Avoid a crypto disaster: 3 tokens that could crash if the digital assets crash

Despite Bitcoins (BTC USD) fourth halving and potential ether (ETH-USD) ETF approval, discussions about selling cryptos escalated. Bitcoin’s modest 15% post-halving surge poses a challenge to reach Samson Mow’s $1 million goal. Market analysts note that the halving brings pressure on miners as rewards are slashed, leading to sell-offs and downward pressure on BTC.

May brought relief to crypto investors as the market recovered. Bitcoin stayed above $57,000 and reached $70,000. Altcoins and meme coins rose alongside high fear and greed index values. Amid the excitement, investors risk overlooking potential losses.

Previous bull runs show coins losing value due to market trends, project issues, or tokenomics flaws. Investors must not only trust the promises of overbought coins and risk everything for big profits.

Pepe (PEPE-USD)

Pepe (PEPE-USD), inspired by the Pepe the Frog meme, has embraced its meme coin identity and derived value from its active community. The goal was to use the meme’s popularity to increase platform engagement. PEPE saw a rapid rise in value, bringing quick profits to speculators. However, enthusiasm waned due to insider trading allegations and security concerns.

It was created last year and remained a low-cost token with modest trading volumes until December. Demand surged at the end of 2023, the price rose from $0.01 to $0.15 and reached a trading value of $6.5 million. In April, it peaked at $7.51 and reached a market cap of over $0.5 billion, exemplifying the growth of meme coins.

A major incident involved fraudulent developers stealing $15 million. Additionally, newly added meme coins somewhat blur Pepe’s long-term appeal, suggesting a cautious stance.

Shiba Inu (SHIB-USD)

In 2020, the dog-themed coin was introduced Shiba Inu (SHIB USD) Voted Dogecoin (DOGE-USD) in social engagement. It also outperformed its competitor with a 31,000,000% increase from the low. In comparison, Dogecoin rose by 4,989%. However, the importance of SHIB could be dwindling.

The price of Shiba Inu faced potential declines, raising concerns about the token. However, there were lower support levels that provided some relief. Falling volume suggested that falling price could be less damaging. SHIB struggled to stay above $0.00002476 ($0.00002476) and tested the lower boundaries, suggesting a possible further decline if support levels fail. The descending triangle pattern on the chart also suggested a continued downtrend.

In March, during a surge in meme coins, SHIB was up just 250% from January, while newer coins were similar Floki (FLOKI-USD) And Dog woman (WIF-USD) seen Profits of over 700% or 3,000%. Despite its success so far, SHIB’s future looks bleak, making it a meme coin to avoid.

Fetch.ai (FET-USD)

Fetch.ai (FET USD) offers industrial-level AI solutions in collaboration with Blockchain Bosch and Munich for production and smart city infrastructure. Autonomous agents leverage machine learning to enable applications in recruiting, supply chain and commerce. FET token enables operations.

Fetch.ai’s developments continue to progress positively. FET is planning a merger with SingularityNET And Ocean Protocol, Formation of an artificial superintelligence alliance. ASI launches in mid-June and enables FET conversion. There are concerns about Fetch.ai’s lack of profits, prompting some investors to switch. BeInCrypto predicts a decline in FET price if investor exodus continues.

At the time of publication, Chris MacDonald did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.