5 Cryptocurrencies To Sell Before Bitcoin Halving Event

Before Bitcoin’s halving wipes out all of the profit, you should remove these five coins from your cryptocurrency portfolios.

 

The half of the Bitcoin price is quickly approaching, and the state of the cryptocurrency market hasn’t changed much since the crash. The trading volume is limited to $89.18 billion, the lowest since February, while the global market valuation has dropped to $2.29 trillion.

 

That kind of situation is actual terror. After the Bitcoin halving is finished, which cryptocurrency will rise in value and which one will decline?

 

 

In this blog, we will look at five cryptocurrencies to sell before they are halved in order to take advantage of the upcoming market.

 

 

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It can be difficult to choose the most lucrative options among the millions of cryptocurrencies. However, you can choose which ones to dump based on their long-term performance and the most recent Bitcoin halving effect.

 

 

 

PEPE

 

 

The price of PEPE has soared 9145.22% throughout its whole voyage, thanks to the enthusiasm surrounding it. However, that is likely to come to a stop with the Bitcoin halving event.

 

An immediate upswing to $0.00000378 was caused by the meteoric rise in popularity of PEPE upon its inception. The meme coin, however, was destroyed after a month and did not survive.

 

 

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Mantle (MNT)

 

With its launch in August 2023, MNT is a relative newcomer to the cryptocurrency industry. But even with that, MNT rose to its highest value of $1.51 on April 8th.

 

The cryptocurrency is now in a bear market, with a 12% value loss in the past week and a price of $1.16.

 

The analysts are predicting that the altcoins would feel the negative effects of the Bitcoin halving event in the next days and months, and that MNT’s value could decline as a result.

 

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Render (RNDR)

 

There has been a steady fall in the price of render tokens, with a 30% loss in the past month alone. From its all-time high of $13.60 just over a month ago, the token’s value has fallen 45 percent, to $7.90 today. The token’s value has been steadily declining since its greatest value—which is nearly twice the previous all-time high—was achieved.

 

The market is currently experiencing a pullback due to the volatility difficulties caused by the impending Bitcoin halving. It is quite probable that RNDR will not be able to maintain its current values for much longer and will enter a bear market, causing a total loss of these months’ profits.

 

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BONK

 

With its price falling 43% in a month, BONK has nearly vanished from the cryptocurrency market due to its persistently bad performance.

 

The value has dropped 69.02% from its all-time high of $0.00001504 in a very short time, yet it is still not at its lowest point. Since BONK is a meme coin with a low value, its trend appears to be coming to an end. Accordingly, following this halving correction pressure, the coin’s price can keep dropping. The current price is $0.0000145 as of this writing.

 

 

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SKALE (SKL)

 

The price of SKL has been greatly impacted recently, with constant ups and downs in the graphs resulting in an 18% drop in just one week. Despite the overall optimistic trend in cryptocurrency prices, the SKL price has remained relatively flat throughout the past few months.

 

When it soared to $1.22 in 2021, it garnered a lot of attention. Its present worth is 92% lower than that.

 

The price of SKL was reasonable until May of 2022, when it hit rock bottom. To everyone’s surprise, it has remained motionless in that zone ever since.

 

 

 

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Conclusion

 

What effect the Bitcoin halving will have on other altcoins is anybody’s guess. It’s true that it will contribute to a rise in Bitcoin’s demand. The short-term impact is uncertain, but the long-term impact will be positive for the cryptocurrency industry. In the face of such unpredictability and market volatility, investors might resort to their chosen investment techniques.

 

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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.