Top Crypto Which Performed Worst During Bitcoin Halving

The Bitcoin halving has ushered in renewed optimism in the market as most enthusiasts expect another run for most top crypto assets. Two days after the halving event saw a positive flow from most assets as Bitcoin recovered lost gains from the pre-halving liquidations that saw the price fall below $63,000. 

At press time, Bitcoin price trades at $66,256 with most top crypto assets in the green zone. However, several assets recorded outflows trading against the market’s direction. Here are the biggest losers in the market in the last 24 hours. 

dogwifhat (WIF) 

Memecoins were the top losers post-halving as most investors withdrew funds to top crypto assets likely to rally with Bitcoin. Dogwifhat is down 5.2% in the last 24 hours and 2% this week. Losses from a couple of days replaced previous gains in the market. 

 

Dogwifhat exchanges hands at $3 with a market capitalization of $2.9 billion. The asset also slightly declined in trading volumes to $506 million. While slight declines were recorded in some memecoins, commentators expect an inflow with gains from the wider market after the Bitcoin halving. 

Monero (XMR)

Privacy coin, Monero recorded a slight 1% loss in the last 24 hours. The crypto lost 2% this week extending outflows in two weeks to 10.2%. Monero has a daily trading volume of $40.6 million. XMR trades at $120.19, a popular asset for several crypto users. 

Dogecoin (DOGE) 

Dogecoin price is at $0.16, a 0.9% decline today amid the halving momentum. Several top memecoins also trade with minimal losses after the Bitcoin halving. DOGE declined 3.9% this week reducing monthly inflows to 0.2%. 

The leading memecoin has strong bullish sentiment in the crypto market with many among the community projecting massive gains. While Dogecoin remains underwater, the memecoin market recorded 1.5% inflows with some assets posting huge gains. 

Monku is the biggest gainer in the last 24 hours following a 156% inflow while Kabosu Inu and Solama recorded 58.4% and 54.6% respectively. 

Also Read: SHIB Burn: Unraveling the Burning of 449 Million Shiba Inu Token

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