3 Cryptocurrencies to Sell No Matter What Happens In The Second Quarter
- These cryptos to sell offer minimal real-world use cases and are the riskiest investments in the crypto space.
- Floki Inu ( FLOKI-USD ): meme token with minimal utility
- BitTorrent ( USD-BTT ) – namesake cryptocurrency of one of the internet world’s most notorious platforms, limiting adoption
- Ripple ( USD-XRP ) – Slow mover with a relatively unappealing growth track
The cryptocurrency market matured during the pandemic and became millionaires with simple changes. However, the market yields have been hit recently, and investors are worried about the future. However, one thing is certain. That is, not all digital investments are cut with the same cloth. Many codes to sell may have been investable in the past.
Cryptocurrencies went mainstream in the year of the pandemic and put heaps of smart money in place to move the needle in the industry. However, as acceptance has increased, the correlation of digital currencies in traditional investment markets such as stocks has grown exponentially. Many believe that risk diversification benefits for digital currencies are rapidly disappearing.
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Cryptos to sell: Floki Inu (FLOKI-USD)
An image of a corgi wearing a horned Viking helmet above the text says Floki Inu on a black background.
Floki Inu ( FLOKI-USD ), named after Tesla CEO Elon Musk’s dog, was one of the most popular meme cryptos last year. Since then, it has jumped over 8,000% in value since its launch but has lost over 90% of its price this year alone. The Floki Inu website shows that its development team is proud of its meme-token status. They believe that widespread adoption is linked to ” harnessing the power of memes .”
It hardly offers use cases for its investors. It supports a “play to win” metaverse game called Valhalla. Additionally, there are plans to build a non-fungible tokens ( NFTs ) market. Additionally, it has some decentralized finance deals that could be used as collateral.
A BitTorrent (BTT) crypto token on a purple cloth background.
You probably know BitTorrent ( USD-BTT ) as one of the leading Peer-to-Peer (P2P) file-sharing platforms. He made famous Torrents, a notorious online sharing method linked to the spread of pirated content. These days, the platform is renowned for offering BTT-USD, a cryptocurrency for faster file sharing.
Tron, one of the most popular blockchain-based operating systems, is behind the development of BitTorrent. It has been looking to build a niche-based utility for crypto to gain traction with deep-pocketed investors. A few months ago, his development team announced that it was working on a cross-chain protocol called BitTorrent Chain (BTTC). BTTC is likely to facilitate transactions on multiple major crypto networks.
Cryptos to sell: Ripple (XRP-USD)
Ripple ( USD-XRP ) is one of the few significant cryptocurrencies that could not function online with its peers during the pandemic years. It was mainly due to its legal dispute with the US Securities and Exchange Commission (SEC), which had a chilling effect on the price of XRP-USD. Although developments have mostly favoured Ripple, there is a lot of uncertainty surrounding it as a long-term bet.
RippleNet, a leading global payment platform, often confused with XRP. RippleNet has gained incredible traction in recent years and used XRP in bridge coins for its On-Demand Liquidity Offering. He is not obligated to use crypto but hopes to increase adoption.