SushiSwap, Curve DAO Token, and Chainlink Are The Coins That Plummeted Most

This week, most of the coins in the crypto market had been trading in red. The result of this is that most coins on DeFi have been trading in the negative as well. Nevertheless, the coins are showing some recovery today.

Numeraire has been the biggest loser in the last 7 days with a drastic decrease of 29.54%. Chrono.tech dropped by 19.58%. Aave slashed by 7.23%. Synthetix plunged by 4.50%. Fantom is down by 7.36%.

The market cap for the DeFi chain stands at 41.606 billion USD, an increase of 0.24% over the past day. Trading volume has dipped by 10.34%.

Here is the list of the 3 worst performing tokens this week in DeFi chain:

SushiSwap (SUSHI)

SushiSwap has taken a dip of 21.08% in the last 7 days. The coin has shown comeback signs today with an increase of 0.72% in the last 24 hours. The market cap stands at 249.072 million USD. Trading volume has dropped by 3.90%. SUSHI token is at 1.13584 USD. Source: coinmarketcap

Curve DAO Token (CRV)

With a drop of 9.94% in the last 7 days, Curve DAO Token market cap stands at 32.856 million USD. It is up by 0.46% in the last 24 hours. Each token is selling at 0.6059 USD. Trading volume has slashed by 1.35% over the past day. Source: coinmarketcap

Chainlink (LINK)

Chanilink has fallen downwards to 7.76% in the week. It is down by 0.69% in the last 24 hours. The market cap is currently at 3.027 billion USD. LINK token is costing 6.53 USD. Trading volume has dropped by 4.29% from the previous day. Source: coinmarketcap

Conclusion

As the market is getting back in green today, the tokens in the DeFi chain are also gradually recovering. However, in the last 7 days, the fall of these tokens has been drastic. It would be interesting to see if by next week the coins will be blooming in green.

Shourya is a crypto fanatic who has developed interest in Business Journalism in the past few years. Currently, working as a writer with Coingape, Shourya is also an avid reader. Apart from writing, you can find her attending poetry shows, exploring cafes and watching cricket. As she says, “dogs are my home,” her first rescue of a dog was at the age of 7! She has constantly been speaking up for mental health and the rainbow pride.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.