Bitcoin
6 Cryptocurrencies to Sell If Bitcoin Hits $65,000 Before June
Recent market analysis indicates a recession in several cryptocurrencies. Notably, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Optimism (OP), and NEAR Protocol (NEAR) are identified as the top cryptocurrencies to sell to ensure financial stability. Bitcoin it is currently hovering around $68,000, raising concerns about potential cascades to $65,000 before June.
1. Crypto to Sell – Solana (SOL)
The Solana (SOL) project, an open-source initiative that leverages the permissionless nature of blockchain, aims to provide decentralized finance (DeFi) solutions. Currently ranked fifth on CoinMarketCap, Solana has a market cap of $76.337 billion.
Designed to support decentralized applications (DApps), Solana has experienced notable price growth over the past year, surpassing 760%. This impressive performance positions Solana as a strong candidate for substantial returns, especially if Ethereum guarantees an ETF.
The current price of Solana is $168, reflecting a 1% drop in the last 24 hours. Last month, Solana’s market value increased by more than 18%, showing strong market momentum.
Solana price chart
The platform is experiencing an increase in the total value locked in its DeFi applications. This bullish trend is also increasing the appeal of meme coins on the Solana blockchain. If market conditions change, these dynamics could make Solana a significant crypto asset to watch.
2. Dogecoin (DOGE)
Dogecoin (DOGE), a popular cryptocurrency based on the beloved “doge” meme featuring a Shiba Inu, has seen a notable increase in value recently. Currently with a market value of US$22.75 billion, Dogecoin ranks eighth among all cryptocurrencies and stands out as a leader meme coin. O Dogecoin Price rose to $0.1628, marking a 5% drop in the last day. This makes Dogecoin a potential cryptocurrency for sale if Bitcoin drops to $65,000 before June.
Last year, Dogecoin increased by 124%. This notable growth is underlined by an increase in large transactions, indicating significant investments from large players or “whales”. This trend suggests greater interest in Dogecoin.
3. Litecoin (LTC)
Litecoin (LTC) aims to facilitate fast, secure and cost-effective payments using the distinctive features of blockchain. However, in recent times, Litecoin has faced significant price fluctuations due to external market pressures and global political uncertainties.
At the moment, Litecoin it costs US$82.71, reflecting a slight drop of 3% in the last 24 hours. It ranks 21st on CoinMarketCap, with a market value of US$6.18 billion.
4. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a decentralized, permissionless cryptocurrency designed for fast, low-cost transactions with greater privacy through larger blocks. Established as an alternative to Bitcoin (BTC), Bitcoin Cash aspires to become a solid global money.
At the moment, Bitcoin Money it costs US$464, marking a 6% drop in the last 24 hours. It ranks 15th on CoinMarketCap, with a market capitalization of almost $9.14 billion. Over the past year, BCH has risen 300%, indicating a strong uptrend.
Bitcoin Cash Weekly Chart
However, its value fell 11% last week and is down 4% for the month. This positions it as a potential sell if Bitcoin’s price drops to $65,000 before June.
5. Optimism (OP)
Optimism (OP) is a leading layer 2 scaling solution on the Ethereum blockchain, recognized for improving scalability and reducing transaction fees. Currently, the Price of optimism it is at US$2.52 and has suffered a slight drop, registering a drop of more than 3% in the last day.
Despite this, it recorded an increase of 13% over the week, but recorded a decrease of 7% over the month. It stands out as a robust alternative, offering efficient transaction processing and cost reduction. Common Total Blocked Amount (TVL) exceeding $865 million, Optimism is a key player in the Ethereum scaling solutions landscape.
6. NEAR Protocol (NEAR)
The NEAR Protocol (NEAR) is gaining attention as a decentralized cloud computing platform. It offers solutions to traditional blockchain challenges such as slow transactions, limited throughput, and poor interoperability.
NEAR price chart
In the last 24 hours, CLOSE saw a 4% decrease in value, marking a significant downward movement. Despite this, it showed a 7% increase over the week and a notable 5% jump over the last month. NEAR Protocol currently ranks 19th on CoinMarketCap, with a market capitalization of US$8.19 billion, trading at US$7.58. It is also considered a crypto to sell if Bitcoin reaches $65,000 before June.
Conclusion
Analysis advises selling Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Optimism (OP) and NEAR Protocol (NEAR) to ensure financial stability if Bitcoin price drops to US $65,000 before June. Employing key DCA strategies amid declines could increase holdings and eventually maximize profits.
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