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3 Beaten-Down Cryptos That Aren't Worth Buying on the Dip
Across the board, cryptocurrencies are down for the year. In fact, some large market cap cryptocurrencies are down as much as 45% for the year. Just because they're on sale, though, doesn't mean that you should buy them.Three beaten-down cryptos to avoid for now are Cardano (CRYPTO: ADA), Dogecoin (CRYPTO: DOGE), and Litecoin (CRYPTO: LTC). All have rallied at some point this year, mostly on hype and speculation, but all are destined to fall this year. Here's why.On March 2, President Donald Trump mentioned Cardano in a single Truth Social post about the potential creation of a national crypto strategic reserve, and the price of Cardano shot through the roof for a huge one-day gain. You can see this very easily in the chart below.Continue reading
Across the board, cryptocurrencies are down for the year. In fact, some large market cap cryptocurrencies are down as much as 45% for the year. Just because they're on sale, though, doesn't mean that you should buy them.
Three beaten-down cryptos to avoid for now are Cardano (CRYPTO: ADA), Dogecoin (CRYPTO: DOGE), and Litecoin (CRYPTO: LTC). All have rallied at some point this year, mostly on hype and speculation, but all are destined to fall this year. Here's why.
On March 2, President Donald Trump mentioned Cardano in a single Truth Social post about the potential creation of a national crypto strategic reserve, and the price of Cardano shot through the roof for a huge one-day gain. You can see this very easily in the chart below.
