Top 7 Worst Performing Cryptocurrency Coins of April

May 04, 2019 at 10:16 // News

Last month has been characterized by great changes on the cryptocurrency market. Some  altcoins such as Bitcoin Cash and VestChain drastically surged in price, while others lost up to 63% of their value. Here you can find a list of the 7 worst performing coins out of the top 100.


Bitcoin Remains Indecisive


Bitcoin ended April with a monthly increase of 28%, collecting profits for the third month in a row. During February and March, Bitcoin grew by 11.2% and 7.8% respectively.   


An energetic rebound from the 30-DMA will open the way to $6,000. On the other hand, if Bitcoin goes below 30-DMA, it will very soon fall to the mark of $4,675, through which 50-DMA passes.   


   


April’s Losers


According to
coincodex.com, the worst performing altcoins of April we’re MaxiMine Coin (MXM), Populous (PPT), Ark (ARK), KuCoin Shares (KCS), Project Pai (PAI), Maker (MKR), and Revain (R).   


   


Maximine Coin has a market capitalization of $85.7 million and a daily volume of $9.70 million, according to
coinmarketcap. Over last month, the coin lost around 63% of its initial value, dropping from $0.148 to $0.052. The cryptocurrency is traded at such popular exchanges as CoinBene, HitBTC, and Rfinex.   


   


Blockchain-based coin Populous is changing hands at $1.08, 32% down from the total value that was recorded a month ago. With a marketcap of more than $57 million, the annual trend of PPT seems to be downward.   


   


The Crypto ARK, that is powered by Delegated Proof of Stake (DPoS) algorithm, decreased 30% and is traded at the level of $0.48 at the moment of writing. The Ark mainnet was
updated to Core v2.3 on April 23. Perhaps, the previous growth in trading volumes and price on February and March may have been caused by anticipation of the upgrade and now we are observing a massive selloff….

Source Link