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7 Cryptos to Sell Now Before They Crash




cryptos to sell - 7 Cryptos to Sell Now Before They Crash

Investors looking for cryptos to sell don’t really have to look far. Indeed, taking the short side of the bet on pretty much any crypto projects this year has been profitable.

However, at these depressed levels, bulls are starting to get interested in investing in some beaten-down tokens. With speculative interest nearing lows not seen in some time, perhaps the bounce-back potential in many high-momentum cryptos is worth a look? After all, we saw what happened following the pandemic.

That said, not every crypto project is the same. Like the stock market, there are quality projects providing real-world utility to users. And then there are other popular digital tokens with little use other than as speculative bets.

Differentiating between the two is the difficult part. But it’s important to know which cryptos to sell, and when.

Here’s a list of seven projects that investors may want to consider selling, at least in the near-term. This list includes some projects that many investors may be bullish on over the long-term (myself included).

However, in this market, this is my list of cryptos to sell — ones I think could have significant near-term downside.

Shiba Inu (SHIB)

Source: Alfa Grandpa /

One of the highest-flying meme tokens of 2021 has become one of the biggest laggards of 2022 — and the first of our cryptos to sell. Indeed, Shiba Inu (SHIB-USD) is one of the most speculative tokens out there. It’s fitting to start this list with a token that previously saw multi-million-percent moves in less than a year.

That’s because speculative momentum-driven rallies work in both directions. Right now, we’re in the midst of what many are calling a “crypto winter.” What that really means, in layman’s terms, is an extended bear market.

However, no matter how you put it, the future isn’t so bright for Shiba Inu. Absent speculative interest in this crypto project, there really isn’t much under the hood for investors to latch on to. Yes, there’s a decentralized exchange called Shibaswap in the works, as well as an NFT (non-fungible token) art incubator. But given the reduction in transaction volumes on the network, many believe this project may not survive a sustained bear market.

ApeCoin (APE)

ApeCoin logo displayed on a phone on top of $100 bills. ApeCoin stock. ApeCoin Price Predictions.

Source: mundissima / Shutterstock

Another meme token which has taken the market by storm this year is ApeCoin (APE-USD). While this token is “only” down 46% since its ICO date this year, it’s worth noting that APE was launched in March 2022, making this project an outlier on this list.

ApeCoin is unique in that this project was launched with the blessing of the makers of the Bored Ape Yacht Club NFT collection. ApeCoin has been designed to be a next-generation NFT, used in a Bored Ape ecosystem which will eventually include a metaverse and other interactive media.

However, interest in anything tied to the metaverse has died off. NFT volumes and prices are way down (including those of the Bored Apes). And ApeCoin’s ties to the Ethereum (ETH-USD) network have become a thorn in the side of users and investors. High transaction costs and network congestion have plagued this project for some time.

Cardano (ADA)

A concept coin for Cardano (ADA). Cardano Price Predictions

Source: Shutterstock

There are certainly many investors, myself included, who have been bullish on Cardano (ADA-USD). However, there’s also a growing bear thesis on this project that investors worried about crypto performance in the near- to medium-term ought to consider.

Cardano is a blockchain platform that is built on a PoS consensus protocol known as Ouroboros, which validates transactions without considerable energy costs. This is a good thing for long-term investors.

However, many forecasts for this token are down, due to concerns around the hype tied to this network. Cardano’s relatively low total value locked (TVL) metrics compared to its competitors has many concerned. Additionally, with the upcoming Ethereum merge, some are concerned that Cardano’s previous market share gains could turn into losses.

Accordingly, at least over the near-term, this is a project that investors should keep a close eye on.

The Sandbox (SAND)

The logo for The Sandbox (SAND) on a mobile phone.

Source: Ira Lichi /

Like other metaverse-related investments which surged last year, The Sandbox (SAND-USD) saw incredible momentum through the end of 2021. However, with sentiment clearly dying off in this space, The Sandbox has become a token many think has significant downside from here.

I’ve covered the bull case on this token in the past. However, there are a number of bearish reasons why investors should avoid this project right now.

Most obviously, user metrics for The Sandbox, and other metaverse crypto projects, have plummeted from their 2021 peaks. User interest has declined as valuations of land-based NFTs and in-game tokens have dropped. Accordingly, until the next bull market, there may be waning interest in investing in blockchain-based crypto projects.

This past month saw only 700 transactions take place among 367 unique buyers. That’s a massive decline from more than 3,800 buyers and 6,700 transactions in January alone.

Dogecoin (DOGE)

A close-up shot of a Shiba Inu with a grinning face.

Source: Wollertz / Shutterstock

Dogecoin (DOGE-USD) is the “original” meme token. This status has propelled Dogecoin to a top-10 position in terms of all cryptocurrencies by market capitalization.

While impressive, this massive market cap also means there’s more downside potential, should the market for meme tokens fully correct. If the whales who hold the majority of DOGE tokens decide to sell in concert, this is a token without much downside support.

Admittedly, I’ve been surprised at how well Dogecoin has held up during this recent bout of market turmoil. The Dogecoin community is strong, led by the “Dogefather” himself, Elon Musk.

However, given the volatility we’ve seen around Musk of late, I’m not sure this is a project worth tying one’s wealth to. Especially at such an incredible valuation.

Solana (SOL)

Solana (SOL-USD) logo on phone screen stock image.

Source: sdx15 /

Now for the bear case on a project that many investors, myself included, are excited about over the long-term. This may surprise a lot of people on a list of cryptos to sell.

Solana (SOL-USD) is one of the fastest, and cheapest, blockchains out there. Additionally, in terms of developer interest and application growth, Solana is a true standout. There’s a lot to like about the trajectory of this project, aside from its declining token price.

However, a number of prominent individuals have highlighted the bear case on Solana. Justin Bons, CIO of Cyber Capital, is one such individual. The bear thesis on Solana, to put it lightly, is brutal.

This network’s outages (seven in recent months) number far more than most competing projects. The network’s validation mechanism is more centralized than competitors, leading to security risks. And much of the growth Solana has seen, according to Bons, could be a ruse, to allow insiders to sell.

For those who buy into this thesis, Solana is a token to sell, rather than buy, at least until these issues are sorted out.

Bitcoin Cash (BCH)

BitcoinCash logo

Source: Sharaf Maksumov /

Bitcoin Cash (BCH-USD) or “Bcash” is the last of my cryptos to sell. It became popular as the Bitcoin network’s first major hard fork from the Bitcoin blockchain. During this year’s market crash in May, Bitcoin Cash was one of the hardest-hit tokens among large-capitalization projects. That’s partially due to the network’s questionable value, relative to its actual real-world adoption.

Many crypto experts have expected more from Bitcoin Cash since its inception. Indeed, the idea that Bitcoin would somehow become a cryptocurrency used for payments on nearly everything has been pervasive in the crypto community. This vision has never come to fruition. However, Bitcoin Cash was launched with the intention of solving this problem.

Thus far, there’s been little adoption on this front. Accordingly, investor interest in this Bitcoin payments project has dwindled. In the absence of any meaningful catalysts on the horizon, I think this is a project to be wary of in this bear market.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.

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Tulip Protocol Officially Integrates Chainlink on Solana Mainnet




Tulip Protocol Officially Integrates Chainlink on Solana Mainnet

Today, Tulip Protocol made the announcement that they have integrated Chainlink Price Feeds in order to better secure their yield aggregating platform that is running on the Solana mainnet. The team had previously stated their intention to integrate Chainlink Price Feeds, and at this point, the connection has been completely put into action. Chainlink is the premier decentralized oracle network in the world, safeguarding tens of billions of dollars in smart contracts. It has diversified its offerings across other blockchains, notably Solana, Fantom, Polygon, BNB Chain, and others.

In a recent blog post, the team behind the Tulip Protocol explained that they had integrated Chainlink to provide users with more confidence that leveraged positions will be liquidated equitably using extremely accurate price data and that the protocol will continue to be completely collateralized at all times.

According to Tomasz Wojewoda, Head of Global Sales at Chainlink Labs:

“We’re pleased that Tulip Protocol has integrated Chainlink Price Feeds on Solana, helping secure its yield aggregation protocol with highly robust, decentralized market data. With the high-throughput performance of Solana and the strong security guarantees of the Chainlink Network, Tulip Protocol is able to empower users with a performant and secure platform.”

Tulip Protocol Seeks To Take Advantage Of Solana

Tulip Protocol brings together lenders who receive a return on their deposits and borrowers who are interested in gaining access to leverage. Users who initiate leverage positions are responsible for maintaining a loan-to-value (LTV) ratio that has been previously established. The Tulip Protocol then uses the asset price data that is provided by Chainlink Price Feeds to verify that this ratio is accurate. If the value of the collateral falls below the threshold that was established by the protocol, then their position will be immediately liquidated to assist in guaranteeing that the lenders will be repaid.

Tulip Protocol intends to capitalize on Solana by giving users the ability to more regularly reinvest their income and grow their assets without having to pay exorbitant amounts of gas expenses. Chainlink oracles can now be natively integrated on Solana, making it possible for Solana-based applications to benefit from enhanced levels of security and transparency. Yesterday, OpenOcean made the announcement that they would be integrating Chainlink Price Feeds in order to help secure the limited order functionality on many chains. These chains include Avalanche, Ethereum, Polygon, Fantom, and BNB Chain.

According to Senx, Co-Founder of Tulip Protocol:

 “We’re excited to be using Chainlink Price Feeds on Solana to help secure our yield aggregation platform. By leveraging the most secure and reliable on-chain data available, we’re able to provide our lenders and borrowers with greater assurances that liquidations are based on accurate price data, and the protocol will maintain a healthy loan-to-value ratio through all market conditions.” 

Allowing Stakers To Benefit From Higher APYs

Natives of the blockchain as well as newcomers to the technology are beginning to understand that decentralization does not necessarily equate to a secure platform. Given that Web3 services are currently disclosing their susceptibilities to attacks from both within and outside the network, further initiatives should be undertaken to improve the safety of user assets. Fortunately, a growing number of blockchain businesses are beginning to add various levels of security to their services in order to solidify the trust of their existing customers and attract additional investors in the near and distant future.

Tulip Protocol is the very first yield aggregation platform to be built on Solana, and it features auto-compounding vault techniques. The dApp was developed to make use of Solana’s blockchain, which has a low cost and high efficiency, hence enabling the vault techniques to compound frequently. Stakeholders are able to reap the benefits of greater APYs as a result, without the need for active management.

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Is your SOL safe? What we know about the Solana hack




On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the latest updates concerning the recent Solana (SOL) hack.

To kick things off, we broke down the latest news in the markets this week:

Bitcoin realized price bands form key resistance as bulls lose $24K, significant whale activity between $22,000 and $24,800 adds to the complexity of the current spot market setup. Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. When will we finally break out of this price range and make the move towards $30K?

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report, “Greater clarity” around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report. Is the ETH merge finally around the corner and will it bring new all time highs to ETH or has the price already been factored into the current price?

Circle freezes blacklisted Tornado Cash smart contract addresses, Crypto data aggregator Dune Analytics said that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons (SDN) list. Could this mark the end for Tornado Cash or is there a way they can redeem themselves?

Next up is a new segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: Have some funds ready to buy further downturns.

Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. The experts also go over some markets news to bring you up to date on the latest regarding the top two cryptocurrencies.

After Marcel’s market analysis, our resident experts discuss whether your SOL is safe and the latest updates on the Solana hack. We also discuss why the network has been victim to so many hacks and downtimes. What exactly do these exploits mean for the Solana platform and if you should be worried.

Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Radicle’s RAD and DigiByte’s DGB.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a 1 month free subscription to markets Pro worth $100!

The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those like and subscribe buttons for all our future videos and updates.

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Web3-Based ZepetoX to Build on Solana




Web3-Based ZepetoX to Build on Solana

Singapore, Singapore , Aug. 09, 2022 (GLOBE NEWSWIRE) — Today, the ZepetoX team (ZTX, announced its foray into the web3 space, sharing its vision to build an open world that empowers creators and communities to build, play and earn.

ZepetoX is the crypto metaverse initiative jointly incubated by ZEPETO – Asia’s largest metaverse platform with over 320 million registered users – alongside leading global blockchain organizations including Jump Crypto.

As the sole blockchain project comprehensively backed by ZEPETO, ZepetoX will have exclusive ties to ZEPETO in terms of IP including technological, design, and content assets as well as bridges to facilitate user onboarding between the two platforms. ZepetoX’s blockchain development efforts will be advised by Jump.

“ZepetoX is our official venture into the blockchain industry. We feel that web3 opportunities should be advanced through a crypto-native approach, which is why we are excited to have Jump as a contributor to developing a new platform that would have exclusive connections to ZEPETO. Overall, we believe that ZepetoX can build the ideal web3 platform to not only bring blockchain to our existing users but also to expand our footprint in the blockchain space through various disruptive initiatives,” said Daewook Kim, CEO of Naver Z – the operating entity of ZEPETO.

“We are excited to support ZepetoX’s efforts aimed at onboarding new audiences into the rapidly growing crypto space. ZEPETO’s expertise and technological know-hows accumulated over the past years from building an immersive social platform will serve as a springboard for ZepetoX,” said Saurabh Sharma, Partner at Jump Crypto.

Building on the Solana network, ZepetoX will offer a web-based 3D open world with varying levels of gamification integrated as well as opportunities for users to monetize via ownership of digital assets and social interaction. Ultimately, ZepetoX aims to empower self-expression through customizable avatars and lands that can be equipped with NFTs from a rich collection of assets created by diverse creators, DAOs, or communities.

“I am thrilled to see IP powerhouses like ZepetoX choosing to build their metaverse on Solana,” said Anatoly Yakovenko, Co-Founder of Solana. “Projects like ZepetoX create new pathways for onboarding millions of users to web3.”

“Our global team brings a depth of crypto native experiences and our goal is to build on the foundation of ZEPETO to spearhead the adoption of blockchain among metaverse users, developers, and creators,” said co-CEO of ZepetoX, Chris Chang.

In the coming months, ZepetoX will launch its first land sale. The lands will be tradable on the ZepetoX marketplace, which will feature a variety of different NFTs as the open world project evolves. Further details on the sale will be available on the ZepetoX website in the coming weeks.

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About ZepetoX: ZepetoX (ZTX) is a web3 company building an immersive content-driven platform for users to create, trade digital assets and enjoy social interaction. Founded in 2022, ZepetoX is the blockchain initiative of ZEPETO, widely regarded as the largest Asia-based metaverse platform boasting over 320 million lifetime users with over 2.5 billion virtual fashion items sold.



News Via KISS PR Crypto Press Release Distribution Media Contact

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