal opinions of the author and not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing funds.