The crypto market has seen a bearish trend recently, causing significant liquidation in various assets. Among the altcoins to avoid this cycle are MELANIA, CAR, and LIBRA WIF. These tokens have experienced multiple downturns, seeing drastic price reductions since their launches. Investors should tread cautiously with these options as they continue to show downward momentum.
MELANIA
MELANIA, a meme-based cryptocurrency, saw a surge in popularity following Trump’s inauguration, creating significant hype. However, this excitement quickly dwindled, leading to a sharp decline.
After hitting its all-time high of $13.73 on January 20, 2025, MELANIA experienced a dramatic 91% drop in value. By February 20, 2025, it reached an all-time low of $1.20, marking it as one of the altcoins to never buy in this cycle.
Despite the unlocking of $39 million worth of tokens, MELANIA has shown no significant price movement, signaling investor disinterest and a lack of market confidence.
CAR
CAR (Central African Republic) has launched its $CAR token, aiming to demonstrate how a simple meme can bring people together, promote national growth, and put the country on the global stage.
Trading at $0.01430, the token has experienced a 40% decline recently. Its all-time low was recorded on February 18, 2025, at $0.01139. The CAR experiment seeks to innovate and raise the nation’s profile through the power of digital currency and community engagement.
LIBRA, once touted as Argentina’s official cryptocurrency, has collapsed, resulting in a staggering $4.4 billion loss for investors.
Initially embraced as a promising digital asset, the memecoin is now trading at $0.1856, reflecting a sharp 10% drop.
Its all-time low of $0.123 was recorded just a week ago, on February 15, 2025. The scandal surrounding LIBRA has sent shockwaves through Argentina’s crypto scene and political landscape, with President Javier Milei facing mounting corruption accusations.
Critics argue that Milei’s promotion of LIBRA misled investors and artificially inflated its market value. Meanwhile, lawmakers claim insiders benefitted by cashing out before the inevitable collapse, leaving many with heavy financial losses.
Dogwifhat (WIF)
Dogwifhat (WIF) has been trading in a bearish trend since it fell below the $1 mark, signaling ongoing struggles. At the time of writing WIF price is trading at $0.6338, within 10% decrease in the past week.
The Solana meme coin has remained below its support levels, with the price potentially heading toward $0.50 if the bearish pressure persists.
Many meme coins, including the DOGE price, have faced difficulties in reclaiming their all-time highs. As of March 31, 2024, WIF saw a steep decline of over 86%, making it one of the Altcoins to never buy during this market cycle.
In conclusion, while the crypto market presents opportunities, it’s crucial to be mindful of altcoins never to buy like MELANIA, CAR, and LIBRA WIF. They have displayed persistent downward movements, making them risky investments in the current market cycle.
The post 4 Altcoins to Never Buy This Cycle appeared first on CoinGape.
