Altcoins to Sell This Week: Cronos (CRO), Aave (AAVE), and Injective (INJ)

The current market conditions indicate a decline across several altcoins. Notably, Cronos, Aave, and Injective have shown significant bearish trends

Investors looking to sell altcoins may find this an opportune time, as the market hints at continued volatility. Several altcoins have shown strong bearish trends, following a broader market correction.

Cronos (CRO), Aave (AAVE), and Injective (INJ) are among the altcoins experiencing significant declines.

Cronos (CRO) is the primary cryptocurrency of the decentralized Cronos Chain built by Crypto.com. At the time of writing, CRO is priced at $0.08491, indicating a 4% decline over the last 24 hours.

The token has fallen by 7% in the past month and 5% over the previous week. These statistics position CRO among the top altcoins to sell this week.

This decline is closely tied to falling on-chain metrics like daily active addresses, transaction count, and network growth. These metrics have shown a downward trajectory over the past few months.

Although transaction volume has seen occasional spikes, the overall weakening in user engagement is evident. The slowing network expansion indicates a lack of sustained interest in the Cronos ecosystem.

Aave (AAVE), a prominent decentralized finance protocol, is currently priced at $127.10, reflecting a 4% drop in the last 24 hours. Ranked 47th on CoinMarketCap, Aave has a market capitalization of $1.89 billion.

Over the past week, Aave’s price has decreased by 1%, suggesting it may be a candidate for selling in the altcoin market.

The recent movements in the MVRV (Market Value to Realized Value) ratios over both 30-day and 365-day periods reflect an increased vulnerability.

The MVRV ratio, particularly in the 365-day range, has remained negative, indicating that long-term holders are currently at a loss, a typical sign of a prolonged bearish phase.

As the altcoin continues to hover within a critical zone, the lack of positive momentum suggests further declines could be on the horizon. The recent drop in the 30-day MVRV ratio further reinforces this sentiment. Despite a brief recovery, it remains precarious, potentially leading to increased selling pressure.

Injective (INJ), a layer 1 blockchain specifically tailored for finance, is experiencing a significant market downturn. The INJ price is currently trading at $20.38, reflecting a 6% decline in value.

Over the past month, the token has dipped by 21%, marking a noticeable downtrend. This significant drop has led to Injective becoming one of the trending altcoins to sell this week.

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