When Multiple Tokens Experience Demises, a Stablecoin Demonstrates a Strong Performance

When Multiple Tokens Experience Demises, a Stablecoin Demonstrates a Strong Performance

In recent weeks, the borrowing and lending spaces within the cryptocurrency industry have come under the microscope of regulators. These spaces have undergone scrutiny in recent months and the reason behind the growing pressure is the sell-off observed in the crypto-verse.

Now, the investors and users within the cryptocurrency industry want to know exactly how the digital assets within the particular space are performing.

Multiple on-chain data analytical firms have shared their findings surrounding the cryptocurrencies that are linked with the particular space. The cryptocurrencies that are similar in the reports of all the analytical firms are listed below.

The analytical firms have listed the cryptocurrencies that have demonstrated the highest and worst gains in the past 30-days. Keep in mind that these cryptocurrencies are from a particular space and are not general ones.

Cryptocurrencies Demonstrating Best Performances in Past 30-days

Celsius (CEL) is the top performer in the past 30-days in the particular space as it has experienced a 37% surge. The trading price of CEL now stands at $1.05 following the increase.

The next digital asset is bZx Protocol (BZRX) which has grown up by 23% in the same period. At the time of writing, BZRX’s trading price is worth $0.0553.

Then comes ForTube (FOR), which is also a strong performer, having experienced a 17% surge in the 30-day period. At the time of writing, ForTube’s trading price is worth $0.0163.

The trading price of Ramp (RAMP) is up by 8% in the past 30-days, and now, it is trading at $0.0452. The last cryptocurrency in the list demonstrating a high performance is Venus (XVS). It has experienced a 5% elevation, trading at $5.04.

Cryptocurrencies Demonstrating Worst Performances in Past 30-days

Then come to Alchemix, Compound, TrueFi, Aave, and Solend which have demonstrated the worst performances in the past 30-days.

A look at these cryptocurrencies shows that Alchemix (ALCX) has experienced a 38% dip in the past 30-days. Following the dip, the trading price of ALCX is down to $21.19.

Moving forward, the next cryptocurrency is Compound (COMP) which has experienced a 37% dip in the past 30-days. At the time of writing, the trading price of COMP is down to $43.41.

TrueFi (TRU) is the next cryptocurrency on the list that has experienced a 36% dip in the past 30-days. At the time of writing, TRU’s trading value is $0.062. Aave (AAVE) comes next on the list experiencing a 35% dip and now, its trading price is worth $66.87.

The last worst performer is Solend (SLND) which has recorded a 34% dip in its trading price. Following the downtrend, its trading price has moved down to $0.693.

The reason behind mentioning the performances of these cryptocurrencies is so that the investors can either invest in these assets or stay away from them.

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