The post Experts Warn: Steer Clear of AXS Coin and These 6 Altcoins! appeared on BitcoinEthereumNews.com.

Crypto markets are on the brink of substantial changes due to upcoming major token releases. Experts warn that these releases could lead to price drops, particularly for certain altcoins. Crema Finance, Arweave, Immutable X, and Mina Protocol are among the tokens to watch. Discover how imminent token unlocks may impact the crypto market, potentially affecting altcoin valuations significantly. Upcoming Token Unlocks and Their Market Impact The crypto market is gearing up for a pivotal period marked by significant token unlocks that could influence altcoin prices. Token unlocks refer to the release of previously locked tokens into the market, which can increase supply and potentially drive down prices. In the upcoming week, we can anticipate unlocks for tokens such as Crema Finance (CRV), Arweave (AR), Immutable X (IMX), and Mina Protocol (MINA), as these releases generate concern among investors. Crema Finance (CRV) and Its Potential Price Impact Crema Finance is set to release 10 million CRV tokens, valued at approximately $50 million on October 16th. This quantity represents about 5% of the circulating supply. Currently priced at $5.00, CRV could see substantial price corrections as market supply increases. Historically, token unlocks of this magnitude have led to notable price drops, and experts predict a similar outcome for CRV. Arweave (AR): An Analysis Arweave will release 2.5 million AR tokens on October 15th, which amounts to approximately $37.5 million. This represents 4% of the current circulating supply. With AR’s current price hovering around $15.00, the influx of new tokens could exert downward pressure on its market valuation. Market analysts suggest investors should brace for potential volatility post-unlock. Immutable X (IMX) and Supply Dynamics Immutable X plans to unlock 20 million IMX tokens, worth about $25 million, on October 17th. This release accounts for 3% of the circulating supply. As IMX trades at…

---

Filed under: News - @ July 14, 2024 11:20 am