When El Salvador legalized Bitcoin on September 7, 2021, most of the economies criticized their stance with the IMF compelling El Salvador to reverse the decision of adopting BTC as a legal tender or be prepared for the consequences in the near future. Fast forward to 2022, we do see other countries following in the footsteps of El Salvador like India recognizing crypto as an asset and taxing any trade-in cryptocurrencies at a flat 30% rate. And, Russia is on the cusp of tabling the crypto bill in the parliament which would make BTC a legal tender in the country. Such breakouts have again attracted Bitcoin whales and even long-term investors are again pumping up their hard-earned money to the crypto market, especially Bitcoin. 

As a result, after as many as 6 months of sluggishness, BTC which slipped 50% in value from the historical ATH of 69,000 to $33,000, has started to witness positive optimism building around the crypto. The MACD or Moving Average Convergence Divergence for the first time witnessed a cross-over of 50 DAY Moving Average  (MA) over the 200 Day MA. Hence, it could set the precedent for some good days ahead; but, the majority of alt-coins ended up as the worst crypto for investment despite BTC's much-anticipated breakout in the future. Apart from Ethereum, all other alt-coins failed to establish fresh signs of revival. For example, Cardano has dropped 19% after some positive actions lately.

Solana, on the other hand, recorded a sharp fall of 20%, Shiba and Doge witnessed no different fate by recording an unparalleled 35% to 50% downward spiral. But, there are a few cryptocurrencies that did lose considerable value within the last week making them worst crypto for investment in February which almost seems impossible to digest post their steady run all this while. In case you are not aware of them, read on to explore them now.

The LDO token witnessed momentum building from February 5; however, post-February 8, we did see the momentum waning and the token continuously dipping to new lows. After registering some good gains on February 8 at 7.30 AM  where the token was trading at 2.31, it has gradually taken a U-turn and fallen to a new low of $1.61 on February 11. In January, the token lost 35% of its value. Whereas, in February, the poor show continues with almost 50% value written off in a few days. 

Kadena was a top-performing cryptocurrency last year, however, the market for the crypto has fallen in the last few months post the fear of bear market in crypto. If you look at the charts, KDA token has recorded an average 13% downside in its price. The momentum has stalled after February 8 when the token was trading at $9.24. At the moment, prices have consolidated at the $8.35 level with a 12.5 % write-off in its value at the time of writing. Charts suggest we are at the best buy zone though to witness an upside in the future. 

WAXE token has witnessed no different fate where it has fallen after a good show last week. At the moment, the token has been trading at somewhere close to $358, which is 15% less than the highest point the token recorded on February 2. 

CVX token had a good rally building up from February 2 onwards where prices shot up to as high as $29.91 from $27.32 recorded on February 8; however, the breakout failed to sustain itself and we saw prices falling as low as $25.21 on February 11. The token has nearly lost 20% of its value in a matter of a few days. Despite the sideways trend currently present in CVX prices, we are currently at the very low of that channel, hence the token losing its price.

Arweave’s poor show hasn’t been continuing for weeks but months. Even if you look at the 3 months chart, the token has been falling continuously mimicking Solana since Solana’s data is stored on AR Weave. Even the last week hasn’t been much on the brighter side with the token gradually appreciating to a $42 level on 7th February after a long downside. However, it was unable to build support for long and prices slid to as low as $35 at the time of writing. In the last couple of weeks AR Weave recorded more than 20% to 25% token depreciation. 

? Buy AR Token Here ?

Though these cryptos have fared worse this week, nonetheless, they do have a strong use case for the future. Especially tokens like Kadena. Not a financial advice though but if you have bought them, for safe keeping a hardware wallet could be a good option to pick. These wallets protect your coins from misuse since you own the private keys which are fully in your own control. 

A 200% to 300% increase in any portfolio makes you jump at the top of your seat. Likewise, a 100% devaluation would take away all your belongings. Wondering which market it is? We are talking about the crypto market where investment is a roller-coaster ride. I hope the Squid Game event stays fresh in memory. While the market favored tokens in the metaverse, there is a handful that choked badly. In this article, we shall look at a few worst crypto performers of 2021. Also, we will see whether they can make a comeback in 2022.

Squid Game token is the perfect example of a reckless investment. This token shot to fame post its launch. On October 27, 2021, the coin traded at $0.04 and experienced a sharp surge in prices in a few days. On October 31, 2021, it was trading at $35. At that point, the founders cashed out leading to a rug-pul. Within moments, the token zeroed and founders/developers made $3.7 million. To this day, this scam haunts all those who wanted to get rich overnight. 

It is not always the founders or developers to blame, sometimes protocols are prone to hacks. That's what had happened with Bogged finance. Bog entered the crypto-verse with a wonderful use-case. The project aimed to bring centralized finance tools to the DeFi space. Though it started off well, the token followed a bearish pattern later. It continued its downward ascend from $22.54 on May 12 to $9.26 on May 21. This wasn't all since it further fell to zero down post an attack. An attacker drained $3 million in liquidity from the Bog protocol. As a result, the ecosystem took damage control steps by burning 7.5 million Bog tokens to restore its value. 

Pancake Bunny, another token in the infamous list tricked by the flash loan scam. The token price dropped from $545.82 to $3.12. The scam took shape in the form of a hacker using large amounts of BNBs to rig the market. The hacker first took a large sum in loans and used the same to mint Bunny tokens. Later on, the market crashed due to a large amount of off-loading. The prices crashed from $238 to $25 in a few hours. However, unlike all other scams, Pancake Bunny returned $18 million to investors. Thus igniting hope that despite the absence of regulations, DeFi still has potential.

bEarn is another unlucky mention on this list. This token didn't experience price manipulation but a vault attack. Attackers used flash loans from Cream Finance of $7.8 million. The amount was deposited and withdrawn 30 times from the bEarn vault. As a result, the coin dipped from $955.99 to $16 post an $11 million loss in stablecoins. 

Ekta brought a wonderful use-case of bridging the physical and real world. However, having witnessed an unprecedented rise to $10.41 in August, the token fell to $0.15 in October. The protocol got hacked by individuals from its own team. 

Apart from Ekta and Bogged Finance, there isn't much news from other tokens that they will return. Pancake Bunny future price predictions show a zero return on investment. Whereas, Bogged Finance could make a comeback and trade at $1.22 as per experts. 2022 will be an interesting year to see how these tokens make a comeback and restore public trust.