There are too many cryptocurrencies in the world. CoinMarketCap values over 8,000 coins and tokens, and thousands more are too small or not worth considering. Each of these cryptocurrencies has its own unique use case and significant trader base. And as investors prepare for the crypto winter, many are looking for which cryptocurrencies to sell to mitigate the damage, – reported by BitGlobalOne.
The market is ripe for a correction. The Federal Reserve plans to accelerate its contraction, which will generally make investors more risk averse in their investments. China continues to tightly regulate digital assets, and India is cutting back on digital currency through proposed legislation, while the US is targeting regulations.
This fear is exacerbated by today’s fall in cryptocurrency prices. Just a month after hitting an all-time high, Bitcoin fell more than $ 20,000.
Not every cryptocurrency will go through a significant market downturn, and which cryptocurrencies to sell?
If you want to lose fat before tough times, take a look at Internet Computer (CCC: ICP-USD), Sushi Exchange (CCC: SUSHI-USD) and SafeMoon (CCC: SAFEMOON-USD).