Until significant developments occur on these chains that can drive prices up—similar to what happened with Solana (SOL) in December 2022 when its price dropped to $8—these chains won't be taken seriously by the broader market.

Here’s a look at how some projects have fared:

1. VENOM: Down over 470%

2. STRK: Down over 900%

3. MNT: Down over 150%

4. OP: Down over 470%

5. ARB: Down over 1000%

6. CORE: Down over 2000%

7. MANTA: Down over 470%

8. SEI: Down over 400%

9. SUI: Down over 150%

This isn’t to suggest that any of these cryptocurrencies are worth investing in, but rather to highlight that many promising projects with strong fundamentals and real use cases have seen significant price drops. It’s a reminder to Do Your Own Research (DYOR) and decide if any of these heavily discounted assets are worth considering.

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