The cryptocurrency market has seen a bit of a downturn today, with several tokens experiencing price drops. Here’s a closer look at the top 3 losers (by price change) so far:
1. JASMY (JASMY)
JASMYCoin (JASMY) has been on a rollercoaster ride recently. After a significant surge of 46.81% in the last 30 days, JASMY has unfortunately reversed course, experiencing a decline in the last 7 days. Today, the coin is down a further 6.30%, currently trading at $0.029521.
JASMY is the token of Jasmy Corporation, a Tokyo-based Internet of Things (IoT) provider. The Jasmy platform connects service providers with data users, facilitating the buying and selling data generated by IoT devices. While the long-term potential of IoT monetization is undeniable, short-term market fluctuations can significantly impact token prices.
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2. STRK (Starknet)
Starknet (STRK), the native token of the Starknet scaling solution for Ethereum, has also been feeling the heat today. The token currently trades at $0.705762, reflecting a 4.20% decrease in the last 24 hours.
Starknet has been in the spotlight recently due to its ongoing airdrop process, which has sparked debates and rumours. While the project has shown resilience in the face of recent market fluctuations, today’s decline suggests that this trend might not be sustainable. It’s important to note that airdrops can sometimes lead to short-term price volatility as recipients sell their newly acquired tokens.
3. Notcoin (NOT)
Notcoin (NOT) rounds out our list of top losers today. The token is currently priced at $0.015322, representing a slight dip of 0.98% over the past 24 hours. Despite a recent attempt to break out of a downtrend, NOT seems to be struggling to gain momentum.
However, there might be a silver lining for NOT holders. Analysts believe the token could find support at $0.015, preventing it from falling further. Additionally, some consider the short-term outlook for Notcoin bullish, suggesting a potential reversal in the near future.
