Is thorfi (Thor) underperforming the global cryptocurrency market?

Adding ThorFi (THOR) to MetaMask, a popular cryptocurrency wallet, can be a convenient way for investors to manage their holdings. However, given the recent price decline, it's crucial to approach this process with caution.

Before adding ThorFi to MetaMask, investors should ensure that they have a secure and updated version of the wallet. This includes enabling two-factor authentication and regularly updating the software to protect against potential vulnerabilities.

ThorFi (THOR) has experienced a significant price decline of -12.60% in the past seven days, indicating a notable underperformance compared to the broader global cryptocurrency market. This trend is particularly concerning given that the market, on average, has only declined by -3.90% during the same period.

Once the wallet is secure, investors can proceed to add ThorFi by navigating to the "Assets" tab in MetaMask. Here, they will find a list of supported cryptocurrencies, including ThorFi.

When comparing ThorFi's performance to similar Avalanche Ecosystem cryptocurrencies, the difference is even more striking. While these cryptocurrencies have seen an increase of 5.80%, ThorFi has struggled to maintain its value.