The cryptocurrency that lost 12% per day is named

Yesterday was a serious test for the altcoin market. Crypto experts noted that most of the digital tokens in the top 100 list suffered serious losses. Terra Classic (LUNC) demonstrated the worst performance, with its quotes falling by 12%.

The digital coin can be purchased for $ 0.68. The market capitalization of LUNC fell to $ 398.44 million, and daily trading volumes were at $ 57.65 million.

Despite the skepticism demonstrated by the virtual coin’s performance, crypto trader Javon Marks predicted a 5-fold growth for LUNC. The analyst believes that Terra Classic is preparing for a powerful bull rally. The cryptocurrency began to show its first significant growth in June.

The native token of the DeFi platform GMX (GMX) was equally seriously affected. The crypto asset is trading at $ 41.27. The market capitalization was recorded at $ 369.45 million, a drop of 11.45% over the reporting period. The daily trading volume was recorded at $ 34.69 million.

The next cryptocurrency in the anti-rating is Apecoin (APE). The coin is traded at an average price of $ 1.81, a drop of 11.15% over the past 24 hours. The total supply of coins circulating on the market amounted to $ 668.56 million, with traders securing $ 111.4 million worth of transactions with APE.

Industry analysts also noted that Conflux (CFX), Compound (COMP), Aptos (APT), Kava (KAVA), and Pepe (PEPE) lost more than 9% of their value.

As for the flagship crypto asset, at the time of writing, bitcoin is trading at $ 28,648, a 1.64% drop. The total supply of coins on the market has reached $ 557.4 billion. Traders made daily trading deals worth $ 16.4 billion.

According to CoinMarketCap, as of the morning of August 17, the leading altcoin fell in value by 1.2% and is trading at $ 1,799. Ethereum’s market capitalization amounted to $ 216.2 billion. Traders made daily trading deals worth $ 5.6 billion.