3 Cryptos To Sell Now Before They Crash

By
Last Updated November 10th 2022
5 Min Read

3 Cryptos To Sell Now Before They Crash - Our Picks 

We have scouted the market and found that these 3 cryptos are a sell now before they crash. Find a detailed review on why these coins are a sell in the coming section.

Shiba Inu - The meme coin hype is settling down, and SHIB could be a sell now. 

ApeCoin - The price of APE signals a major downturn. 

The Sandbox - This could be one of the cryptos to sell now before it crashes. 

 

A Closer Look At The 3 Cryptos To Sell Now Before They Crash

Several altcoins and meme coins are struggling to retain their prices after the prolonged crypto winter. Adding to this, the Federal Reserve is making things worse with upcoming regulations and quantitative easing strategy, which disincentivizes the speculative investing that allowed the crypto sphere to grow over the years. On top of that, the rising interest rates have increased concerns about a potential recession in the coming year. These changes and regulations could hurt the entire crypto investment industry. 

Although few potential cryptocurrencies are a strong bet for future returns, some of them are rip-offs of other projects, purely speculative tokens, or have tight competition within the sector. To give investor’s the best chance of success it is important to know when to sell a crypto, along with buying. So, to help you out here’s the list of the 3 cryptos to sell now before they crash. 

Shiba Inu (SHIB)

Shiba Inu was one of the top meme coins that soared to new levels of popularity in 2021. The crypto created an entire fanbase, known as the Shib Army, that fueled its popularity across social media platforms. Several investors hopped on the bandwagon and multiplied their returns within a short period. 

But now, as the meme coin frenzy has completely turned off and hype around the coin is slowing down, SHIB is trying hard to fix its grounds in the market. The crypto declined around 35% so far this year, followed by the steeper 76% decline that started in October 2021. With the enthusiasm cooling down, the reasons for selling Shiba Inu are increasing. Also, as per reports, there is a significant decrease in Shiba Inu’s adoption over the years, which might cause another bearish scenario for the token. 

However, the developers of the crypto, earlier in 2022, announced the Shiberse, a metaverse designed for the Shiba Inu community, tokens, and games, all under one umbrella. Also, speculations circulate that it could include virtual land and various NFTs, which create more value for the Shiba Inu tokens as they would be used for processing translations. 

Therefore, SHIB is merely a token based on speculation and could face a major crash if developments do not go as planned. Although community support could push Shiba Inu above the current level, keeping a long-term bet for this crypto player would be highly risky, making SHIB a sell now before it crashes. 

trade shiba inu

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

ApeCoin (APE)

Often NFTs are praised for creating a space that lets artists away from the trap of the capitalistic art industry by being their own middleman. Collections like BAYC (Bored Ape Yacht Club) have been capitalizing on this hype. These could only last as long as the hype and popularity do and do not have strong long-term potential. 

This is not good news for cryptos like Apecoin, which is a cryptocurrency made by BAYC enthusiasts solely to power the BAYC ecosystem. APE enjoyed a massive rally during its release in March 2022, hitting an all-time high of $39.40 the same month. But since April, the price of APE has been plunging, affected by the larger crypto market crash. 

Some experts believe that the price of APE would not sustain much longer, and the BAYC sales are a key indicator of this. There are more reasons why Apecoin is one of the cryptos to sell now before they crash. ApeCoin’s future is also correlated with that of Yuga Labs, the company where APE is used as the primary settlement for its products and services. The decline of sales in Yuga Labs could affect the price of APE, making it a speculative and risky bet for the long term.

trade apecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Sandbox (SAND)

The Sandbox has always remained a leader in the world of blockchain-based metaverse games. It embraces a unique idea far beyond mere decentralization of gaming on the blockchain. The platform aims to revolutionize the idea of building a complete and total gaming universe on the Ethereum blockchain.

But SAND is one of the cryptos to sell before they crash because reports have shown that actual user metrics are quite weak across the board right now. Like other high-growth cryptos, the price of SAND has also tumbled down. With the rate of adoption, Sandbox is experiencing today, the token would drop much further in the future. 

There are also several economic restrictions surrounding the SAND token. The crypto is neither a full-fledged cryptocurrency nor a digital asset. It merely exists to link together multiple elements of The Sandbox ecosystem and to play games on the platform. It thus carries a value only slightly greater than that of an in-game token. On top of that, The Sandbox has a highly limited target audience that focuses on game developers or gamers, limiting its expansion. 

SAND might be a sell now as it’s a very young project, and the full implementation of the project's roadmap is not planned until 2023.

trade sandbox

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline 

Cryptocurrency investments could be a wild ride, and the road ahead is paved with uncertainties. As potential investors, you should be well aware of the market position of each coin, and know which cryptos to sell before they crash.

Read More:

How To Trade Shiba Inu (SHIB)

How To Trade ApeCoin

Best GameFi Cryptocurrencies To Buy

Next Cryptocurrency To Explode

Fastest Growing Cryptocurrencies

12 Best Low-Cap Cryptocurrencies To Invest In

Top 10 Most Promising Cryptocurrencies

Best Altcoins To Buy

Best Cryptocurrency To Trade Right Now

Top Cryptocurrencies To Invest In

Best Cryptocurrencies To Buy In 2023

Most Sustainable Cryptocurrency To Invest In