Even though Bitcoin’s 18% slump has made headlines over the last couple of days, it’s fair to say that most altcoins have got the hard-hit too.
Ethereum (ETH) has fallen by 30% over the past 7 days and has been struggling to maintain its price around $2,500.
Ether, the world’s 2nd-largest cryptocurrency, has won applauds for outperforming Bitcoin in terms of gains. It seems that it additionally results in outsized losses while the market is bearish.
Things are even more painful for Binance Coin. BNB is down by 16% over the past day and 39% over the past week.
Also, declines of about 10% have been seen for Dogecoin (DOGE).
The Bright Side
On the bright side, only a handful of altcoins have actually managed to see their price appreciate.
Cardano (ADA) appears to be weathering the storm a little better, minimizing its fall to 1% over the last week.
Polygon (MATIC) has gained approximately 85% in the last 7 days. The Coin is one of the selected projects that have participated in UniFarm pools.
Unido (UNO) is up by 57% in the last 24 hours, making it a good time for investors to stake the token in UniFarm Cohort 7 on BSC.
Umbrella Network (UMB) too has been reported of gaining traction in the market. UMB token has gained 45% value since the last day, making it a good choice to be staked on UniFarm.
All told, the recent panic has caused the loss of over $800 Billion within the industry.
While the number is big, a few altcoins have been seen retracing back. And, we’re glad to have them as part of UniFarm.
UniFarm is a one of a kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.