4 Cryptos That You Might Consider Selling This Bitcoin Halves

Wormhole, Starknet, and a few more cryptocurrencies have become the worst performing coins since the Bitcoin halving, with no changes to the market.

This Friday was the fourth halving event for bitcoin. But there hasn’t been a sudden increase or decrease in the price of cryptocurrencies. A slow market is indicated by the worldwide market cap of 2.32 trillion, which has decreased by 1.37%, and the trading volume of $72.64 billion, which has decreased by 36%. Many analysts predict that the impact of this Bitcoin halving would cause some significant price declines for a few cryptocurrencies in the next days, but that by year’s end, a bull run may take place.

Let’s talk about the four cryptocurrencies in this blog post that you should think about selling before their price drops much further.

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4 Cryptos You Might Want To Sell

The most severely hit cryptocurrencies during the past several days have been Wormhole, Starknet, Worldcoin, and Conflux, according to data compiled by CoinmarketCap.

Worldcoin (WLD)

The price of Worldcoin has been steadily falling since analysts predicted that AI tokens will dominate the cryptocurrency market.

Worldoin, Sam Altman’s cryptocurrency token, has not achieved the success that the project deserved. At its current price of $5.02, the token has shed 37% of its value over the past 30 days. Its $268,098,355 in trading volume gives it a market cap of $958,702,591.

The price of Worldcoin began to skyrocket in late February, coinciding with OpenAI’s global launch of SORA. This event caused an initial boost for the token, and subsequent favourable market conditions further contributed to its surge.

Conflux (CFX)

After a 36% monthly decline, Conflux is now trading at $0.2399 following significant volatility in the past few days. Since the end of March, the value of CFX has been steadily declining and is currently trending downward.ge.

The value has dropped to $52,922,172, and its trading volume has also experienced a decline of $22.60.

Wormhole (W)

The interoperability platform Wormhole has been steadily falling in value over the past several days. Its value has dropped by around 57.38% in only 15 days. After falling 4.98 percent in the past 24 hours, the cryptocurrency is now trading at $0.5879 and has a market cap of $1,058,159,709. There was a 17.13% drop in trade volume as well, at $137,985,778.

Read This Also: The Bitcoin Halving Has Ended. Could Bitcoin’s Value Decline?

Wormhole has had a rocky start and hasn’t accomplished much in terms of community building due to its newness to the market. Despite a spike to $1.62 about 17 days ago, the token was unable to maintain its increase. Market volatility caused by Bitcoin’s halving has the potential to further drive down its value, which has just surpassed its lowest point of $0.4642.

Starknet (STRK)

Starknet, a decentralized ZK Rollup, has fallen 41.34% in the past month and is now trading at $1.33. While this was happening, the price of STRK hit a new low of $1.15.

The decline in token value since launch day is ongoing, not limited to one month. The price of Starknet has not gone back up because of the market and the absence of community backing. A decrease of 4.58% has reduced its market cap to $884,625,405 today. Furthermore, the trade volume dropped to $92,912,724 in just one day.

Conclusion

It is important for investors to exercise caution when holding their assets, considering the impending market swings. Investors should exercise caution while purchasing or selling cryptocurrencies in the next days to avoid suffering significant losses, as these days could prove to be pivotal for the crypto market.

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1. Register an Account

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2. Deposit Funds

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

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3.How to Trade BTC?

Here are the steps to trade BTC on BTCC

1) First, tap “Futures” on the website homepage

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

5) Then select your order type, and choose your leverage.

If you choose Limit or SL/TP order, you will need to enter your order price here.

Enter the quantity or choose the percentage under the quantity field.

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.