Cryptocurrency experts name the most unprofitable digital asset of the week

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.