Three popular and highly capitalized cryptocurrencies have registered increased sell-offs this week, raising an alert to the cryptocurrency market. These selling activities can bring volatility as market participants speculate on increased supply pressure’s effects on price, increasing the risks.
The whole landscape has suffered from significant crashes, and most projects have accumulated two-digit losses month-to-date. Overall, more than $304 billion has left the market this month since a $2.6 trillion peak on June 5.
Crypto Total Market Cap, $, daily chart. Source: TradingView
In this context, the following three cryptocurrencies currently present a higher risk than most projects, considering they rank among the most valuable tokens in the space and, yet, have seen an astounding sell-off activity.
Avoid XRP amid Ripple’s largest monthly sell-off to date
First, the XRP Ledger (XRP) native token is a $27.10 billion market cap asset, ranked seventh. Ripple, the company
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