"Investors don't be disappointed, maybe this crypto can go up in the future."
It is well known that the hemorrhaging cryptocurrency market since last year has had a negative impact on some crypto exchange companies, but some have fared worse. Here are some of the digital assets that will experience the most losses in 2023.
Terra Classic (LUNC) (decline -100%)
LUNC is a blockchain platform launched in 2019 to develop algorithmic stablecoins, but its price has plummeted from $1 to $0.000168 so far.
TerraClassicUSD (USDC) (down -96.90%)
USTC is an algorithmic stablecoin intended to track the price of the United States (US) dollar built on the Terra blockchain. At the beginning of the year, the digital asset was trading at $1 but slowly started to fall at $0.031066.
Moonbeam (GLMR) (down -95.79%)
GLMR leverages Ethereum (ETH) and Polkadot (DOT) technology as part of the DOT network. In early January 2021, the digital asset reached a price level of $15.35 but is now slipping at $0.54.
Harmony (ONE) (down -91.41%)
Among the goals of ONE is to develop blockchain transactions so that they are faster. Until now the price is at the level of $0.02741 compared to previously reaching $0.37809 in January 2023.
GALA (down -91.21%)
Despite having a strong background in decentralized gaming, GALA previously plunged to a price level of $0.041096 before rebounding to $0.04757 in the past 24 hours.
AMP (down -89.91)
AMP which exists on the Ethereum (ETH) blockchain is part of its efforts to facilitate the transfer of funds. In January 2023, the digital asset reached a level of $0.55503 before falling to $0.00526.
Fantom (FTM) (down -86.91%)
FTM is the world's first smart contract system based on directed acrylic graph (DAG)*, where the price reached $3.36 earlier this year but has since started to collapse at $0.52.
*A data modeling or structuring tool commonly used in cryptocurrencies
Kadena (KDA) (down -89.08%)
KDA belongs to the blockchain with a Proof-of-Work (PoW) system that runs Chainweb. As of this writing, the price is hovering in the $1.24 zone in the last 24 hours.
Conves Value (CVX) (down -88.54%)
CVX has lost more than 88% of its value this year, with the digital asset breaching the $60 mark but now sitting at $6.70.
SUSHI (down -88.51)
SUSHI is a DeFi protocol governance token that is forked* on Uniswap to implement SushiSwap. As of now, the price of the digital asset is hovering in the $1.45 zone.
*Technical phenomenon that occurs when a blockchain splits into two separate branches
