After a market crash in January, altcoins are again experiencing turbulence. Although such turbulence is temporary, mixed investor sentiments significantly affect the performance of digital assets. Moreover, the crypto market is notoriously volatile, which puts pressure on their performance, so it is essential to consider which cryptos to handle and which to sell. In this blog, we will discuss five altcoins to sell before this Monday to avoid potential losses.
5 Altcoins to Sell Now
The Santiment reports revealed the increased buying pressure in the crypto market, where selling sentiments are almost negligible. However, the ongoing market conditions are putting a lot of investors in losses due to increased volatility, which creates the requirement to sell the specific cryptos—especially considering PNUT, TRUMP, JELLY, CHARLES, X, and a few other altcoins to sell due to their poor performance.
1. Peanut the Squirrel (PNUT)
PNUT gained significant attention in 2024 due to the mass coverage of the story of the Peanut squirrel, which got euthanized on the pretext of rabies. Soon, someone created a token on the same, which went viral in the industry. However, due to continuous Peanut the Squirrel controversies and the lack of bullish factors, the PNUT price continues to decline. It is facing a 90% decline from its prime, creating the need to sell before investors lose more.
2. Official TRUMP (TRUMP)
TRUMP meme coin is launched by the current US president, Donald Trump. The Trump token peaked at new highs with this association and gained attention. However, the same is among the top altcoins to sell this week, as its hype ended, resulting in a 70% drop in TRUMP price over two weeks. Moreover, critics have raised concerns about Donald Trump’s involvement with volatile assets. As a result, it is a factor that could influence TRUMP’s price further.
3. Jelly My Jelly (JellyJelly)
The Venmo founder launched the JellyJelly token just a few days ago, which became an instant hit among investors. However, a recent Santiment report identified that the token lacked primary fundamentals or developments before speculating the possibility of pump and dump. Moreover, the JellyJelly price has continuously declined on the charts, making it problematic and crypto to sell.
4. Charles (CHARLES)
The owner of the ADA meme, CHARLES, made a strategic move, sending 90% of the total supply to Cardano founder Charles Hoskinson. This was done to capitalize on the founder’s name. However, Hoskinson burned all ADA meme coins to save investors from this sketchy token falsely associated with his name. The token has already crashed on the chart and may continue to decline due to the burning of 90% of its supply.
5. X Empire
The native token of the popular Telegram mini-game, X Empire, failed to perform in the market. The token has been suffering since its launch and has worsened since then. Its price has declined more than 85% from its peak. With time, the price may continue to decline, as this crypto project has no new upcoming update.
Disclaimer: This blog analyzed some of the altcoins to sell. Although the conclusion is made considering their price performance and investor sentiments, the outcome may vary. The crypto market is filled with uncertainties and changing trends, so investors must do their research.
Final Thoughts
Amid the market volatility, PNUT, X Empire, JellyJelly, TRUMP, and CHARLES have become the top picks for altcoins to sell due to poor performance on the chart. All these crypto tokens exhibit poor performance and face significant events that cater to their decline. Crypto investors could consider these tokens to lose after doing proper research. Meanwhile, they can consider Bitcoin, XRP, and a few other cryptos to buy before Monday due to their incredible performances.
The post 5 Altcoins to Sell Now Before This Monday to Prevent Losses appeared first on CoinGape.
