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The recent conclusion of the BTC ETF craze has positioned Bitcoin at the $39,800 mark, causing a setback for the broader cryptocurrency market. While Bitcoin maintains its position, various altcoins and meme coins are experiencing declines.

 

 

 

VeChain (VET): VeChain (VET) has struggled to generate profits over the past year, remaining on a continuous downward trend. Investors who entered the market in 2023 are facing losses with no signs of a potential rally. Despite the approval of the Bitcoin ETF, VET has not garnered buying pressure in the current year, making it advisable to steer clear of this supply chain-based coin due to anticipated further downturns.

 

 

 

Terra Classic (LUNC): Investing in Terra Classic (LUNC) is currently considered a risky move in the cryptocurrency market. The founder of the collapsed Terraform Labs and Altcoin (LUNA), Do Kwon, has declared bankruptcy in Delaware and is facing trial, leading to imprisonment for his role in the collapse of LUNA. Consequently, LUNC is likely to experience a decline this month, influenced by the ongoing trial and negative publicity. It is recommended to avoid entering positions in LUNC at this time, given the potential adverse developments affecting its price.

 

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