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Why Chainlink, Polygon, and Monero Nosedived Today

Why Chainlink, Polygon, and Monero Nosedived Today

As of 3:30 p.m. ET, top cryptocurrencies Chainlink (CRYPTO: LINK), Polygon (CRYPTO: MATIC) and Monero (CRYPTO: XMR) found themselves in the crypto doghouse. Today, investors are pricing in amplified risk among high-growth stocks and digital tokens, amid a rising interest rate environment. Chainlink, Polygon, and Monero are projects that have grown rapidly over the past year.