Analysts advise against buying Cardano, Dogecoin, Litecoin

fool.com

Cryptocurrencies are experiencing significant declines, with some down 45% this year. Analysts suggest avoiding Cardano, Dogecoin, and Litecoin, despite their recent price drops. Cardano's price surged after a mention by Donald Trump but has since fallen. The U.S. government is not expected to buy Cardano on the open market, limiting its potential for recovery. Dogecoin, heavily influenced by meme culture, is down over 45% and has never traded above $1. Litecoin's potential ETF approval is uncertain, and its price has dropped below $90 after initial gains.


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