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The month of March 2024, possibly one of the best periods in the history of cryptocurrencies, is coming to an end. During this time, Bitcoin has gained support in the $70,000 region, while Ethereum continues to trade at the $3,500 level. Throughout the week, the fear and greed index remained in the extreme greed zone, showing 80. The market cap also increased by 0.30% during the same period, rising to $2.66 trillion. But which altcoins were the biggest losers in the market during this process?
KuCoin Token (KCS)
Legal uncertainties during the period had a negative impact on KCS. KCS drew attention with a massive 22% drop this week. KCS topped the list of losers in cryptocurrencies throughout the week.
The token’s price dropped to a weekly low of $10.68 during this time. The token’s market cap also decreased by 8% during the same period, falling to $1 billion. Conversely, there was a 92% increase in trading volume, rising to $7.5 million.
Bittensor (TAO)
Bittensor (TAO), after experiencing a 7% drop, settled at the 44th position on CoinmarketCap with a current value of $3.1 billion. Following a 16% drop this week, it is trading at $484 at the time of writing.
During the previous bull run, TAO nearly reached its all-time high of $759.61. The price then fell after reaching $730.21.
Fantom (FTM)
Fantom‘s price has retracted to its current value of $0.9508 after reaching what was known as the highest price in the last two years at $1.1. The market cap also saw a decline following the drop in price, decreasing by 3.5% to $2.6 billion today.
FTM’s trading volume also experienced a 10.23% decrease, falling to $173 million.
Worldcoin (WLD)
Worldcoin, after its downward trend, had risen to an all-time high of $11.82 in the early days of March.
Currently valued at $8.18, WLD is positioned 30% below its ATH. Amid discussions about artificial intelligence, Worldcoin’s price surge was interrupted, and it now finds itself on the list of decliners.
Additionally, as of today, the market cap has decreased by 1.3% to $1.3 billion. Trading volume also fell by 39%, rising to $228 million.
Kaspa (KAS)
Kaspa (KAS) was among those drawing attention with its rise during the first three months of 2024. When the calendars showed the end of February, it had risen to an all-time high of $0.1894. After reaching its ATH, the price today saw a 28% decrease and is trading at this level.
As of writing, after experiencing a 5% drop over the last week, it is trading at $0.1332. The market cap also fell by 3%, valuing it at $3.08 billion.
