The crypto market continues to experience turbulence following January’s crash. While some altcoins show resilience, others are struggling to maintain momentum. According to crypto analyst Pooja Khardia, investors should consider selling PNUT Coin and four other underperforming altcoins before further losses occur.
5 Altcoins to Sell Right Now
Market data from analytics platform Santiment reveals that while buying pressure is increasing, several cryptocurrencies are showing significant weakness. Here are the five tokens analysts suggest selling:
Peanut the Squirrel (PNUT Coin)
PNUT Coin gained viral traction in 2024 due to a controversial story about a euthanized squirrel named Peanut. The token quickly became popular, but with no substantial growth factors, it has been on a steep decline, losing 90% of its value from its peak. With no catalysts in sight, experts believe holding PNUT Coin could result in further losses.
Official Trump (TRUMP)
The TRUMP meme coin saw a major surge after being associated with former U.S. President Donald Trump. However, the hype has faded, causing a 70% drop in two weeks. Critics argue that Trump’s unpredictable connection to volatile assets could lead to further price instability, making TRUMP a risky investment.
Jelly My Jelly (JellyJelly)
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Venmo’s founder launched JellyJelly, which initially gained attention. However, a Santiment report suggests that the token lacks strong fundamentals and may have been a pump-and-dump scheme. As its price continues to decline, JellyJelly is increasingly being viewed as a failing asset.
Charles (CHARLES)
The CHARLES token attempted to capitalize on Cardano (ADA) founder Charles Hoskinson’s name by sending 90% of its supply to him. However, Hoskinson rejected the token and burned all the ADA meme coins, leading to a significant price crash. Analysts expect CHARLES to continue its downward trajectory.
X Empire (X)
X Empire, a Telegram-based mini-game token, has been struggling since launch. With no new updates or ecosystem growth, the token has lost over 85% of its value. Without further developments, its price is likely to keep declining.
Should Investors Be Concerned?
While the crypto market remains highly volatile, understanding which assets are worth holding is crucial. Experts suggest that investors stay cautious and conduct their own research before making any decisions.
Disclaimer: This article presents expert opinions and does not constitute financial advice. The Bit Journal recommends performing thorough research before investing in cryptocurrencies.
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
