Consider Selling These Cryptocurrencies Before The Bitcoin Halving Event.

Upbit is set to halt the deposit and withdrawal of cryptocurrencies exceeding 1 million Won as the Bitcoin halving approaches, with the crypto market showing little improvement since its decline.

The global market cap has dwindled to $2.29 trillion, while trading volume is at a low of $89.18 billion, marking its poorest performance since February.

Amid this atmosphere of uncertainty, speculation is rife regarding which cryptocurrencies will experience a resurgence and which ones will lose value post the Bitcoin halving event.

Identifying potential winners and losers requires considering their historical performances and how they've fared in previous Bitcoin halving cycles.

Five Cryptocurrencies To Sell

PEPE

Once a subject of considerable hype, PEPE has seen its price soar by 9145.22% over time, but indications suggest this may be coming to an end with the upcoming Bitcoin halving.

While PEPE initially surged to $0.00000378 upon its launch, it quickly plummeted thereafter. Despite recent price growth, reaching highs compared to a year ago, PEPE's downward trajectory has been evident since the start of the month, with a 30.05% decline bringing its price down to $0.000005223.

Mantle (MNT)

Relatively new to the crypto market since August 2023, reached a peak of $1.51 on April 8th but has since entered a downtrend, shedding 12% of its value within a week and now trading at $1.16.

Analysts anticipate negative impacts on altcoins following the Bitcoin halving, suggesting MNT may depreciate over time.

BONK

Its performance has been consistently poor, with a 43% drop in price over the past month. Though not at its lowest point, its value has receded by 69.02% from its all-time high of $0.00001504.

With its low value and status as a meme coin, the outlook appears bleak for BONK, likely continuing its decline amid halving-induced correction pressure, currently priced at $0.0000145.

Render (RNDR) 

Render has witnessed a steady decline, with prices dropping by over 30% in a month to $7.90, down 45% from its recent high of $13.60.

This significant surge was short-lived, and RNDR has since been on a downward trajectory, exacerbated by Bitcoin halving-induced market volatility. There's a risk RNDR may not sustain its gains and slip into a bearish phase.

SKALE (SKL) 

It has experienced substantial fluctuations recently, with prices fluctuating by 18% within a week. Despite gaining attention in 2021 with a high of $1.22, its current value is 92% lower. Since May 2022, SKL has remained stagnant, failing to regain its former position.

In conclusion, while the impact of the Bitcoin halving on altcoins remains uncertain, it is expected to drive demand for Bitcoin and potentially lift the overall crypto market in the long term.

However, investors should be prepared for market volatility and uncertainty, adapting their investment strategies accordingly.