Previous bull markets in crypto showed how fortunes can be made and lost in the blink of an eye.
As we witness recent declines in both speculative and less-speculative tokens, it’s essential for investors to tread carefully.
In this article, we’ll explore three ultra-risky cryptocurrencies that should raise red flags for potential investors in the month of October.
WEMIX (WEMIX)
WEMIX, the native token of the WEMIX mega-ecosystem, has been on a rollercoaster ride over the past year or so.
While this cryptocurrency saw some significant gains in recent weeks, we believe the risks outweigh the benefits. This is primarily because of the massive volatility of the WEMIX digital utility token.
Notably, WEMIX’s 30-day volatility sits at 27.67%, which is described by CoinCodex as ‘extremely high.”
In addition, the cryptocurrency’s price remains down more than 45% in the past year and was outperformed by 75% of the top crypto assets during that period. The token is also substan
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