3 Altcoins To Sell If Ethereum Hits $5,000 Post ETF
1. XRP (XRP)XRP, the native coin of the XRP Ledger, is designed to facilitate fast and cost-effective cross-border payments for financial institutions. Despite recent bullish activity, including a major purchase of 38 million XRP ($20 million) by a whale, the ongoing Ripple-SEC lawsuit and its resolution might not be enough to sustain its price against the rising Ethereum. The XRP price is currently around $0.5457, having increased by 25.7% over the last week, but the uncertainty surrounding its legal battles makes it a risky hold.
2. MAGA (TRUMP)TRUMP is the native token of the MAGA community, tied to former President Donald Trump's political ambitions and associated charitable causes. Although the price surged from $6.34 to $8.03 following recent political events, its value is highly volatile and subject to political uncertainties. Whales, such as the Gigantic Rebirth (GCR) wallet holding over 936,000 TRUMP tokens, have seen significant profits. However, the speculative nature of this token, coupled with its dependence on political developments, makes it a prudent sell in favor of more stable assets like Ethereum.
3. Chainlink (LINK)
Chainlink's oracle network plays a crucial role in DeFi and blockchain interoperability, with its Cross-Chain Interoperability Protocol (CCIP) enabling secure data transmission between different blockchain networks. Despite recent bullish signals, including a whale accumulating 12.75 million LINK ($167 million) across 93 wallets, the current price of $14.10 and the potential for bearish market conditions suggest it might be wise to sell LINK. The price prediction indicates strong support around $12.8, but selling before any downturn allows for re-entry at a more favorable price.