The US Securities and Exchange Commission has withdrawn its lawsuit against executives of blockchain company Ripple. The majority of assets in the cryptocurrency sector started recording gains triggered by this news. However, some cryptos have not yet felt the impact of this. As a matter of fact, crypto expert Ana Zirojevic, by doing research on the performance of the crypto market in recent days, discovered 3 altcoins that it may be prudent to avoid trading for now or at least for the next week.
First ranked altcoin: Conflux (CFX)
His team had valuable promises to deliver a public blockchain that is more scalable, decentralized and secure than existing protocols. Despite this, Conflux (CFX) is experiencing a lack of updates, especially regarding the progress of the network. For this reason, next week does not seem to be a very attractive investment opportunity. On top of that, although it gained 1.53% in the last 24 hours thanks to the general optimism in the markets, it fell by 8.38% in the previous seven days. Additionally, it lost 17.70% on its monthly chart. The altcoin is currently changing hands at $0.11, according to the latest data.
STP (STPT) comes in second place
STP (STPT) is a platform with a mission to create and scale an identity layer for Autonomous Worlds by providing the necessary infrastructure, vehicle platforms and data indexing. However, the altcoin project has yet to attract public attention with meaningful progress. For now, its price stands at $0.0619. It also recorded a 1.4% drop on the day, where most other cryptos are currently advancing. Thus, it increased the decline in its weekly chart to 9%. However, as the latest charts show, it recorded a gain of 16.82% during the previous month.
End next altcoin: WEMIX (WEMIX)
WEMIX (WEMIX), the cryptocurrency of a network that aims to be an “experience-based, platform-oriented and service-oriented decentralized Blockchain protocol” that strengthens a “mega ecosystem” of Web 3.0 platforms, currently lacks developments that will attract the attention of investors. Therefore, it is a good idea to avoid this altcoin project next week. According to the latest data, WEMIX was trading at $1.03. The token has gained 23.64% in the past month. Additionally, it saw a 19.6% increase on the day. However, it only registered a 1.5% increase on its weekly chart due to a sharp decline during the week. This shows that the token is quite volatile.
All things considered, next week is a good time to avoid investing in the above altcoin projects, though sentiment may change. The opinions and predictions in the article belong to the expert and are definitely not investment advice. Because cryptokoin.com We recommend that you do your own due diligence and weigh the risks before investing a significant amount of money into any crypto asset on the market.
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