The most unprofitable cryptocurrencies of the day are named

Today, October 12, four virtual assets failed to please their investors in the short term. The cryptocurrency ApeCoin (APE) has fallen by 8.14% over the past day and is trading at $ 4.71. The capitalization of the digital token based on the Ethereum network fell to $ 1.44 billion, and the daily transaction volume amounted to $ 331.33 million.

Another outsider was TerraClassicUSD (UTC). The cryptocurrency fell by 9.63% in 24 hours. The asset is trading at $ 0.048, with a market capitalization of $ 515.11 million. Traders made deals worth $ 427.85 million.

Yesterday, the value of the fraudulent cryptocurrency TerraClassicUSD (USTC) increased by 57%, reaching its monthly high. This happened after the Terraform Labs community accepted the proposal of Tobias Andersen, a senior developer at Bitcoin Suisse AG, to re-peg the coin to the US dollar. Andersen presented a proposal to solve the problem of the large number of unsecured USTCs and the hyperinflationary Luna Classic (LUNC) supply. He wants to recapitalize USTC through quantitative easing and reduce the huge amount of debt that accumulated in May 2022 during the Terra Classic ecosystem crash.

The Stellar Lumens (XLM) cryptocurrency also disappointed its holders. Its rate dropped by 5.66%. XLM quotes are at $ 0.116, and the total supply of coins circulating on the market is $ 2.97 billion. Market players made transactions with the currency worth $ 165.75 million.

Klaytn (KLAY) lost more than 3% over the past 24 hours. The digital asset fell to $ 0.172, with a market capitalization of $ 530.58 million. Daily trading volume reached $ 23.67 million.

It should be added that the most successful asset today is Huobi Token (HT), a cryptocurrency of the Huobi centralized exchange, which grew by 27% per day. The reason for the sharp rise was the acquisition of a controlling stake in the Huobi exchange by About Capital Management. At the time of writing, the digital asset is trading at $ 6.44.