Cryptocurrencies that fell the most over the past month

Cryptocurrency market experts have identified three digital assets that showed the worst results in August, with some cryptocurrencies losing more than 43% of their value. Helium (HNT), Filecoin (FIL), and Arweave (AR) recorded the largest price drops.

The first place in the anti-rating was taken by the cryptocurrency Helium (HNT), whose value decreased by 48.7%. The last month of summer, HNT started at $ 9.31 and ended at $ 4.77. Due to the drop in the exchange rate, the token’s capitalization dropped to $ 606.68 million. Nevertheless, interest in Helium has remained — the daily trading volume of HNT at the time of writing is $ 19.97 million.

The value of the Filecoin (FIL) cryptocurrency fell by 43.5%. At the time of writing, FIL is trading for $ 5.67, but in early August, the token’s value was $ 10.04. Filecoin’s capitalization has decreased to $ 1.56 billion.

The third place went to Arweave (AR), whose price dropped by 31.4%. At the beginning of August, AR was trading for $ 14.72, and at the end — for $ 10.09. The total market capitalization of Arweave fell to $ 505.43 million, and the trading volume decreased to $ 11.65 million per day.

As a reminder, cryptocurrency analysts have suggested that high unemployment in the United States could cause the flagship cryptocurrency to drop to $ 15,000. Experts came to this conclusion after the publication of the US employment report, with disappointingly high unemployment rates indicating that the Federal Reserve will raise interest rates even further.