3 Altcoins To Sell Towards The End Of April

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As an experienced analyst, I’ve closely followed the crypto market for several years, and I believe that this sideways trend we’re seeing now is a result of traders repositioning their holdings in anticipation of the next wave in the market following Bitcoin’s halving. However, some macroeconomic factors are causing uncertainty and leading some analysts to predict corrections.

This week, the cryptocurrency market has been exhibiting a lateral trend, marked by brief spells of modest advances and slight pullbacks. As investors ponder over their altcoin holdings post-Bitcoin halving, crypto traders have been actively seeking to adjust their portfolios in preparation for the next market surge.

This situation resulted in substantial withdrawals from various assets, with some experiencing increases instead. The value of Bitcoin has risen by 1.41% over the past 24 hours, while altcoins have shown greater price hikes. Nevertheless, certain analysts predict impending corrections influenced by economic factors on a larger scale. Here are three altcoins that may be worth selling towards the end of April.

Solana (SOL) 

At the current moment, Solana is priced at $143, marking a 0.31% decrease over the past 24 hours. This downturn for Solana coincided with a broader crypto market sell-off causing altcoins to weaken. Consequently, Solana’s weekly gains have slipped into negative territory following earlier growth.

3 Altcoins To Sell Towards The End Of April

As a researcher studying the cryptocurrency market, I’ve observed that Solana (SOL) has consistently outperformed the broader market in terms of gains over the past year. However, recent outflows in April have put a damper on bullish projections for this altcoin. This week, SOL experienced a setback, with losses reaching nearly 9% within a day. Nevertheless, market bulls remain optimistic about potential highs for Solana throughout the year. Despite this, traders continue to sell off SOL in April.

Cardano (ADA)

The community dubbed killer is among altcoins with a shaky run this month. The liquidations in the market saw its price fall to $0.46 taking its market cap to $16.6 billion. ADA’s daily trading volume has plunged over 26% to $342 million. 

After undergoing a halving event, Cardano possesses certain advantages. However, due to recent market turbulence resulting in substantial liquidations, it has become one of the altcoins that investors are considering selling prior to late April.

Toncoin (TON) 

As a crypto investor, I’ve noticed that Toncoin has experienced the largest weekly losses among top altcoins, with a 23.92% decrease in value and a current price of $5.38. However, there’s been some positive movement in the last 24 hours, as the asset has gained 2.92%. Unfortunately, this hasn’t been enough to offset the weakened sentiment towards Toncoin, which is evident from the weekly outflows. Additionally, daily trading volumes have decreased by 16% to $204 million. This month, Toncoin has seen significant liquidations due to macroeconomic and industry-wide factors, causing users to sell off their holdings of this altcoin.

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2024-04-26 16:28