Cryptocurrency Market Analysis: Top 5 Losers of August 2021

The market saw massive gains throughout the month of August. However, not all cryptocurrencies traded positively.

Some coins recorded losses, but they were not as high as in July. All of the top 10 coins are trading in the green, with the exception of Dogecoin (DOGE, $0.2822), which is down only 0.42% over the past 30 days.

We saw cryptocurrencies like Chainpay (CPAY, $0.01549) fall about 96.44%, Idea Chain Coin (ICH, $0.1512) fall 94.54%, DAOFi (DAOFI, $0.004203) fall about 94.32%, 3X Short Cosmos Token (ATOMBEAR, $0.0000003224) fall almost 93.44%, and Ethereum Lightning (ETLT, $0.3152) fall 92.27%.

CoinIdol, a world blockchain news outlet, has compiled a list of the top 5 worst performers of the month of August 2021 among the top 100 cryptocurrencies on the market.

Amp

The cryptocurrency Amp (AMP), which is ranked 59th, fell 22.91% in the last 30 days, making it the worst performer of the month among the top 100 coins by market cap.

At press time, AMP /USD is trading in the red at about $0.05258 (-4.29%), with a market cap of about $2,216,219,988 and volume of $112,678,742 (-20.11%).

In the last 30 days, Amp has reached a low of $0.04707 and a high of $0.0752. AMP is now down about 56.63% since hitting its all-time high (ATH) of $0.1211 about 3 months ago.

Celsius

Celsius (CEL) is an all-in-one banking and financial services network for cryptoasset customers. The CEL token is currently ranked #81 by market cap.

Celsius is down over 10% in the last 30 days. Celsius opened the month of August at $6.24 with a MC of $1,459,518,274 and $9,235,118 in volume.

At the time of writing, CEL/USD is changing hands at around $5.58 (+1.2%), with a market cap of $1,332,808,604 and volume of $7,440,809 (-19.34%).

CEL’s 30-day high and low were $5.337 and $6.69 respectively. CEL has hit a high of $8.02 and that was on June 3, 2021 which is about 3 months from now. This means that the stock needs to multiply by about 30.5% to reach a new ATH.

UNUS SED LEO

The 49th ranked cryptoasset UNUS SED LEO (LEO) is down about 4.86% in the last 30 days, making it the third worst performer of the month among the top 100 altcoins by market cap.

Currently, LEO /USD is trading in the red at about $2.94 (-1.43%), with a market cap of about $2,801B and a volume of $3,058,093 (+26.73%).

Over the past 30 days, LEO has recorded a low of $2.72 and a high of $3.11. LEO is now down nearly 25.10% since hitting its ATH of $3.92 about 4 months ago.

Dai

Dai (DAI) is an Ethereum-based stablecoin whose issuance and development is controlled by Maker Protocol and distributed independent organization MakerDAO. DAI coin is currently ranked 21st by market capitalization.

Dai is down about 0.08% in the last 30 days. DAI opened the month of August with a price of $1.00, a market cap of $5,672,046,362 and a volume of $423,059,360. At the time of writing, DAI/USD is changing hands at almost $1.00 (+0.02%), with a market cap of $6,151,051,116 (0.33%) and 24h trading volume of $584,350,440 (+26.69%).

DAI’s 30-day low and high were $0.9988 and $1.01, respectively. DAI has ever traded a high of $0.8935 and that was on September 18, 2020, about a year ago. That means Dai needs to gain almost 12% to reach a new ATH.

USD Coin

USD Coin (USDC), a stablecoin pegged 1:1 to the US dollar, is currently in 10th place but is down about 0.01% over the past 30 days, making it the fifth worst performer for the month among the top 100 cryptocurrencies by market cap.

At the time of writing, USDC/USD is trading in the green at around $1.00 (+0.01%), with a market cap of around $27,455,845,773 (-0.04%) and volume of $3,314,154,774 (20.24%).

In the last 30 days, USD Coin has recorded a low of $0.9991 and a high of $1.00. USDC is now down about 10.20% since hitting its all-time high of $1.11 about 3 years ago.

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