Crypto NewsAltcoinSharp Fall in Ethereum (ETH) Based Altcoins! Is the New Trend Over?

Sharp Fall in Ethereum (ETH) Based Altcoins! Is the New Trend Over?

Altcoins such as PANDORA, the experimental token standard ERC-404 tokens based on Ethereum (ETH), have experienced sharp declines in the last 24 hours.

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Recently, Ethereum (ETH)-based experimental token standard ERC-404 tokens attracted the attention of investors with their rise.

At this point, while ERC-404 tokens are experiencing a tremendous rise, investor interest seems to be slowly decreasing.

Because, according to Coingecko data, there has been a significant decline in the ERC-404 sector in the last 24 hours and the general market value has also decreased.

According to CoinGecko data, RUG decreased by 21.6% in the last 24 hours, while PANDORA decreased by 28.9% and DEFROGS decreased by 26.8%.

What are ERC-404 Tokens?

ERC-404 tokens are an experimental standard on Ethereum that mixes ERC-20 and ERC-721 and are not yet part of Ethereum.

ERC-404 tokens have recently become one of the most notable elements of the Ethereum ecosystem.

*This is not investment advice.

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