Ethereum

Arbitrum

Aptos

The post <a href="https://coinpedia.org/news/list-of-top-three-altcoins-to-avoid-this-season/">List Of Top Three Altcoins To Avoid This Season</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The altcoin market has been experiencing turmoil, with major altcoins recording declines. According to <a href="https://www.youtube.com/watch?v=u66JVOI7jDA&amp;pp=ygUMYWx0Y29pbiBidXp6" target="_blank" rel="noreferrer noopener nofollow">analyst Altcoin Buzz</a>, there is a possibility they may continue to drop. This is due to over 40 projects in the crypto space scheduled to release more than $750 million worth of tokens. This large influx of tokens could lead to considerable sell-offs. Here’s a list of altcoins to steer clear of.&nbsp; 
<h3 class="wp-block-heading" id="h-aptos-apt">Aptos (APT)</h3> 
The first scheduled unlock is from Aptos, a recurring project. It is a layer-one blockchain designed for scalability, reliability, and security. Aptos aims to provide faster transaction speeds and lower costs, making it suitable for various decentralized applications. 
On July 12th, they plan to unlock 11.31 million <a href="https://markets.coinpedia.org/aptos/" target="_blank" rel="noreferrer noopener">APT tokens</a> worth $77 million, constituting 2.59% of the project’s circulating supply. These tokens are allocated to its foundation, community, core contributors, and investors. The three-month chart shows a drop in price, from around $14 to below $6. This recent&nbsp; unlock could continue to put downward pressure on the price. 
Arbitrum (ARB) 
Next on the list is <a href="https://markets.coinpedia.org/arbitrum/" target="_blank" rel="noreferrer noopener">Arbitrum</a>,&nbsp; a layer-two scaling solution for Ethereum designed to improve transaction speeds and reduce costs. Arbitrum uses optimistic rollups to enhance Ethereum’s efficiency and scalability. 
In May, Arbitrum released $95 million, followed by $105 million in June. On July 16th, they plan to release another $75 million in tokens for its team, advisors, and investors. Since March, the price of ARB has dropped significantly, from an all-time high of $2.27 to around $0.63.&nbsp; 
<h3 class="wp-block-heading" id="h-altlayer-alt">AltLayer (ALT)</h3> 
Lastly, the decentralized protocol AltLayer is set to unlock 684 million ALT tokens worth about $125 million on July 25th. These tokens are allocated to its team, investors, advisors, protocol development, treasury, ecosystem, and community. The price of ALT has dropped significantly, and the upcoming unlock is likely to add more downward pressure. 
Read Also : <a href="https://coinpedia.org/news/crypto-news-today-bitcoin-rebounds-to-57k-is-the-german-govt-btc-sell-off-finally-over/" target="_blank" rel="noreferrer noopener">Crypto News Today: Bitcoin Rebound is Coming! Key Levels to Watch</a>

List Of Top Three Altcoins To Avoid This Season

Table of Contents

CoinPedia News

Autres articles publiés le 9 juil. 2024

Argentina Embraces Cryptocurrency as Inflation Soars

Paxful Co-Founder Artur Schaback Admits to AML Failures, Faces Up to 5 Years in Prison and $5M Fine

97% of Arbitrum Holders in Loss: Is Arbitrum’s Future Dark?

FIFA Champion Lionel Messi Promotes Solana-Based WaterCoin Leading to 360% WATER Price Surge

Satoshi-Era Wallets Keep Returning from Dormancy, and It's Highly Unusual

Kwenta Receives Proposals to Integrate GMX and Gains Network into Perpetuals Marketplace (9 Jul)

Join our free newsletter for daily crypto updates!