Cryptocurrency

Pepe

Bluzelle

THORChain

Mixin

<div class="finbold"> 
 <p class="paragraph">Investing in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies and trading <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> can be risky, due to it still being an experimental financial ecosystem in a borderless market that never sleeps. More than knowing what projects investors should buy, knowing which to <a rel="noopener noreferrer nofollow" title="avoid" href="https://thebittimes.com/tag/avoid.html">avoid</a> can save speculators from accruing huge losses.</p> 
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 <p class="paragraph">With the intent to help investors in their due diligence, Finbold has looked into a few technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) indicators, summed up to fundamental knowledge of some digital assets, to arrive at the list of those that should be <a rel="noopener noreferrer nofollow" title="avoid" href="https://thebittimes.com/tag/avoid.html">avoid</a>ed for the next week.</p> 
 <h2 class="wp-block-heading" id="h-pepe-pepe">Pepe (PEPE)</h2> 
 <p class="paragraph">Notably, the memecoin Pepe (PEPE) lost over $100 million of its market cap, from the week after Finbold listed it as the first <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency to <a rel="noopener noreferrer nofollow" title="avoid" href="https://thebittimes.com/tag/avoid.html">avoid</a> trading, on August 28, being priced as low as $0.0000006 on September 21.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="591" src="https://cdn.thebittimes.com/images/2023/09/29/50bab3e4a896773624490e91a218e614.webp" alt class="wp-image-130612" srcset="https://cdn.thebittimes.com/images/2023/09/29/50bab3e4a896773624490e91a218e614.webp 1024w, https://cdn.thebittimes.com/images/2023/09/29/50bab3e4a896773624490e91a218e614.webp 300w, https://cdn.thebittimes.com/images/2023/09/29/50bab3e4a896773624490e91a218e614.webp 768w, https://cdn.thebittimes.com/images/2023/09/29/50bab3e4a896773624490e91a218e614.webp 1196w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    PEPE 1-month price chart. Source: <em>CoinMarketCap</em> 
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 <p class="paragraph">The same fundamentals that motivated last month’s listing are still valid to the ‘Pepe the Frog’ token. However, PEPE is among the top gainers of the day by press time, with gains superior to 10% in the last 24 hours and 30% in the last seven days — creating a good opportunity for older holders to apply their exit strategies.</p> 
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       <h3 class="font-bold leading-6 " id="3-cryptocurrencies-under-0-10-to-buy-next-week"> 3 cryptocurrencies under $0.10 to buy next week </h3> 
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 <p class="paragraph">It is possible that PEPE’s price continue to go up in the short term, as the current surge could attract fresh capital, but chances are high that last month’s downtrend continue after the current relief.</p> 
 <h2 class="wp-block-heading" id="bluzelle-blz">Bluzelle (BLZ)</h2> 
 <p class="paragraph">Bluzelle (BLZ) presents itself as “a decentralized storage network for the creator economy” and recently its price has been highly affected by DWF Labs’ market-making, according to multiple reports by the analysis platform <em>SpotOnChain</em>. BLZ’s price immediately responds to DWF’s purchases and dumps — which creates higher risks for retail investors.</p> 
 <p class="paragraph">Moreover, the Relative Strength Index (RSI) from <em>Coinglass</em> also classifies Bluzelle as overbought in a 1-week timeframe. This means that BLZ could see a price correction at any moment, according to this TA indicator alone.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="400" src="https://cdn.thebittimes.com/images/2023/09/29/1ec1481954dc92bafee544cbd4f96410.webp" alt class="wp-image-130613" srcset="https://cdn.thebittimes.com/images/2023/09/29/1ec1481954dc92bafee544cbd4f96410.webp 1024w, https://cdn.thebittimes.com/images/2023/09/29/1ec1481954dc92bafee544cbd4f96410.webp 300w, https://cdn.thebittimes.com/images/2023/09/29/1ec1481954dc92bafee544cbd4f96410.webp 768w, https://cdn.thebittimes.com/images/2023/09/29/1ec1481954dc92bafee544cbd4f96410.webp 1536w, https://cdn.thebittimes.com/images/2023/09/29/1ec1481954dc92bafee544cbd4f96410.webp 2018w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    RSI 1-week Heatmap, overbought crypto. Source: <em>Coinglass</em> 
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 </figure> 
 <p class="paragraph">Interestingly, Tron (TRX), THORChain (RUNE), LeverFi (LEVER), and Aragon (ANT) are also set as overbought, and a safer approach to investors could be to also avoid buying them, although it would be necessary to have a deeper analysis considering other factors.</p> 
 <h2 class="wp-block-heading" id="mixin-xin">Mixin (XIN)</h2> 
 <p class="paragraph">Early this week, on September 23, the database of Mixin Network’s (XIN) cloud service provider was attacked by hackers, resulting in the loss of over $200 million in digital assets.</p> 
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    <p lang="en" dir="ltr">[Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet. We have contacted Google and blockchain security company @SlowMist_Team…</p>— Mixin Kernel (@MixinKernel) September 25, 2023 
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 <p class="paragraph">Meanwhile, the token XIN lost over 25% of its value in the last seven days, as investors lost their trust in the project.&nbsp;</p> 
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  <img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/09/29/a7f82a4b458d6708f2de044c9be04d47.webp" alt class="wp-image-130614" srcset="https://cdn.thebittimes.com/images/2023/09/29/a7f82a4b458d6708f2de044c9be04d47.webp 1024w, https://cdn.thebittimes.com/images/2023/09/29/a7f82a4b458d6708f2de044c9be04d47.webp 300w, https://cdn.thebittimes.com/images/2023/09/29/a7f82a4b458d6708f2de044c9be04d47.webp 768w, https://cdn.thebittimes.com/images/2023/09/29/a7f82a4b458d6708f2de044c9be04d47.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    XIN 1-week price chart. Source:&nbsp;Finbold 
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 <p class="paragraph">Despite the Mixin team stating that losses are actually lower than previously expected, a post on X (formerly Twitter) is still recommending traders and users to don’t use the network, either for transactions or market making. This brings XIN to this list of three cryptocurrencies to avoid buying next week.</p> 
 <p class="paragraph"><em><strong>Disclaimer:</strong> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/3-cryptocurrencies-to-avoid-buying-next-week-tbt64561.html">https://thebittimes.com/3-cryptocurrencies-to-avoid-buying-next-week-tbt64561.html</a></p>

3 cryptocurrencies to avoid buying next week

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