Dero

ABBC Coin

Kusama

The <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency industry</a> is bustling with digital assets of all shapes and sizes, providing various opportunities for <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> to earn income from <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">trading</a> them. However, there are also some that might be wise to avoid trading, at least for the time being.Using indicators such as ratings (like the Weiss Crypto Ratings), historical price trends, and recent happenings (or lack thereof) surrounding certain <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a>, Finbold has arrived at the list of three digital assets that might be a good idea to avoid in May.<h2 id="header-0">ABBC (ABBC)</h2>ABBC (<a href="https://finbold.com/cryptocurrency/abbc/" rel="noopener noreferrer nofollow">ABBC</a>), which was on Finbold’s list of <a href="https://finbold.com/3-cryptocurrencies-to-avoid-trading-in-april/" rel="noopener noreferrer nofollow">cryptocurrencies to avoid trading in April</a> as well, continues to build upon its unimpressive results despite promising developments in previous years, such as the launch of the Aladdin Wallet and the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> payment shopping mall Buyaladdin.As things stand, the coin’s <a href="https://finbold.com/category/technology-news/" rel="noopener noreferrer nofollow">technology</a> and adoption <a href="https://weissratings.com/en/crypto/coin/abbc" rel="noopener noreferrer nofollow">score</a> remains a low ‘E-,’ which refers to ‘very weak’ in terms of digital assets, whereas its market momentum has a ‘C’ score, rated as ‘good,’ thanks to the positive, albeit very choppy, results over the last week (5.18%) and last month (37.95%), with the minuscule daily gain of 1.85%, currently trading at the price of $0.1.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c8e2878c46b442c4834ee2f5cdbb0398.jpg" />ABBC 7-day price chart. Source: Finbold<h2 id="header-1">Dero (DERO)</h2>The Dero (<a href="https://finbold.com/cryptocurrency/dero/" rel="noopener noreferrer nofollow">DERO</a>) project burst into the crypto field with confidence and enthusiasm, announcing itself as ‘the most technologically advanced smart contract platform out there,’ but its progress now seems to be lagging, giving it a ‘very weak’ score of ‘E-’ in terms of technology and adoption.On the other hand, its market momentum is <a href="https://weissratings.com/en/crypto/coin/dero" rel="noopener noreferrer nofollow">graded</a> as ‘excellent’ with a ‘B’ score, thanks to the monthly growth of its price by 21.66%, but which is stunted by the 4.32% loss on its daily chart and a 10.84% decline across the last week, at press time changing hands at $7.24.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/37b780bea5eb429a9b71463a8abd2b52.jpg" />DERO 7-day price chart. Source: Finbold<h2 id="header-2">Kusama (KSM)</h2>Kusama (<a href="https://finbold.com/cryptocurrency/kusama/" rel="noopener noreferrer nofollow">KSM</a>) is another cryptocurrency from the last month’s list, which clearly hasn’t improved its condition much since then, despite a brief <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> recovery in the last week that has seen the price of the 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 grow by nearly 16% at the time.Similarly like the last month, its adoption and technological development still have a ‘very weak’ <a href="https://weissratings.com/en/crypto/coin/ksm" rel="noopener noreferrer nofollow">rating</a> with a slight improvement to ‘E’ from the earlier ‘E-’ score, while the asset’s market performance has retained the same ‘weak’ score of ‘D&#43;,’ having declined 0.49% on the day and 8.33% across the week, but gained 0.41% over the month, and trading at $31.5.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cd40e3103d67455eb66177a3c3d9d483.jpg" />Kusama 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/kusama/" rel="noopener noreferrer nofollow">Finbold</a><h2 id="header-3">Conclusion</h2>All things considered, it is important to remember that the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> market has a habit of surprising the observer with some unexpected turns. With this in mind, even the above-mentioned cryptocurrencies could equally make a surprise comeback, despite not looking so at the moment.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 May

目錄

Finbold

在 2023年4月24日發表的其他文章

WEF Showcases Flared Methane Energy, Bitcoin Miners Already on the Trend

Cosmos Price Prediction 2023-2032: Will ATOM Recover ATH?

What are MEV Sandwich Attacks and Why Everyone in Crypto Should Know About Them?

The World's First App for Crypto Freelancers: Growth Hack Tool Disrupts Remote Work Market

Introducing Immutable zkEVM Powered by Polygon: the Home of Gaming in Web3 in Partnership with Im...

Evidence Shows China Is on Quest To Dethrone US Dollar: White House Top Economic Adviser Nominee

訂閱免費電子報，每天收取加密貨幣最新動態！