These 5 altcoins may see short-term declines continue.......

Despite Bitcoin (BTC) pricing in positive territory, the declines of some altcoins are puzzling. Despite Bitcoin trading above $63,500, the declines of altcoins have not gone unnoticed. While most of the altcoin market is in an uptrend, the selling pressure on these projects has naturally triggered panic. So what are these altcoins?

1- Ivy (HBAR)

HBAR has launched upward attacks from time to time, but this time it disappointed investors. HBAR has fallen 10.50% in the past 24 hours and topped the list. If Bitcoin reverses direction, the parity, which is dominated by sell-side transactions, may face a sharp decline.

2- Conflux (CFX)

CFX, known as the Pearl of Asia, has recently broken out. This popular altcoin was supported by news of an ETF from Asia, but later lost momentum. It ranks third and has fallen 8% in the past 24 hours.

3-Optimism (OP)

OP is a popular altcoin in the Layer-2 category, which has lost 9% of its value in the past 24 hours, ranking second on the list. Compared with other Layer 2 projects, OP faces greater selling pressure, which naturally makes its ecosystem and investors nervous.

4-Wormhole (W)

The airdrop conducted a few days ago has caused a reaction, and W continues to face selling pressure. W has fallen 7% in the past 24 hours and ranks fourth. Factors such as the fall of the Solana ecosystem or BTC remaining below $63,000 may push W further lower.

5-Floki (Floki)

FLOKI, one of the leading dog meme coins, has attracted attention for its decline in a short period of time. This popular coin has lost 6% of its value in the past 24 hours, which sends a negative signal for the trend of memecoin. If other memecoins fall, FLOKI's sales may increase.

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