NAIROBI (CoinChapter.com) — 2024 has been a challenging year for many cryptocurrencies, with some tokens experiencing major declines. Among the hardest hit are Arbitrum (ARB), Polygon (MATIC), and MultiversX (EGLD), each among the worst performing cryptocurrencies of 2024, shedding over 64% of their value year-to-date (YTD). As these tokens scramble to find their footing, investors can’t help but wonder: is there any hope for a comeback in 2025, or will they keep slipping on the crypto banana peel?
Arbitrum’s (ARB) Challenges in 2024
Arbitrum, a prominent layer-2 solution for Ethereum, has joined the ranks of the worst performing cryptocurrencies of 2024. Currently priced at $0.5489, with a market cap of $2.18 billion and a 24-hour trading volume of $152 million, ARB has dropped 64.72% since the start of the year.
According to AltCryptoTalk, a pseudonymous analyst, the token is caught in a prolonged correction phase, held down by a descending trend channel. Analysts see the $0.587 resistance level as critical—if ARB breaks above it, it could signal a bullish reversal.
Since reaching an all-time high of $9.86 in March 2023, ARB has lost a staggering 94.4% of its value. It briefly hit a low of $0.434 in Aug. 2024, recovering 26.4% since then. Moving into 2025, Arbitrum’s future depends on its ability to break this bearish cycle and rebuild market confidence.
Polygon (MATIC) Faces Investor Concerns as Market Interest Fades
Polygon (MATIC) has struggled throughout 2024, trading at $0.3494 with a $915 million market cap. This marks a 64.00% year-to-date decline. Nonetheless, the blockchain boasts a robust ecosystem. However, the token has failed to maintain the investors’ interest with daily trading volume plummeting to $14.4 million, a factor that shows declining interest.
On chain data from IntoTheBlock reveals that nearly 98% of all of the MATIC holders are in a net negative position, with only 1% in the green at these prices.” This compares to open interest on MATIC derivatives which has significantly declined to $110 million, a level not seen in many months.
Furthermore, exchange netflow shows a -$665.42k, which shows that people are withdrawing their tokens from exchanges more than depositing them, implying retreated investor sentiment.
MATIC is hovering near a critical support level at $0.350 after months of decline. The RSI is at 36.33, signaling oversold conditions, but it doesn’t guarantee an immediate bounce. Sellers still dominate, with the Balance of Power (BoP) at -0.47. A drop below this support could lead MATIC toward $0.300. For a recovery, the token needs to break above $0.400 with increased buying interest. Without this, the downward trend could persist into 2025.
MultiversX (EGLD) at Risk: Could the Bearish Trend Push It to $17?
MultiversX (EGLD) has also faced steep losses in 2024, currently trading at $25.20 with a YTD decline of 64.56%. Analyst @s3kee recently highlighted a concerning development: EGLD has broken out of a symmetrical triangle pattern, which typically signals potential downside. If EGLD fails to hold support at $22.32, it could slide further to $17.
Adding to the negative sentiment, EGLD recently dropped out of the top 100 cryptocurrencies on CoinMarketCap, a sign of declining market interest.
Adding to concerns, the MultiversX team is reportedly selling from its treasury and has canceled future events. This, combined with new allegations of instability within the ecosystem, such as the $BFY rug pull accusation, has rattled confidence in the project.
Looking toward 2025, EGLD’s path to recovery depends on whether the team can regain trust and stimulate new interest. Without clear steps forward, EGLD could remain pressured in the year ahead, holding its place among cryptocurrencies that underperformed in 2024.
… [Trackback]
[…] Find More Information here to that Topic: coinchapter.com/worst-performing-cryptocurrencies-of-2024/ […]
**aqua sculpt**
aquasculpt is a premium fat-burning supplement meticulously formulated to accelerate your metabolism and increase your energy output.
**backbiome**
backbiome is a naturally crafted, research-backed daily supplement formulated to gently relieve back tension and soothe sciatic discomfort.
**boostaro**
boostaro is a specially crafted dietary supplement for men who want to elevate their overall health and vitality.
**aqua sculpt**
aquasculpt is a revolutionary supplement crafted to aid weight management by naturally accelerating metabolism
**vivalis**
vivalis is a premium natural formula created to help men feel stronger, more energetic, and more confident every day.
**hepato burn**
hepatoburn is a high-quality, plant-forward dietary blend created to nourish liver function, encourage a healthy metabolic rhythm, and support the bodys natural fat-processing pathways.
**alpha boost**
alpha boost for men, feeling strong, energized, and confident is closely tied to overall quality of life. However, with age, stress, and daily demands
**nitric boost**
nitric boost is a daily wellness blend formulated to elevate vitality and support overall performance.
**synadentix**
synadentix is a dental health supplement created to nourish and protect your teeth and gums with a targeted combination of natural ingredients
**nervecalm**
nervecalm is a high-quality nutritional supplement crafted to promote nerve wellness, ease chronic discomfort, and boost everyday vitality.
**yu sleep**
yusleep is a gentle, nano-enhanced nightly blend designed to help you drift off quickly, stay asleep longer, and wake feeling clear
**mindvault**
mindvault is a premium cognitive support formula created for adults 45+.
**prodentim**
prodentim is a distinctive oral-care formula that pairs targeted probiotics with plant-based ingredients to encourage strong teeth
**balmorex pro**
balmorex is an exceptional solution for individuals who suffer from chronic joint pain and muscle aches.
**glpro**
glpro is a natural dietary supplement designed to promote balanced blood sugar levels and curb sugar cravings.
**vitrafoxin**
vitrafoxin is a premium brain enhancement formula crafted with natural ingredients to promote clear thinking, memory retention, and long-lasting mental energy.
**provadent**
provadent is a newly launched oral health supplement that has garnered favorable feedback from both consumers and dental professionals.
**glucore**
glucore is a nutritional supplement that is given to patients daily to assist in maintaining healthy blood sugar and metabolic rates.
**femipro**
femipro is a dietary supplement developed as a natural remedy for women facing bladder control issues and seeking to improve their urinary health.
**vertiaid**
vertiaid is a high-quality, natural formula created to support stable balance, enhance mental sharpness, and alleviate feelings of dizziness
**sleeplean**
is a US-trusted, naturally focused nighttime support formula that helps your body burn fat while you rest.
**sugarmute**
sugarmute is a science-guided nutritional supplement created to help maintain balanced blood sugar while supporting steady energy and mental clarity
**tonic greens**
tonic greens is a cutting-edge health blend made with a rich fusion of natural botanicals and superfoods, formulated to boost immune resilience and promote daily vitality.
**prostavive**
prostavive Maintaining prostate health is crucial for mens overall wellness, especially as they grow older.
**primebiome**
The natural cycle of skin cell renewal plays a vital role in maintaining a healthy and youthful appearance by shedding old cells and generating new ones.
**gluco6**
gluco6 is a natural, plant-based supplement designed to help maintain healthy blood sugar levels.
**oradentum**
oradentum is a comprehensive 21-in-1 oral care formula designed to reinforce enamel, support gum vitality, and neutralize bad breath using a fusion of nature-derived, scientifically validated compounds.
**biodentex**
biodentex is a dentist-endorsed oral wellness blend crafted to help fortify gums, defend enamel, and keep your breath consistently fresh.
**ignitra**
ignitra is a premium, plant-based dietary supplement created to support healthy metabolism, weight management, steady energy, and balanced blood sugar as part of an overall wellness routine
**finessa**
Finessa is a natural supplement made to support healthy digestion, improve metabolism, and help you achieve a flatter belly.
**neurosharp**
neurosharp is a next-level brain and cognitive support formula created to help you stay clear-headed, improve recall, and maintain steady mental performance throughout the day.
… [Trackback]
[…] There you can find 84172 more Information to that Topic: coinchapter.com/worst-performing-cryptocurrencies-of-2024/ […]