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On 14 August, the cryptocurrency market was reddened by the bear's attack. In the last 7 days, the biggest losers in the top 20 cryptocurrencies were recorded as Tron [TRX] IOTA [MIOTA] NEO and Ethereum Classic [ETC].
Last week, Tron was one of the most controversial coins. The platform recently launched the beta version of Tron Virtual Machine and presented its secret project, Project Atlas. Furthermore, Tron's partnership with BitTorrent has made it the largest open source ecosystem in the world. Last week saw the rapid addition of three new members to the Super Representative Club. These three included Raybo, uTorrent and Huobi Global.
Despite this, the currency has proved to be one of the biggest losers on the market in the last 7 days. On 7 August, the TRX market opened at a trading price of $ 0.029 with a market capitalization of $ 1.95 billion. The week saw a solid wipeout of about $ 860 million in the market capitalization of the TRX as its price fell to its new low on August 14th.
At the time of the press, TRX traded at $ 0.018 with a market capitalization of $ 1.19 billion and plunged to a serious -19.76% in the last 24 hours. On the other hand, during the week, TRX had a success of over 38% in its price.
TRX price chart 7 days | Source: CoinMarketCap
At the same time, another coin slaughtered in the cryptocurrency market is Ethereum Classic with its price sinking by 41.93%. Among the top 20 coins, Ethereum Classic was the only currency in circulation from the beginning of this month. The currency was listed in one of the world's major cryptocurrant exchanges, Coinbase Pro.
In addition, the currency turned out to be the sixth cryptocurrency to be listed on Robinhood. Bittrex, another major cryptocurrency broadcast, also announced its currency support by revealing that it would open a USC market for ETC.
ETC stood at $ 11.07 at the time of printing with a market capitalization of $ 1.14 billion. In the last 24 hours, the price has reached a minimum of 17.36% with a trading volume of $ 302.2 million.
ETC price table 7d | Source: CoinMarketCap
During the week, the highest price traded by ETC was $ 20.09 with a market capitalization of over $ 2 billion. Soon, the capitalization saw a massive elimination of almost a billion dollars, falling to 1.07 billion dollars today.
Last week, the two co-founders of IOTA, Serguei Popov and Sergey Ivancheglo engaged in a quarrel due to problems of trust between the two. The point of no confidence was raised by Ivancheglo and directed to Popov. This came after the speech to change the statue of the foundation among the council members.
Starting with the MIOTA token of the IOTA, red has impregnated the price with a fall of 45.64% during the week and 19.91% in the last 24 hours. The MIOTA week opened with a trading price of $ 0.802 with a market capitalization of $ 2.22 billion. However, the price of cryptocurrency fell to $ 0.408 with a market capitalization of $ 1.13 billion, which was also the lowest of the week for MIOTA.
At the time of writing, MIOTA is trading at $ 0.432 with a market capitalization of $ 1.2 billion and a 24-hour trading volume of $ 48.9 million.
MIOTA | Source: CoinMarketCap
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