3 cryptocurrencies to avoid trading next week

Although the cryptocurrency industry offers plenty of opportunities for crypto traders and investors, the conditions are not always best for trading all of them, and there are some cryptocurrencies that might be a good idea to abstain from, at least in the nearest future.

Timeline of Apecoin-ape, Kucoin-token, Terra-luna

Terra Luna Classic core developer Joint L1 Task Force (L1TF) submits a proposal to create a community-owned wallet, which will be managed by the Terra Luna Classic community through governance. The developer group suggests establishing an L2 team to manage the community-owned wallet, working closely with the L1TF.

ApeCoin (APE) has experienced a notable slump throughout the second quarter of this year. As the digital currency landscape continues to evolve, investors and enthusiasts have been closely monitoring the token's performance, eagerly awaiting signs of a potential turnaround.

Terra Classic Price Analysis: Amid the increasing uncertainty in the crypto market, the LUNC price continues to coil and trades in a narrow range. The daily candle has showcased price rejection on both sides indicating the indecisiveness among market participants.

Terra Luna Classic core developer Joint L1 Task Force (L1TF) finally decided to work on the USTC repeg to revive TerraClassicUSD (USTC) price to $1. As revealed earlier by the developer group, the L1TF team will work with the RedlineDrifter-led USTC repeg team after the v2.1.1 parity upgrade to bring attention to USTC stablecoin.

Over the past week, the price of LUNC has remained strictly within the range levels of $0.0000826 and $0.0000102. During this consolidation phase, the daily chart has shown long price rejections at both of these levels, indicating uncertainty among market participants.

The Joint L1 Task Force (L1TF), comprising Terra Classic (LUNC) Core developers, successfully executed the highly anticipated Parity Upgrade on June 14, 2023. This pivotal event materialized thanks to the endorsement of Proposal 11561 by the Terra Classic Community, thus clearing the path for the seamless implementation of this critical update.

ApeCoin, the buzzing cryptocurrency governed by ApeCoin DAO, is sailing in tumultuous waters with a 28% drop in value over the last week. The unsettling salary revelations of the DAO's leadership have stirred up a storm within the community.

The cryptocurrency market has been gripped by tension and a surge of selling pressure following the Securities and Exchange Commission's (SEC) recent lawsuits targeting leading platforms Binance and Coinbase. These legal actions have had a profound impact on investor sentiment, as uncertainty looms over the future of these prominent exchanges and dozens of altcoins that the regulator labeled as unregistered securities.

Terra Classic core developer group Joint L1 Task Force (L1TF) successfully completed the network's biggest v2.1.1 parity upgrade at block height 13215800 on June 14 at 13:57 UTC. Members of the developer group Joint L1 Task Force were joined by professor and core developer Edward Kim, validators, and key LUNC community members.

Terra Classic Price Analysis: Similar to a majority of major altcoins, the LUNC price witnessed a steep correction last weekend and plunged to the local support of $0.000082. The 4-hour chart showed a new downsloping trendline carrying this correction phase, assisting sellers in maintaining trend control.