Cryptocurrencies have gained significant popularity in recent years, with Bitcoin being the most well-known and traded digital currency. However, there are hundreds of other cryptocurrencies in the market, each with its unique features and growth potential.
The crypto market has experienced a bullish rally in the last few weeks but currently has slowed down. Also, many crypto analysts anticipate a potential rebound by the end of March or early April to revive the market. However, many meme coins and altcoins could potentially experience a crash.
Moreover, the upcoming weeks will be essential in keeping an eye on market volatility, possible regulatory changes, and potential profit-taking by large institutions. Many popular analysts are paying attention to three crypto assets that may see a decline in price due to challenges in breaking resistance levels.
3 Cryptocurrencies To Sell Before a Market Crash
As the cryptocurrency market continues to grow and evolve, investors need to stay informed about potential risks and challenges. While many cryptocurrencies have shown success and stability, some may be at risk of a potential market crash.
Here are the top 3 cryptocurrencies that you should consider selling before a potential market crash:
1. BONK
Bonk (BONK) is a dog-themed meme coin on Solana, created “for the people, by the people.” The primary goal of the Bonk team is to restore liquidity to Solana-based decentralized exchanges (DEXs).
As we found on CoinMarketCap, the BONK Coin is currently trading at $0.00002254, experiencing a 22% decrease in value in the last week after hitting an all-time high earlier this month.
Moreover, investors are optimistic about the ongoing bullish trend in the crypto market, aiming for growth. On the other side, short sellers might anticipate a downturn in assets like BONK to profit from selling high and buying low.
2. PEPE
Pepe is another meme coin that has gained widespread recognition in the meme coin market over the last year. At the beginning of March, the frog-themed Pepe coin’s value surged, influenced by the bullish crypto market. But currently, the PEPE Coin is experiencing a bearish rally and has gained one more zero in its price.
As per CoinMarketCap, the Pepe Coin is currently trading at around $0.000007318, marking a 16.25% decline in the last week. This meme coin experienced significant value growth this month and removed a zero from its price.
3. Shiba Inu
Shiba Inu (SHIB) is another popular meme coin that has been in the spotlight lately. It was created as an alternative to other meme coins like Dogecoin and continues to gain traction in the market. However, despite its growing popularity, SHIB Coin is facing some challenges.
As of now, the SHIB Coin is trading at around $0.00002611, with a 20.01% decrease in the last week. This decrease in value can be attributed to the overall bearish trend in the crypto market, along with some concerns regarding the high token supply.
However, the Shiba Inu Coin continues to grow with the coin being touted as the “Dogecoin killer” by some enthusiasts.
Our Opinion: in the past and current years, meme coins have gained significant attention in the crypto market. With names like Dogecoin, BONK, PEPE, and Shiba Inu making headlines, it’s clear that these coins are here to stay. However, investors must conduct thorough research before investing in these types of coins as they can be highly volatile.
Also Read: Factors Behind Bitcoin’s Price Decline: How Far Will BTC Dip as it Nears $60K?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
