These Are The Ten Worst Performing Cryptocurrencies In November 2021

(MENAFN- ValueWalk) vjkombajn / Pixabay

The craze for cryptocurrencies is growing stronger, and one evidence of that is that the crypto market recently crossed the $3 trillion mark. Along with offering investors an opportunity to earn massive returns , the crypto market comes with its fair share of challenges as well, including extreme volatility. Such volatility, along with offering a chance to make big gains, could result in massive losses as well. Let's take a look at the ten worst performing cryptocurrencies in November 2021.

Get The Full Henry Singleton Series in PDF

Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q3 2021 hedge fund letters, conferences and more

The Children's Investment Fund Management LLP is a London-based hedge fund firm better known by its acronym TCI. Founded by Sir Chris Hohn in 2003, the fund has a global mandate and supports the Children's Investment Fund Foundation (CIFF). Q3 2021 hedge fund letters, conferences and more The CIFF was established in 2002 by Hohn Read More

• 1. Ten worst performing cryptocurrencies in November 2021
• 2. THORChain (RUNE: -16.01%)
• 3. Waves (WAVES: -16.97%)
• 4. PancakeSwap (CAKE: -17.32%)
• 5. SHIBA INU (SHIB: -17.83%)
• 6. Cardano (ADA: -17.90%)
• 7. Cosmos (ATOM: -20.04%)
• 8. BitTorrent (BTT: -20.43%)
• 9. ICON (ICX: -21.28%)
• 10. Quant (QNT: -24.84%)
• 11. OMG Network (OMG:-31.94%)

We have referred to the last one month return data (from coinmarketcap.com ) to come up with the ten worst performing cryptocurrencies in November 2021. These are the ten worst performing cryptocurrencies in November 2021:

Launched in January 2021, it is a decentralized liquidity protocol that enables users to exchange cryptocurrency assets across a range of networks. RUNE is the base currency of the THORChain ecosystem and is used for platform governance and security. It is up more than 700% YTD but is down more than 5% in the last seven days. RUNE has a market cap of over $2.70 billion and is currently trading around $10.61. It has an all-time high of $21.26 (May 2021) and an all-time low of $0.007939 (September 2019).

Launched in June 2016, this multi-purpose blockchain platform has various use cases, such as smart contracts and DApps (decentralized applications). Its native token WAVES has an uncapped supply and is used for standard payments. It is up more than 250% YTD and more than 9% in the last seven days. WAVES has a market cap of over $2.24 billion and is currently trading around $21.17. It has an all-time high of $41.33 (May 2021) and an all-time low of $0.1227 (August 2016).

Launched in September 2020, it is a DeFi (decentralized finance) app that enables users to exchange tokens. PancakeSwap also enables users to farm additional tokens, including SYRUP and CAKE. It is up more than 1,800% YTD and more than 6% in the last seven days. CAKE has a market cap of over $3.25 billion and is currently trading around $13.22. It has an all-time high of $44.18 (April 2021) and an all-time low of $0.198 (November 2020).

Created anonymously in August 2020, it aims to be a“DOGECOIN KILLER.” It is up more than 14% in the last seven days. SHIB has a market cap of over $24.08 billion and is currently trading around $0.00004444. It has an all-time high of $0.00008845 (October 2021).

Founded in 2017, its objective is to enable“changemakers, innovators and visionaries” to bring a positive global change. Its token enables owners to take part in the operation of the network. ADA is up more than 850% YTD and more than 10% in the last seven days. ADA has a market cap of over $55.5 billion and is currently trading around $1.66.

Launched in 2016, Cosmos claims to be a project that solves some of the“hardest problems” that the blockchain industry faces. Its aim is to make blockchain technology less complex for developers. It is up more than 400% YTD and more than 20% in the last seven days. ATOM has a market cap of over $6.96 billion and is currently trading around $31.46.

BitTorrent claims to be the“largest decentralized P2P communications protocol” globally. In July 2018, BitTorrent was acquired by blockchain platform TRON. Lately, BitTorrent has become more decentralized. It is up more than 970% YTD and more than 3% in the last seven days. BTT has a market cap of over $3.12 billion and is currently trading around $0.00316. It has an all-time high of $0.01426 (April 2021).

ICON is a decentralized blockchain network that focuses on interoperability. Its blockchain transmission protocol enables independent blockchains, such as Bitcoin and Ethereum, to connect and transact with each other. It is up more than 290% YTD and more than 5% in the last seven days. ICX has a market cap of over $1.18 billion and is currently trading around $1.74.

Launched in June 2018, it aims to connect blockchains and networks without reducing the interoperability and efficiency of the network. Developers need to own some QNT tokens to build a Mapp (multi-chain applications) on the network. It is up more than 1700% YTD but is down almost 1% in the last seven days. QNT has a market cap of over $2.41 billion and is currently trading around $195.65.

Founded in 2017, it is a non-custodial, layer-2 scaling solution for the Ethereum blockchain. OMG Network allows users to transfer ETH and ERC20 tokens faster and cheaper when transacting on the Ethereum network. It is up more than 220% YTD and more than 4% in the last seven days. OMG has a market cap of over $1.15 billion and is currently trading around $8.24.

Updated on Dec 3, 2021, 10:48 am

MENAFN06122021005205011743ID1103310514

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.