Crypto Catalyst Countdown: 3 tokens you can use to take profits now

Asking cryptocurrency investors to sell their positions is usually not well received. Above all, most token holders tend to have high confidence in the long-term prospects of the ecosystem in which their token resides. However, there are always moments that lead to attractive increases in value that justify the question of how many tokens to sell.

Because while it may seem attractive to hold on to a crypto project until it blossoms into something bigger, cold cash tends to deliver better results lately. Furthermore, even if a token or ecosystem is working well at the moment, it is highly likely that it will cease to exist at some point. That’s because almost two-thirds of all planned crypto projects have already died, with 72% of those that started in the 2021 bull market also having died.

We are currently back in a bull market, which means knowing when to exit in order to take profits in a timely manner is crucial. Therefore, here are three tokens that should be sold due to peak value and unsustainably fast gains.

Gigachad (GIGA-USD)

Starting with a currently pumping meme token, Gigachad (GIGA USD) has seen a generous increase in trading activity in recent days. Based on a meme from a man named Ernest KhalimovAlthough it may or may not be a real person, the meme token has attracted considerable attention since its launch on CoinGecko in January.

The GIGA project itself is community-driven and focuses on the usual holding strategy for the right time to sell. However, if you have recently bought into GIGA, you should keep a close eye on its growth as it is already in the black 23,000% in the last six months or so. Additionally, the coin is currently trading at 50% of its all-time high, meaning there is a possibility that it will retest its cap in the future.

So if you currently hold GIGA, now or in the near future could be a good time to sell to take profits and invest in a project with greater long-term stability.

Chainswap (CSWAP-USD)

Based on the concept of being able to easily switch from blockchain to blockchain for transaction flexibility, Chain exchange (CSWAP-USD) has increased its value 604% in the last four months. The aim of the project is therefore to exploit the versatility of fast exchanges between decentralized crypto exchanges. Whether or not this technological approach has great long-term potential is difficult to say, but now could certainly be a good time to exit.

The reason I recommend this is mainly because of the novelty of the project. Many retail investors may currently be flocking to the token due to marketing hype and then face a sell-off. This is because there are currently only approx 1,800 wallets Using Chainswap means that the value is not widely shared within the community.

So if the main owner decides to sell, there could be big losses for the smaller investors who have hopes for the project.

QuantCheck (QTK-USD)

Increased by 238% in just two months, QuantCheck (QTK USD) recorded a trading value of $400,488 in the last 24 hours. This represents one 70.10% Increase from June 24th, signaling a rapid increase in market interest. The token also reached an all-time high of $0.8154 on June 2 and is currently trading 28.93% lower.

The token itself exists as part of a development environment designed to backtest cryptocurrencies and their profitability patterns. Therefore, QTK relies on algorithmic success and investor interest in the project to increase its value. Its developers have published a planned roadmap by then January 2025 Highlighting some upcoming developments.

As a result, this could be one of the tokens that will be sold in a year or so once the pipeline becomes more developed and the value increases accordingly. But since the company is still so young, it’s not a bad idea to exit with a profit of 200%.

On small capitalization and low volume cryptocurrencies: InvestorPlace does not regularly publish commentary on cryptocurrencies whose market capitalization is less than $100 million or whose trading volume is less than $100,000. Because these “penny cryptos” are often a playground for fraudsters and market manipulators. If we publish a comment on a low-volume crypto that may be affected by our comment, we ask InvestorPlace.com writers to disclose this fact and warn readers of the risks.

Read more: How to avoid popular cryptocurrency scams

At the time of publication, Viktor Zarev 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, subject to those of InvestorPlace.com Publishing Guidelines.