Despite overflowing with cryptocurrencies of all shapes and sizes with various levels of investment potential, the cryptocurrency sector still has some assets that might be a good idea to stay away from, at least for the time being, for one reason or the other.
In this context, using indicators such as the price history, ratings (like the Weiss Crypto Ratings (WCR), TokenInsight, and Wikirating’s Crypto Rating Index (CRI), and recent developments (or lack thereof) of crypto assets to arrive at the list of five that might be wise to avoid getting involved within the week of June 19.
Kusama (KSM)
Having become a regular sight in ‘to avoid’ lists, the token of Kusama (KSM), the pre-production blockchain version of the Polkadot (DOT) platform, continues to receive poor ratings, including an ‘E’ or ‘very weak’ from WCR, and a ‘CC’ grade from CRI, which refers to a ‘cryptoasset that is currently highly vulnerable’ to failure.
At press time, Kusama was changing hands at
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