4 Altcoins to Sell Now to Prevent Long-Term Losses 📉
Discover the top 4 altcoins to sell now to avoid potential losses. Market trends indicate these assets could face long-term declines.
Highlights:
◇ Upcoming token unlocks may trigger heavy selling pressure across altcoins.
◇ SAND, APT, BERA, and ARB could face prolonged price declines.
◇ Market volatility remains high due to increased circulating token supply.
The cryptocurrency market is witnessing a modest rebound, but some altcoins struggle. SAND, APT, BERA, and ARB face declining momentum, raising concerns among analysts. Market data suggests these tokens could underperform in the long run, making them potential sell candidates for risk-averse holders.
Upcoming token unlocks may lead to significant selling pressure. Data from Tokenomist indicates that over $742 million worth of tokens will be released between February 10 and 17. Notable unlocks include CONX, SAND, APT, BERA, and ARB, with individual values surpassing $5 million.
The largest unlock is ARB, which will release 92.65 million tokens worth $40.57 million, representing 12.13% of its circulating supply. Meanwhile, SAND will see a 205.59 million token release worth $79.34 million, making up 8.41% of its supply. BERA, APT, and CONX will also experience substantial unlocks.
● The Sandbox (SAND)
Sandbox (SAND), a blockchain-based virtual world, surged 10% in the past 24 hours, trading at $0.396. The platform allows users to create, build, and exchange digital assets in a gaming environment. Despite the recent increase, SAND has declined 10% over the past week.
A scheduled unlock of 205.59 million tokens worth $79.34 million could impact the market. This event positions SAND as an altcoin to sell, with potential selling pressure ahead. By leveraging DAOs and NFTs, Sandbox continues fostering a decentralized gaming ecosystem.
● Berachain (BERA)
Berachain (BERA) is changing Layer-1 economics with its Proof-of-Liquidity (PoL) mechanism, creating an efficient marketplace for validators, users, and applications. BERA is currently trading at $5.31, gaining 5.43% in the past 24 hours.
A scheduled token release will introduce 12.98 million BERA tokens, valued at approximately $62.82 million. With a market cap of $570.82 million, BERA is under watch for potential volatility.
● Aptos (APT)
Aptos (APT), a Layer 1 Proof-of-Stake (PoS) blockchain, is experiencing a price surge, gaining 8% in the past 24 hours. The network, which utilizes the Move programming language initially developed by Meta’s former Diem engineers, has drawn attention amid a significant upcoming token unlock.
The APT price is $6.19 and is set to release 11.31 million APT tokens, valued at approximately $64.35 million. This scheduled unlock could introduce selling pressure, potentially affecting the token’s price. Market analysts suggest that Aptos could be among the Altcoins to sell to mitigate long-term losses.
● Arbitrum (ARB)
Arbitrum (ARB), an Ethereum layer-two scaling solution, utilizes optimistic rollups to improve transaction speeds and lower costs while maintaining Ethereum’s security. The network enhances scalability, making transactions more efficient.
Recently, the ARB price experienced an 8% surge, reaching $0.4749 within 24 hours. This increase follows growing market activity. Meanwhile, concerns arise over potential volatility as token unlock events approach. Investors closely monitor the market’s reaction to these upcoming changes, making it altcoin to watch.
Conclusion: Market trends indicate these altcoins may struggle to regain strong momentum. Investors should assess their portfolios and adjust strategies based on ongoing developments.
https://coingape.com/markets/4-altcoins-to-sell-now-to-prevent-long-term-losses/
