Why Cardano, XRP, and Chainlink Tokens Are All Plunging Today
Cardano (CRYPTO: ADA), XRP (CRYPTO: XRP), and Chainlink (CRYPTO: LINK) are reversing their moon missions today and instead are falling all the way down to earth. As of 1:18 p.m. EDT, they were down 12.81%, 17.68%, and 18.39%, respectively, in the previous 24 hours. That left Cardano at $2.48 per token, XRP at $1.14, and Chainlink at $29.05.
At this point, seasoned cryptocurrency investors have seen just about everything, but they were not expecting Kim Kardashian to be blamed for inducing FUD (or fear, uncertainty, and doubt) surrounding the sector. On Sept. 6, the chairman of the U.K.'s Financial Conduct Authority, Charles Randell, claimed celebrities like Kardashian put retail investors at risk by luring them toward altcoins that could be scams. Earlier this year, Kardashian promoted a little-known "penny stock" cryptocurrency called Ethereum Max to more than 200 million followers on Instagram. As a result, the token has lost more than 90% of its value since its May highs.
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Source Fool.com
