Starknet

Axie Infinity

Optimism

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoins-confront-supply-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoins Confront Supply Surge</a><br></p>
<p style="text-align: justify">Annual inflation poses a substantial issue for the performance of altcoin prices, a reality well-known to many cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. For instance, despite <a href="https://en.bitcoinhaber.net/exploring-xrp-coins-price-trajectory-as-bitcoin-holds-below-66000" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Coin achieving a record market cap in 2021, its rapid supply increase meant its unit price would be around $1.35. Similarly, altcoins like AVAX face significant hurdles due to double-digit inflation rates. This article delves into which altcoins will soon unlock tokens and how these releases could affect their market positions.</p>
<h2 id="what-will-happen-with-optimism-op-token">What Will Happen with Optimism (OP) Token?</h2>
<p style="text-align: justify">As trading volumes diminish, the price impact of altcoin token unlocks grows, potentially leading to increased sales. Investors wary of further Bitcoin drops may trigger sales at current prices. However, in bullish scenarios, token releases can positively influence prices in the medium term. For Optimism (OP), 10 million tokens will be unlocked on July 15, adding to the current circulating supply of 1.12 billion OP Coins. These new tokens are intended for project rewards to further <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">ecosystem</a> development and may be sold.</p>
<h2 id="how-will-starknet-strk-and-arbitrum-arb-fare">How Will Starknet (STRK) and Arbitrum (ARB) Fare?</h2>
<p style="text-align: justify">Starknet (STRK) will release 64 million new tokens amidst its total supply of 1.3 billion on Monday, targeting early investors and project developers. On the other hand, Arbitrum (ARB), a prominent network with a circulating supply of 2.9 billion tokens, will release 92.6 million ARB Coins on Tuesday. These tokens, distributed among the team, advisors, and investors, will enter the market while the price remains near all-time low levels.</p>
<h2 id="axie-infinity-axs-and-apecoin-ape-updates">Axie Infinity (AXS) and ApeCoin (APE) Updates</h2>
<p style="text-align: justify">Amid declining interest in the metaverse and GameFi sectors, AXS Coin will release 2.45 million tokens, adding to its circulating supply of 147.8 million. This token release aims to attract more players by distributing staking rewards. Similarly, ApeCoin (APE) will unlock 15.6 million tokens on July 17, boosting its current circulating supply of 674.6 million. The increasing supply and waning interest have weakened the price.</p>
<h2 id="investment-implications">Investment Implications</h2>
<p style="text-align: justify"><b>User-usable Inferences</b></p>
<ul>
 <li>Monitor token release schedules to anticipate price movements.</li>
 <li>Evaluate the supply impacts on market value before investing.</li>
 <li>Consider the broader market trends and Bitcoin’s performance.</li>
 <li>Look for opportunities in project rewards and ecosystem developments.</li>
 <li>Stay informed about investor sentiment around major altcoins.</li>
</ul>
<p style="text-align: justify">In conclusion, the upcoming altcoin token releases present both challenges and opportunities within the cryptocurrency market. While increased supply may initially depress prices, strategic releases aimed at ecosystem development could offer medium-term benefits. Investors must stay vigilant and adapt to these dynamic factors to navigate the evolving market landscape effectively.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/altcoins-confront-supply-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoins Confront Supply Surge</a></h5>

Altcoins Confront Supply Surge

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Інші статті, опубліковані 14 лип. 2024 р.

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