Why Cryptocurrencies Like Avalanche, Terra, Polygon, and Algorand Are Crashing Today

Chris MacDonald, The Motley Fool

January 24, 2022 at 2:21 p.m.·2 min read

Why Cryptocurrencies Like Avalanche, Terra, Polygon, and Algorand Are Crashing Today

Today, volatility has once again reared its ugly head in the crypto world. For investors in top cryptocurrencies such as Avalanche (CRYPTO: AVAX), Terra (CRYPTO: LUNA), Polygon (CRYPTO: MATIC), and Algorand (CRYPTO: ALGO), this has meant plenty of near-term pain. Aside from Terra, which is down 18% over the past week (an outperformer, if one can believe it), the other three tokens on this list have now declined more than 35% over the past seven days.

Associated Press
Orioles send former No. 1 pick Holliday back to minors after he hit .059 in 10 MLB games
Highly touted prospect Jackson Holliday has been optioned to the minor leagues by the Baltimore Orioles after starting his big league career with a disappointing thud. Holliday was promoted from Triple-A Norfolk on April 10 amid plenty of fanfare, but the 20-year-old second baseman managed only two hits — both singles — and two walks in 36 plate appearances. The Orioles tried to rest him periodically, but Holliday, the top pick in the 2022 MLB draft, never busted out of his funk at the plate.
2 minutes ago
BBC
Pentagon to 'rush' Patriot missiles to Ukraine in $6bn package
Ukrainian President Zelensky says munitions in $6bn package "can save lives right now".
3 minutes ago
BBC
Tile factory set to close with 105 jobs at risk
Johnson Tiles says the cost of making tiles has become "unsustainable" in the UK.
5 minutes ago
HuffPost
Kelly Osbourne Confronts Brother Jack For Shooting Her ‘Through’ The Leg In The ’90s
The reality star said she ended up in a “tiny hospital in the middle of nowhere” in England — where a broken X-ray machine led to one painful alternative.
5 minutes ago
Sacramento Bee
Your SMUD bill is about to go up again — and it’s not because of summer rates. Here’s why
“We work hard to control costs and operate as efficiently as possible,” the utility company said on its website.
5 minutes ago
PA Media: UK News
Reading terror attack: Police facing more offenders with ‘mental health needs’
The Assistant Chief Constable was speaking after the conclusion of the Reading terror attack inquest.
5 minutes ago
Associated Press
Jayhawks sign Alabama's Rylan Griffen out of portal to address their 3-point shooting woes
Rylan Griffen, a starter on the Alabama team that reached the NCAA Final Four, has signed with Kansas out of the transfer portal, Jayhawks coach Bill Self announced Friday. The 6-foot-6 guard started 33 of 37 games and averaged 11.2 points per game for the Crimson Tide. “Rylan’s won everywhere he’s been,” Self said.
6 minutes ago
Yahoo Sports Videos
This week’s Best Thing in Baseball - Tyler Duffey returns to the field
Yahoo Sports national MLB insider Russell Dorsey highlights Royals reliever Tyler Duffey’s successful return to the field following a melanoma diagnosis.
6 minutes ago
Associated Press
Judge upholds disqualification of challenger to judge in Trump’s Georgia election interference case
A judge upheld the disqualification of a candidate who had had planned to run against the judge presiding over former President Donald Trump’s 2020 Georgia election interference case. Tiffani Johnson is one of two people who filed paperwork to challenge Fulton County Superior Court Judge Scott McAfee. An administrative law judge earlier this month found that she was not qualified to run for the seat after she failed to appear at a hearing on a challenge to her eligibility, and Secretary of State Brad Raffensperger adopted that decision.
7 minutes ago
The Canadian Press
Jury in Abu Ghraib trial says it is deadlocked; judge orders deliberations to continue
ALEXANDRIA, Va. (AP) — A judge ordered jurors Friday to keep deliberating after they said they were deadlocked in a lawsuit alleging a Virginia-based military contractor is liable for abuses suffered by inmates at the Abu Ghraib prion in Iraq two decades ago. The eight-person civil jury has deliberated the equivalent of three full days in the civil suit in U.S. District Court in Alexandria. The trial, which began April 15, is the first time a U.S. jury has heard claims of mistreatment brought by
8 minutes ago
Reuters
US STOCKS-Wall Street shares lifted by rally in megacap tech stocks
U.S. stocks rose on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Microsoft shares rose 2.7% after its third-quarter revenue and profit exceeded Wall Street estimates, driven by gains from artificial intelligence (AI) adoption across its cloud services.
8 minutes ago
USA TODAY Sports
Will Messi play at Gillette Stadium? New England hosts Inter Miami: Here’s the latest
Inter Miami’s Lionel Messi and Luis Suárez are making the trip to New England, but will they play in Saturday’s soccer match against the Revolution?
9 minutes ago
People
Inside the London Pub the Black Dog That Inspired Taylor Swift's “TTPD” Song
The south London restaurant is a real place that is now offering Swift-themed food and beverages
9 minutes ago
Miami Herald
With no Playoff Jimmy, Adebayo and Herro at center of Heat’s plan vs. Celtics: ‘We go as they go’
Playoff Jimmy isn’t available, but the Heat is relying on Bam Adebayo and Tyler Herro to help fill the void in its playoff series against the Celtics.
9 minutes ago
The Telegraph
Ben Duckett hits unbeaten 197 as England trio flex batting muscles
It was a good day for the England Test batting line up with Ben Duckett on the cusp of a double century for Nottinghamshire and runs for Harry Brook and Joe Root as the bat continued to dominate in county cricket.
9 minutes ago
Reuters
US, South Korea outline visions for cost-sharing on troops, US negotiator says
U.S. and South Korean officials outlined respective visions for a new agreement on sharing the cost of keeping American troops in South Korea in talks this week and will continue to consult as necessary, the chief U.S. negotiator said on Friday. Ahead of a first round of talks in Hawaii from Tuesday to Thursday on a so-called 12th Special Measures Agreement (SMA), chief U.S. negotiator Linda Specht said Washington was seeking "a fair and equitable outcome." In a brief statement on Friday, Specht said: "The United States and Republic of Korea outlined their respective visions for the 12th SMA ... We will continue to consult whenever necessary to further strengthen and sustain the Alliance under the 12th SMA."
9 minutes ago
The Telegraph
Deaths of Reading terror attack victims ‘probably avoidable’
The deaths of the Reading terror attack victims at the hands of Khairi Saadallah were “probably avoidable” and contributed to by the failings of multiple agencies including Counter Terror Police, a coroner has said.
9 minutes ago
The Independent
King Charles - live: Monarch to return to public duties as Palace gives update on cancer treatment
Doctors ‘sufficiently pleased with progress so far’ to allow 75-year-old to step up work again
10 minutes ago
Kansas City Star
Kansas basketball center Hunter Dickinson announces return to KU for final season
Hunter Dickinson announced his return to Kansas basketball in a unique way. Bill Self got in on the fun.
10 minutes ago
Local Journalism Initiative
Here's how much Kirkland Lake's taxes are going up this year
KIRKLAND LAKE - Kirkland Lake has established its 2024 budget. At a special meeting on April 25, council approve a 5.85 per cent tax levy increase. The increase means the total tax levy for 2024 is $12.57 million. The total levy in 2023 was nearly $12 million. For the owner of the average $112,000 home, the levy increase means about an extra $144 in taxes for 2024. The approved levy is less than the 9.8 per cent increase that was first pitched. About $540,000 has been trimmed since that proposal
10 minutes ago

Latest Stories