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Crypto Contagion Concerns Sink Cronos, Curve, and Polygon This Week

Chris MacDonald, The Motley Fool
·2-min read
Crypto Contagion Concerns Sink Cronos, Curve, and Polygon This Week

Most major cryptocurrencies saw marked declines this past week, on growing contagion concerns resulting from the fallout of once-prominent crypto exchange FTX. Thus, it's perhaps unsurprising to note the double-digit declines in popular tokens Cronos (CRYPTO: CRO), Curve DAO (CRYPTO: CRV), and Polygon (CRYPTO: MATIC). It wasn't necessarily the size of the weekly decline for these three cryptos -- which fell 18.2%, 19%, and 12.4%, respectively, as of noon ET on Friday -- that has shocked investors into selling.

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