Ethereum

Shiba

Cardano

Solana

Shiba Inu

Crypto assets have plunged today amid negative sentiments with possible market sell-offs prompting traders to look for altcoins to sell. The losses can be seen in several altcoins including Ethereum (ETH), BNB, Solana (SOL), Ripple (XRP), and Cardano (ADA). Meme coins are not also exempted from current positions as assets lose part of previously traded inflows.
At press time, the cryptocurrency market cap slipped 0.1% to $2.54 trillion with daily volumes growing above $84 billion marking a 1.8% rise. Despite a fall in altcoins and meme coins, market leader <a href="https://coingape.com/price/bitgert/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) maintains its drive in the green zone posting a 1.3% increase with its price trading at $68,477. On the other hand, meme tokens plunged to $65.5 billion, a 5% drop in the market. Here are three altcoins to sell amid a market correction.
<h2 id="strong-ethereum-eth-strong">Ethereum (ETH)</h2>
Ethereum dominated crypto charts this month soaring over 22% with its price fluctuating near the $4,000 resistance level. The price jump of Ethereum was due to the regulatory nod by the Securities and Exchange Commission (SEC) on spot <a href="https://coingape.com/ethereum-etf-to-grab-only-20-of-spot-bitcoin-etf-flows/" target="_blank" rel="noopener noreferrer nofollow">ETH ETFs</a>.
However, divergent views have emerged on the impacts of the ETF with analysts saying low volumes will not impact the asset’s price significantly. Ethereum price is at $3,748, after declining 0.48% today and 0.33% this week. However monthly numbers remain bullish at 24%.
<img decoding="async" class="aligncenter size-full wp-image-199765" src="https://coingape.com/wp-content/uploads/2024/05/ETH_1D_graph_coinmarketcap-1.jpg" alt="" width="630" height="380" srcset="https://coingape.com/wp-content/uploads/2024/05/ETH_1D_graph_coinmarketcap-1.jpg 630w, https://coingape.com/wp-content/uploads/2024/05/ETH_1D_graph_coinmarketcap-1-300x181.jpg 300w, https://coingape.com/wp-content/uploads/2024/05/ETH_1D_graph_coinmarketcap-1-150x90.jpg 150w" sizes="(max-width: 630px) 100vw, 630px">
<h2 id="strong-ripple-xrp-strong">Ripple (XRP)</h2>
Ripple has suffered short-term losses in the crypto market this year limiting previous bullish projections for the asset. As its regulatory sage with the SEC drags on, many still wear a bearish outlook on the altcoin’s prospects. Ripple trades at $0.519 falling 0.70% today and 1.68% this month. Although volumes at up 12%, <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/xrp/" target="_blank">on-chain data</a> reveals the current bearish stance.
<h2 id="strong-shiba-inu-shib-strong">Shiba Inu (SHIB)</h2>
Shiba Inu like other meme coins recorded losses in the last 24 hours. The dog-themed token is down 7.2% today as its price hovers around $0.00002585. SHIB’s downward performance can be seen in trading volumes but ultimately comes on the back of wider sentiments plunging placing it among altcoins to sell. <a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener noreferrer nofollow">Meme coins</a> are known to rise with the wider market as investors rally towards assets.&nbsp;
Also Read:<a href="https://coingape.com/trending/shiba-inu-holders-list-out-check-out-top-contributors/" target="_blank" rel="noopener noreferrer nofollow"> Shiba Inu Holders List Out; Check Out Top Contributors </a>
The post <a href="https://coingape.com/trending/3-altcoins-to-sell-amid-bearish-sentiment/" rel="noopener noreferrer nofollow">3 Altcoins To Sell Amid Bearish Sentiment</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

3 Altcoins To Sell Amid Bearish Sentiment

Obsah

Coingape News Media

Ďalšie články zverejnené 31. 5. 2024

Spot Ethereum ETF Issuers Have Deadline Until Friday to Update S-1 Forms

700M Dogecoin Bought By Whales In The Past 72 Hours: 'Price Action Incredibly Similar To That Of ...

Chainlink (LINK) Price Faces Strong Bearish Reversal Amid Market Consolidation

Is MoonBag the Best Crypto Presale in May 2024 over PopCat and Dogeverse Amid Strong Presale Numb...

Is Qubetics Whitelist the New Crypto Gold Rush? Are Tron and Solana Dusted?

Prominent Crypto Trader Calls Solana Competitor’s Recent 20x Jump ‘ Just the Start’ – How Much Hi...

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!