This is today's decline leaderboard data, below is a brief analysis of various tokens: hope it helps everyone
ยท
$GHST (-16.50%)
ยท The largest decline, as the ecological token of the Aavegotchi metaverse game, the drop may reflect an overall cooling in the NFT and GameFi sectors or a decrease in the project's own activity levels.
ยท
$PORTAL (-7.56%)
ยท Token of a cross-chain bridge project, its decline may indicate a decreasing short-term focus on cross-chain infrastructure.
ยท
$DOLO (-7.49%)
ยท Previously on the rise leaderboard yesterday, now turning to decline today, is a typical โrapid rotation, profit-takingโ market, indicating a lack of sustained independent upward momentum.
ยท
#SAHARA (-7.18%)
ยท Limited project information, as a data privacy-related project, its decline may be affected by the outflow of funds from its niche sector.
ยท
#AXL (-6.99%)
ยท Continues to appear on the decline leaderboard, indicating sustained selling pressure, the short-term trend has weakened, and time is needed to digest the selling.
ยท
#KAIA (-6.72%)
ยท Public chain project token, the decline reflects the current market's cautious investment sentiment towards emerging public chains, with a conservative preference for funds.
ยท
#TNSR (-6.43%)
ยท Governance token of the Tensor NFT trading platform, its trajectory is highly correlated with the Solana ecosystem and NFT market activity, a decline may indicate a short-term slump in this field.
ยท
#1000CAT (-6.39%)
ยท Meme coin attributes, prices are completely driven by market sentiment, a decline indicates that the hype is rapidly waning.
ยท LAYER (-5.46%)
ยท Relatively large transaction volume but still declining, may face some persistent selling pressure, need to observe if it can stop the decline.
ยท STEEM (-5.66%)
ยท Token of an established content platform, the decline is relatively mild, more of a follow-up adjustment in a market-wide downturn.
Overall, the decline leaderboard today covers a wide range, involving GameFi, cross-chain, public chains, and meme coins, indicating a lack of clear market hotspots, a significant decrease in risk appetite, and a general outflow of funds. In terms of operations, the focus should be on defense and position control, patiently waiting for market sentiment to warm up.
If you have more specific questions about why a certain cryptocurrency is declining, or want to know the key points to observe in the future, we can continue to delve deeper.