Cryptocurrencies to Avoid Trading Next Week

Friday, 17 May 2024, 15:03
Positive sentiment is on the rise in the cryptocurrency market, but caution should be exercised when it comes to trading certain cryptocurrencies. Specifically, Notcoin (NOT) and Toncoin (TON) are experiencing negative sentiment and should be avoided next week to maintain a stable risk management strategy. While Toncoin has shown strong performance so far in 2024, recent issues raise concerns, and investors must stay vigilant.
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Cryptocurrencies to Avoid Trading Next Week

Summary:

Positive sentiment is growing in the crypto market, but caution is advised when trading certain cryptocurrencies. Notcoin (NOT) and Toncoin (TON) are trending with negative sentiments, making them risky choices. To help investors mitigate risks, Finbold provides insights based on Santiment's data on these cryptocurrencies for May 17, 2024.

Avoid Trading Notcoin and Toncoin:

Users are reporting issues with Notcoin like withdrawal problems and balance drops, while bearish momentum surrounds Toncoin due to wallet and user-related concerns. Notcoin, a Telegram game reward token, has had mixed sentiment, while Toncoin faces skepticism over functionality and reliability issues.

TON Price Analysis:

Toncoin has performed well in 2024, showing a 184% YTD increase. Technical indicators suggest a bullish outlook despite recent challenges. TON's price chart and market data reveal opportunities and risks for investors attempting to navigate its current situation.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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