- In the NIS1 public blockchain, XEM serves as the native currency.
- Celsius (CEL) provides a one-stop shop for banking and financial services.
It was a year of extremes in the crypto world: China banned all crypto transactions, while El Salvador accepted Bitcoin as legal cash. The following is a list of the three worst-performing cryptocurrencies during the last year.
NEM (XEM)
Using blockchain and encryption, NEM (New Economy Movement) is a platform ecosystem that provides solutions to businesses and individuals. In the NIS1 public blockchain, XEM serves as the native currency.
NEM ended 2021 at 12.8 US cents, down 42.7%. At the end of December, its market capitalization was $1.15 billion, making it the 83rd largest cryptocurrency by market cap.
Celsius (CEL)
For cryptocurrency users, Celsius (CEL) provides a one-stop-shop for banking and financial services. It was launched in June 2018. There are perks for depositing cryptocurrencies, as well as lending options and wallet-style payments.
Celsius was down 29.4% to US$3.86 at the end of the year. With a market value of $922 million as of December 31, it ranks as the 94th biggest cryptocurrency.
Bitcoin SV (BSV)
As a distributed data network that can enable enterprise-level sophisticated blockchain applications, BSV seeks to provide scalability and stability in keeping with the original definition of Bitcoin as an electronic payment system.
On December 31, Bitcoin SV was trading at US$123.73, a loss of 24.2 percent over the course of the year. The coin is the 58th biggest cryptocurrency in circulation, with a market valuation of $2.34 billion. Despite being at the bottom of the year-end performance rankings, Bitcoin SV reached new all-time highs in 2019, hitting $491.64 on April 16, 2021.
