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5 Worst Performing Cryptos Throughout 2024
2024 is a good year for crypto asset owners in their wallets. Many assets have increased many times over. However, some go up, some go down, either because of wrong developer policies, declining hype, and so on.
Here are the 5 worst performing crypto assets throughout 2024.
Also read:
Age
The worst performing crypto asset of 2024 is Aevo (AEVO), a decentralized crypto derivatives trading protocol that offers perpetuals and options with an experience similar to using a centralized exchange .
Aevo has dropped 88.2% since its launch on March 6, 2024, at a price of US$2.8 or around Rp44 thousand. At the time of writing, the price was US$0.3557 or around Rp5 thousand.
Aevo experienced this drastic decline, one of the reasons being the release of 827 million tokens on May 15 , which increased the circulating supply by 753%.
StarkNet
The second worst performing crypto asset throughout 2024 was StarkNet (STRK), a layer-2 decentralized scaling solution for the Ethereum blockchain . StarkNet uses ZK-Rollup technology .
StarkNet has experienced a decline of 85.23% since it was first launched on February 20, 2024 at a price of US$2.7 or around Rp42 thousand. When this article was written, the price reached US$0.4615 or around Rp7 thousand.
The drop has been going on since the first day of STRK's launch, with a 50% drop on the first day of trading. According to CoinDesk , the drop was due to criticism of the schedule against the team and investors behind StarkNet.
StarkNet’s “token generation” event was initially scheduled to take place in November 2022 and the token release was not scheduled until 2024, a move that crypto observers found suspicious and unusual.
Also read: Starknet (STRK) Unlock Token Allocation Changed After Community Protests
Wormhole
Next is Wormhole (W) in third place with a decrease of 79.14% , from a price of US$1.3912 or around Rp. 22 thousand to US$0.2807 or around Rp. 4 thousand when this article was written.
The bridging protocol was just launched on April 3, 2024 on the Solana-based decentralized exchange OpenBook. Some of the reasons for Wormhole's decline are because the airdrop event held last April was targeted by crypto scammers and even the founder was attacked by malicious links after the airdrop was carried out.
In addition, there was also a forgery of Wormhole tokens with the release of a token named “wormhole” immediately after the launch of the Wormhole airdrop.
Also read: Wormhole Airdrops US$720 Million W Tokens to 400 Thousand Wallets
Safe
In fourth place is the Safe (SAFE) token which suffered a decline of up to 70.12% from a price of US$3.17 or around Rp. 51 thousand to US$0.9744 or around Rp. 15 thousand when this article was written.
The SAFE token itself had been locked for two years by the project's DAO, which was then unlocked on April 23 , allowing users to transfer their SAFE tokens. The unlocking did not take long to have an impact on the token, dropping 42% in just a week since it was unlocked.
Bitcoin Ordinals
Finally, the fifth worst performing crypto asset this year is Bitcoin Ordinals (ORDI), which has fallen by 67.10% from a price of US$78 or around Rp1.2 million on January 2, 2024, to US$26.27 or around Rp424 thousand at the time this article was written.
At the beginning of the year, ORDI experienced a decline when Bitcoin plunged below US$40 thousand or around Rp. 645 million, although it then increased due to the release of Bioniq Ordinals on March 5 and has continued to decline again until now
#newsupate #bitcoinrally #crptotokens #crptotokens
2024 is a good year for crypto asset owners in their wallets. Many assets have increased many times over. However, some go up, some go down, either because of wrong developer policies, declining hype, and so on.
Here are the 5 worst performing crypto assets throughout 2024.
Also read:
Age
The worst performing crypto asset of 2024 is Aevo (AEVO), a decentralized crypto derivatives trading protocol that offers perpetuals and options with an experience similar to using a centralized exchange .
Aevo has dropped 88.2% since its launch on March 6, 2024, at a price of US$2.8 or around Rp44 thousand. At the time of writing, the price was US$0.3557 or around Rp5 thousand.
Aevo experienced this drastic decline, one of the reasons being the release of 827 million tokens on May 15 , which increased the circulating supply by 753%.
StarkNet
The second worst performing crypto asset throughout 2024 was StarkNet (STRK), a layer-2 decentralized scaling solution for the Ethereum blockchain . StarkNet uses ZK-Rollup technology .
StarkNet has experienced a decline of 85.23% since it was first launched on February 20, 2024 at a price of US$2.7 or around Rp42 thousand. When this article was written, the price reached US$0.4615 or around Rp7 thousand.
The drop has been going on since the first day of STRK's launch, with a 50% drop on the first day of trading. According to CoinDesk , the drop was due to criticism of the schedule against the team and investors behind StarkNet.
StarkNet’s “token generation” event was initially scheduled to take place in November 2022 and the token release was not scheduled until 2024, a move that crypto observers found suspicious and unusual.
Also read: Starknet (STRK) Unlock Token Allocation Changed After Community Protests
Wormhole
Next is Wormhole (W) in third place with a decrease of 79.14% , from a price of US$1.3912 or around Rp. 22 thousand to US$0.2807 or around Rp. 4 thousand when this article was written.
The bridging protocol was just launched on April 3, 2024 on the Solana-based decentralized exchange OpenBook. Some of the reasons for Wormhole's decline are because the airdrop event held last April was targeted by crypto scammers and even the founder was attacked by malicious links after the airdrop was carried out.
In addition, there was also a forgery of Wormhole tokens with the release of a token named “wormhole” immediately after the launch of the Wormhole airdrop.
Also read: Wormhole Airdrops US$720 Million W Tokens to 400 Thousand Wallets
Safe
In fourth place is the Safe (SAFE) token which suffered a decline of up to 70.12% from a price of US$3.17 or around Rp. 51 thousand to US$0.9744 or around Rp. 15 thousand when this article was written.
The SAFE token itself had been locked for two years by the project's DAO, which was then unlocked on April 23 , allowing users to transfer their SAFE tokens. The unlocking did not take long to have an impact on the token, dropping 42% in just a week since it was unlocked.
Bitcoin Ordinals
Finally, the fifth worst performing crypto asset this year is Bitcoin Ordinals (ORDI), which has fallen by 67.10% from a price of US$78 or around Rp1.2 million on January 2, 2024, to US$26.27 or around Rp424 thousand at the time this article was written.
At the beginning of the year, ORDI experienced a decline when Bitcoin plunged below US$40 thousand or around Rp. 645 million, although it then increased due to the release of Bioniq Ordinals on March 5 and has continued to decline again until now
#newsupate #bitcoinrally #crptotokens #crptotokens
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