Coin Race: Best & Worst Cryptos in Red April

cryptonews.com:

After what has been a rather rough period for the crypto market in April, May is finally here, and it is time to take a closer look at which coins fared the worst and the best over the past month.

The losses in April followed a month of relatively good performance in March when all cryptoassets in the top 10 by market capitalization posted gains. Similarly, February was also a strong month for the crypto market, with five out of the top 10 cryptos recording double-digit percentage gains.

April, however, has been rather miserable for crypto investors. With the exception of stablecoins, all other cryptoassets in the top 10 club are down for the month. And to make things worse, this all happened during a month that is known historically to be a very strong month for the BTC market.

Although all of the top 10 coins by market capitalization were down for the month of April, some fared better than others.

Ignoring stablecoins, the coin that fell the least in April was BNB, formerly known as Binance coin. The crypto, which is used both as the native currency of BNB Chain and as the exchange coin on Binance, fell by almost 13% for the month to a price of USD 383.

Following BNB, ethereum (ETH) and bitcoin (BTC) came in as the second and third strongest performer in April with losses of 17% and 18%. As of the end of the month, ETH traded at around USD 2,780, and BTC traded at around USD 38,034. That compares to a price at the end March of USD 3,241 for ETH and USD 44,478 for BTC.

At the opposite side of the spectrum in April was cardano (ADA), which fell 36% for the month to a price of USD 0.7646. The sharp loss last month followed a gain of more than 15% in March, when ADA was the second-best performer among the top 10 coins.

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