6 Crypto To Sell If Bitcoin Cascades Hitting $65,000 Before June

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As a researcher with extensive experience in the cryptocurrency market, I have closely monitored the recent trends and analyzed the current market conditions. Based on my findings, I believe that selling certain cryptocurrencies could be an effective strategy to ensure financial stability if Bitcoin’s price drops below $65,000 before June.

Based on the latest market analysis, it appears that several cryptocurrencies are experiencing a decline. Specifically, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Optimism (OP), and NEAR Protocol (NEAR) have been identified as the top cryptos to consider selling for financial security. Bitcoin’s current price hovers around $68,000, which has sparked worries about a potential drop to $65,000 by June.

1. Crypto To Sell – Solana (SOL) 

As a researcher studying the cryptocurrency landscape, I’d describe Solana (SOL) as an innovative open-source project that harnesses the inherent decentralization of blockchain technology to deliver solutions for Decentralized Finance (DeFi). At present, Solana holds the fifth position on CoinMarketCap and boasts a substantial market capitalization of over $76.337 billion.

Solana, which is geared towards hosting decentralized applications (DApps), has seen extraordinary price surge of more than 760% in the past year. This impressive gain makes Solana a formidable option for substantial returns, especially if Ethereum manages to secure an Exchange-Traded Fund (ETF).

I’ve analyzed the current market situation, and I can tell you that Solana is priced at $168 as of now. This represents a 1% decrease in value compared to the previous 24-hour period. However, if we look at the bigger picture, over the past month, Solana’s market value has experienced significant growth, increasing by more than 18%. This strong market trend underscores the dynamic nature of the crypto market.

6 Crypto To Sell If Bitcoin Cascades Hitting $65,000 Before June

The DeFi apps on the platform are seeing a substantial increase in the amount of value being held within them, leading to heightened interest in meme coins based on the Solana blockchain. Should market circumstances change, Solana could emerge as a noteworthy cryptocurrency to keep an eye on due to this trend.

2. Dogecoin (DOGE)

Dogecoin (DOGE), which derives its name from the widely-used “doge” meme featuring a Shiba Inu breed, has experienced a significant surge in worth. At present, it boasts a market capitalization of $22.75 billion and is positioned as the eighth largest cryptocurrency. The Dogecoin price has spiked to $0.1628, representing a 5% decline over the past day. If Bitcoin dips below $65,000 before June, Dogecoin could be a worthwhile crypto asset to consider selling.

As a researcher studying cryptocurrency trends over the past year, I’ve noticed an astounding 124% increase in Dogecoin’s value. This significant growth is accentuated by a spike in large transactions, which could be indicative of substantial investments from prominent investors or “whales.” This trend implies a growing fascination with Dogecoin and its potential future value.

3. Litecoin (LTC)

Litecoin (LTC) strives to provide fast, secure, and affordable transactions by leveraging the unique features of blockchain technology. Yet, in recent developments, Litecoin has faced considerable volatility in pricing as a result of external market forces and international political instability.

At present, the price of Litecoin is sitting at $82.71, representing a minimal decrease of 3% over the past 24 hours. This digital currency holds the 21st position on CoinMarketCap with a market capitalization of $6.18 billion.

4. Bitcoin Cash (BCH) 

Bitcoin Cash (BCH) functions as a decentralized and permissionless digital currency, engineered for swift, affordable transactions, and boasting heightened confidentiality via larger block sizes. Originally conceived as a substitute for Bitcoin (BTC), Bitcoin Cash strives to evolve into a robust global currency.

At present, the price of Bitcoin Cash is around $464, representing a 6% decline over the past 24 hours. It holds the 15th position on CoinMarketCap with a market value close to $9.14 billion. Over the course of the last year, Bitcoin Cash has experienced significant growth, increasing by approximately 300%. This robust upward trend suggests a bullish outlook for the cryptocurrency.

6 Crypto To Sell If Bitcoin Cascades Hitting $65,000 Before June

I’ve observed a decrease of 11% in the value of my crypto investment within the last week, and it has also dropped by 4% over the past month. This development makes me consider selling if Bitcoin’s price falls below $65,000 prior to June.

5. Optimism (OP)

On Ethereum’s blockchain, Optimism (OP) stands out as a prominent layer-2 scaling option, acclaimed for boosting throughput and reducing transaction costs. At present, the Optimism value hovers around $2.52, but it has experienced a minor setback, with over a 3% price decline within the past 24 hours.

I’ve observed an increase of 13% over the past week, but there was a decrease of 7% when comparing to the previous month. I find it noteworthy that this solution remains a strong contender, boasting efficient transaction processing and cost savings. With its Total Value Locked surpassing $865 million, Optimism plays a pivotal role in Ethereum’s scalability solutions arena.

6. NEAR Protocol (NEAR)

NEAR Protocol, or simply NEAR, is drawing interest as a decentralized alternative to conventional cloud computing systems. It addresses the shortcomings of typical blockchains by providing faster transaction processing, increased capacity for data transfer, and enhanced connectivity between different blockchain networks.

6 Crypto To Sell If Bitcoin Cascades Hitting $65,000 Before June

In the last 24 hours, NEAR experienced a 4% reduction in value, signifying a considerable drop. However, it managed to surge by 7% over the past week and experience a substantial 5% increase within the last month. Currently ranking 19th on CoinMarketCap, NEAR Protocol boasts a market capitalization of $8.19 billion and is trading at a price of $7.58. It’s essential to note that NEAR might be a potential sell if Bitcoin falls below $65,000 before June.

Bottom Line

As a researcher studying the cryptocurrency market, I would recommend considering the sale of Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Optimism (OP), and NEAR Protocol (NEAR) if there’s a possibility that Bitcoin’s price may drop to $65,000 by June. Employing Dollar Cost Average (DCA) strategies during these dips could help increase holdings and ultimately lead to higher profits in the long term.

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2024-05-28 20:20