Will These Top 3 Coins Crash in The Bull Market?
Most investors anticipate a massive bull market in the coming months, in which the prices of Bitcoin and other cryptocurrencies will skyrocket. However, there are some coins who may crash during this bull market. Wed like to introduce top 3 coins that could both explode and crash.
Why could certain cryptocurrencies crash?
Many cryptocurrencies have become irrelevant in recent years. Investors expected a rapid gain during a bull market, but they stayed. In the ensuing bear market, these coins vanished into obscurity.
This is more prevalent than anticipated. The top ten cryptocurrencies from ten and five years ago differ significantly from the current top ten. This implies that several valuable cryptocurrencies have faded from prominence in recent years. Many of these coins are now worth substantially less than they were five years ago.
Which top 3 coins could crash in the coming months?
Wed like to introduce the following top 3 coins, which we believe have the potential to boom but may potentially crash.
1. XRP
Ripples XRP Coin must continue to defend lawsuits against the United States Securities and Exchange Commission. The conflicts continue, and Ripple will most likely have to deal with strict regulatory restrictions. In the forthcoming bull market, an XRP gain is certainly feasible, but the possibility of a crash is unavoidable.
2. Shiba Inu (SHIB)
During the last bull market, the Shiba Inu Coin emerged as a standout performer, mirroring the success of Dogecoin. However, its meteoric rise in 2021 came with its own set of risks. As we approach the next bull market, Shiba Inu stands out as potentially the riskiest investment among the top 20 cryptocurrencies. While there is a chance that SHIB could experience a sudden and significant decline, there is also the possibility of another explosive surge, making any investment in it a high-risk endeavor.
3. Litecoin (LTC)
In recent weeks and months, Litecoin has experienced significant losses compared to its big brother Bitcoin. The narrative of Litecoin being the digital silver is gradually losing its appeal, especially considering that Bitcoin can be scaled more effectively with the Lightning network.
Additionally, the classification of Litecoin as a commodity by US authorities and the general lack of attention it receives contribute to a rather bleak outlook for its future. However, its worth noting that short- and medium-term price surges in the coming months, similar to other cryptocurrencies, cannot be completely ruled out.
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Text source: CryptoTicker
