Altcoins to Sell Amid Dwindling Stablecoins Volume
A recent report shows stablecoins volume fell by 18% in June to a seven-month low of $970 million. This decline could indicate trouble in the crypto market, prompting investors to consider selling certain altcoins.
1. Slerf (SLERF)
Slerf, a meme coin on Solana, surged after a token burn incident. However, it dropped 86% from its peak of $1.3 to $0.186. Despite its liquidity, SLERF risks falling further if it dips below current support levels.
2. Arbitrum (ARB)
Arbitrum has been fluctuating between $0.6825 and $0.733, down from its all-time high of $2.40. Its Total Value Locked (TVL) is $2.829 billion. If bearish trends persist, ARB could drop to $0.67. Conversely, improved sentiment might push it above $0.70, potentially reaching $1.
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