Cryptocurrency Market Analysis: Top 5 Losers of June 2021

June 2021 was not a profitable trading period for most cryptocurrencies, including Bitcoin. During the month, Bitcoin hit a 30-day low of $28,893, the price it last touched on December 28, 2020 (over 6 months ago). Dogecoin was the worst loser among the top 10 coins in the global cryptocurrency market.

The entire market also recorded a low of $1.154T, a figure it last recorded on February 4, 2021. This downward trend speaks volumes that cryptocurrency adoption and usage is on the decline.

Bitcoin and other cryptocurrencies have dropped in Google searches in the US, according to CoinIdol, a global blockchain news outlet. This has proven that Americans' interest in cryptocurrencies has dropped dramatically.

The entire negative state towards crypto came after the industry started to fall due to the interventions of China and Iran on cryptocurrency mining and trading. Unlike previous months, it is now very difficult to predict how cryptocurrencies will perform in this new month of July.

In the month of June, the prices of some cryptocurrencies including Crypto Village Accelerator (CVA, 0.00000001) fell over 99.84%, Aeron (ARNX, $0.0006699) fell 99.38%, Merlin (MERL, $0.2749) fell over 99.05%, Jasmy (JASMY, $0.009179) fell over 98.9%, and 12Ships (TSHIP, $0.0002307) fell about 98.05%.

Top 5 losers among the top 100 coins in the last 30 days

Internet Computer

Internet Computer (ICP) is falling at a fast acceleration. In March and April of this year, ICP was among the top 10 most popular coins by market cap, but now it ranks #21 according to data from CoinMarketCap. 

In the last 30 days, the value of Internet Computer managed to fall by 59.79%, making it the worst performer of the month.

On July 3, the ICP/USD price traded in the red at $42.58 (-11.11%) with a market cap of $5.821 billion (-10.06%) and 24-hour volume of $329.441 million, indicating a deep fall of about 40%. ICP posted a 30-day low/high of $28.34 and $136.08, respectively.

THORChain

THORChain (RUNE), a #61 ranked cryptoasset, lost about 53.02% in the last 30 days. On July 3, its price stood at $5.81 (-8.21%), MC of $1.359B, and trading volume of $71.6M.

RUNE reached a 30-day low and high of $4.5 and $13.72, respectively.

Kusama

Kusama (KSM), a #54 ranked cryptocurrency, fell about 51.1% in the last 30 days.

On July 3, the price was $194.45 (-4.65%), with a market cap of $1.654B and 24h trading volume of $153.38 (-47.6%). KSM/USD touched a 30-day low and high of $4.5 and $13.72, respectively.

Synthetix

Synthetix (SNX), a #82 ranked cryptoasset, lost about 50.27% in the last 30 days.

On July 3, SNX/USD price stood at $6.55 (-4.08%), it's MC is at $757.7M, and trading volume of $37.4M (-28%).

Synthetix recorded a 30-day low and high of $5.58 and $14.10 respectively.

Horizen

Horizen (ZEN), a digital currency ranked #61 by market cap, fell about 43.96% in the last 30 days.

On July 3, the price of ZEN /USD was in the red, standing at $60 (-4.4%), with a total MC of $680M, and trading volume of $42,355M. In June, the price of Horizen reached a 30-day low and a 30-day high of $47.68 and $116.97, respectively.