PancakeSwap

Trust Wallet Token

<p>While recent trends show an upward movement in crypto prices, the market remains highly volatile. Investors need to be aware that significant price fluctuations are common in this space. <strong>That’s why in this article, we’re going to mention 3 cryptos to avoid trading today.</strong></p>
<h2 id="h-the-risk-of-snowballing-declines">The Risk of Snowballing Declines</h2>
<p>Investing in <a href="https://cryptoticker.io/en/understanding-crypto-types/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrencies</a> that have recently experienced significant price drops can be particularly risky. These tokens might continue to fall in a snowball effect, driven by market sentiment and panic selling. The recent market dynamics, coupled with the inherent volatility of cryptocurrencies, mean that some altcoins could potentially see further declines.</p>
<h2 id="h-3-cryptos-to-avoid-trading">3 Cryptos to Avoid Trading</h2>
<h3 id="1-trust-wallet-token-twt">#1 Trust Wallet Token (TWT)</h3>
<p>Trust Wallet Token (TWT) operates on the BNB Smart Chain (BEP20) platform. With a circulating supply of approximately 416.65 million out of a total supply of 999.67 million, TWT’s recent price was around $1.26, marking a decrease of 5.97% in the last 24 hours. The token is actively traded across 195 markets, with a recent 24-hour trading volume of about $36.75 million. Despite its active market presence, the inherent volatility of TWT, especially in the wake of market uncertainties, makes it a risky bet for the upcoming week.</p>
<figure class="wp-block-image size-large"><a href="https://www.tradingview.com/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow"><img loading="lazy" width="1815" height="807" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/TWTUSD_2023-11-13_22-06-41.png" alt="" class="wp-image-121532"></a>
 <figcaption>
  TWT/USD 1-day chart – <a href="https://www.tradingview.com/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
<h3 id="2-pancakeswap-cake">#2 PancakeSwap (CAKE)</h3>
<p>PancakeSwap (CAKE), a prominent player in the DeFi and DEX sector, is another cryptocurrency to be cautious about. With a circulating supply of around 228.84 million out of a total supply of 387.07 million, CAKE’s price has recently been around $2.16, experiencing a 1.28% decrease. The token is traded on over 1175 active markets, with a substantial 24-hour trading volume of approximately $124.20 million. However, given the token’s exposure to the volatile DeFi sector and recent market trends, CAKE could be susceptible to sudden price movements.</p>
<figure class="wp-block-image size-large"><a href="https://www.tradingview.com/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow"><img loading="lazy" width="1815" height="807" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/CAKEUSD_2023-11-13_22-04-33.png" alt="" class="wp-image-121531"></a>
 <figcaption>
  CAKE/USD 1-day chart – <a href="https://www.tradingview.com/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
<h3 id="3-neo-neo">#3 Neo (NEO)</h3>
<p>NEO, a cryptocurrency with a focus on smart contracts and enterprise solutions, has a circulating supply of about 70.54 million out of a total supply of 100 million. The recent price of NEO was approximately $12.19, showing a decline of 3.56% in the last 24 hours. It’s traded across 298 active markets, with a recent 24-hour trading volume of around $77.15 million. Despite its established platform, NEO’s current market position suggests potential risks in the short term.</p>
<figure class="wp-block-image size-large"><a href="https://www.tradingview.com/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow"><img loading="lazy" width="1815" height="807" src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/8/NEOUSDT_2023-11-13_22-01-01.png" alt="" class="wp-image-121530"></a>
 <figcaption>
  NEO/USDT 1-day chart – <a href="https://www.tradingview.com/?aff_id=127958" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>

3 Cryptos to Avoid Trading TODAY!

Table of Contents

CryptoTicker ENG

Other articles published on Nov 13, 2023

Binance Freezes $11.8 Million After Kidnappers Force Client Executives to Drain Crypto Wallets

BlackRock Takes Action: XRP Coin ETF Application Officially Submitted

US Options Exchange Cboe Launching Margined Bitcoin Futures

Betting on Bitcoin: Hong Kong’s Immigration Investment Scheme Opens Doors for Crypto

Navigating the AI Startup Landscape: 5 Steps to Success in 2024

Pulsar Finance acquisition signals a new strategic chapter for Terraform Labs.

Join our free newsletter for daily crypto updates!