📉 Analysis of the Worst Cryptocurrencies of the Week 📉

In recent weeks, some cryptocurrencies have had significant negative performance, highlighting the market's volatility. Here are the main analyses:

1. Polygon (MATIC)

Performance: Down 64% year-to-date.

Issues: Low investor interest and trading volume reduced to $14.4 million per day. Currently, 98% of holders are at a loss, and the coin is struggling to stay above $0.35.

2. MultiversX (EGLD)

Performance: Down 64.56% year-to-date.

Issues: Breakout of a triangle pattern indicates greater downside potential, with critical support at $22.32. In addition, internal issues, such as treasury sales and event cancellations, have generated distrust.

3. StraitsX Singapore Dollar (XSGD)

Performance: 98.2% collapse since January 2024.

Issues: A stablecoin that lost its peg to the Singapore dollar, highlighting vulnerabilities in digitally “stable” assets.

Lessons Learned:

These cases underscore the importance of careful analysis before investing, especially in risky assets. Factors such as loss of interest, internal governance issues, and instability can quickly devalue a cryptocurrency.

For investors, diversification and monitoring regulatory trends and project fundamentals is essential.