Top 7 Cryptocurrencies Lose Over 40% of Value in July
July started with major cryptocurrencies trading in the red. Bitcoin has lost around 18% in value and more than 56 percent in volume, as per hackernoon. Ethereum, the second cryptocurrency by capitalization, has lost over 30% in price and its monthly trading volume went down by almost 10 percent. In July, the total market capitalization has decreased by $55 billion, according to coinmarketcap.
July’s Losers
Having analyzed the top 100 digital currencies by capitalization, we defined the 7 worst performing coins of this month. They are Metaverse ETP, ABBC COIN, Qtum, VestChain, Ardor, OmiseGO, and Zcash, according to coincodex.
Metaverse ETP (ETP) is changing hands at $0.808948 per coin, approximately 57 percent down since June. The cap is $58.21 million and the daily volume is $3.11 million. The cryptocurrency can be bought on HitBTC, TOPBTC, QBTC and RightBTC cryptocurrency exchanges.
ABBC COIN (ABBC) has a capitalization of $76.19 million, with $53.22 million being traded in the last 24 hours. One coin is traded for $0.137445 at the moment of writing. That is 50.45% drop in the matter of 30 days. The digital currency has partnered with Buyaladdin, an online shopping platform, and it is now accepted as a method of payment along with Bitcoin and some altcoins.
Qtum (QTUM) is 44.51% down and is trading at $2.89 per coin. The capitalization sits at $276.69M, while $130.71 was traded over the last 24 hours. Last week, Abra app announced that it will restrict US citizens from holding a number of cryptocurrencies including Qtum.
VestChain (VEST) can be bought for $0.009096, which is 44.46% decrease in price over a month. The total market cap is $64.38 million and $31,794 worth of digital currency was traded in the last day.
Ardor (ARDR) is changing hands at $0.067897, having a 42.12% drop. The market cap sits at $67.83M, with $642,868 being traded over the previous day. On July 22, Ardor got
listed on crypto.com, a popular payments platform.
OmiseGO (OMG) has been trading 41.96% below its last month point, with a price of $1.54. OMG has a capitalization of $216.09 million and the daily volume of $48.10 million. The project reportedly obtained a large investment from Nomura Holdings, an influential Japanese investment company.
Zcash (ZEC) has a market capitalization of $472.32 million. The daily trading volume is $161.31 million. At the moment of writing, 1 ZEC can be bought for $66.69. The cryptocurrency has lost over 40% of its value in July. During this month, Zcash has experienced a hard fork, which led to the creation of Ycash, a new cryptocurrency powered by blockchain network.