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<p>Crypto investors are constantly on the lookout for the next big opportunity. However, not all digital assets are created equal, and some may be better off avoided, at least for the time being. In this article, we’ll take a closer look at BEAM, etch.ai (FET), and dogwifhat (WIF), and explore why these cryptos might not be the best investments this month.</p>
<p>One of the most significant factors to consider when evaluating a cryptocurrency is its price action. In the case of BEAM, FET, and WIF, their recent price movements have been less than encouraging.</p>
<p><strong>BEAM: Gaming Narrative Cooling Off</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-1024x464.png" alt="" class="wp-image-505058" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-261.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>BEAM, a cryptocurrency with a gaming narrative, has seen its price decline sharply since March, dropping by more than 50% from $0.044 to $0.021. Over the past two weeks, it has been range-bound, trading between $0.026 and $0.03. Despite the current bullish trajectory in the market, BEAM’s price action is not following suit, which could be a cause for concern.</p>
<p><strong>FET: <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> Narrative Losing Steam</strong> <br>FET, another cryptocurrency with an AI narrative, has also failed to capitalize on the trending narrative in the market. Its price has dropped by more than 20% in the last two weeks, ranging between $2.5 and $1.9. Currently, the price is sliding towards the lower part of the range, further diminishing its investment appeal.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="465" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-1024x465.png" alt="" class="wp-image-505050" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-1024x465.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-767x348.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-1536x697.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-260.png 1823w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>While meme coins have been a hot topic in the crypto community, not all of them are performing equally well. This brings us to dogwifhat (WIF), a meme coin that had a parabolic pump but is now cooling off.</p>
<p><strong>dogwifhat (WIF): Cooling Off After Parabolic Pump</strong> <br>dogwifhat (WIF) is currently trading below a key resistance level of $3.4, indicating a potential downward trajectory. However, the coin has been consistently bouncing off a trendline since March, suggesting that a price recovery might be on the horizon.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="465" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-1024x465.png" alt="" class="wp-image-505066" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-1024x465.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-767x348.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-1536x697.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-262.png 1823w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>One of the most trending meme coins at the moment is FLOKI. The attention given to this token could be one of the factors affecting other meme coins in the market, including WIF.</p>
<p>As stated by the X account <a href="https://x.com/bitcoinlfgo/status/1798743612584526165?t=UxuWOwbAHsgVCYsJt-GGug&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">BITCOINLFG®</a>, “BREAKING: #BNB chain has acknowledged $FLOKI as the biggest #memecoin on its chain. #FLOKI has been outperforming $PEPE, $BONK, $WIF, $DOGE, and $SHIB recently due to $BNB hitting ATH, since it is the biggest <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> on BNB chain.</p>
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/why-cardano-ada-jasmycoin-jasmy-and-shiba-inu-shib-prices-are-surging/" target="_blank" rel="noopener noreferrer nofollow">Why Cardano (ADA), JasmyCoin (JASMY), and Shiba Inu (SHIB) Prices are Surging</a></em></strong></p>
<p>The BNB Chain has acknowledged FLOKI as its biggest meme coin. This recognition, coupled with the recent all-time high of BNB (the native cryptocurrency of the BNB Chain), has fueled FLOKI’s outperformance compared to other popular meme coins like PEPE, BONK, WIF (dogwifhat), DOGE, and SHIB. As the leading meme coin on the BNB ecosystem, FLOKI has benefited from increased attention and investment, driving its success over its meme coin counterparts.</p>
<p>While BEAM, FET, and dogwifhat (WIF) may have their merits, their recent price action and market trends suggest that they might not be the best investment choices this month.</p>
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<p>The post <a href="https://captainaltcoin.com/heres-why-beam-fetch-ai-fet-and-dogwifhat-wif-are-cryptos-to-avoid-this-month/" rel="noopener noreferrer nofollow">Here’s Why BEAM, Fetch.ai (FET), and dogwifhat (WIF) Are Cryptos to Avoid This Month</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why BEAM, Fetch.ai (FET), and dogwifhat (WIF) Are Cryptos to Avoid This Month

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