Amid The Crypto Carnage, These 2021 Faves Lost Nearly Half Of Their Values Last Week

Major cryptocurrencies Bitcoin BTC/USD and Ethereum ETH/USD fell 17.6% and 25.6%, respectively, over the last seven days, but these 2021 favorites eroded almost half of their values.
CurveDao (CRV): The token associated with a decentralized exchange for stablecoins has fallen 44.6% over the week. CRV has fallen 94.8% from its all-time high of $54.01, which it touched in August 2020. Since the year began, the token has eroded 55.04% of its value.

According to DeFi pulse, the total volume locked in Curve Finance stood at $14.41 billion at press time.

See Also: How To Buy Bitcoin (BTC)

ThorChain (RUNE): The decentralized liquidity protocol’s token has dropped 41% over the week in value. RUNE value has declined 82.46% since it touched an all-time high of $21.26 in May last year. Since 2022 began, it has fallen 49.44%.

Last week, ThorChain announced that the native Dogecoin DOGE/USD pool was live, which means users can deposit, trade, and earn DOGE.

Loopring (LRC): The open protocol designed for building decentralized cryptocurrency exchanges saw its token fall 41% last week. LRC has fallen 79% since it touched an all-time high of $3.83 in November. Since the year began, the token has fallen 61.43%.

Last week, Loopring promoted dynamic NFTs through its official Twitter handle.

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Sandbox (SAND) The token associated with the blockchain-based virtual world has dropped 40.1% for the week. Since touching an all-time high of $8.44 in November, SAND has fallen 65.47%. Since 2022 began, the token has fallen 51.15%.

On Sunday, rap star Snoop Dogg said he could not wait to drop a set of Snoop Avatars on the virtual gaming world.

Enjin Coin (ENJIN): Enjin Coin is linked to a blockchain-based gaming products firm Enjin. The token has fallen 39.6% over the last seven days. It touched an all-time high of $4.85 in November and at press time traded 68.44% below those levels. Since the year began, it has fallen 43.12%.

Enjin recently showcased MotoBloq, an NFT auto marketplace that allows users to build their dream car collection and experience it in augmented reality.