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Over the past week, Loom Network (LOOM) has retained its status as the most unprofitable cryptocurrency. As of the evening of October 22, its quotes fell by 75.02%.
On the morning of October 23, the coin lost another 5.54% of its value. According to the CoinMarketCap analytical tracker, LOOM is trading at $ 0.104 with a market capitalization of $ 126.7 million. Traders made daily trading deals worth $ 114.5 million.
It is worth reminding that the rapid growth of the Loom Network rate began on September 20. Back then, the cryptocurrency was trading at $ 0.045. The peak was reached on October 15, when the coin was above $ 0.41. Then, a massive wave of sales began and the price plummeted to $ 0.1.
It is worth noting that several other digital tokens have significantly disappointed their investors. Among them is BarnBridge. The price of BOND fell by 38.7% during the reporting period and ended up at $ 3.93.
The cryptocurrency has undergone a correction, as it has been showing excessively high volatility over the past 10 days. For a long time, BOND was trading in the range of $ 2.2 to $ 1.6, while the daily transaction volume did not exceed $ 3 million. The situation changed dramatically on October 13, when the value of the digital token soared from $ 1.61 to $ 6.64 (as of October 15). However, four days later, the quotes fell to $ 2.64.
Overall, the situation on the global cryptocurrency market is positive. The industry’s capitalization added 2.31% to its value and settled at $ 1.12 trillion. Daily transactions increased by 28.5% to $ 52 billion. Bitcoin’s market share is 51.1%, while Ethereum’s is 17.3%. The Fear and Greed Index amounted to 49 points.