{"id":294531,"date":"2024-05-03T00:24:31","date_gmt":"2024-05-02T18:54:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/3-trending-crypto-to-sell-this-may-crypto-news\/"},"modified":"2024-05-03T00:24:38","modified_gmt":"2024-05-02T18:54:38","slug":"3-trending-crypto-to-sell-this-may-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/3-trending-crypto-to-sell-this-may-crypto-news\/","title":{"rendered":"3 Trending Crypto To Sell This May – Crypto News"},"content":{"rendered":"

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Investors continue to rebalance their portfolios, with some targeting crypto to sell in May, especially after the bleeding witnessed this week. Bitcoin extended the correction to $56,500 on Wednesday amid the FOMC meeting<\/span><\/a>, which left interest rates unchanged. With inflation stubbornly rising in the US and across major economies, a narrow focus to crypto investing could ensure profitable portfolios in the long run.<\/p>\n

Coins Topping The Crypto To Sell List In May<\/h2>\n

Bitcoin rallied to a new historical high of $73,837 in March, bolstered by exposure to new Bitcoin ETFs<\/span><\/a>. Although altcoins generally rallied in tandem, with some achieving record levels, experts believe the altcoin season<\/span><\/a> is yet to come.<\/p>\n

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The other key factor to consider is Bitcoin halving<\/span><\/a>, whose third cycle occurred on April 20. As extensively discussed by CoinGape<\/span><\/a> analysts, the halving\u2019s impact on BTC price and the crypto market would be immense.<\/p>\n

However, due to the gradual potential reduction in supply and the subsequent increase in demand, a parabolic rally would grace the market mirroring the bull runs of 2017 and 2021.<\/p>\n

As has been the norm, an increase in Bitcoin price<\/span> causes a positive correlation to altcoin prices. Therefore, if an investor identifies the right altcoins to include in their portfolio, they could reap immense gains during the bull market.<\/p>\n

That said, some of the crypto to sell from the portfolio in May are Shiba Inu (SHIB), Solana (SOL), and Ordinals. Various factors have been considered to come up with this list. However, it is essential to do your own research (DYOR) before taking any steps.<\/p>\n

Also consider the altcoins to buy<\/span><\/a> lists, which have been curated to benefit crypto portfolios in 2024.<\/p>\n

1. Shiba Inu (SHIB)<\/h2>\n

Over the past week,\u00a0SHIB,<\/a>\u00a0the second leading meme coin\u00a0currency has shown little movement, aligning with a broader downturn in the market. This phase of stagnation is crucial for the cryptocurrency as it generally encourages accumulation among investors. Overall, the market has seen a 9% drop, leading to significant losses for many digital currencies.<\/p>\n

The meme coin\u00a0Shiba Inu<\/a>\u00a0is currently facing a pivotal resistance level at $0.00002315. Breaking through this barrier could see its value rise to $0.000025. Such a move might set the stage for reaching the $0.0001 threshold.<\/p>\n