Cryptocurrency Market Analysis: 5 Biggest Losers of April 2021

Many cryptocurrencies including Bitcoin have registered a bearish trend during April, 2021, despite the overall bullish performance. For instance, the flagship crypto traded a 30d low of $47,159.49 on April 26.

Having analysed the market performance, CoinIdol, a world blockchain news outlet, defined the five biggest losers among the top 100 cryptocurrencies according to CoinMarketCap.

Klaytn

On May 1, Klaytn (KLAY), a cryptocurrency in Rank #30 by market cap, was trading at around $2.3. In the last 30 days, Klaytn lost by about 44.84%. The coin opened April with the price of $4.11 and closed it at $2.39.

At the beginning of the month its volume was at $543,970,797 but it later touched $112.24 million. The coin’s current 24h volume is standing at around $85,463,642, indicating a drop of over 84.29%. Klaytn’s market cap also plummeted from $9.997 bln to $5.646 billion, indicating a fall of nearly 43.52%.

Surprisingly, Klaytn recorded gains of about 180% and traded at $3.8 with a MC of $10B in March to sit in the 14th spot on CMC’s crypto rankings. It’s still unpredictable to tell which position KLAY will settle in May and beyond.

Dent

Dent (DENT) plummeted by 27.44% in the last 30 days. DENT opened April with a price of $0.01233 and later closed it with $0.01144.

Its trading volume also dropped from $266.959 million to $134.313 mln indicating a fall of about 50%. The market cap for DENT also plunged from $1.288 billion to $1.075 mln, indicating a fall of nearly 17%.

On May 1, DENT/USD was changing hands at about $0.01066 with a 24h drop of over 6%, with a MC of $997,503,212 and 24h volume of $134,485,680.

Filecoin

Filecoin (FIL), the cryptocurrency sitting in Rank #17, managed to drop by about 20% since the beginning of April.

As of May 1, its price was in red at about $158.66% with a drop of 2.75% and a market cap of $10.965B down from $11.948B at the beginning of April, 2021.

The volume was standing at $1.108 down from $12.367 billion at the beginning of April, representing a drop of $91%. Filecoin registered its all-time high of $237.24 on April 1, 2021. This shows how volatile FIL is.

Harmony

Harmony (ONE) is currently sitting in Rank #86. ONE started last month on a high pitch but as days went by, the coin started to trade bearishly. In the past 30 days, Harmony plummeted by 19.8%.

On May 1, Harmony was changing hands at about $0.1387 with a drop of about 5.33%, and a total market cap of $1,318,614,395 down from $1.666 billion, showing a drop of 21%. The coin’s trading volume was at the level of $86.531 mln down from $219.85 million, showing a decline of 61%. Harmony is a decentralized ledger tech (DLT) blockchain platform created to facilitate the design and use of DApps.

Theta Fuel

Theta Fuel (TFUEL) is now in Rank #69 with a total market cap of $1.821 billion. TFUEL declined by over 19.82% in the past 30 days.

On May 1, the price of Theta Fuel was at $0.3465 with a drop of about 2.85%, and the 24h volume of $33,532,291. TFUEL recorded its ATH of $0.5654 on March 24, 2021. Having entered the month with a bullish trend and a high of $0.4233 registered on April 5, the coin started a gradual decline. As a result, it reached a monthly low of $0.1938 on April 23. Later on, TFUEL regained its position partially. However, currently, it is difficult to define where the coin moves next.