With the overall cryptocurrency market rebounding after a drastic drop that saw bitcoin slip below $4,000, many coins are still slow to recover - some having lost almost 50% percent of their value.
RusGas, ProChain, Fire Lotto, IGToken, Transcodium, ETERNAL TOKEN, WeShow Token, MIB Coin, Bigbom, and FunFair are among the biggest losers today, according to the price tracker CoinMarketCap.com. Let’s look into some of them.
RusGas is the biggest loser in the crypto market and has slipped by over 46% by November 30.
RusGas is a project aimed at funding and subsequently implementing research in natural gas production, processing, storage, and transportation.
It is a project designed to transform the gas industry, to bring technologies up to a new level, to improve the environmental situation in the production regions and to enable everyone to gain income from the production of resources without borders and politics.
According to the platform’s official website, gas has been chosen because it is a fundamental industry and its advancement is the key to welfare, progress and the environmental situation on Earth.
Prochain comes next among the biggest losers. The coin has lost over 26% of its value and was trading at $0,012637 on November 30.
The aim of ProChain is to build a transparent digital advertising data ecosystem, which can connect advertisers, the media and developers, improve the efficiency of the settlement of advertising services, reduce the loss of advertising data fraud and maximize the interests of all parties involved in digital advertising through de-intermediary.
ProChain sticks to the mission of "true data" and strives to promote trust and confidence building between all parties involved in digital advertising regardless of cost.
PRA, the token on the ProChain platform, conforms to the Ethereum ERC-20 token standard and can be traded freely on the ETH public chain. Advertisers purchase PRA tokens from digital currency exchange and release advertising tasks, so publishers and users who complete those tasks will be rewarded with an appropriate number of tokens.
Transcodium, which comes forth among the worst performing cryptocurrencies of the day, has seen 23.5% of its value lost.
Transcodium aims to provide the first peer-to-peer decentralized file editing, transcoding and distribution platform with high quality and reliable computational power at a very affordable price.
This will create a global market for users, willing to rent their idle machines to be used as workers. Further, at the end of the processing, the worker (processor) will be rewarded with the TNS Tokens.
Transcodium's unique algorithm will enable the conversion of media files with a supersonic speed by splitting large media files into very tiny chunks and thereafter will be encrypted, compressed and sent to workers (idle devices) to process.
Due to the lightweight of each chunk, these tasks will be transferred and processed at a very fast speed, even smartphones will be capable of processing them. Tokens will be rewarded to any worker who completes its task before the allocated timeout.
WeShow Token is another cryptocurrency in the top ten of losers. Having lost 22% of its value over the past 24 hours, one WET currently trades at $0,037554.
WeShow Token is a decentralized blockchain based short video entertainment platform. By using short-video making, live broadcasting services, one can produce contents freely in his/her independent space and profit through their content, communicating with other users of the platform.
By participating in the platform, the content provider and community participants can communicate with each other to develop the platform.
WeToken is the cryptocurrency used on WeShow platform, provided to both content providers and community participants, giving them profits.
The MIB Coin has also gained a spot in the top. Having seen about 22% of its value, the coin currently trades at $0,025098.
MIB Coin is a smartphone based blockchain network. MIB stands for Mobile Integrated Blockchain.
Anyone can download MIB APP on their smartphone to start mining, send and receive their cryptocurrencies, and use them for payments and exchanges in the mobile environment.
The MIB MainNet was launched on November 12, 2018, and people are joining MIB Mining from all over the world including Korea, China, Japan, Vietnam, Indonesia, Malaysia, India, Russia, Romania, USA, Africa and other places.
There were a total of 7,112 MIB Miner Apps running as of November 27, 2018, according to the platform’s official website.
On the other side of the table, INK, Aeron, Bitcoin Private, Numeraire, and Mallcoin have seen the highest growth in value.