1. Bitget Token (BGB)
Bitget Token (BGB) is the utility token for the Bitget crypto exchange. It allows users to:
- Pay for services.
- Stake for rewards.
- Participate in social trading.
- Enjoy transaction fee discounts.
- Engage with Bitget’s launchpad and launchpool initiatives.
Recent Performance and Concerns
Bitget employs a quarterly token burn strategy to maintain a deflationary supply. However, after a brief surge, BGB’s price has dropped to $7.54, marking a 10% decrease in the last 24 hours. This declining trend raises concerns that BGB may face further losses in the coming months, making it one of the altcoins to consider selling now.
Key Updates from the #BGB Whitepaper:
- 🔥 Deflationary model through token buybacks and burns.
- 🚀 Expanding use cases for both on-chain and off-chain applications.
- 💳 Integration with PayFi services for payments using BGB.
2. Helium (HNT)
Helium (HNT) powers a decentralized blockchain network designed for Internet of Things (IoT) devices. Launched in July 2019, Helium enables low-powered devices to connect and share data using its network of nodes.
Recent Performance and Concerns
Currently priced at $6.46, Helium has seen a 7% drop in the last 24 hours and a 10% decline over the past week. If this downward trend continues, HNT could fall to $4, making it a risky investment for January 2025. This performance positions Helium as another altcoin worth offloading to mitigate potential losses.
3. FTX Token (FTT)
FTX Token (FTT) is the native token of the FTX cryptocurrency exchange. Despite being a prominent player in the crypto space, FTX filed for Chapter 11 bankruptcy on November 11, 2022. This ongoing legal turmoil has significantly impacted the token’s value and stability.
Recent Performance and Concerns
FTT’s price has dropped to $3.26, reflecting a 6.33% decrease over the past 24 hours. Its declining trajectory and the unresolved status of FTX’s legal issues make this token highly volatile and risky, prompting investors to consider selling it.
Conclusion
The crypto market’s current volatility demands caution. Selling altcoins like Bitget Token (BGB), Helium (HNT), and FTX Token (FTT) could help prevent further losses. Monitoring market trends and reassessing your portfolio regularly is essential to navigating this challenging phase in the cryptocurrency industry.
Protect your investments by acting decisively today!
