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.

Leave a Reply

Your email address will not be published.


What is Copy Trade and How It Works?

Copy Trade Intro Copy trade or copy trading is a type of trading in which one trader (the “follower”) automatically copies the trades of another trader (the “leader”). This is done through a copy trading platform, which connects the follower and leader and allows the follower to automatically copy the leader’s trades in real-time. How […]

Coins Capital Review, Coins-Capital.com – Is Coins Capital Scam Or Legitimate?

Coins Capital Trading Platform Rating 4.3 Summary Read our Coins Capital review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is Coins Capital scam or legit” and much more! https://coins-capital.com/ Coins Capital Review You have been thinking for a long time if trading is for you. You have finally […]

AI Center Indicts ChatGPT Developer of Trade Law Violations: Claims Bias & Deception

The organization alleges that the creator of ChatGPT has violated Section 5 of the Federal Trade Commission Act with the release of GPT-4. This section of the act prohibits any practices or acts considered deceptive or unfair and that affect commerce. CAIDP has complained to the US Federal Trade Commission, intending to prevent the distribution […]

Investors Excited As XRP Market Capitalization Hits $20 Billion

It’s been wide jubilation today after XRP investors heard the announcement that the market capitalization has surged to $20 billion. XRP: a cryptocurrency developed and managed by Ripple, a San Francisco, United States, distributed data company. It was gathered that the coin itself responded to this development through a climb in price – it was […]

GlobalTrades Review, GlobalTrades.io – Is Global Trades Scam or a Good Broker?

GlobalTrades Trading Platform Rating 4.6 Summary Read our Global Trades review at FStar Capital Forex and Cryptocurrency Trading blog, find the answer to your question “is globaltrades.io scam or legit” and much more! https://globaltrades.io/ GlobalTrades Review As people look at cryptocurrencies and their immense success, they are eager to start their own trading businesses. While […]