Bitcoin and most crypto coins have plunged even after Donald Trump held his first crypto-related event in the White House and launched the strategic reserves. BTC remains below the key support at $85,000, while the crypto fear and greed index remained in the fear zone. This article looks at some of the top altcoins to sell as the index slips.
Top Altcoins To Sell As the Crypto Fear and Greed Index Falls
Some of the top altcoins to sell to avoid long-term losses are Toncoin (TON), Sui (SUI), and Cronos (CRO).
Toncoin (TON)
Toncoin price has crashed by over 67% from its highest level in 2024 to a low of $2.70, the lowest level since March last year. This crash has coincided with the ongoing weakness in the crypto industry and its weak ecosystem.
Most tokens in the TON Blockchain ecosystem, such as Hamster Kombat (HMSTR), Catizen (CATI), Notcoin (NOT), and DOGS, have plunged.
On-chain data shows that the network has continued to deteriorate. For example, as shown below, the number of transactions on the TON Blockchain has continued falling, reaching a low of 2.05 million, down from last year’s high of almost 20 million.
More data shows that the number of active wallets and the total value locked (TVL) in its DeFi ecosystem have plunged. Therefore, the Toncoin price is likely to continue falling this year.
Sui (SUI)
Sui is another altcoin to sell to avoid substantial losses. The token has dropped from the year-to-date high of $5.35 to a low of $2.3300, its lowest level since November 10. It has crashed by over 56% from its highest level this year.
The token has dropped below the 50-day and 200-day moving averages, which is about to form a death cross. A death cross is one of the most bearish patterns in the market. Most of these losses will be confirmed if it moves below the 61.8% Fibonacci Retracement point at $2.25.
Therefore, the SUI price will continue falling as sellers target the psychological point at $1, 57% below the current level.
READ MORE: World Liberty Financial Adds Sui to Strategic Token Reserve
Cronos (CRO)
Cronos, formerly known as Crypto.com Coin, has crashed 65% from its highest level in November last year. There are odds that this crash will continue, especially if the ongoing vote on creating the Cronos Strategic Reserve proceeds. If agreed, this vote will create another 70 billion CRO tokens, reversing a 2021 decision to burn them. This will, in turn, lead to more dilution of existing holders.
Voting data shows that the proponents have a 50.92% margin, although the quorum has not been reached. Therefore, if it passes, the Cronos price will likely continue crashing in the coming months.
READ MORE: Cronos Partners with Crypto.com for crypto-to-debit card transfers
Other Top Crypto Coins To Sell
Some of the other top crypto coins to sell to prevent huge losses are Filecoin, Mina, Near Protocol, and Hamster Kombat.
