Top Altcoins to Sell Amid Market Correction and Volatility
Solana (SOL)
Solana remains among the community favorite altcoins with a price of $143. Solana is down 1.93% in the last 24 hours and 17% this month. However, weekly flows for Solana still stand in the green zone. The fall of the asset in the last 48 hours ranks it among altcoins to sell.
Another factor against short-term SOL performance is the decline in trading volumes. Daily trading volumes are down 12.26% indicating weaker on-chain factors. Solana memecoins have also recorded a loss in momentum in the last 24 hours.
Polkadot (DOT)
Polkadot exchanges hands at $6.92, a 2% decline in the last 24 hours as sentiments plunge. DOT joins altcoins that have lost weekly gains as with recent outflows. While the community hopes it could pick up from its recent bottom, some traders have flagged it as an altcoin to sell this week. The asset posted 22% monthly outflows.
Dogecoin (DOGE)
Main memecoin Dogecoin attracted bullish momentum with some traders tipping a run to $1. However, short-term correction threatens the form of the asset as other memecoins lose steam. This week, the daily trading volumes for DOGE have dropped. The total memecoin market cap is down 2.2% to $50.7 billion.
Although these altcoins are in a decline, they have rallied this year with bulls giving projections on positive sentiments.
Subscribe to Amen Crypto newsletter for the latest altcoins updates and price predictions.
