ABBC Coin

Kusama

Mina

Although the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> has plenty of digital assets that have every reason to become a valuable <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investment</a> for those ‘hodling’ it, sometimes it might be worthwhile to refrain from trading certain <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a>, at least for the time being.Based on indicators such as ratings (such as the Weiss Crypto Ratings), historical performance, and recent developments (as well as their absence) in connection with certain <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> assets, Finbold has arrived at the list of three that <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto traders</a> might want to avoid in April.<h2 id="header-0">Kusama (KSM)</h2>A pre-production <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> version of the Polkadot (<a href="https://finbold.com/cryptocurrency/polkadot/" rel="noopener noreferrer nofollow">DOT</a>) ecosystem using nearly the same codebase and branded its ‘canary network,’ Kusama (<a href="https://finbold.com/cryptocurrency/kusama/" rel="noopener noreferrer nofollow">KSM</a>) aims to be the experimental and developmental environment for new features that will eventually be deployed on <a href="https://finbold.com/cryptocurrency/polkadot/" rel="noopener noreferrer nofollow">Polkadot</a>.That said, KSM’s adoption and <a href="https://finbold.com/category/technology-news/" rel="noopener noreferrer nofollow">technology</a> development have both been <a href="https://weissratings.com/en/crypto/coin/ksm" rel="noopener noreferrer nofollow">rated</a> as ‘very weak’ (E-), with hardly any news in the past month, as well as receiving a ‘weak’ score (D&#43;) for the coin’s market performance, which has seen declining trading volume, while its price lost 0.51% on the day, 9.91% in the last week, and 13.4% on its monthly chart, currently standing at $33.14.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/49e09fbf256d440c80839355bc645258.png" />Kusama 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/kusama/" rel="noopener noreferrer nofollow">Finbold</a><h2 id="header-1">ABBC (ABBC)</h2>Another coin with poor technology and adoption (E-), as well as the market score, is ABBC (<a href="https://finbold.com/cryptocurrency/abbc/" rel="noopener noreferrer nofollow">ABBC</a>), a blockchain platform that aims to allow secure transactions using integration with facial recognition, as well as offering crypto services like Aladdin Wallet and Aladdin Pro.Despite these promises and the <a href="https://twitter.com/aladdinxchange/status/1638449083579785216" rel="noopener noreferrer nofollow">launch</a> of a new <a href="https://finbold.com/guide/cryptocurrency-staking-guide/" rel="noopener noreferrer nofollow">staking</a> portal on Aladdin Exchange, <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> data shows there are currently only <a href="https://coinmarketcap.com/currencies/abbc-coin/holders/" rel="noopener noreferrer nofollow">62 holders</a> of the ABBC coin. Moreover, in spite of gaining 2.65% across the week, its price has declined 2.27% in the last 24 hours and 6.22% over the past 30 days, currently trading at $0.07.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6d1c989e02d944248e8e550abd7f9d06.png" />ABBC 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/abbc/" rel="noopener noreferrer nofollow">Finbold</a><h2 id="header-2">Mina Protocol (MINA)</h2>Meanwhile, Mina Protocol (<a href="https://finbold.com/cryptocurrency/mina-protocol/" rel="noopener noreferrer nofollow">MINA</a>), which is building a privacy-preserving gateway with an aim to become the world’s first zero-knowledge (ZK) blockchain, has received a better market performance grade than the two previous assets due to its fair market momentum.On the other hand, its technology and adoption grade is only slightly better but still with a ‘very weak’ score of E&#43;, despite the continuous <a href="https://www.binance.com/en/feed/post/210444" rel="noopener noreferrer nofollow">chatter</a> around ZK technology. At press time, MINA was trading at the price of $0.78, recording a daily decrease of 2.71%, in addition to falling 10.47% over the week and 17.63% in the last month.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/96e95554c7c343edb931f05fe9bf73d5.png" />Mina Protocol 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/mina-protocol/" rel="noopener noreferrer nofollow">Finbold</a><h2 id="header-3">Conclusion</h2>Having said that, the crypto market often throws in some unexpected twists, such as losing <a href="https://finbold.com/50-billion-drains-from-crypto-market-cap-in-an-hour-as-bad-news-pile-up/" rel="noopener noreferrer nofollow">tens of billions to its market capitalization in a matter of hours</a>, so even the above-mentioned cryptocurrencies could show progress in the future, despite it seeming unlikely for the moment.This is why it is important to have patience, observe the market movements, developments, and sentiment carefully, as well as do due diligence in studying each digital asset before investing any significant amount of money into it.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

3 cryptocurrencies to avoid trading in April

Table of Contents

Finbold

Outros artigos publicados em 29 de mar. de 2023

US Government Holds More Bitcoin Than MicroStrategy, Tesla Combined

Russia Postpones CBDC Pilot, Waiting for Legislation to Pass

Payday raises $3 million in seed round to power Africa’s “future of work”

Green Startups Funding Hits Lowest Level Since 2020

Alibaba Cloud opens blockchain lab for Web3 game developers in Japan

Cryptopia Grand Quiz Night Campaign

Join our free newsletter for daily crypto updates!