Market Sell-Off 2022: 2 Cryptocurrencies to Avoid

Down 44% to $1.24 trillion yearto date, the crypto market hasn't ducked the recent weakness affecting most asset classes. But even within the industry, Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) may be at higher risk of underperforming because of their hype-driven investment communities and weak fundamentals. 

Down 52% this year, Dogecoin is proof that hype doesn't necessarily lead to lasting success in the cryptocurrency market. Despite the enthusiastic promotion by Tesla CEO Elon Musk, the once-popular meme coin isn't recapturing its previous momentum, and it has fallen behind newer and more complex rivals.

Image source: Getty Images.

Continue reading

Source Fool.com