5 Struggling Cryptos in the Market You Can’t Afford to Miss This Week!

The cryptocurrency market is known for its volatility, which often leads to varying performances of different tokens over different periods. In this article, we examine five underperforming cryptocurrencies of the week, shedding light on their recent changes and factors impacting their performances. We also provide a brief overview of these digital assets to help you understand them better.


IOTA is a distributed ledger technology that focuses specifically on the Internet of Things (IoT). It aims to provide secure, scalable, and feeless transactions between various IoT devices. IOTA’s native cryptocurrency, MIOTA, witnessed below-par performance in the market this week.

One of the reasons for the poor performance is the overall downturn in the cryptocurrency market, with many altcoins facing a decline. Additionally, IOTA has been facing technical challenges and criticism for its centralization, prompting users to question its viability. Moreover, IOTA’s delayed updates and unclear roadmap have caused uncertainty among investors, leading to a decline in its prices.

However, it is worth noting that IOTA recently announced upcoming updates, including advancements in decentralization and smart contract implementation. If successful, these improvements could propel IOTA’s performance in the coming months.

2. XinFin Network (XDC)

The XinFin Network is an enterprise-ready hybrid blockchain platform that combines the benefits of both private and public blockchains. It is designed to improve international trade and financing by offering solutions for secure, transparent, and efficient transactions. Its native cryptocurrency, XDC, forms the backbone of the XinFin Network.

Despite its innovative approach and promising use case, XinFin’s XDC has underperformed this week. The broader market downturn is partly to blame, but the lack of mainstream recognition and adoption of the XinFin Network has further contributed to its subpar performance.

That being said, XinFin Network is still in its early stages, and with the right exposure and strategic partnerships, it has the potential to gain traction and increase its market performance. It’s essential to monitor the project’s progress and developments as they unfold.

3. Amp (AMP)

Amp is an Ethereum-based digital collateral token that aims to decentralize risk and ensure instant, secure transactions on various platforms. It replaces conventional payment networks with blockchain-based transaction settlement infrastructure. Amp tokens can be used as collateral to guarantee asset transfers instantaneously and securely.

Despite offering an innovative approach to facilitating transactions, Amp’s performance in the crypto market this week has been less than favorable. A significant factor affecting its performance is the rising popularity of other projects in the decentralized finance (DeFi) space. As new DeFi platforms with unique features and benefits gain traction, it becomes increasingly challenging for existing tokens like Amp to maintain their grasp on the market.

However, Amp’s unique proposition and its potential to streamline payment processes could make it a valuable player in the DeFi space, given the right market conditions and developments in the future.

4. Chiliz (CHZ)

Chiliz is a cryptocurrency and blockchain platform focused on the sports and entertainment industry. It allows sports clubs and teams to create and issue their fan tokens, enabling fans to participate in club-related decision-making processes and drive fan engagement.

Despite the innovative concept behind Chiliz, its token, CHZ, experienced a lackluster performance this week. This underperformance can be attributed to the broader market’s downturn and the saturation of new projects entering the blockchain space.

However, the potential for blockchain technology to revolutionize the sports and entertainment industry should not be underestimated. Chiliz has already secured partnerships with high-profile sports teams and clubs, and as more organizations explore the advantages of fan tokens, Chiliz’s market performance could improve substantially.

5. Helium (HNT)

Helium is a decentralized wireless network that aims to create a global network of IoT devices. Helium’s network is powered by the Helium Blockchain, which rewards users with its native token, HNT, for providing network coverage and verifying network transactions.

Despite the promising prospects of decentralized wireless networks, especially in the IoT space, Helium’s HNT has seen diminishing returns this week. This could be due to the general downturn in the crypto market, combined with the strong competition from other projects aiming to disrupt the IoT sector.

Nonetheless, Helium’s unique approach to decentralizing wireless networks and incentivizing users to broaden network coverage is noteworthy. If the project can garner greater adoption and recognition, its market performance could see considerable improvements in the coming months.


In conclusion, the underperformance of these five cryptocurrencies this week can be attributed to various factors, such as broader market shifts, strong competition from rival projects, and less mainstream adoption. However, these digital assets showcase unique propositions and potential within their respective industries. Given the right market conditions, strategic partnerships, and technological advancements, these cryptocurrencies could improve their standings in the future. As always, it’s crucial for investors to conduct thorough research and follow market developments closely when considering investment opportunities in the volatile world of cryptocurrencies.


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