Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Nearly $2 billion in token unlocking in the next ten weeks may reduce altcoin market expectations

CointimeCointime2024/05/08 10:55
By:Cointime

10x Research stated on X platform that the current cryptocurrency bull market cycle may be shorter than previous cycles and is unlikely to reach its climax during a widespread rebound in altcoins, despite daily trading volumes exceeding $100 billion and cryptocurrency projects rapidly developing and updating. However, the growth potential of the industry is still greatly limited; real-time on-chain analysis keeps cryptocurrency traders engaged, contrasting with traditional stock investors who wait for quarterly returns. Nevertheless, challenges facing the cryptocurrency market may limit the breadth and duration of the bull market. In the next ten weeks, nearly $2 billion worth of tokens will be unlocked in succession, which may lower the market price of altcoins.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!

You may also like

US spot Bitcoin ETFs log highest inflow day since June, two-month high in total value

Following a seven trading day streak of inflows and bolstered by the rising price of Bitcoin, the total assets held by US-based spot Bitcoin ETFs has reached a two-month high.Friday also marked the largest inflows to the funds since early June, a nearly four-month high.

The Block2024/09/28 18:33