The top 5 worst performing cryptocurrencies of June 2019

The top 5 worst performing cryptocurrencies of June 2019

the 5 biggest cryptocurrency losers of the past month

Bitcoin (BTC) and the rest of the cryptomarket rose slowly but surely throughout the entire month of June. Bitcoin rose to a new annual high and sentiment became more and more positive. However, the month ended with a big bang. A strong correction ensured that most cryptocurrencies decreased considerably in value.

The biggest loser is Waves (WAVES), an altcoin with a current value of $ 1.93. Over the past 30 days, the altcoin fell by no less than 30.3% in value. This decline occurred despite the fact that the team behind the project recently launched a new programming language for smart contracts, called RIDE.

The second biggest loser is Ravencoin (RVN). With a value of now $ 0.05098, the altcoin fell in value in the last 30 days by 27.7%. There seems to be no direct reason for these losses.

Tezos (XTZ) is in third place among the biggest losers. Tezos has fallen in value by 25.7% in the last 30 days, with a price of $ 1.11. One of the reasons why the altcoin lost so much value is the impending hard fork after the developers would disagree about the direction of the project.

Number four is a top 10 cryptocurrency, EOS . The smart contract platform is over 25% in the minus and therefore has a value of $ 5.89. The altcoin has been suffering from falling prices for a long time. This would mainly have to do with the disappointing announcement that EOS and Block.one made on 1 June. In addition, the project has serious centralization problems .

Finally, we see that the altcoin stellar (XLM) is 23.3% in the minus. With this it has a value of $ 0.10356. There does not seem to be a direct reason for the sharp fall in the past 30 days for stellar either.

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About Shawn Morrison 204 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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