While some cryptocurrencies are thriving, others are facing significant challenges. Let’s take a look at the cryptocurrencies that have seen significant declines in the last 24 hours, and why.
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1. AUCTION
Current price: $19.25
Change rate over 24 hours: -14.41%
Analysis:
The AUCTION cryptocurrency has seen a significant drop, which could be a result of a decline in demand for the protocol or general market pressures.
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2. BAT (Basic Attention Token)
Current price: $0.2627
Change rate over 24 hours: -9.54%
Analysis:
Although BAT is used in digital advertising, market volatility and selling pressure appear to have had a significant impact on the price today.
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3. HARD (Hard Protocol)
Current price: $0.1481
Change rate over 24 hours: -8.86%
Analysis:
HARD, a decentralized lending and borrowing token, is facing a decline due to weak activity on its platform.
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4. STEEM
Current price: $0.2176
Change rate over 24 hours: -8.53%
Analysis:
STEEM, which is used in blockchain-based social media platforms, has seen selling pressure that may be linked to declining interest in the project.
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5. HIVE
Current price: $0.3239
Change rate over 24 hours: -8.32%
Analysis:
Hive, a Steem spinoff, has experienced a similar decline, possibly as a result of strong competition in the space.
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6. PNUT
Current price: $0.7018
Change rate over 24 hours: -7.65%
Analysis:
PNUT has seen a decrease in value, indicating a lack of demand or shifts in market dynamics.
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Why this decline?
These currencies are under pressure from a combination of market volatility, low demand, and possibly external influences such as regulatory changes or negative news.
advice:
For investors, it is important to watch these currencies carefully to see if it is the right opportunity to buy or avoid the risks.
**Do you expect these currencies to rise again soon? Share
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