Why Algorand, Uniswap, and Monero Plunged Today

What happened

In times of market turmoil, investors look for relative winners and losers. Today, three top tokens have underperformed the dismal showing of the overall crypto market, which has dropped 5.7% over the past 24 hours as of 2:15 p.m. ET.

Over the same time frame, Uniswap (CRYPTO:UNI) traded 10.1% lower, Monero (CRYPTO:XMR) lost 7.5%, and Algorand (CRYPTO:ALGO) sank 7.2%.

The outsized moves among these top alt coins have been driven,…


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