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/ Pixabay The Cryptocurrency market somewhat recovered in the third quarter from its first and second quarter lows. In fact, it was among the best-performing asset in the third quarter of 2022. Overall, the market increased by about $100 billion compared to the second quarter.
Despite a better than expected run, there were some cryptocurrencies that failed to capture investor sentiments. Let's take a look at the 10 worst-performing cryptocurrencies in Q3 2022.
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David Einhorn Is Having A Great Year As He Maintains Bearish Stance [Q3 Letter]According to data from Eurekahedge, the average long/short equity hedge fund is down 11% year to date. However, David Einhorn's Greenlight Capital is bucking the trend. According to the hedge fund's third-quarter investor letter, which ValueWalk has been able to review, it returned 4% in the third quarter of 2022 after fees and expenses. Following
Table of Contents Ten Worst-Performing Cryptocurrencies In Q3 2022
We have used the third quarter return data of cryptocurrencies from to develop this list of the 10 worst-performing cryptocurrencies in Q3 2022.
We have only considered cryptocurrencies with a market capitalization of more than $400 million (as on Oct. 1, 2022) for our list of the 10 worst-performing cryptocurrencies in Q3 2022. Here are the 10 worst-performing cryptocurrencies in Q3 2022:
Enjin Coin (ENJ, -18%) First announced in July 2017, it enables game developers to tokenize in-game items on the Ethereum blockchain. ENJ is down by over 85% year to date and down by over 14% in the last month.
As of this writing, ENJ is trading at $0.4058, giving the crypto a market capitalization of more than $401 million. ENJ has an all-time high of $4.85 (November 2021) and an all-time low of $0.01562 (November 2017).
Kava (KAVA, -20%) KAVA is a layer-1 blockchain that offers both the speed and interoperability of Cosmo and the developer power of Ethereum. is down by over 69% year to date and down over 5% in the last month.
As of this writing, KAVA is trading at $1.38, giving the crypto a market capitalization of more than $413 million. KAVA has an all-time high of $9.19 (September 2021) and an all-time low of $0.30 (March 2020).
Klaytn (KLAY, -21%) Launched in June 2019, this blockchain focuses on metaverse, gamefi, and the creator economy. is down by over 90% year to date and down over 33% in the last month.
As of this writing, KLAY is trading at $0.1338, giving it a market capitalization of more than $414 million. KLAY has an all-time high of $4.38 (April 2021) and an all-time low of $0.05733 (May 2020).
Stacks (STX, -21%) STacks is a layer-1 blockchain solution that brings smart contracts and DApps (decentralized applications) to Bitcoin. STX is down by over 87% year to date and down over 11% in the last month.
As of this writing, STX is trading at $0.2949, giving the crypto a market cap of more than $3.89 billion. STX has an all-time high of $3.61 (November 2021) and an all-time low of $0.04501 (March 2020).
Decentraland (MANA, -23%) Launched in 2017, it is a virtual reality Ethereum-powered platform that enables users to develop and monetize content and applications. is down by over 82% year to date and down over 16% in one month.
As of this writing, MANA is trading at $0.5964, giving the crypto a market capitalization of more than $1 billion. MANA has an all-time high of $5.90 (November 2021) and an all-time low of $0.007883 (October 2017).
UNUS SED LEO (LEO, -28%) Launched in May 2019, it is a utility token for the iFinex ecosystem. is up by almost 7% year to date and down over 10% in the last month.
As of this writing, LEO is trading at $4.07, giving it a market capitalization of more than $3.88 billion. LEO has an all-time high of $8.04 (February 2022) and an all-time low of $0.8036 (December 2019).
THORChain (RUNE, -30%) It is a decentralized liquidity protocol that enables users to exchange cryptocurrency assets without giving up full custody of their assets in the process. is down by over 81% year to date and down over 15% in the last month.
As of this writing, RUNE is trading at $1.40, giving the crypto a market capitalization of more than $459 million. RUNE has an all-time high of $21.26 (May 2021) and an all-time low of $0.007939 (September 2019).
The Sandbox (SAND, -32%) Launched in 2012, is a blockchain-powered virtual world that allows users to create, build, buy and sell digital assets. SAND is down by over 88% year to date and down over 16% in the last month.
As of this writing, SAND is trading at $0.7136, giving it a market capitalization of more than $1 billion. SAND has an all-time high of $8.44 (November 2021) and an all-time low of $0.02894 (November 2020).
Basic Attention Token (BAT, -33%) Launched in 2017, this crypto powers a blockchain-based digital advertising platform. is down by almost 79% year to date and down over 10% in the last month.
As of this writing, BAT is trading at $0.2691, giving the crypto a market cap of more than $399 million. BAT has an all-time high of $1.92 (November 2021) and an all-time low of $0.06621 (July 2017).
Helium (HNT, -47%) Launched in July 2019, it is a decentralized network for IoT (Internet of Things) devices. is down by almost 90% year to date and down over 30% in the last month.
As of this writing, HNT is trading at $4.01, giving it a market capitalization of more than $512 million. HNT has an all-time high of $55.22 (November 2021) and an all-time low of $0.2534 (June 2020).