These 10 Cryptocurrencies Plunged More Than 50% in a Month (January 31, 2022)

Investing in cryptocurrencies carries a high-risk potential. Therefore, caution is needed when choosing an investment portfolio to avoid significant losses due to the highly volatile nature of cryptocurrencies.

According to Coinbase, Goldfinch Protocol (GFI) was traded at Rp 66,471.31 per coin on Monday, January 31, 2022, at 7:41 WIB. This means that investors holding GFI experienced an 86.07% loss in the last month. This is the steepest decline among other cryptocurrencies.

The cryptocurrency with the next steepest decline over the past month was Spell Token (SPELL), at 68.66%, reaching Rp 104.02 per coin. This was followed by Gala (GALA), which corrected by 59.65% to Rp 2,690.22 per coin.

Furthermore, SushiSwap (Sushi) also plummeted 58.97% in the last month, reaching Rp 58,126.42 per coin. IDEX (IDEX) fell 56.87% to Rp 1,637.32 per coin, Biconomy (BICO) decreased by 55.13% to Rp 30,214.23 per coin, and Clover Finance (CLV) corrected by 53.13% to Rp 4,747.95 per coin.

Also, Mirror Protocol (MIR) decreased by 53.12% over the past month to Rp 16,200.58 per coin, Measureable Data Token (MDT) corrected by 52.14% to Rp 857.36 per coin, and Adventure Gold (AGLD) decreased by 51.98% to Rp 11,510.18 per coin.