- Solana’s SOL experienced a 1.57% decrease in value in 24 hours.
- Synthetix led the downturn with a 6.70% decrease in value.
- Casper’s value decreased by 1.58% over the last 24 hours.
Data from CoinMarketCap reveals the cryptocurrencies that have experienced the most significant depreciation in the last 24 hours. Among the notable underperformers based on market capitalization is Solana’s SOL. SOL has seen a 1.57% decrease in value, positioning it as the fifth largest decliner.
Synthetix (SNX)
Synthetix led the downturn with a 6.70% decrease in value over the last 24 hours. The developers behind Synthetix purport to have constructed a decentralized protocol for liquidity provision, which other protocols can utilize for diverse applications. The native currency of Synthetix, SNX, was trading at $2.29 at the time of reporting, boasting a market capitalization of $741 million.
EOS (EOS)
EOS has experienced a 1.95% decrease in value over the last 24 hours. As an open-source blockchain platform, EOS prioritizes performance, adaptability, security, and a user-friendly experience for developers. During this analysis, coinMarketCap data indicates that EOS’s market capitalization stands at $635.8 million.
Flare (FLR)
Flare , a layer-1 protocol built on the Ethereum Virtual Machine (EVM), experienced a 1.66% decrease in its value over the last 24 hours, positioning it among the top five biggest losers. Flare’s native token, FLR, was trading at $0.01278, boasting a market capitalization of $293.4 million, according to data from CoinMarketCap.
Casper (CSPR)
Data from CoinMarketCap indicates a 1.58% decrease in the value of Casper over the last 24 hours, placing it among the top decliners. The Casper project, designed to enhance blockchain adoption and encourage the utilization of Smart Contracts and DApps, currently trades its CSPR token at $0.03427. At the time of reporting, the market capitalization of Casper stands at $386.7 million.
Solana (SOL)
Solana , a blockchain platform designed to enable the development of decentralized applications (DApps), has experienced a 1.57% decrease in value over the last 24 hours, making it the fifth-largest decliner, per CoinMarketCap data. Despite this, Solana is projected to be among the leading performers in 2023, with an anticipated price increase of over 101%. At the time of writing, Solana’s native token, SOL, is trading at $19.50, giving it a market capitalization of $7.995 billion.
