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3 Cryptos to Avoid No Matter What

TheMotleyFool

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The bankruptcy of FTX and rapid drop in the FTX Token has caused a lot of investors to rethink the value in these cryptocurrencies. In particular, project, exchange, and meme tokens should be questioned more than ever.

Three that I think should be avoided at all costs right now are ApeCoin (CRYPTO: APE), BNB (CRYPTO: BNB), and Dogecoin (CRYPTO: DOGE).

The launch of ApeCoin was one of the strangest in 2022. Yuga Labs, which launched the Bored Ape Yacht Club and related non-fungible tokens (NFTs), was not technically involved in the token's launch, but it was given 16% of the tokens at launch and the four Yuga Labs founders were given 8% of the tokens. Launch contributors were given another 14%.

Source Fool.com

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