In July, crypto investors experienced mixed emotions as Bitcoin showed positive and disappointing movements. One of the positive highlights of the month, heading into August, was Ripple’s legal victory.
However, that only provided some relief for a short time, as the second half of the month was bearish. This is especially evident in the total market capitalisation decrease after the July 13 yearly high.
While there is a slight hope that a bullish reversal will begin in August, it cannot be fully proclaimed that August will be all green. Even though the crypto market offers numerous opportunities for investors and traders, some digital assets do not maintain consistent appeal for investment.
With a thorough analysis of market circumstances, we have created a list of three cryptocurrencies with a negative outlook and which investors should steer clear of in August.
The token behind the controversial Worldcoin project, $WLD, enjoyed a price skyrocket upon launch, but the hype has been short-lived.
The latest Elon Musk dance is the rebrand from Twitter to X. And as expected, what followed suit was a crazy upward surge of cryptocurrencies related to the term.
Bald was at the centre of controversy last week. And it all started around July 30 when the lure of meme coin fortunes helped Coinbase’s new layer-2 blockchain, Base, attract $68 million worth of Ether and over $200 million in trading volumes.
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