The altcoins are on a constant decline as investors jump to sell their tokens. The crypto market still struggles to recover from the trade war. More importantly, the fear is building as Donald Trump has increased the tariff on China to 125%. In contrast, China has implemented an 85% tariff on US imports, intensifying the US-China trade war situation. In this turmoil, the cryptos could face further uncertainty and even collapse.
Top 4 Altcoins to Sell Amid US-China Trade War
The US-China tariff trade war has become one of the most bearish factors for the crypto market. All the digital assets, including Bitcoin, are struggling with extreme whale movements and downtrends. More importantly, the recovery is vague, so consider FTX Token (FTT), Toncoin (TON), Shiba Inu, Pi Coin, and a few other altcoins to sell.
1. FTX Token (FTT)
FTT faced a massive downtrend with the collapse of the FTX exchange. More importantly, its recovery from the drop is still vague, with the prime being 98.93% away from current levels. Now, the risk is building as Binance’s ‘vote to delist’ includes this struggling altcoin. If that happens, the token may face a further downtrend.
2. Toncoin (TON)
In early 2024, TON was among the best-performing cryptos, but that changed with the regulatory issues with Telegram and Pavel Durov. As a result, it crashed and has been under consolidation ever since, making it among the top choices for altcoins to sell.
3. Shiba Inu (SHIB)
Shiba Inu is known as the second biggest and top meme coin but is under scrutiny due to the declining demand for these meme-themed cryptos. Experts believe that these cryptos may never make a complete recovery from their drops as they lack utility and trend and face high competition.
At present, the SHIB price is on the recovery trail but may crash amid the US-China trade war, making it the right time to sell along with other struggling cryptos.
4. Pi Coin (PI)
Pi Coin is often a topic of discussion, as the crypto community is split between calling it the scam coin and the profitable coin. Since its launch, it has witnessed a significant uptrend, gaining investors’ attention, but the downfalls were also persistent. With regulatory concerns and Binance’s pending listing, its credibility is low.
Bottom Line
The recent crypto market crash has been in constant turmoil for weeks, losing billions in liquidations. Many digital assets have lost all the gains they made during the Trump presidency-influenced bull run, and if the US-China trade war continues, the loss can extend. As a result, investors must consider struggling altcoins like FTT, Shiba Inu, and others to sell.
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