• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Market Volatility Expected with $48.5 Million in Token Unlocks

user avatar

by Giorgi Kostiuk

a year ago

  1. Token Unlock Highlights
  2. VENOM Price Analysis
  3. Other Key Tokens


    4. The week of September 23rd to 29th, 2024, will be significant for the cryptocurrency market as $48.53 million worth of tokens are set to be unlocked, according to Token Unlocks data. These events are anticipated to impact market dynamics for several key tokens, including VENOM, YGG, AGIX, FET, ENA, and GAL.

    Token Unlock Highlights

    Token unlocks have the potential to create market volatility as new supply affects supply and demand dynamics. The major unlocks for this week include:

    - VENOM (12.67%) – $25.11m - YGG (3.69%) – $6.57m - AGIX (1.62%) – $5.73m - FET (0.14%) – $5.61m - ENA (0.78%) – $3.80m - GAL (0.33%) – $0.98m

    VENOM Price Analysis

    VENOM leads the list with a substantial 12.67% share, unlocking $25.11 million worth of tokens. With the current price of $0.1068, a 1.31% increase, VENOM shows bullish signs. The upcoming unlock may test critical support and resistance levels, which are crucial for future price movement.

    Other Key Tokens

    AGIX’s volume surge of 316% indicates strong market interest amid bullish price trends. Meanwhile, YGG shows mixed signals, with key resistance at $0.47 potentially limiting further gains. Other tokens like FET, ENA, and GAL may also experience significant price fluctuations due to the unlocks.

    The unlocking of over $48 million worth of tokens can significantly affect market dynamics in the upcoming week. Investors and analysts are keenly watching the developments, anticipating potential price and volatility shifts.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Polygon's Open Money Stack Set to Transform Cross-Border Payments

chest

Polygon Labs has launched the Open Money Stack to reshape cross-border payments by bridging the gap between fiat and onchain settlements.

user avatarJacob Williams

Market Dynamics Shift Post-Crash

chest

Market dynamics have shifted post-crash, with trading volume moving towards on-chain exchanges as trust in traditional platforms diminishes.

user avatarKaterina Papadopoulou

Funding Rate Trade Weakness Exposed by Crypto Crash

chest

The recent crypto crash revealed vulnerabilities in the funding rate trade, which had become overcrowded prior to the market downturn.

user avatarTomas Novak

Sei Network Suffers 240K Flash Loan Attack Resulting in 196M WSEI Loss

chest

A flash loan attack on the Sei Network resulted in the loss of 196 million WSEI due to an accidental transfer that funded the exploit.

user avatarMaya Lundqvist

Nexo Introduces Gamechanging Zerointerest Credit for Crypto Holders

chest

Nexo has launched its Zerointerest Credit, a borrowing product with 0% interest, allowing Bitcoin and Ethereum holders to access liquidity without selling their assets.

user avatarLi Weicheng

Market Psychology and Risks of Euphoria in Crypto

chest

JD warns about the psychological risks associated with aggressive rallies in the crypto market, highlighting the tendency for sharp corrections following euphoric conditions.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.