Cryptocurrency experts name three cryptocurrencies that should not be invested in June

! NOT financial advice. — ed.

Over the past few days, the cryptocurrency market has seen a surge in investor activity, with both the flagship cryptocurrency BTC $62,715.77 Bitcoin 0.63% Market capitalization $1.24 trillion VOL. 24 hours $0.47 billion and the main altcoin ETH $2,449.03 Bridged Ether (StarkGate) 1.45% Market capitalization $0.19 billion VOL. 24 hours $0.23 billion gaining a little bit in value. However, not all digital coins are currently behaving stably. Analysts from Finbold told us which crypto assets should not be invested in in June 2023.

Experts have singled out Kusama (KSM), which is often featured in various anti-ratings. Currently, the asset’s value is estimated at an average of $ 26.32. Over the past day, KSM has gained about 2.3% in price. However, analysts doubt that a full-fledged upward trend can be expected in the next month.

The next cryptocurrency to be singled out by experts was Mina Protocol (MINA). «The digital asset has a fairly low rating, and it is extremely dependent on business, financial, and economic conditions,» Finbold notes. Over the past month, MINA has lost more than 15.5% in value and, according to analysts, the bearish trend will continue. At the time of writing, the asset is worth $ 0.56 with a market capitalization of $ 514.2. The cryptocurrency’s performance dropped by another 2% overnight.

Finally, Finbold representatives noted the Bitcoin Gold (BTG) cryptocurrency. Over the past month, the virtual coin’s rate has fallen by 8.52%. At the moment, BTG is showing a drop of almost 2% and is trading at $ 12.53. The market capitalization is $ 219.4 million. Experts believe that the cryptocurrency will continue to lose value in the coming weeks.

Finbold analysts emphasize that although cryptocurrency ratings can give an idea of which digital assets are risky to invest in, it is important to remember that everything can change very quickly in the crypto industry. It is best to rely on your own analysis and invest in assets that have demonstrated stability over time.