- A new report details the top 10 worst-performing crypto assets on Binance.
- HOME coin led the losers list with a 27% price drop in a 24-hour period.
- The losses occurred during a broader market sell-off that saw Bitcoin dip by 7%.
The latest market-wide pullback, which saw Bitcoin crash by 7%, has triggered even more significant losses in smaller, more speculative altcoins. A new market report focusing on the Binance ecosystem has identified the top 10 cryptocurrencies with the worst price performance over the last 24 hours.
The data highlights the high-beta nature of these assets, which often experience steeper declines during a market downturn. The sell-off has led to market-wide liquidations totaling nearly $448 million.
Related: Crypto Prices Extend Decline: Investor Jitters as Bitcoin Cracks $80K
HOME Coin Leads Losers with a 27% Daily Drop
Onchain data show that HOME coin, the next-generation cryptocurrency that combines Real Estate-backed stability with the transparency of blockchain technology, led the losers chart with a 27% crash in the past 24 hours.
HOME retained a $245 million FDV and was 30% above its all-time low at the time of the report.
A Look at the Other Worst-Performing Tokens
Other cryptocurrencies making up the top 10 worst price performers on Binance during the period under review include RESOLV, INIT, NEIRO, ANIME, and HYPER. Others are PEOPLE, BABY, HUMA, and DEGO. It is worth noting that despite their notable losses, all these cryptocurrencies remained above their all-time lows.
The most remarkable token among the lot is DEGO, which maintained a 123% profit margin from its lowest price, with a $22 million FDV.
Although a 27% loss in 24 hours is significant for a crypto asset, users do not consider it out of place, especially during heightened volatility and market-wide losses.
Related: The $3.2 Billion Aftermath: How Options Expiry Shook Up BTC, ETH Crypto Prices
As indicated earlier, Bitcoin experienced a significant pullback alongside other top crypto assets. However, the market is showing signs of recovery, with BTC gaining 1.75% after bouncing off recent support to trade for $104,660 at the time of writing.
Analysts have not ruled out the possibility of an immediate rebound for the above-listed tokens, considering their status and tolerable extent of losses. However, a recovery could depend on the overall crypto market trend, of which Bitcoin is showing signs of an upward reversal.
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