The cryptocurrency market is experiencing significant pressure, with 90% of the top 100 tokens recording losses over the past 90 days. Notably, Ethereum (ETH) and Aave (AAVE) have both fallen by more than 20%. The market's fear and greed index indicates extreme pessimism, as losses range from 1.34% for SKY to a steep 43.61% for TON.
Analysts caution that many tokens may struggle to recover, highlighting the importance of projects with tangible utility and sustainable income models. Amid this market correction, investors are advised to prioritize long-term value over short-term gains.
90% of Top 100 Tokens Decline in 90 Days, ETH and AAVE Drop Over 20%
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