Crypto analysts listed 3 altcoin projects that should be avoided during the week of March 13. Kucoin pressure from New York State Attorney General Letitia James and the global banking crisis could trigger a second wave of selling.
Attention to these 3 altcoin projects in the week of March 13
V.Systems (VSYS)
VSYS is currently showing daily and monthly gains of 5% and 52%, respectively. Due to its recent increase in the market, it currently ranks 915th in terms of market cap. On the other hand, its weekly chart shows a loss of 25.05% and is currently trading at $0.00204.
V.Systems (VSYS), a blockchain infrastructure provider focused on database and cloud services, claims to enable high-performance money printing, transaction processing and smart contract functions; however, due to its slow technology and adoption, it only received an ‘E-‘ rating from Weiss Crypto Ratings.
Weiss Crypto Ratings is a cryptocurrency rating system designed for all stakeholders in the cryptocurrency space, including individual investors, users and others willing to take significant risks. Other altcoin projects approaching the red line are as follows:
Ultrain (UGAS)
Ultrain (UGAS), which builds a sustainable ecosystem and enables a variety of industrial applications that use innovations in cryptography to try and solve the scalability and performance issues of other Blockchain platforms, is among the altcoins recommended to avoid this week. UGAS price is already continuing its downtrend since last week.
Although it has reasonable momentum in the market, its price is up 14.65% compared to last week and 83.49% compared to the previous 30 days. However, its technology and adoption rate is still very low (only 4,000 followers on Twitter) and its market cap is 1,854 among all cryptocurrencies. is ranked. It is trading at $0.00149 at the time of writing, down 10% in the last 24 hours.
Tokenomy (TEN)
Tokenomy (TEN) aims to promote financial inclusion and provide entrepreneurs with access to alternative financing networks through its token exchange and crowdfunding platform. Still, its slow adoption earned it a very low score among all actively traded cryptocurrencies, despite the fact that his team recently posted a job posting for various tech positions.
The 996th cryptocurrency by market size is currently trading at $0.0218, up about 2% from the previous 24 hours. Let’s say that it made a double-digit rally during the week. The TEN price drop came at a time when Bitcoin was recovering amid the Silicon Valley Bank bankruptcy. cryptocoin.com We have included the latest developments about the current situation of the bank in this article.
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