3 Heavily Liquidated Altcoins To Sell Now
Unveil insights on Ethereum, Solana, and Binance Coin, which are prime altcoins to sell following significant liquidations and a bearish market trend in the first week of July.
The recent trading day witnessed significant losses for traders, with 59,370 of them facing liquidations, accounting for a cumulative loss of $170.64 million. Ethereum, Solana, and Binance Coin, the altcoins to sell, have experienced considerable market corrections. The largest single liquidation order happened on OKX—ETH-USD-SWAP, valued at $4.00M. These cryptocurrencies show signs of a downturn, indicating potential risks for investors.
1. Altcoins To Sell – Ethereum ($ETH )
Ethereum (ETH), a key player in the Proof-of-Stake blockchain arena, stands out with its smart contract technology. This allows it to serve as more than just a digital currency platform, unlike Bitcoin and Solana, which primarily focus on payments.
Ether is essential for the network’s operations. It fuels transactions and rewards nodes that execute complex computations, underlining the platform’s emphasis on practical applications.
There has been a noticeable increase in activity around.
Solana (SOL), a leading blockchain network, continues to capture attention with its high-speed transaction capabilities and robust platform. This Layer 1 technology has gathered a vast community, reflected in its thriving ecosystem and the surge of developers building decentralized applications. The platform’s innovative features have significantly enhanced investor confidence.
3. Binance Coin ($BNB )
Binance Coin (BNB) serves as a pivotal asset within the Binance ecosystem, functioning on both the Binance Chain (BEP-2) and the Binance Smart Chain (BEP-20).
Binance Coin has recently shown a downward trend in its price. It has fallen below the $580 resistance level, currently trading at $557. This represents a more than 3% drop in its price. Over the past week, it has decreased by 3% and 10% over the month.
