Despite the seemingly rejuvenated market, some tokens are still being left behind in performance. These tokens have not been able to report a good performance, or the bears have now taken them over. With that being said, below is a list of the top 5 worst performing cryptos for the week.

Anchor Protocol leads the way this week for the top 5 tokens that have performed woefully. The borrowing and lending platform was one of the worst performers for last week. However, it has continued to shed more value as it has made its way to the top of the pick. Anchor allows traders to leverage the low volatility provided by the platform to carry out their respective activities. With this, traders who opt for high yields while facing little risk can benefit from trading on the protocol. The native token of the platform, ANC, is trading at $2.75 while registering a loss of 0.17 in the last 24 hours. Over the week, the token has witnessed a massive decline to post a performance of -11.24%. ANC has a trading volume of $57,391,893 and a market cap of $731,354,755. Presently, there are about 265,572,967 ANC tokens in circulation.

Kadena is a new entrant in this bracket as the digital asset is trying to recover from a seemingly long run of losses. The protocol provides users with a high level of throughput by combining the layer 1 chain with the layer 2 chains of the network. Despite this, the platform claims to provide a high level of security and scalability. Kadena wants to use blockchain to solve issues in the real world as it will look to provide tools to that effect in the future. Its native token, KDA, is presently trading at $6.22, registering a loss of 0.90% in the last 24 hours. In the last 24 hours, it has posted a trading volume of $61,065,755 and a market cap of $1,065,211,842. The protocol presently has about 171,287,601 KDA tokens in circulation.

Secret is also another new entrant in this category as it is also trying to shed off the market decline of the previous weeks. The protocol is built on Cosmos, boasting one of the tenets of the crypto sector, which is privacy. Smart contracts on the protocol are called Secret contracts, and dApps can take advantage of private data on the platform. This means that the smart contracts work the same way as those on other blockchains. One feature that Secret provides is the encryption of output without exposing any data. SCRT is presently trading at $4.61, posting a loss of 1.04% in the last 24 hours. Across the last seven days, the token has registered a loss of 1.33%. It boasts a trading volume of $20,256,555 in the last 24 hours with a market cap of 753,203,778. There are about 163,295,557 SCRT tokens in circulation.

Klaytn is currently handling its comeback into winning ways carefully as it continues to recoup lost values slowly. The token is just a bit shy of going green, which can be possible in the coming days. Klaytn is a blockchain available to the entire public focused on projects across the Metaverse. It was first launched in South Korea in 2019 before assuming a base in Singapore, where it is pushing for broader outreach. KLAY is currently trading around $1.11, with a small surge of 0.07% in the last 24 hours. However, the token still has much to do concerning its performance of a decline of 0.36% in the last seven days. In the last 24 hours, KLAY has posted a trading volume of $49,978,426 and a market cap of $3,064,612,535. The current amount of KLAY in circulation is around 2,760,876,195.

Taking up the last spot for the week is Neutrino USD, which is also another new entrant in this bracket. Like the other tokens, it is also looking for a comeback from a previous decline across weeks. Although it will not be easy, it is doing a pretty good job to that effect. The Neutrino USD is a stablecoin pegged to the dollar and used for crypto collateral. The protocol ensures that a smart contract governs every activity carried out using the token. USDN is presently trading at $0.993, with a decline in performance of about 0.19% in the last 24 hours. The token boasts a trading volume of $9,048,098 and a market cap of $734,703,829 in the same time frame. Presently, there are about 739,257,274 USDN tokens in circulation.

The performance of these tokens has shown that the market is gradually returning to a better place, as adjudged by the numbers. Although some tokens are quietly returning to the upside, other relatively unknown tokens will have to surmount challenges to follow suit. This goes without saying that traders should be careful when making investments. Even though the market is doing well, you should not leave a chance for a turn in fortune. This is why it is mandatory and essential to carry out research into the token you wish to invest your money on. Asides from that, it is also advisable to diversify your portfolio. This will help you manage losses while registering some gains across your portfolio.

Over the past week, the crypto market has endured the bears' activities. Although most of the top tokens were affected, a number of them are gradually returning to the top. For instance, XRP is up by 5.95% in the last seven days while seeing a decline of 0.71% in the last 24 hours. Below are the top 5 worst performing crypto over the last seven days in the market.

Anchor protocol is a platform that offers traders lending and borrowing services across the crypto market. It allows traders to earn rewards of up to 19% on all stablecoin deposits on the platform. Lenders are the major beneficiaries as they can earn rewards on their stablecoins while eliminating high volatility. Traders can enjoy the benefits of holding LUNA tokens while borrowing them out to earn profits on the protocol. Regarding its performance. The native token of the protocol, ANC, is presently trading at $3.22, with a decline of 28.40% in the last seven days. In the last 24 hours, its trading volume has been around $90,723,992. The token's market cap is $846,378,406, with about 263,056,492 ANC tokens presently in circulation.

Fantom is a platform that allows developers to carry out their activities using its special algorithm. Using the FTM native token eliminates basic issues that plague other platforms in this regard. One of the most significant features is the transaction speed which is the fastest across the sector. It acts as an alter ego for Ethereum, providing the basic activities that the network provides for traders and developers alike. Andre Cronje's exit definitely made an impact on this crypto.

FTM is presently reading around $1.18 in the last 24 hours, posting a price decline of 17.29% in the last seven days. It is a trading volume of 427,046,373 and a market cap of $3,003,035,348 in the last 24 hours. Presently, there are 3,175,000,000 FTM tokens in circulation.

Mina protocol enables users to run dApps efficiently by curtailing the computation needs of the apps. The blockchain is the smallest blockchain in size, despite the growing number of users on the network. Also, it adds a mix of balance when it comes to security and decentralization. Before October 2020, the project was called the Coda protocol. Presently, the native token of the platform, MINA, is trading at $1.68, with a drop of 14.15% over the last seven days. The token boasts a market cap of $697,801,925 with a trading volume of $32,409,305 over the last 24 hours. Presently, there are about 414,440,458 MINA tokens in circulation.

Oasis network is a scalable layer one blockchain that concentrates on high throughput and low transaction fees. Its secure architecture provides a haven for projects in the crypto sector, including NFTs, DeFi, Metaverse, Web3, and others. One of its core responsibilities is to help push Web3 forward through its early stages to full adoption across the sector. The native token of Oasis Network, ROSE, is presently trading around $0.217, seeing a decline of 9.70% in the last seven days. The token's trading volume in the previous 24 hours is around $55,380,185, while its market cap in the same duration is approximately $759,519,126. ROSE presently has about 3,493,014,306 in circulation.

Algorand was designed to be a blockchain that would sustain itself and provide support to the majority of the applications in the decentralized finance sector. The network provides security, sustainability, and efficiency, mirroring the most stable apps outside the crypto sector. The network also supports computation that gives a basis for a new form of trust. Since December 2020, Algorand has handled nothing less than 1 million daily transactions. Presently, ALGO trades at $0.702, seeing a decline of 9.43% in the last seven days. It boasts a market cap of $4,654,253,991 and a trading volume of $70,860,306 over the last 24 hours. It currently has about 6,627,013,432 tokens in circulation.

With the bears roaming across the market in the last few days, it is paramount to note that the entire market is facing a general decline. However, traders can still make most of the bear market by purchasing promising tokens. It is also advisable to ensure that you are tactical with buying the dip during this period. This ensures that you do not continue to lose when the general market starts witnessing a bull run. Besides that, traders should look carefully into the tokens they wish to commit with and diversify their portfolios in case of a prolonged general market drop in price.

Unprecedented demand for goods and services in the US market has pushed the prices to go off the roof. For the first time in nearly 40 years, inflation in the US breached the 7% mark. As a result, to put an end to the misery, the Fed has started tapering with plans to reduce asset purchases in 2022 by nearly $30 billion. As a consequence, even the crypto market had its worst crypto fall significantly in prices.

The repercussions due to this have been evident in other related markets like stocks and cryptos where we have been noticing long red candle formation in the past couple of weeks. With S & P index nosediving and cryptocurrencies gasping for breath, some of the tokens have outsmarted peers in terms of worst performance this week. So without an intention to alienate whosoever invested in these cryptos, let’s have a quick look at some of the worst-performing crypto this week. 

One Token did enter the crypto market with a promise initially to scale blockchains and provide an infrastructure for NFTs and DeFi to grow linearly. Despite the claim, the much-talked-about 4-shards that created hype among NFT projects in the midst of skyrocketing Ethereum gas fees failed to capitalize on the market sentiment. Investors' positive outlook had consolidated for Harmony’s one token much earlier despite revolutionary consensus mechanisms like EPOS or Effective Proof of Stake. 

The token has lost 30.2% of its value to feature on the list of worst-performing cryptos this week. On January 31 2022, the One token was trading at $0.1866. Fast forward to 17 days and we have seen no up movements at all.  Prices have dipped further with no signs of revival anytime soon.

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When a DeFi protocol automatically allows you to aggregate overall price movements and pick trades on your behalf, it is a relief that amateur or new investors would battle to try. Yearn.Finance entered the crypto realm with the same solution; however, things hadn’t been sunshine and rainbows for the protocol where the token prices have depreciated by almost 31.8% this past week. If you have bought YFI token as your preferred portfolio, it wasn’t a good week for you. But one can hold on to bright days ahead for sure. 

Matic recently raised $450 million from Sequoia Capital India to build Web 3.0 solutions. Despite providing additional support to Ethereum scaling in the midst of high gas costs, Matic’s performance remained abysmally under-recognized. The token has dropped by 36.1% which makes it the worst performing crypto even outpacing its peers like One Token and YFI included on the list. On January 1, Matic/Polygon was trading at around the $2.57 mark, however, within a month the token had depreciated to $1.79. 

Shiba Inu did ride on top of Elon Musk's antics where he continuously supported meme tokens. The outcome led to an unprecedented rally last year. However, 2022 hasn’t been quite promising for the token. In February, the token dipped to new lows by registering a 37.2% write-off on its value. At the moment, Shiba Inu is 65% down from its all-time high of 0.00005 registered on May 10, 2021

In 2021, the Avax token gained 2800% due to its capabilities of processing transactions at a low cost with super fast speed. However, 2022 hasn’t started on a good note for the token since it has already registered 38.2% value write-off at the time of writing making it the top loser of February 2022. However, there’s some respite due to a slight recovery picking up lately. 

All the above-mentioned tokens sank significantly in the past week. On the other hand, we can notice a very similar pattern, where prices fell towards a strong support area. Most tokens are currently around that specific important support. The coming days should determine the upcoming price-action of the entire cryptocurrency market.

Bitcoin broke below 40K, and Ether also did break below the important price of 3K. Will altcoins manage to come back stronger and break away from the Bitcoin correlation?

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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. 

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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.