More cheapening is an expression used to describe the process of something becoming less valuable or losing its worth. However, there are several other synonyms for the term, which include depreciation, devaluation, and downgrading. Depreciation refers to the fall in value of something over time, while devaluation describes the reduction of value in something like currency or assets. On the other hand, downgrading refers to the reduction of something, such as a position or status, to a lower level. Regardless of which term you use, the meaning is ultimately the same - something that was once valuable has become less so over time.