Analysts Announced: After Halving, These Altcoins Can Be Sold!

The highly anticipated fourth Bitcoin halving event took place last Friday, but unlike the previous halving, there was no dramatic price increase or collapse in the cryptocurrency market. Global market capitalization stood at $2.32 trillion, a modest decline of 1.37%, and trade volume declined by 36% to $72.64 billion, reflecting a sluggish market. Some analysts predict a potential bull move by the end of the year, while others warn that it could face significant price drops for some altcoins in the coming days due to the aftershocks of the halving. This article looks at four altcoin that investors can consider selling before experiencing further fall.

Wormhole ranks first among altcoins

Analyst Pooja Khardia thinks that some altcoins should be sold before it's too late after the Bitcoin halving. In the first place among them is Wormhole. Wormhole, an interoperability platform that facilitates the seamless transfer of tokens between different blockchains, has been on a non-stop fall trend for the past two weeks. In just 15 days, it has lost a staggering 57.38% of its value and is currently trading at $0.5879. Its market capitalization fell to $1.05 billion, reflecting investors' hesitation. The daily trading volume also dropped to $137 million, a significant decrease of 17.13%.

What's next for Starknet and Worldcoin?

On the other hand, according to the analyst, Starknet, a decentralized ZK-Rollup that aims to scale the Ethereum network, did not perform better. Token is currently trading at $1.33, a stunning drop of 41.34% in just one month. It even fell to an all-time low of $1.15 during this period. This fall trend is not a new phenomenon; STRK's price has been struggling to recover since its launch, likely due to a lack of strong community support and unfavorable market conditions. Its market cap currently stands at $884 million, with a daily trading volume of $92 million, indicating that investor interest is waning.

Furthermore, according to the analyst, Worldcoin, which was launched by prominent tech figure Sam Altman, is experiencing a slow fall at a time when many believe that artificial intelligence tokens will dominate the crypto market. Token has lost a significant 37% of its value in the past month and is currently trading at $5.02. Its market cap is $958 million, with a daily trading volume of $268 million.

Worldcoin experienced a price surge in late February, coinciding with the launch of OpenAI's SORA, but this momentum proved to be short-lived. The general rise market conditions at the time likely helped the token rise. However, due to its recent poor performance, it appears that Worldcoin has not been able to capitalize on the initial hype surrounding AI in the crypto space.

The last altcoin on the analyst's list is Conflux. Conflux (CFX) has also exhibited significant volatility in recent days. It is currently trading at $0.2399 and has experienced a fall of about 36% over the past month. The token's value has been steadily declining since the end of March, and there are no signs of a comeback. Daily trading volume also fell to just $52 million, a reflection of reduced investor activity.

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