While the cryptocurrency market is witnessing a rise in some assets, others are experiencing sharp declines. In this report, we review the worst performing cryptocurrencies over the past 24 hours with a brief analysis of the reasons behind the decline.
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1. WRX (WazirX)
Current price: $0.0460
Change rate over 24 hours: -30.83%
Analysis: The coin has seen a significant decline due to market volatility and weak trading volumes on the platform, which has led to a loss of confidence among investors.
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2. AKRO (Acropolis)
Current price: $0.001422
Change rate over 24 hours: -15.21%
Analysis: DeFi-focused Akropolis project suffers from poor updates, causing low investor interest.
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3. QKC (QuarkChain)
Current price: $0.011296
Change rate over 24 hours: -14.60%
Analysis: The decline is due to increased sudden selling and weak demand for the currency in trading markets.
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4. BLZ (Bluzelle)
Current price: $0.0599
Change rate over 24 hours: -11.13%
Analysis: With Bluzelle focusing on decentralized data storage solutions, performance has been dragged down by strong competition from similar projects.
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5. UTK (Equipment)
Current price: $0.09851
Change rate over 24 hours: -8.28%
Analysis: Weakness in new partnerships and lack of innovations have greatly affected the market value of the currency.
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6. FORTH (Ampleforth Governance Token)
Current price: $5,619
Change rate over 24 hours: -4.24%
Analysis: Although FORTH is used in the governance system, the high volatility in the market has led to its value declining.
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Overview
The losses experienced by these currencies may be an opportunity for some investors looking for low entry prices, but the risks remain high. Be sure to monitor the news and future analysis for each currency before making a decision.
As any investment decision.
Can these coins regain their strength soon? Share your predictions with us!
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