Altcoins
THESE Altcoins will see a massive collapse this week – here’s why
Understanding the meaning of token unlocks is like solving a puzzle in the world of cryptocurrencies. Altcoin Buzz analyst highlights the importance of the upcoming token unlocks scheduled for May, advising investors to take note of them for effective portfolio management.
You won’t want to miss it! Read on to stay informed.
Unlock times: what you need to know
In a recent video, Altcoin Buzz highlights the often ignored but crucial aspect of token unlocking programs. These unlocks signal the release of previously locked tokens into the market, which can shake prices as interested parties decide whether to sell their tokens or hold on to them.
May Token Releases: What’s Coming
Altcoin Buzz highlights four major token unlock events set for May, focusing on projects ranked in the top 30 by market cap:
Apto: Get ready for the release of 11.31 million APT tokens, valued in millions of dollars. With a regular monthly unlock plan, previous months have seen a significant increase in token availability.
Aevo: Avo is preparing for a massive unlock of 8.13 billion tokens, worth over $1 billion, scheduled for mid-May. This version makes up a huge portion, 80%, of its total offering and could bring its price down.
PYTH Network: Competing with Chainlink in the field of oracles, PYTH Network is preparing to release 2.13 billion tokens, worth over $1 billion. Despite its potential, this big release could negatively affect its price.
Avalanche: Known for its fast and scalable blockchain, Avalanche will see the release of 9.54 million AVAX tokens. Although previous releases have not caused large price movements, this event could change market sentiment.
Understand price movements
While some projects may proceed smoothly through token unlocking, others, especially those with large releases, may face significant sell-offs, causing temporary price drops.
Understanding the impact of token releases sheds light on a crucial aspect of cryptocurrency investing. As May approaches, smart portfolio management is key.
Also check: Here are the best Altcoins ready to reach new highs during the Altcoin season!
Do you factor token unlocks into your investment strategy? Share your thoughts.