3 Worst Altcoins To Sell Ahead of Next Bull Run

As a seasoned researcher with over a decade of experience in the crypto market, I have learned that understanding the dynamics of VC emissions is crucial for making informed investment decisions. With the potential rate cut looming, it’s essential to be cautious and consider selling some altcoins that are about to experience significant supply pressure due to token unlocks.


In light of the market’s expectation that interest rates might decrease in September, crypto investors would be wise to use this moment to review their investment portfolios and dispose of any altcoins that are not performing well. A crucial factor to consider when deciding which altcoins to offload is the detection of substantial Venture Capital (VC) emissions, as such an occurrence could intensify market supply pressure.

3 Altcoins to Sell as Major Token Unlocks Loom

Investor-allocated tokens, like those given to venture capitalists or team members, are referred to as VC emissions. These tokens aren’t immediately available; instead, they’re subjected to a vesting schedule, which means they’re held for a specific duration and then gradually released. This process helps maintain a steady supply in the market, creating pressure on sellers to offload their assets.

Release of Venture Capital (VC) emission tokens can significantly influence an asset’s price trend, because the issuance of these tokens directly affects the balance between supply and demand. Generally speaking, when a large amount of tokens are emitted, the increased supply may overwhelm the demand, resulting in a downward push on the asset’s price.

According to the information from Crypto StreamHub, it underscores significant carbon emissions from various tokens during the following six months. Notably, these are the leading altcoins that could potentially be offloaded:

    Worldcoin (WLD)
    Ondo (ONDO
    Jito (JTO

6-month growth rates for the mentioned VC Tokens:
— Crypto Stream (@CryptoStreamHub) September 15, 2024

Worldcoin (WLD)

Over the past four days, the price of WLD has experienced a steady decline from $1.62 down to $1.40, representing a drop of approximately 13%. This decrease in value has also resulted in a reduction of the Worldcoin market capitalization to $610.73 Million. If selling pressure continues, it’s possible that the WLD price could fall an additional 8% before reaching the significant support level at $1.3.

As Worldcoin is poised for a significant 218% increase in token supply, the sellers could breach the bottom support to drive a 24% fall to $0.97.

3 Worst Altcoins To Sell Ahead of Next Bull Run

Contrarily, it seems that Worldcoin’s price could exhibit signs of recovery as WorldID is being integrated into the Solana network.

Ondo (ONDO)

Ondo Finance’s native token, ONDO, is part of a decentralized finance (DeFi) system that specializes in developing unique financial products. Over the course of four months, the price of ONDO exhibited a significant downward trend, falling from $1.48 to $0.598, representing a 60% decrease in value.

For the altcoins you might consider selling, it’s predicted that ONDO‘s price will decrease by approximately 8.4% before hitting a support level of around $0.538 over the next few months. Given that the supply of this token is expected to surge by 134.82%, there’s a possibility that sellers could attempt to push the price below $0.538, aiming for the secondary support at $0.38, and potentially even dropping as low as $0.318 if the market pressure continues.

3 Worst Altcoins To Sell Ahead of Next Bull Run

Jito (JTO

In simpler terms, the Jito coin ranks lowest among the alternative coins we’re considering for sale in the cryptocurrency market right now. Its current value is around $1.89 and it has a total market capitalization of approximately $240.6 million. Interestingly, if you look at its price chart, it appears to be forming a symmetrical triangle pattern.

As a researcher examining the Jito coin market, I’ve noticed that its price is just 2% from dipping below the lower trendline of the triangle pattern we’re seeing. Given that emissions are scheduled to increase by 168% for this coin by December, there’s a potential for sellers to break through the current bottom support if they see fit. If this were to happen, it could trigger an extended correction, potentially pushing the price down to $1.65, and further to $1.37 in subsequent drops.

3 Worst Altcoins To Sell Ahead of Next Bull Run

However, for a detailed analysis of performing coins, check our top altcoin to buy article.

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2024-09-16 18:54