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Top 3 crypto tokens to sell to avoid long-term losses

The crypto market remained under pressure during the weekend as some investors took profits. Bitcoin has failed to jump above the key resistance at $105,000, while most altcoins have dropped by double digits from their highest levels this week. This article highlights the top 3 crypto tokens to sell to avoid long-term losses.

Top crypto tokens to sell today

Some of the top crypto tokens to sell or avoid today are Berachain (BERA), Pi Network (PI), and Official Trump (TRUMP).

Berachain is a top crypto to sell

Berachain is one of the top cryptocurrencies to sell or avoid this year as its fundamentals worsened. BERA token has already plunged from a high of $9.57 in March to $3.1 today, and this downtrend may continue. 

Data shows that the Berachain network is not doing well. Its total value locked (TVL) has plunged by 43% in the last 30 days to $3 billion, making it the eighth biggest chain in the crypto market. 

Most dApps in the ecosystem have shed assets in the past few months. Infrared Finance’s total value locked dropped by 24% in the last 30 days to $1.07 billion, while Kodiak, SatLayer, Dolomite, and Concrete have shed assets worth millions in the past 30 days.

Worse, the supply of stablecoins in the Berachain continued to fall this year. It has stablecoin market cap has dropped to $230 million, down from $1.34 billion in March.

Berachain has a maximum supply of 501 million and a circulating supply of 119.45 million, meaning holders will be highly dilutive. The dilution will start in February 6 next year when 63.75 million will be unlocked. 

Berachain stablecoin market cap | Source: DeFi Llama

Pi Network (PI) has a centralization issue

Pi Network is one of the top crypto tokens to sell to avoid long-term losses. The coin crashed by over 80% from its highest level in February. It dropped by over 60% from its highest point last week. 

Pi Network has more downsides to overcome in the coming months because of its centralization issues. The obscure Pi Foundation is responsible for the network and holds over 72 billion unlocked tokens. 

Therefore, there is a risk that something like a hack can happen, leading to more downside in the long term.