Whale Tracker: Watch Out For These 3 Altcoins Losing Their Way In 2022!

The 2021 bull has led to the topping of some altcoin projects, from celebrity-approved tokens to television commercials and larger-than-life community following. Although they are waiting for new winds, their routes are unknown now, it is necessary to pay attention to the following 3 names.

3 altcoins that lost their ‘way and excitement’ in 2022

Dogecoin (DOGE)

Dogecoin was one of the trending coins of last year. For example, if you said Dogecoin would go extinct in May 2021, no one would believe you. The chest coin had an unquenchable strength that felt like it would never fall again. Investors from all corners of the world flocked to Doge to stay on trend.

Dogecoin, which has progressed rapidly until today, has lost its way, excitement and fame. It is far from being a mainstream coin as it is in 2021. Also, it barely performs on indices. Even Elon Musk’s tweets are no longer ‘exciting’. Last year, Dogecoin single-handedly led the entire news cycle. Now everyone misses the old days in 2022. Koindeks.comElon Musk’s acquisition of Twitter and integrating Dogecoin into the platform is one of the hot topics in the community right now.

Decentraland (MANA)

The Metaverse, play-to-win and Web3 segments have taken the blockchain world by storm in 2021. However, this hype was temporary and now it has been replaced by a wreck. Decentraland was not to be seen as the ‘next big project’ in the metaverse and P2E segment. But in 2022 it is almost forgotten.

As a concept, the Metaverse is like a ship that sank this year, with the neatest companies on the Fortune 500 losing billions of dollars. To add fuel to the fire, DappRadar has published a report claiming that Decentraland only gets 650 active users each day. That’s why ‘Decentraland with a market cap of $1.1 billion has only 650 users’ now on the streets. While MANA experienced all the positivity last year, it has been buried under setbacks this year. Its price is falling and has dropped from $5.85 (ATH November 2021) to $0.61 in just 10 months.

Terra (LUNC)

The wounds of TerraUST and LUNA (now LUNC ), which saw 0.00000s in May this year, are still fresh. Its founder, Do Kwon, is on the run. Although he says that this is not the case, the authorities are following his footsteps to bring the case to court. LUNC, one of Kwon’s rescue attempts, received positive reviews last year. For quite a while it was below the middle of the top 10 in terms of market capitalization. But, from 2021 to 2022, it made a complete u-turn. This caused him to not only lose his way, but also the confidence of the investor community.

In the midst of this, the LUNC community accepted proposal 5234. Accordingly, the 1.2% gas burning protocol was changed to 0.2%.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisment

Most Popular