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Cryptocurrency experts name the most unprofitable cryptocurrencies of the month

1:37 pm, September 8, 2023

The past 30 days have been quite difficult for most cryptocurrencies. Finbold experts have identified the top 100 digital coins that have lost the most in value.

The leader of the anti-rating is Gala (GALA). This startup is focused on the blockchain gaming segment. Over the past month, the cryptocurrency has lost more than 32.5% in value. Currently, the coin ranks 85th in the consolidated capitalization ranking. At the time of writing, the virtual coin is available for $ 0.015 with a market capitalization of $ 375.98 million. Traders made daily trading deals worth $ 46.68 million.

GMX was the next most unprofitable cryptocurrency. Over the previous 30 days, the coin lost about 32.4%. The project is focused on the mass popularization of blockchain games. Various financial incentives are used to achieve these goals. on September 8, the asset was available for purchase for $ 34.24 with a market capitalization of $ 308.44 million. Daily transactions with the asset exceeded $ 15.04 million.

The Pepe meme token rounds out the top three anti-leaders. Over the past month, the token’s quotes have dropped by more than 30%. Today, the asset has a market capitalization of $ 314.93 million, and traders have made daily trading deals worth $ 37.03 million.

It is worth noting that analysts from Coalition Greenwich published a report assessing the state of the crypto segment. Experts noted that even in the absence of a regulatory framework, the demand for crypto assets from management companies remains consistently high. Experts conducted a large-scale survey, where 60 hedge fund managers indicated that they interact with cryptocurrencies to some extent.

Most of the respondents emphasized that they expect the crypto segment to grow significantly in the coming years. Thus, about 40% of respondents believe that the overall growth rate of the crypto industry will be 11% per year. Another 20% of respondents estimated this figure at 20%.

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