After a dismal performance in 2022, the crypto market kicked off 2023 with a bang.Bitcoin and many other major
cryptocurrencies posted impressive gains last month.In fact, few cryptocurrencies were in the red for January.Improving macroeconomic conditions, including moderating inflation and a stabilizing job market, helped boost investor confidence all around.Let’s take a look at the 10 worst-performing cryptocurrencies in Jan.
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The 10 Worst-Performing Cryptocurrencies In Jan.2023
We used the January return data from
coinmarketcap.com to rank the 10 worst-performing cryptocurrencies in Jan.
2023.We only considered cryptocurrencies with a market capitalization of more than $400 million as of Feb.1 for our list of the 10 worst-performing cryptocurrencies in Jan.2023.
We have also excluded stablecoins from our list of the 10 worst-performing cryptocurrencies in Jan.
2023.
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XRP (XRP, 22%)
XRP offers an array of payment-related applications and use cases.
The token is up by more than 3% in the last 60 days, bringing its 90-day gain to almost 3%.As of the time of this writing, XRP is trading at around $0.3831, giving it a market capitalization of more than $19 billion.XRP has an all-time high of $3.84 (Jan.2018) and an all-time low of $0.002802 (July 2014).
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Monero (XMR, 20%)
Launched in 2014, Monero ensures transactions take place privately and anonymously.XMR is up by more than 4% in the last 60 days, bringing its 90-day gain to more than 21%.As of the time of this writing, XMR is trading at around $156.44, giving it a market capitalization of more than $2.85 billion.
XMR has an all-time high of $517.62 (May 2021) and an all-time low of $0.213 (Jan 2015).
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BitTorrent-New (BTT, 18%)
Purchased by blockchain platform TRON in July 2018,
BTT is a decentralized, peer-to-peer (P2P) file-sharing and torrent platform.BTT is up by almost 4% in the last 60 days but remains in the red for the last 90 days, with a decline of more than 1%.As of the time of this writing, BTT is trading at around $0.0000007045, giving it a market capitalization of more than $670 million.
BTT has an all-time high of $0.000003054 (Jan.2022) and an all-time low of $0.0000006155 (Dec.2022).
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TRON (TRX, 16%)
Launched in 2017, TRX facilitates the creation of a decentralized internet and allows developers to create dApps.
TRX is up by more than 18% in the last 60 days, bringing its 90-day gain to nearly 15%.As of the time of this writing, TRX is trading at around $0.0632, giving it a market capitalization of more than $5.79 billion.TRX has an all-time high of $0.3004 (Jan.2018) and an all-time low of $0.001091 (Sept.2017).
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Terra Classic (LUNC, 15%)
Launched in April 2019, Terra Classic is a blockchain protocol that uses fiat-currency-pegged stablecoins to support a price-stable global payments system.LUNC is down by almost 2% over the last 60 days but remains in the red for the last 90 days, down almost 13%.
As of the time of this writing, LUNC is trading at around $0.0001628, giving it a market capitalization of more than $965 million.LUNC has an all-time high of $119.18 (Apr.2022) and an all-time low of $0.00001675 (May 2022).
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Bitcoin SV (BSV, 6%)
BSV emerged in 2018 after a hard fork of Bitcoin Cash (BCH), and it aims to meet the original vision of the Bitcoin protocol.BSV is down by over 5% in the last 60 days, although it remains up by almost 3% for the last 90 days.As of the time of this writing, BSV is trading at around $40.81, giving it a market capitalization of more than $786 million.BSV has an all-time high of $491.64 (Apr.2021) and an all-time low of $35.13 (Nov.2022).
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Toncoin (TON, 6%)
Developed in 2018, TON is a decentralized layer-one blockchain that allows users to buy, send and store funds.
TON is up by over 6% over the last 60 days, capping its 90-day gain at almost 38%.
As of the time of this writing, TON is trading at around $2.12, giving it a market capitalization of more than $2.6 billion.TON has an all-time high of $5.84 (Nov.
2021) and an all-time low of $0.3906 (Sept.2021).
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PAX Gold (PAXG, 5%)
Launched in September 2019, PAXG is a gold-backed cryptocurrency that allows traders to invest easily in gold.PAXG is up by almost 3% in the last 60 days, bringing its 90-day gain to more than 4%.As of the time of this writing, PAXG is trading at around $1,837.87, giving it a market capitalization of more than $498 million.PAXG has an all-time high of $3,487.68 (Apr.2020) and an all-time low of $1,387.98 (Oct.
2019).
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Huobi Token (HT, 3%)
First launched in January 2018, HT is the native token of the cryptocurrency exchange Huobi Global.HT is down by over 19% in the last 60 days, which dragged its 90-day return into the red, with a decline of almost 4%.
As of the time of this writing,
HT is trading at around $5.02, giving it a market capitalization of more than $813 million.HT has an all-time high of $39.81 (May 2022) and an all-time low of $0.8903 (Jan.2019).
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UNUS SED LEO (LEO, -4%)
Launched in May 2019, LEO is a
utility token that’s used across the iFinex ecosystem.LEO is down by more than 12% for the last 60 days, bringing its 90-day decline to almost 16%.
As of the time of this writing, LEO is trading at around $3.35, giving it a market capitalization of more than $3.19 billion.
LEO has an all-time high of $8.04 (Feb.
2022) and an all-time low of $0.8036 (Dec.2019)..
