After the crypto market has been stable for a while, selling pressure has been seen in many altcoins, we have compiled today’s most falling altcoins.
After Bitcoin (BTC) hovered around $28,000 for several days, a wave of selling began in many altcoins. Crypto investors, who expect a rise by BTC, continue their crypto trades with a sales focus. We have compiled today’s most depreciating altcoins.
1- Injective (INJ)
INJ was built on the Cosmos (ATOM) blockchain as a Tier-1 application. The INJ protocol uses cross-chain bridges to allow investors to also access cryptocurrencies from platforms such as Ethereum (ETH) and Polkadot (DOT). INJ fell 4.87 percent, becoming the most depreciating altcoin of the day.
2- Klaytn (KLAY)
The main goal of KLAY was explained as to benefit from the unique features of Blockchain such as transparency, traceability, immutability and privacy. It also allows companies to reward their users with NFT when they interact with sponsored content or conduct micro crypto trading. KLAY fell 3.10 percent, becoming the second most depreciating altcoin of the day.
3- Lido DAO (LDO)
LDO is a project that allows users to liquidate assets and create nodes on many blockchains, primarily Ethereum. LDO is the native token of the platform and provides a voice in the systems on the platform to determine the voting rights, the amount and distribution of fees, and the network supports to be added. LDO dropped 2.83 percent, making it the 3rd most depreciating altcoin of the day.
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