5 Crypto To Sell To Avoid Bear Market Losses
Release: 2024/06/18 20:46 Reading: 264
5 Cryptocurrencies to Sell for Short-Term Loss Avoidance
The digital asset market has continued its downward trend, prompting investors to liquidate crypto holdings to minimize losses. Market observers on social media suggest that asset sell-offs are likely short-term measures in response to market volatility. The decline in institutional purchases has contributed to the market downturn, as Bitcoin prices fell below $70,000.
At the time of writing, Bitcoin is trading at $65,432, representing a 2% decline. Altcoins have experienced significant losses, with the total market capitalization falling to $2.35 trillion.
Here are 5 cryptocurrencies to consider selling to protect against potential short-term losses:
1. Solana (SOL)
SOL has dropped by 4.67%, trading at $137, below several resistance levels from its Q1 2024 highs. It has recorded weekly losses of 11% and monthly losses of 21%. The market capitalization of SOL has decreased to $63.2 billion.
2. Toncoin (TON)
Despite impressive gains this year, TON has recently faced bearish activity, resulting in a 5.5% price decline to $7.26. Short-term trading volume has declined, but weekly and monthly volumes remain positive.
3. Avalanche (AVAX)
AVAX has plummeted by 9.8% in the past 24 hours, trading at $25.93. Despite increasing trading volume, AVAX remains on a downtrend. Data from CoinGecko indicates trading volume exceeding $545 million. Weekly and monthly losses of 18% and 30%, respectively, have been driven by recent outflows.
4. Dogecoin (DOGE)
Market analysts have identified DOGE as a cryptocurrency to sell due to declining investor sentiment. DOGE has fallen by 11%, with slow intraday trading. Weekly losses of 15% have contributed to broader meme coin losses. DOGE is currently trading at $0.1194.
5. Shiba Inu (SHIB)
SHIB has dropped by 10.44%, mirroring the outflows witnessed by other meme coins. Holders are continuing to sell due to bearish market conditions, resulting in a price of $0.00001764. Long-term indicators also indicate negative trading, making SHIB a candidate for loss avoidance sales.
Recent news
More>- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- Market Analyst Picks Top 5 Hidden Meme Coins for Massive 12,000% Returns 11-30
- Artificial Superintelligence Alliance Price Prediction: FET Jumps 8% As Pepe Unchained Presale Barrels Past $58.4M Amid CEX Listing Rumors 11-30
- XRP Price Prediction for Today, November 29 – XRP Technical Analysis 11-29
- Swyftx lead analyst predicts altcoins will remain shaky until BTC hits $100,000 11-29
- Top 3 Meme Coins Under $1 That Could Deliver 10,000x Growth by 2025 11-29
- 5 Best Crypto Presale Coins for 2025 [Updated List for 2025] 11-29
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com