Logo
Cardano Ecosystem

Coingape

04/10/2024

·

45 views


Are These The Best 5 Cryptos To Sell As Bitcoin Heads Into Halving?

Story Highlights Bitcoin's surge past $72,000 fuels optimism in the crypto market. XRP, ADA, SHIB, NEAR, and WIF are highlighted as top-sell options. BTC halving anticipation boosts interest in diverse...

Are These The Best 5 Cryptos To Sell As Bitcoin Heads Into Halving?

5 Best Cryptos To Sell As Bitcoin Price Tops $72,000 Pre-Halving

Story Highlights

  • Bitcoin's surge past $72,000 fuels optimism in the crypto market.
  • XRP, ADA, SHIB, NEAR, and WIF are highlighted as top-sell options.
  • BTC halving anticipation boosts interest in diverse crypto investments.

The negative outlook in the crypto market on Wednesday, April 10 has been attributed to the stubborn inflation in the US. Bitcoin price plunged to $67,500 following the release of the CPI report, triggering a wider sell-off among altcoins, particularly impacting XRP, Cardano (ADA), Shiba Inu (SHIB), and NEAR Protocol (NEAR), which have emerged as focal points for those looking to make strategic moves in the market.

These cryptocurrencies have attracted attention due to their potential for significant gains, making them top candidates for investors considering their sell options.

1. XRP

XRP stands out as a leading cryptocurrency, built on a platform that is both open-source and decentralized. It’s celebrated for being cost-effective, quick in processing transactions, scalable, and eco-friendly. Despite legal hurdles, including a notable lawsuit accusing it of unregistered securities sales, Ripple Labs, which is closely linked to XRP, has continued to prioritize compliance and innovation. 

5 Best Cryptos To Sell As Bitcoin Price Tops $72,000 Pre-Halving
XRP price chart

Recently, XRP’s price surpassed a crucial $0.60 resistance level, indicating a strong upward movement over the last year despite periodic market adjustments. Currently, the XRP price is at $0.6088, with a 2.81% increase, signaling a positive momentum and ranking it as the sixth-best cryptocurrency for trading.

2. ​​Cardano (ADA)

​​Cardano (ADA), a frontrunner in third-generation blockchains, stands out for its adoption of the proof-of-stake (PoS) mechanism. This system is far more energy-efficient than traditional proof-of-work (PoW) models. Recently, a rise in Bitcoin’s value has also propelled ADA upwards. 

At present, Cardano’s price is $0.609. It has seen a 3% increase in the last 24 hours, signaling a bullish momentum. Despite fluctuating trends in recent weeks, ADA maintains its position as the ninth-largest cryptocurrency, with a market capitalization surpassing $21 billion.

3. Shiba Inu Coin (SHIB)

Shiba Inu Coin (SHIB), the second-largest meme coin, has made significant strides in the decentralized finance arena, capturing attention worldwide. In the past year, SHIB’s value soared by 165%, although it recently saw volatility over the past week. 

Currently, Shiba Inu Coin price is at $0.00002906, marking a 3.37% rise in just 24 hours. This climb indicates a strong potential for further growth. The spike in its trading volume, alongside increased SHIB token burns, contributes to this surge. Additionally, the rising fame of similar meme tokens such as PEPE, DOGE, Floki, and WIF plays a part in SHIB’s growing appeal.

4. NEAR Protocol (NEAR)

NEAR Protocol (NEAR) has been making waves as a decentralized cloud computing platform, offering solutions to the traditional challenges faced by other blockchains, including slow transactions, limited throughput, and weak interoperability features. 

Over the past 24-hours, NEAR has witnessed an impressive 7% increase in its value. This marks a significant upward movement, showcasing a 10% rise over the week and a notable 39% jump in the last month. Currently, NEAR price holds the 19th position on CoinMarketCap, boasting a market capitalization of $7.98 million, signaling its potential as a prime selling opportunity in the crypto market.

5. Dogwifhat (WIF)

In the Solana ecosystem, the meme token Dogwifhat (WIF) has caught the attention of many, demonstrating a bullish momentum recently. The past 24 hours have seen an 18% upsurge in WIF price, reaching $4.17, with its market capitalization climbing to about $4.19 billion. This places it at 31st among cryptocurrencies. 

5 Best Cryptos To Sell As Bitcoin Price Tops $72,000 Pre-Halving
dogwifhat price chart

Despite a 4% dip over the week, WIF’s monthly increase of 89% is impressive, especially considering the recent uptick in Bitcoin’s value. This trend suggests WIF could soon breach the $10 mark, presenting a lucrative selling opportunity for investors.

Bottom Line

As Bitcoin eclipses the $72,000 mark, the spotlight turns to XRP, ADA, SHIB, NEAR, and WIF. These cryptocurrencies offer intriguing possibilities for those looking to optimize their portfolio ahead of the Bitcoin halving, signaling a vibrant phase for the crypto market.

Related Articles

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Next Story

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Coingape

ORIGINAL SOURCE

https://coingape.com/markets/5-best-cryp...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Rare Evo: A Blockchain Event

More from Coingape

See more
Cardano's USDA Set To Launch Amid Global Stablecoin Push
Coingape
Cardano's USDA Set To Launch Amid Global Stablecoin Push

07/09/2024

·

49 views

Related News

See more

Argentina Digital Nation 2024
Rare Evo: A Blockchain Event
Argentina Digital Nation 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)