Top 10 Cryptocurrencies to Sell before the Ethereum Merge
With more than twenty thousand cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US exchange-listed stocks. That massive amount of supply makes it nearly impossible to keep track of all the big movers in the crypto sector outside of well-known coins like Bitcoin, Ether, and Dogecoin. The surge in new crypto coins came amid a massive bull market for the sector in 2021, but a more than 50% decline in bitcoin from its November high is challenging the space. Ethereum Merge is around the corner and many cryptocurrencies will witness the price surge but also many will fall. This article explores the top cryptocurrencies to sell before the Merge takes place.
Theta
Theta is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.
Filecoin
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised US$205 million in an initial coin offering (ICO) in 2017, and initially planned launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network.
IOTA
The very reason why cryptocurrency investors are keen on selling IOTA is that they may want to consider selling IOTA for a new coin with more hype and potential. If the same is the case with you as well, then go ahead.
Ripple
Ripple is considered to be a better alternative to Bitcoin. Its scalability and liquidity have won attention from every corner of the world. The fact that it likes to have short-lived bull cycles where it marks up in price followed by a longer bear cycle throws light on why it should be sold off before it is too late.
Litecoin
Litecoin is known in the cryptocurrency market for its faster transaction speed and scalability. In no time, it evolved to become one of the top 10 cryptocurrencies. If you want to move profits back into Bitcoin, USD, or another altcoin, consider selling off Litecoin.
EOS
Investors very well know that EOS hasn’t moved in price much for the last couple of years. This is why they are of the perception that selling off EOS might be more profitable rather than holding onto their EOS position.
Yearn Finance
Quite evidently, Yearn Finance is an exciting project. The token YFI has now corrected more than 50%, thereby emphasizing the very fact that it should be sold off before it is too late to regret and not able to do anything later!
Polkadot
Polkadot is, without a doubt, one of the most popular altcoins. At this point, taking partial profits and setting a stop loss at your entry point is considered to be an ideal way to go about it.
Stellar Lumens
Stellar Lumens has been quite a popular altcoin couple of years back but hasn’t made much movement since then and underperformed Bitcoin during the run-up to $65,000. Thus, selling this altcoin makes every possible sense right now.
Libra Coin
Libra Coin rose to fame as it was pioneered by top-tier enterprises like Facebook, PayPal, and Mastercard, to name a few. However, with the current market scenario in mind, Libra Coin would fetch better at a sell position.
The post Top 10 Cryptocurrencies to Sell before the Ethereum Merge appeared first on Analytics Insight.
With more than twenty thousand cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US exchange-listed stocks. That massive amount of supply makes it nearly impossible to keep track of all the big movers in the crypto sector outside of well-known coins like Bitcoin, Ether, and Dogecoin. The surge in new crypto coins came amid a massive bull market for the sector in 2021, but a more than 50% decline in bitcoin from its November high is challenging the space. Ethereum Merge is around the corner and many cryptocurrencies will witness the price surge but also many will fall. This article explores the top cryptocurrencies to sell before the Merge takes place.
Theta
Theta is a blockchain-powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.
Filecoin
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised US$205 million in an initial coin offering (ICO) in 2017, and initially planned launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network.
IOTA
The very reason why cryptocurrency investors are keen on selling IOTA is that they may want to consider selling IOTA for a new coin with more hype and potential. If the same is the case with you as well, then go ahead.
Ripple
Ripple is considered to be a better alternative to Bitcoin. Its scalability and liquidity have won attention from every corner of the world. The fact that it likes to have short-lived bull cycles where it marks up in price followed by a longer bear cycle throws light on why it should be sold off before it is too late.
Litecoin
Litecoin is known in the cryptocurrency market for its faster transaction speed and scalability. In no time, it evolved to become one of the top 10 cryptocurrencies. If you want to move profits back into Bitcoin, USD, or another altcoin, consider selling off Litecoin.
EOS
Investors very well know that EOS hasn’t moved in price much for the last couple of years. This is why they are of the perception that selling off EOS might be more profitable rather than holding onto their EOS position.
Yearn Finance
Quite evidently, Yearn Finance is an exciting project. The token YFI has now corrected more than 50%, thereby emphasizing the very fact that it should be sold off before it is too late to regret and not able to do anything later!
Polkadot
Polkadot is, without a doubt, one of the most popular altcoins. At this point, taking partial profits and setting a stop loss at your entry point is considered to be an ideal way to go about it.
Stellar Lumens
Stellar Lumens has been quite a popular altcoin couple of years back but hasn’t made much movement since then and underperformed Bitcoin during the run-up to $65,000. Thus, selling this altcoin makes every possible sense right now.
Libra Coin
Libra Coin rose to fame as it was pioneered by top-tier enterprises like Facebook, PayPal, and Mastercard, to name a few. However, with the current market scenario in mind, Libra Coin would fetch better at a sell position.
The post Top 10 Cryptocurrencies to Sell before the Ethereum Merge appeared first on Analytics Insight.
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