Why Chainlink, Polygon, and Monero Nosedived Today

What happened

As of 3:30 p.m. ET, top cryptocurrencies Chainlink (CRYPTO:LINK)Polygon (CRYPTO:MATIC) and Monero (CRYPTO:XMR) found themselves in the crypto doghouse. These tokens have dropped 6%, 5.1%, and 7.6% over the past 24 hours, respectively.

The top crypto projects each saw declines that were more than double the overall market, which dropped 2.3% over the past 24 hours, at 3:30 p.m. ET. Today, investors are pricing in amplified risk…


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