Markets
6 Cryptocurrencies to Sell If Bitcoin Reaches $65,000 Before June
Recent market analysis indicates a decline in several cryptocurrencies. In particular, Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Optimism (OP) and NEAR Protocol (NEAR) are identified as the best cryptocurrencies to sell to ensure financial stability. Bitcoin it currently hovers around $68,000, raising concerns about a potential jump to $65,000 before June.
1. Cryptocurrencies for sale – Solana (SOL)
The Solana Project (SOL), an open source initiative that takes advantage of the permissionless nature of blockchain, aims to provide decentralized finance (DeFi) solutions. Currently ranked fifth on CoinMarketCap, Solana boasts a market capitalization of $76.337 billion.
Designed to support decentralized applications (DApps), Solana has seen notable price growth over the past year, up more than 760%. This impressive performance positions Solana as a strong contender for substantial returns, especially if Ethereum protects an ETF.
The current price of Solana is $168, reflecting a 1% decline over the past 24 hours. Over the past month, Solana’s market value has increased by more than 18%, demonstrating strong market dynamics.
Solana Price Chart
The platform is seeing an increase in total value locked in its DeFi applications. This bullish trend is also increasing the attractiveness of meme coins on the Solana blockchain. If market conditions change, this dynamic could make Solana an important crypto asset to watch.
2. Dogecoin (DOGE)
Dogecoin (DOGE), a popular cryptocurrency based on the beloved “doge” meme depicting a Shiba Inu, has recently seen a notable increase in its value. Currently with a market capitalization of $22.75 billion, Dogecoin ranks eighth among all cryptocurrencies and stands as the leading memetic currency. THE Dogecoin price rose to $0.1628, marking a 5% decline over the past day. This makes Dogecoin a potential cryptocurrency to sell if Bitcoin drops to $65,000 before June.
Over the past year, Dogecoin is up 124%. This remarkable growth is underlined by a surge in large transactions, indicating significant investments by major players or “whales”. This trend suggests greater interest in Dogecoin.
3. Litecoin (LTC)
Litecoin (LTC) aims to facilitate fast, secure, and cheap payments using the distinct capabilities of blockchain. However, Litecoin has been grappling with significant price fluctuations of late due to external market pressures and global political uncertainties.
Currently, Litecoin is priced at $82.71, reflecting a slight decline of 3% over the past 24 hours. It ranks 21st on CoinMarketCap, with a market capitalization of $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 block sizes. Born as an alternative to Bitcoin (BTC), Bitcoin Cash aspires to become a solid global currency.
Currently, Bitcoin Cash is priced at $464, marking a 6% decline over the past 24 hours. It ranks 15th on CoinMarketCap, with a market capitalization of nearly $9.14 billion. Over the past year, BCH has increased by 300%, indicating a strong bullish trend.
Bitcoin Cash weekly chart
However, its value has fallen by 11% in the past week and by 4% over 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 optimism is at $2.52 and has seen a slight decline, dropping more than 3% over the past day.
Despite this, it saw a 13% increase over the week, but noted a 7% decline over the month. It stands out as a solid alternative, offering efficient transaction processing and cost reductions. With a Total value blocked (TVL) surpassing $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 weak interoperability.
Price chart CLOSE
In the last 24 hours, NEAR saw a decrease in value of 4%, marking a significant downward movement. Despite this, it showed a 7% increase over the week and a notable 5% jump over the past month. The NEAR protocol currently holds the 19th position on CoinMarketCap, with a market capitalization of $8.19 billion, trading at $7.58. It is also considered a cryptocurrency to sell if Bitcoin reaches $65,000 before June.
Bottom line
Analysis recommends selling Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Optimism (OP) and NEAR Protocol (NEAR) to ensure financial stability if the price of Bitcoin drops to $65,000 before June. Employing key DCA strategies during dips could boost holdings and ultimately maximize profits.
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