The cryptocurrency market recovered somewhat in Q3 from its Q1 and Q2 lows. In fact, it was among the best-performing assets in Q3 2022. Overall, its market cap increased by about $100 billion compared to the second quarter.
Despite a better-than-expected run, there were a few cryptocurrencies that failed to capture investor sentiment. Let’s take a look at the 10 worst performing cryptocurrencies in Q3 2022.
Q3 2022 hedge fund letters, conferences and more
Ten cryptocurrencies with the worst performance in Q3 2022
We used cryptocurrency Q3 returns data from coinmarketcap.com to create this list of the 10 worst performing cryptocurrencies in Q3 2022.
We only included cryptocurrencies with a market cap greater than $400 million as of October 1, 2022 for our list of the 10 Worst-Performing Cryptocurrencies in Q3 2022. Here are the 10 worst performing cryptocurrencies in Q3 2022:
Enjin Coin (ENJ, -18%)
First announced in July 2017, it allows game developers to tokenize in-game items on the Ethereum blockchain. ENJ is down over 85% year-to-date and over 14% over the last month.
As of this writing, ENJ is trading at $0.4058, giving the crypto a market cap of more than $401 million. ENJ has an all-time high of $4.85 (November 2021) and an all-time low of $0.01562 (November 2017).
Kava (KAVA, -20%)
KAVA is a Layer 1 blockchain that offers both the speed and interoperability of Cosmo and the developer power of Ethereum. KAVA is down over 69% year-to-date and over 5% over the last month.
As of this writing, KAVA is trading at $1.38, giving the crypto a market cap of more than $413 million. KAVA has an all-time high of $9.19 (September 2021) and an all-time low of $0.30 (March 2020).
Klaytn (KLAY, -21%)
Launched in June 2019, this blockchain focuses on Metaverse, Gamefi and the Creator Economy. KLAY is down over 90% year to date and over 33% in the last month.
As of this writing, KLAY is trading at $0.1338, which is a market cap of more than $414 million. KLAY has an all-time high of $4.38 (April 2021) and an all-time low of $0.05733 (May 2020).
Stack (STX, -21%)
STacks is a layer 1 blockchain solution that brings smart contracts and DApps (decentralized applications) to Bitcoin. STX is down over 87% year-to-date and over 11% over the last month.
As of this writing, STX is trading at $0.2949, giving the crypto a market cap of more than $3.89 billion. STX has an all-time high of $3.61 (November 2021) and an all-time low of $0.04501 (March 2020).
Decentralized (MANA, -23%)
Launched in 2017, it is an Ethereum-powered virtual reality platform that allows users to develop and monetize content and applications. MANA is down over 82% year-to-date and over 16% in a month.
As of this writing, MANA is trading at $0.5964, giving the crypto a market cap of more than $1 billion. MANA has an all-time high of $5.90 (November 2021) and an all-time low of $0.007883 (October 2017).
UNUSED SED LEO (LEO, -28%)
Launched in May 2019, it is a utility token for the iFinex ecosystem. LEO is up nearly 7% year-to-date and down over 10% over the last month.
As of this writing, LEO is trading at $4.07, which is a market cap of more than $3.88 billion. LEO has an all-time high of $8.04 (February 2022) and an all-time low of $0.8036 (December 2019).
THORChain (RUNE, -30%)
It is a decentralized liquidity protocol that allows users to exchange cryptocurrency assets without giving up full custody of their assets. RUNE is down over 81% year-to-date and over 15% over the last month.
As of this writing, RUNE is trading at $1.40, giving the crypto a market cap of more than $459 million. RUNE has an all-time high of $21.26 (May 2021) and an all-time low of $0.007939 (September 2019).
The sandbox (SAND, -32%)
Launched in 2012, The Sandbox is a blockchain-powered virtual world that allows users to create, build, buy and sell digital assets. SAND is down over 88% year-to-date and over 16% over the last month.
As of this writing, SAND is trading at $0.7136, which represents a market cap of more than $1 billion. SAND has an all-time high of $8.44 (November 2021) and an all-time low of $0.02894 (November 2020).
Basic Attention Token (BAT, -33%)
Launched in 2017, this crypto supports a blockchain-based digital advertising platform. BAT is down almost 79% year-to-date and over 10% over the last month.
As of this writing, BAT is trading at $0.2691, giving the crypto a market cap of more than $399 million. BAT has an all-time high of $1.92 (November 2021) and an all-time low of $0.06621 (July 2017).
Helium (HNT, -47%)
Launched in July 2019, it is a decentralized blockchain network for Internet of Things (IoT) devices. HNT is down almost 90% year-to-date and over 30% over the last month.
As of this writing, HNT is trading at $4.01, which represents a market cap of more than $512 million. HNT has an all-time high of $55.22 (November 2021) and an all-time low of $0.2534 (June 2020).
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