Markets
6 Cryptocurrencies to Sell If Bitcoin Hits $65,000 Before June
Recent market analysis indicates a slowdown in several cryptocurrencies. Notably, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Optimism (OP), and NEAR Protocol (NEAR) are identified as the top cryptocurrencies to sell to ensure financial stability. Bitcoin is currently around $68,000, raising concerns about possible cascades up to $65,000 before June.
1. Crypto for sale – Solana (SOL)
The Solana Project (SOL), an open source initiative leveraging the permissionless nature of blockchain, aims to provide decentralized finance (DeFi) solutions. Currently ranked fifth on CoinMarketCap, Solana has a market capitalization of $76.337 billion.
Designed to support decentralized applications (DApps), Solana has seen remarkable price growth over the past year, climbing over 760%. This impressive performance positions Solana as a strong contender for substantial returns, particularly if Ethereum gets an ETF.
The current price of Solana is $168, reflecting a 1% drop over the past 24 hours. Over the past month, Solana’s market value has jumped more than 18%, demonstrating strong market momentum.
Solana Price Chart
The platform is experiencing an increase in total value locked in its DeFi applications. This upward trend also strengthens the appeal of meme coins on the Solana blockchain. If market conditions change, these dynamics could make Solana an important crypto asset to watch.
2. Dogecoin (DOGE)
Dogecoin (DOGE), a popular cryptocurrency based on the beloved “doge” meme featuring a Shiba Inu, has recently seen a notable increase in value. Currently holding a market capitalization of $22.75 billion, Dogecoin ranks eighth among all cryptocurrencies and is the first. piece of money. THE Dogecoin Price surged to $0.1628, marking a 5% decline over the past day. This makes Dogecoin a potential crypto to sell if Bitcoin falls to $65,000 before June.
Over the past year, Dogecoin has surged 124%. This remarkable growth is underlined by an upsurge in major transactions, a sign of significant investments from major players or “whales”. This trend suggests increased interest in Dogecoin.
3. Litecoin (LTC)
Litecoin (LTC) aims to facilitate fast, secure and cost-effective payments using the distinct capabilities of the blockchain. However, in recent times, Litecoin has faced significant price fluctuations due to external market pressures and global political uncertainties.
Currently, Litecoin is priced at $82.71, reflecting a slight 3% decline over the past 24 hours. It ranks 21st on CoinMarketCap, with a market capitalization of $6.18 billion.
4. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a decentralized, permissionless cryptocurrency designed for fast, low-cost transactions with improved privacy through larger block sizes. Established as an alternative to Bitcoin (BTC), Bitcoin Cash aspires to become a strong global currency.
Currently, Bitcoin Cash is priced at $464, down 6% in the last 24 hours. It ranks 15th on CoinMarketCap, with a market capitalization of nearly $9.14 billion. Over the past year, BCH has surged 300%, indicating a strong uptrend.
Bitcoin Cash Weekly Chart
However, its value fell 11% last week and 4% during the month. This positions it as a potential sell if the Bitcoin price drops to $65,000 before June.
5. Optimism (OP)
Optimism (OP) is a leading Layer 2 scaling solution on the Ethereum blockchain, known for improving scalability and reducing transaction fees. Currently, the Optimism Price is at $2.52 and has seen a slight decline, recording a decline of over 3% over the past day.
Despite this, it experienced an increase of 13% over the week but noted a decline of 7% over the month. It presents itself as a robust alternative, offering efficient transaction processing and cost savings. With a Total value locked (TVL) exceeding $865 million, Optimism is a key player in the Ethereum scalability solutions landscape.
6. NEAR Protocol (NEAR)
The NEAR protocol (NEAR) is attracting attention as a decentralized cloud computing platform. It offers solutions to traditional blockchain challenges, such as slow transactions, limited throughput, and poor interoperability.
NEAR price table
During the last 24 hours, CLOSE experienced a 4% drop in value, marking a significant downward movement. Despite this, it posted a 7% increase over the week and a notable 5% jump last month. NEAR Protocol currently occupies the 19th position on CoinMarketCap, with a market cap of $8.19 billion, trading at $7.58. It is also considered a crypto to sell if Bitcoin reaches $65,000 before June.
Conclusion
Analysis advises selling Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Optimism (OP), and NEAR Protocol (NEAR) to ensure financial stability if Bitcoin price falls to 65 000 before June. Using key DCA strategies amid declines could boost holdings and potentially maximize profits.
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