Kusama

Bitcoin Gold

Bitcoin

Gold

Mina

As May 2023 comes to a close and June draws near, many assets in the <a href="https://en.coin-turk.com/significant-market-evaluations-in-crypto-is-it-time-to-buy-bitcoin-and-altcoins/" target="_blank" rel="noopener" data-wpel-link="internal">cryptocurrency</a> market appear to be eyeing a greener start to the new month. However, amongst over 25,000 cryptocurrencies, it might seem sensible that investing in all of them may not be a good idea, at least for now. 
For this reason, experts have shared a list of three crypto assets that might be wise to avoid investing in June 2023, taking into account various crypto ratings, past price trends, and the latest developments (or lack thereof). 
<h2 style="text-align: justify;" id="kusama-b-span-data-contrast-auto-ksm-span-b-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Kusama (KSM) </h2>
Regrettably, Kusama (KSM) continues to be featured on the &#8220;avoid&#8221; lists due to low ratings of &#8216;E-&#8216; or &#8216;very weak&#8217; for adoption and technology, and &#8216;D+&#8217; or &#8216;weak&#8217; for market performance (with an average grade of &#8216;E&#8217;) according to Weiss Crypto Ratings (WCR). Simultaneously, the asset had a &#8216;CC&#8217; grade from Wikirating&#8217;s Crypto Rating Index (CRI), indicating it is currently &#8216;quite vulnerable&#8217; to failure. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-81215 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/05/ksm.png" alt="" width="1400" height="930" srcset="https://en.coin-turk.com/wp-content/uploads/2023/05/ksm.png 1400w, https://en.coin-turk.com/wp-content/uploads/2023/05/ksm-256x170.png 256w, https://en.coin-turk.com/wp-content/uploads/2023/05/ksm-768x510.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/05/ksm-1200x797.png 1200w, https://en.coin-turk.com/wp-content/uploads/2023/05/ksm-488x325.png 488w" sizes="(max-width: 1400px) 100vw, 1400px" />
At present, Kusama is trading at $26.32, seeing a 2.30% increase in the last day and a 3.97% rise over the previous week due to the influence of the first connection news with Polkadot (DOT) through Cosmos IBC. However, data collected on May 29 shows a 16.47% decline on its monthly chart. 
<h2 style="text-align: justify;" id="b-span-data-contrast-auto-mina-span-b-protocol-b-span-data-contrast-auto-mina-span-b-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Mina Protocol (MINA) </h2>
Another offender with low ratings is Mina Protocol (MINA). Wiki&#8217;s CRI suggests this crypto asset is &#8216;vulnerable and dependent on favorable trade, financial, and economic conditions to remain valuable&#8217;, giving it a &#8216;CCC&#8217; score. Meanwhile, WCR gave it an &#8216;E&#8217; or &#8216;very weak&#8217; for technology/adoption and &#8216;D+&#8217; for market performance (with an average grade of &#8216;E+&#8217;). 
<img decoding="async" loading="lazy" class="aligncenter wp-image-81214 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/05/mina.png" alt="" width="1380" height="926" srcset="https://en.coin-turk.com/wp-content/uploads/2023/05/mina.png 1380w, https://en.coin-turk.com/wp-content/uploads/2023/05/mina-253x170.png 253w, https://en.coin-turk.com/wp-content/uploads/2023/05/mina-768x515.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/05/mina-1200x805.png 1200w" sizes="(max-width: 1380px) 100vw, 1380px" />
Despite the announcement of a new regulatory compliance tool supported by zero-knowledge (ZK) proof for the decentralized finance (DeFi) and Web3 spaces, MINA accumulated a loss of 15.67% over the previous 30 days. However, the recent positivity in the crypto market has nudged its price up by 0.52% in the last 24 hours and 1.29% over the week. 
<h2 style="text-align: justify;" id="b-span-data-contrast-auto-bitcoin-span-b-gold-b-span-data-contrast-auto-btg-span-b-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Bitcoin Gold (BTG) </h2>
Meanwhile, Bitcoin Gold (BTG) received a &#8216;CC&#8217; (&#8216;extremely vulnerable&#8217;) score from both Wikiratings and TokenInsight. WCR gave it a &#8216;C-&#8216; grade or &#8216;fair&#8217; that investors could interpret as &#8216;avoid&#8217; or &#8216;hold&#8217;, with &#8216;C&#8217; in technology/adoption and &#8216;D+&#8217; or &#8216;weak&#8217; for market performance. At the time of writing, BTG was trading at $13.47. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-81213 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/05/btg.png" alt="" width="1428" height="942" srcset="https://en.coin-turk.com/wp-content/uploads/2023/05/btg.png 1428w, https://en.coin-turk.com/wp-content/uploads/2023/05/btg-258x170.png 258w, https://en.coin-turk.com/wp-content/uploads/2023/05/btg-768x507.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/05/btg-1200x792.png 1200w" sizes="(max-width: 1428px) 100vw, 1428px" />
At this price, BTG, one of the forks of the flagship DeFi asset Bitcoin (BTC), which offers a new mining protocol using basic GPUs, hosted a loss of 8.52% over the past month. However, it recorded an increase of 4.70% within the day and 2.03% over the previous week. The post <a href="https://en.coin-turk.com/crypto-investments-to-avoid-in-june-2023-experts-reveal-three-troubling-assets/" data-wpel-link="internal">Crypto Investments to Avoid in June 2023: Experts Reveal Three Troubling Assets</a> first appeared on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.The post <a rel="nofollow" href="https://en.coin-turk.com/crypto-investments-to-avoid-in-june-2023-experts-reveal-three-troubling-assets/" data-wpel-link="internal">Crypto Investments to Avoid in June 2023: Experts Reveal Three Troubling Assets</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Investments to Avoid in June 2023: Experts Reveal Three Troubling Assets

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