Leading experts of the cryptocurrency market have announced 3 altcoin projects that should be avoided next May! So, what are these altcoins? Here are the details…
Experts explained: “These 3 altcoin projects may hurt in May!”
Leading crypto experts have announced 3 altcoin projects to stay away from in May, using indicators such as past price trends and recent developments surrounding certain cryptocurrencies. These projects are as follows;
ABBC (ABBC)
Despite encouraging developments in recent years such as the introduction of Aladdin Wallet and the crypto payment retail mall Buyaladdin, this token continues to build on its disappointing results. The coin’s technology and adoption score currently sits at a low “E-” meaning “very weak” for altcoins. In contrast, market momentum, albeit erratic, has a “C” score of 1.85 percent daily, rated as “good” thanks to encouraging results last week (5.18 percent) and last month (37.95 percent). It is currently trading at $0.09 with a negligible gain. cryptocoin.comAs we have reported, experts recommend staying away from this crypto money project.
Dero (DERO)
Notable in the cryptocurrency market, the Dero (DERO) project has entered the cryptocurrency space with confidence and enthusiasm, claiming it is “the most technologically advanced smart contract platform.” Still, its development seems to have stalled and it earned an “E-” score for technology and acceptance. On the other hand, the market momentum of the company, which was traded at $ 7.19 at press time, was evaluated as “excellent” with a score of “B” due to the monthly increase of 21.66 percent in its price. But that momentum is constrained by the 4.32% loss on the company’s daily chart and a 10.84% drop from the previous week.
vomiting (KSM)
The popular cryptocurrency Kusama (KSM) hasn’t changed much since then, although the price of the pre-production blockchain version of the Polkadot (DOT) ecosystem spiked briefly the previous week, where the price was up almost 16 percent at the time. While the asset’s market performance maintained the same “weak” score of “D+”, it gained 0.41 percent monthly, trading at $31.5 despite a daily decline of 0.49 percent and 8.33 percent weekly, and its adoption and technological development “very weak”. continues to be evaluated. That’s why investors recommend staying away from this altcoin project.
It is very important to remember that the crypto market often surprises observers with some unexpected turns. Given this situation, even the aforementioned cryptocurrencies could make a comeback, although it doesn’t look like they’re making a comeback.
