The worst cryptocurrencies of May have been revealed

The spring of 2023 will be remembered for the digital asset market for its low cryptocurrency volatility and unprecedented excitement around meme coins. Earlier, we talked about the most profitable digital assets of May, but market experts also named the most unprofitable virtual coins. During the reporting period, investors in these assets lost more than 20% of their profits.

According to the results of the last month of spring, the largest losses were incurred by Optimism (OP) holders — 36.9%. The cryptocurrency’s exchange rate dropped from $ 2.19 to $ 1.38, and its market capitalization fell to $ 484.27 million. The daily volume of OP transactions is currently $ 122.66 million.

Sui (SUI) took second place in the May anti-rating. The cryptocurrency lost 25.7% of its value, with the price dropping from $ 1.28 to $ 0.95. This led to a decrease in capitalization to $ 514.27 million. The daily trading volume of SUI is $ 108.62 million.

The list of unprofitable cryptocurrencies is closed by the GMX token (GMX). The owners of the asset lost 25.2% of their investments, and the price of the virtual coin dropped from $ 72.12 to $ 53.93. The market capitalization of GMX has fallen to $ 472.89 million. Currently, GMX’s trading volume is $ 17.69 million per day.

The top five coins with the worst returns also included:

Chiliz (CHZ) — the cryptocurrency fell by 25% from $ 0.12 to $ 0.09.
Fantom (FTM) — the rate dropped by 23.8% from $ 0.42 to $ 0.32.

As for the flagship asset of BTC $56,176.92 Bitcoin -1.95% Market capitalization $1.11 trillion VOL. 24 hours $2.72 billion , at the time of writing, bitcoin is worth $ 26,438, which is 1.63% lower than yesterday. The coin’s market capitalization is $ 554.8 billion, and daily trading volume is $ 17.2 billion. According to analytical tracker CoinMarketCap, BTC’s market share is 46.6%.

The leading altcoin ETH $2,980.10 Ethereum -0.56% Market capitalization $358.22 billion VOL. 24 hours $1.5 billion is currently showing a drop of more than 2%. At the moment, ethereum is trading at $ 1,839 with a market capitalization of $ 221.1 billion. Traders have made daily trading deals with the coin worth $ 7.1 billion.