5 Cryptocurrencies to Avoid Like the Plague in 2023
What a difference a year makes. Following a scorching-hot 2021 for the cryptocurrency space, the combined value of more than 21,000 digital currencies sank by $1.4 trillion, or nearly 64%, to $795 billion in 2022. With equities plunging into a bear market and cryptocurrencies failing to decouple from the stock market, this highly volatile asset class has been clobbered.
Unfortunately, an encore performance could be in the works for the new year. While a number of crypto projects have demonstrated promise, other popular digital currencies are nothing short of investment land mines. What follows are five cryptocurrencies to avoid like the plague in 2023.
Shiba Inu-themed coins plunged in 2022, and an encore performance may be in the works. Image source: Getty Images.
Source Fool.com
