The current bull cycle of the crypto market may be shorter than previous ones and is unlikely to end with a big altcoin rally.
As 10x Research analysts reported, venture crypto funds, which will concentrate a significant share of coins in the future, maybe to blame.
āDespite the high daily trading volumes of over $100 billion and the rapid development and updates in crypto projects, significant constraints exist on theĀ industryāsĀ growth potential.ā
10x Research analysts
According to analysts, large volumes of nearly $2 billion in token unlocks over the next 10 weeks couldĀ negatively impactĀ altcoins.
TokenUnlocks data shows that the largest upcoming unlock will occur on May 15 from layer 2 crypto derivatives platform Aevo. The developers will release 828.93 million AEVO, equaling roughly $1.17 billion. Of the total supply of 1 billion coins,Ā 18.5% will be sentĀ to private investors.
A smaller unlock of $39.78 million in WLD tokens from SamĀ AltmanāsĀ Worldcoin projectĀ is scheduledĀ for July 24.Ā ThisĀ will be 0.05% of the total supply of tokens or 2.4% of the current number of coins in circulation.
On May 12, Aptos will unlock 11.31 million APT, valued at $101.67 million, approximately 2.6% of the circulating supply.
In April, experts at 10x Research warnedĀ that the market was reaching a critical inflection point that could result in aĀ majorĀ correction. The company calledĀ āunexpected and persistentāĀ inflation the main trigger.
With fewer than three cuts forecast in the bond market and the 10-year Treasury yield above 4.5%, risk assetsĀ will likelyĀ see a price reset.
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