The recent crypto market downturn has led to significant losses, particularly impacting altcoins as Bitcoin experienced a crash. Amid the sell-off, some tokens hit new all-time lows, struggling to maintain stability.
BeInCrypto has identified three prominent tokens that have reached new lows:
Arbitrum (ARB)
Arbitrum faced a significant 40% drop in the past 24 hours, reaching an all-time low of $0.345. Market uncertainty has contributed to this decline, casting doubt on the altcoin’s short-term prospects.
Although the token has slightly recovered to $0.416, the failure to sustain at $0.473 has left Arbtrium vulnerable. Further dips could lead to new lows, increasing losses for investors and painting a bearish picture.
BLUR
BLUR saw a 26% decline, now trading at $0.124 with $0.103 marking a new all-time low. Investor concerns have risen, hinting at potential further declines if the current trend persists.
A rebound to $0.125 and establishing support could shift momentum, paving the way for a rally towards $0.170 or higher, offering a glimmer of hope for recovery.
Daddy Tate (DADDY)
DADDY experienced a 30% drop, hitting a new all-time low of $0.0317. Initially popular as a meme coin, investor uncertainty has grown amidst the substantial losses.
Reclaiming $0.0459 as support could overturn the bearish outlook, while breaking through $0.0541 would strengthen the bullish case, potentially sparking renewed investor interest in the token.