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

·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.

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