% 0.76
BTC Dominance:
% 0.21
Market Cap:
$2.38 T
% 1.77
Fear & Greed:
74 / 100
$ 66.232
BTC Dominance:
% 54.5
Market Cap:
$2.38 T

Conflux and Wormhole: Unsuccesful Coins of the Week

Decrease Crypto

The past week proved to be intriguing for crypto currencies. Despite the standard ups and downs this week, Conflux and Wormhole couldn’t show up with good performances in the market.

Conflux(CFX) Drops Below $0.4

Conflux started the week with an uptrend and increased up to $0.46, making their asset holders question whether it will go up to $0.5. This question does not last long, as the CFX closed the day below $0.4.

By the end of the week, the price had dropped by $0.36. Also, upon analyzing the chart, AMBCrypto observed a consistent drop in volume simultaneous with the price loss. The volume was over $74 million at the start of the week and reached a peak of over $300 million in the week.

Wormhole(W) Couldn’t Hold Above $1

Wormhole is a new token launched on April 3rd. On the token’s release, the price went up to $1.6, and the market capitalization was around $3 billion. However, by the end of the day, the price dropped down to its initial price and continued its downtrend for the whole week.

By the weekend, Wormhole saw $0.95 and managed to end the week barely at $1. Additionally, this decline reduced its market capitalization to around $1.825 billion at the time of writing. Although the Wormhole token’s introduction marked an important turning point for the platform, its first week of trade saw a huge setback.

In this ambiguous week, these two coins couldn’t maintain a good performance on the market. However, it shouldn’t be forgotten that prices can shift rapidly because of the volatile nature of the market.

READ:  Evmos Co-Founder Returns $59 Million in Tokens

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