Let’s take a look at the top 10 altcoin projects that performed the worst and were abandoned by investors in 2022, in the midst of the crypto market bleeding.
Here are the 10 worst performing altcoins
- Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project was first described in 2014 as a peer-to-peer IPFS layer. It is currently trading 358.19% above the $1.83 low it reached in 2019.
- Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy, allowing individuals and businesses to build powerful DApps. It is currently trading at $0.1045.
- Theta is a Blockchain-based network created specifically for video streaming. Launched in March 2019, Theta is 943.67% worth more than its $0.01001 ATL price despite falling 14.79% in the last 7 days.
- Helium (HNT) is a decentralized, blockchain-powered network for Internet of Things (IoT) devices. HNT is down 13.55% in the last 7 days. It is currently trading at $8.24.
- THORChain is a decentralized liquidity protocol that allows easy exchange between various networks. THORChain’s price is down 14.36% in the last 7 days. It is currently trading at $3.04.
- Phantom is a directed acyclic graph (DAG) smart contract platform that provides Defi services to developers. As we have mentioned in the news of Kriptokoin.com, the announcement of Andre Cronje’s return to the sector had a positive impact on the price of FTM.
- Loopring is an open protocol for building DEX platforms. It is currently trading at $0.4995. The purpose of this cryptocurrency is to collectively transmit the options of decentralized and decentralized crypto exchanges to develop a protocol with its own benefits.
- Waves is a multi-purpose Blockchain platform that supports a variety of applications, including DApps and smart contracts. At the time of writing, it is trading below 90% of its 62.36 ATH.
- Celo is a Blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone customers. ATH is at $10.66 (August 2021) and an all-time low of $0.7955 (2020).
- The last altcoin on the list, Curve DAO Token is the DEX platform for stabkecoins that leverages an automated market maker (AMM) to handle liquidity. It is currently trading around $1.25.
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