The crypto market has recorded slight corrections with altcoins and meme tokens moving sideways. Wider losses are sparked by a loss of sentiment after Bitcoin’s price fell below $70,000. Bitcoin trades at $66,991, a 1.1% decline in the last 24 hours taking weekly outflows to 6%. This fall from previous resistance levels above $70,000 has affected investors in the market. 

Outflows from altcoins have lowered the crypto market cap to $2.44 trillion as weekly position plummets into the red zone. Altcoin leaders saw gains in the last 24 hours but a slew of other assets maintained outflows. Although bulls are projecting a rebound, short-term losses have stunted the growth of assets. Here are altcoins to sell amid market losses.

Cardano (ADA)

Community dubbed ETH killer recorded outflows this week as daily losses continue. ADA is down 2.3% in the last 24 hours and a wider 14.53% this week. Daily trading volumes for the asset plummeted 32% as sentiments fell. Cardano’s price exchanges hands at $0.4127 with bulls attempting to propel the asset past the $0.5 resistance level. Consistent outflows for ADA place it among altcoins to sell amid short-term losses.

Ripple (XRP)

Ripple has lost Q1 2024 steam although prospects abound for the asset. Daily losses continue to mount up for XRP following the altcoins market decline and regulatory issues with the Securities and Exchange Commission (SEC). The asset is down 1.9% today to trade at $0.478 while daily volumes are 14% into the red zone. Ripple bulls also seek a short-term push above $0.5 and a longer-term rally above $1 should market sentiments flip.

Solana (SOL)

Solana trades at $144.98 declining 3.2% in the last 24 hours and 15% this week. Daily trading volumes are also down 23% as the short-term corrections bite harder. This week, Solana regained the $150 mark before plunging below the resistance level. Known to outpace altcoins in rebounds, bulls express optimism for long-term growth but short-term losses place the asset in the red zone.

Also Read: Trending Crypto To Buy Under $5

The post 3 Altcoins To Sell Amid Crypto Market Correction appeared first on CoinGape.

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Filed under: News - @ June 14, 2024 3:29 pm