Unpredictability and the market’s volatility bring the need to adapt and shift from one token to another to stay profitable. At the same time, it requires the crypto to sell perspective to eliminate the assets that are declining or moving toward further losses. Interestingly, the current altcoins scenarios require token holders to re-evaluate these five coins and possibly sell them. Why? Let’s discuss.
5 Crypto to Sell This Sunday
The crypto market is filled with opportunities, but the process is not easy. Some investors opt for trending cryptos to buy, whereas others target the dip and benefit from the recovery. However, one thing is consistent: grabbing the benefit before the crash forms.
This week, altcoins like Solana, TRUMP, DOGE, WLD, PI Coin, and a few others face similar threats, which is why investors should consider all these crypto to sell. Here’s why.
1. Solana (SOL)
Solana is among the top altcoins and the epicenter of the meme coin mania. In the last few years, it has attracted massive investors due to its transaction speed, low fees, and introduction of top-notch Solana meme coins.
However, the same has led to its downfall, as LIBRA token scam and other tokens’ downfalls are ruining its reputation. Similar allegations have been made due to Pump.fun scams and the mass production of Solana meme-themed cryptocurrencies that lack utility.
A prominent crypto influencer believes Solana is becoming an extraction chain before claiming it has no future due to its diminishing long-term prospects.
2. PI Coin (PI)
PI Coin is among the most common choices for the crypto to sell due to investors’ scam speculation. Critics question its tangible value, especially as it is due for crypto exchange listings. More importantly, PI Coin lacks tangible value.
Its questionable monetization and reliance on user data make it a concerning investment. This is why investors must cautiously approach this coin or could consider selling it.
3. Official Trump (TRUMP)
TRUMP is the official cryptocurrency of the US president, Donald Trump. Although the token’s demand and hype grew to the roof moments after its launch, the ongoing price crash presents the opposite picture with a lot of controversy around a president launching a volatile asset, the Trump organization, and its affiliate controlling most of the supply, pushing into the volatility trap.
Regulatory scrutiny, lack of utility, and other factors make it risky. Before the downtrend continues to further lows, investors must consider this crypto to sell.
4. Worldcoin (WLD)
WLD gained popularity due to its connection with OpenAI founder Sam Altman and its vision of global identity verification. However, ever since its launch, privacy concerns and data collection practices have resulted in its volatile performance. Moreover, its 90% crash from its prime raises more concerns, especially as it continuously unlocks new tokens.
According to the Tokenomic data, $6.70M worth of linear token unlocks occur daily, increasing the supply and diluting the digital asset’s worth. This makes it a high-risk asset, putting it among the altcoins to sell.
5. Dogecoin (DOGE)
DOGE is among the top meme coins and relies on social media hype and celebrity endorsement to rally. However, this is also its fundamental weakness, as it lacks utility and struggles to perform often despite the heavy demand. Many critics believe that introducing new meme-themed cryptocurrencies and changing market trends make it a risky asset.
Not to mention, the $3.75 million token unlocks daily adds to its volatility, which is why investors must consider this crypto to sell this Sunday.
Disclaimer: The blog includes some volatile and struggling assets, which may become a risky investment for investors due to this significant reason. However, the reader must do further research and cautiously make a decision.
What’s In There For You?
Eliminating high-risk digital assets from portfolios is a common crypto trading practice. Amid thousands of altcoins, investors must carefully choose their investments and exchange their high-risk assets for better ones. In the same discussion, inventors can consider Solana, Dogecoin, PI Coin, WLD, and TRUMP crypto to sell this Sunday to avoid millions of losses.
More importantly, the inventor must thoroughly stay updated with market trends and research to avoid potential losses.
The post 5 Crypto to Sell This Sunday to Avoid $1 Million Losses appeared first on CoinGape.
