Recent market analysis highlights several market declines. cryptocurrency, urging investors to reevaluate their portfolios. Among them, Toncoin (TON), Chainlink (LINK), Polygon (MATIC), and Bitcoin Cash (BCH) are attracting attention as the top cryptocurrencies sold to ensure financial stability. Selling them can be a strategic move to reduce potential losses in an unpredictable market.
1.Toncoin (TON)
Toncoin (TON), developed by Telegram, is making waves in the blockchain domain with its advanced layer 1 technology known for its scalability and ease of use. This blockchain caters to a wide range of users and offers low transaction fees and fast processing times.
At this point, Toncoin price is $6.74, a slight increase of 0.10% over the past day and a significant increase of 17% in less than a week. Despite falling 7% in a month after breaking below the $7 support level, the cryptocurrency’s strong weekly performance indicates a bullish trend. It is currently ranked 8th on CoinMarketCap with a market capitalization of $23.36 billion, making it an important asset for savvy crypto investors.
2. Chain Link (LINK)
Chainlink (LINK) strengthens its role as the leading blockchain intermediary, enabling the deployment of universally connected smart contracts. Recent data from Lookonchain shows that LINK's performance over the years has grown by an impressive 112%.
the current, chain link price The market value has fallen slightly, but now stands at $13.5. Last week, LINK's price fell by 6%, and in one month it fell by 7%. This trend could make Chainlink a potentially disadvantageous choice for crypto investors looking to minimize losses. It is currently ranked 16th on CoinMarketCap with a market capitalization of $7.9 billion.
3. Polygon (MATIC)
Polygon (MATIC) serves as a key framework that enhances Ethereum's capabilities through enhanced interoperability and scaling. Integrating a series of sidechains greatly increases Ethereum's efficiency, enabling faster transactions and reducing costs for users.
The current price is polygon was $0.6824, up 1.19% from the past day. MATIC has a market capitalization of $6.7 billion and ranks among the top 20 cryptocurrencies. Despite this recent rally, its value has fallen more than 6% in the past week and 21% in a month, as a potential sell-off to avoid losses in the volatile crypto market. It is positioned.
4. Bitcoin Cash (BCH)
Bitcoin Cash (BCH), a peer-to-peer cryptocurrency, is designed to be widely adopted, promising fast transactions, low transaction costs, increased privacy measures, and larger block sizes. Currently, Bitcoin Cash price is $430, reflecting a slight decline of 0.43% in the past 24 hours. This cryptocurrency holds the 15th place. coin market cap The market capitalization is close to $8.49 billion.
BCH grew an impressive 282% last year, but has faced challenges recently. Last week, it fell 8%, and for the month it was down 28%. This positions Bitcoin Cash as a potentially risky investment in current market conditions.
conclusion
Analyzing current trends is important to maintaining a healthy portfolio. By exiting certain assets like Toncoin, Chainlink, Polygon, and Bitcoin Cash now, investors can avoid serious financial setbacks and prepare for future opportunities.
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