Crypto Prices Today: XRP, MATIC & BLUR Face Big Weekly Losses

Over the past week, some of the most well-known cryptocurrencies like Ripple (XRP) and Polygon (MATIC) have been underperforming when compared to some of the other big names in the industry. Additionally, Blur (BLUR), the native token of the Blur NFT marketplace has also taken a few hits.

XRP, currently ranked as the 5th largest token by market capitalization, saw its price decrease by 0.35% in the past 24 hours. As a result, CoinMarketCap indicated that the remittance token was trading at $0.4826 at press time. Similarly, XRP also saw its price drop by over 7% in the past week.

XRP / Tether US 1D (Source: TradingView)

MATIC was also one of the many top 20 tokens that saw its price dip throughout the past day. The altcoin’s price fell by 0.46%, which left MATIC trading hands at $0.5131. Meanwhile, the altcoin’s intraday volume stood at $205,180,902 after taking a 17.27% knock.

MATIC / Tether US 1D (Source: TradingView)

The latest drop in MATIC’s price also caused it to weaken against the market leader, Bitcoin (BTC), by 3.07%. Things were also not looking much better for MATIC on the longer time frames either as the cryptocurrency suffered losses of more than 8% in the past seven days.

Meanwhile, Blur, a significant player in the NFT market introduced to users last year, has made a noteworthy announcement earlier this week. Having outpaced OpenSea as the most valuable NFT marketplace during the 2021 NFT craze, Blur has declared that the second airdrop season will conclude on 20 November 2023.

BLUR / Tether US 1D (Source: TradingView)

Compared to the start of the year, the end of 2023 has not been as kind to the BLUR token. BLUR reached its all-time high price of $45.98 in February of this year, but since then, the price of the cryptocurrency has fallen by more than 99% to trade at its currency value. At press time, BLUR was worth only $0.1557 after its price decreased by 1.34% in the past day.