EOS - Why Algorand Curve DAO and EOS Crashed This Week
2023-04-21 15:50:41 ET
It's been a rather bearish week for most cryptocurrencies , with the aggregate value of the crypto market dropping by approximately 7.5% from the close of the stock market last Friday. However, a few notable underperformers have been receiving particularly negative attention from investors.
As of 2:25 p.m. ET, Algorand (CRYPTO: ALGO) , Curve DAO (CRYPTO: CRV) , and EOS (CRYPTO: EOS) had declined by 16.3%, 13.4%, and 14.2%, respectively, since last Friday's market close. Those moves were driven by a number of token-specific catalysts.
Algorand's steep drop can be attributed mainly to a Securities and Exchange Commission (SEC) filing that was made public on April 17 in which charges were laid against crypto exchange Bittrex.
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Why Algorand, Curve DAO, and EOS Crashed This Week