CRYPTOCURRENCY to avoid Next week
As investor prepared for the next week,
finbold looked into leading indicators to
list cryptocurrencies that investors should
avoid trading.Informed by both their
underlying economic model and RSI signal,
these coin may pose a higher risk in the
coming days.
dYdX(DYDX)
This native token of DyDX(DYDX)is the first
cryptocurrency to avoid trading next week
due to fundamental economic espects.
notably,a massive token unlock start November
24 and continues until December 1.
During the next 7 days dYdX team will unlock
152.16 millions DYDX,accounting for 84.41%
of it circulating supply.This unprecedented
supply inflation could create a huge selling
pressure that might drastically effect the
token's performance.
Meanwhile DYDX is trading at $3.59,up 9%
in the last 24hours according to
token.unlock
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