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<p class="is-style-lead">CoinMarketCap has seen cryptos Bonk, MultiversX, and Terra Classic experience larger than average losses between 17% and 18% amid shaken investor confidence.</p> 
<p>The top faller, Bonk (BONK), is a meme coin that gained rapid popularity on the Solana network and has since seen rapid fluctuations, with a 41%, with a 20.8% reported at the end of December. Despite reaching an all-time high (ATH) of $0.00003416 per token on Dec. 15, BONK’s value plunged by 66% since its peak. It trades at around $0.00001167, down 18.8% in the last 24 hours. </p> 
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  Top losers today | Source:&nbsp;<a href="https://coinmarketcap.com/gainers-losers/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a>
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<p>BONK is often reported alongside Shiba and Doge as a top meme coin pick, all of which are also down according to Jan. 3 reports, although less substantially.</p> 
<p>Also on the list is MultiversX (<a href="https://crypto.news/price/multiversx/" target="_blank" rel="noreferrer noopener">EGLD</a>), a token that has reported losses of 17.8% despite undergoing a new upgrade mechanism that would significantly upgrade its feature set.</p> 
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   <p lang="en" dir="ltr">Calling all validators: it's time to upgrade the mainnet to Sirius🛠<br><br>mx-chain-go v.1.6.7 is ready to significantly extend the feature set of <a href="https://twitter.com/hashtag/MultiversX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#MultiversX</a>.<br><br>Proposed, voted and passed by the community in the first protocol governance vote.<br><br>Activation at Epoch 1265 (January 16th) <a href="https://t.co/Ns13ul5IbO" target="_blank">pic.twitter.com/Ns13ul5IbO</a></p>— Lucian Mincu (@lucianmincu) <a href="https://twitter.com/lucianmincu/status/1742525877060002075?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 3, 2024</a>
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<p>EGLD currently sits at $59.12, a decrease of 16.6% in the last seven days, suggesting the ongoing downtrend is more than just a product of the negative prediction from Matrixport about&nbsp;<a href="https://crypto.news/sec-will-reject-all-bitcoin-etfs-in-january-says-matrixport/" target="_blank" rel="noreferrer noopener">spot Bitcoin ETFs</a>.</p> 
<p> You might also like: <a href="https://crypto.news/terra-classic-more-than-doubled-in-a-week-analyst-weighs-in/"> Terra Classic more than doubled in a week, analyst weighs in </a> </p> 
<p>Rounding out today’s losers is Terra Classic, which reported a 17.7% decrease today. Again, while news about Matrixport has sent the entire market down, Terra has been on a downturn all week, seeing a 20.3% increase in the last seven days, alongside news about recent network congestion.</p> 
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   <p lang="en" dir="ltr">1/ A quick rundown on the recent Terra network congestion and it's resolution ⤵️ <a href="https://t.co/3wkwvFgYFL" target="_blank">https://t.co/3wkwvFgYFL</a></p>— Terra 🌍 Powered by LUNA 🌕 (@terra_money) <a href="https://twitter.com/terra_money/status/1741008135224181080?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 30, 2023</a>
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<p>Despite waning appetite for risk, the dip in altcoins may also present an opportunity for investors to buy the dip.</p> 
<p> Read more: <a href="https://crypto.news/altcoin-market-roundup-price-sol-avax-dot/"> Altcoin Market Roundup: Price Analysis for SOL, AVAX, and DOT </a> </p>

Bonk, MultiversX, Terra Classic among biggest crypto fallers

crypto.news

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