Bitcoin has gone through its fourth halving event this Friday. However, no immediate price surge or decline has happened in the cryptocurrency market. The global market cap is at 2.32 Trillion with a 1.37% dip, and the trading volume is at $72.64 Billion with a 36% dip, indicating a slow market. Many analysts believe that a few cryptocurrencies might face some serious price drops in the next few days under the impact of this Bitcoin halving, but a bull run might occur by the year-end.
In this blog, let us discuss the 4 cryptocurrencies you should consider selling before their price decline more.
4 Cryptocurrencies To Sell After This Halving
According to CoinmarketCap data, cryptocurrencies like Wormhole, Starknet, Worldcoin, and Conflux have been the biggest victims of price drops in the last few days.
Wormhole (W)
Wormhole, an interoperability platform, has continuously declined for the last few days. It has lost more than 57.38% of its value in just 15 days. The token is currently trading at $0.5879 with a market cap of $1,058,159,709 after a drop of 4.98% within a day. Also, the trading volume fell to $137,985,778 after a 17.13% decline.
Also Read: Bitcoin Halving is Over. Will Bitcoin Price Fall Down?
Being new to the market, Wormhole has faced a bad start and hasn’t built much in the name of community. Though it surged to $1.62 around 17 days ago, the token could not stay on the hike for long. It has recently crossed its lowest point of $0.4642, and the chances are high that market fluctuations due to Bitcoin halving might push the value more down.
Starknet (STRK)
Starknet, a decentralized ZK Rollup, is currently trading at $1.33 after facing a decline of 41.34% in a month. During this, STRK even dropped to its all-time low value of $1.15.
It’s not just the case this month because the token price is down from the first day of launch. Due to a lack of community support and unfavorable market conditions, Starknet’s price has failed to recover. Its market cap is at $884,625,405 after a 4.58% drop. Also, the trading volume has decreased to $92,912,724 within a day.
Worldcoin (WLD)
At the time when analysts believed the AI tokens would take over the crypto market, the Worldcoin price has been continuously declining.
Worldoin is a cryptocurrency launched by Sam Altman, but the token has failed to succeed to better heights. The token is currently trading at $5.02 and has lost 37% of its value in the last 30 days. It has a market cap of $958,702,591 with a trading volume of $268,098,355.
Worldcoin price started surging by late February, the same time OpenAI introduced SORA to the world, which created an initial hike for the token, and later, the bullish market conditions helped the token to surge.
Conflux (CFX)
Conflux has had major fluctuations in the last few days and is currently trading at $0.2399 after a 36% drop in a month. CFX value has continuously declined after the March end and is still on a bearish trend.
Its trading volume has also faced a fall of $22.60, pushing the value down to $52,922,172.
Conclusion
While keeping the upcoming market fluctuations in mind, investors should be cautious about their holding. The next few days can be quite crucial for the crypto market, so investors need to be careful while buying or selling cryptocurrencies to ensure minimal loss.
Read More Bitcoin Halving Highlights 2024; The Halving Block Rewarded Validator With $2.6M
This news is republished from another source.
