Crypto Crash 2022: Top 5 Losers in January

3. Curve DAO Token (CRV)

Decline in Price in January 2022: 46.8%

Michael Egorov, a Russian scientist with experience in cryptocurrency-related enterprises, is the founder and chief executive officer of Curve DAO Token. Curve DAO Token is one of the top contenders for stablecoin trading.

Curve DAO Token allows DeFi activities on its platform, including yield farming and liquidity mining, in addition to catering to investors who want to maximize returns with minimum risk, since the platform provides trading in non-volatile stablecoins.

CRV was launched in August 2020 and is positioned as a governance medium, incentive structure, and fee payment method on the Curve DAO Token platform. The total CRV supply is 3.03 billion tokens, and the crypto crash of 2022 resulted in the coin’s price declining by 46.8%, rendering it as one of the top losers in January.