Top 4 Crypto To Sell To Avoid Being A Poor Crypto Investor
The recent market analysis highlights a decline in several cryptocurrencies, prompting investors to reassess their portfolios. Among them, Toncoin (TON), Chainlink (LINK), Polygon (MATIC), and Bitcoin Cash (BCH) are noted as the top crypto to sell to secure financial stability. Selling these could be a strategic move to mitigate potential losses in an unpredictable market.
1. Toncoin (TON)
Toncoin (TON), a creation of Telegram, is making waves in the blockchain domain with its advanced layer-1 technology, renowned for its scalability and ease of use. This blockchain caters to a broad audience, offering low transaction fees and fast processing times.
As of now, Toncoin price stands at $6.74, showing a minor increase of 0.10% over the past day and a significant 17% surge within the week. Despite a 7% decline over the month following a drop below the $7 support level, the crypto’s strong weekly performance signals a bullish trend. Currently, it ranks eighth on CoinMarketCap with a market capitalization of $23.36 billion, positioning it as a critical asset for savvy crypto investors.
2. Chainlink (LINK)
Chainlink (LINK) has solidified its role as a key blockchain intermediary, enabling the deployment of universally connected smart contracts. Recent data from Lookonchain indicates a remarkable 112% surge in LINK’s performance over the years.
Presently, the Chainlink price stands at $13.5, after a modest dip in its market value. In the last week, LINK’s price fell by 6%, and over the month, it declined by 7%. This trend positions Chainlink as a potentially unfavorable option for crypto investors seeking to minimize losses. Currently, it ranks 16th on CoinMarketCap, with a market capitalization of $7.9 billion.
3. Polygon (MATIC)
Polygon (MATIC) serves as a crucial framework that enhances Ethereum’s functionality through interoperability and scaling enhancements. Integrating a series of sidechains it considerably improves Ethereum’s efficiency, enabling faster transactions and reducing users’ costs.
As of now, the price of Polygon is at $0.6824, marking an increase of 1.19% over the past day. With a market capitalization of $6.7 billion, MATIC ranks within the top 20 cryptocurrencies. Despite this recent uptick, its value has dipped by over 6% in the past week and by 21% over the month, positioning it as a potential sell to sidestep losses in the volatile crypto market.
4. Bitcoin Cash (BCH)
Bitcoin Cash (BCH), the peer-to-peer cryptocurrency, is engineered for widespread adoption with its promise of quick transactions, low transaction costs, increased privacy measures, and larger block sizes. Currently, the Bitcoin Cash price is at $430, reflecting a slight decline of 0.43% in the last 24 hours. This crypto holds the 15th position on CoinMarketCap with a market capitalization close to $8.49 billion.
Over the last year, BCH has seen a remarkable growth of 282%, but it has recently faced challenges. In the last week, the value dropped by 8%, and over the month, there has been a 28% fall. This positions Bitcoin Cash as a potentially risky investment in the current market conditions.
Bottom line
Analyzing current trends is crucial for maintaining a healthy portfolio. By parting with specific assets like Toncoin, Chainlink, Polygon, and Bitcoin Cash now, investors can avoid significant financial setbacks and prepare for upcoming opportunities.
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