APT, 1NCH, APE, FLOW, CYBER Set to Undergo New Token Unlocks
- APT’s price may drop below $8 but if bulls defend $7.58, the token may recover.
- APE’s move in the $2 direction may be short-lived while 1INCH’s potential nosedive may be minimal.
- The unlock could trigger FLOW’s decrease below $0.80, and CYBER’s sideways movement may eventually turn bearish.
A lot of projects plan to unlock new tokens between 11 and 17 December, according to data from Token Unlocks. Some of the major ones of this lot include Aptos (APT), 1inch Network (1INCH), ApeCoin (APE), Flow (FLOW), and CyberConnect (CYBER).
Token unlocks refer to the scheduled release of previously restricted tokens into the market. Most times, the tokens are reserved for investors, stakeholders, or developers of a project. Also, the scheduled release of these cryptocurrencies ensures that the market supply is balanced with demand for the tokens.
However, since unlocks cause an increase in supply, it usually leads to price decline. Therefore, market players may need to monitor what happens with the aforementioned tokens this week before taking a position.
Aptos (APT)
For Aptos, it plans to release 8.90% of its supply on December 12. At market valu…
The post APT, 1NCH, APE, FLOW, CYBER Set to Undergo New Token Unlocks appeared first on Coin Edition.
Read More
APT, 1NCH, APE, FLOW, CYBER Set to Undergo New Token Unlocks
- APT’s price may drop below $8 but if bulls defend $7.58, the token may recover.
- APE’s move in the $2 direction may be short-lived while 1INCH’s potential nosedive may be minimal.
- The unlock could trigger FLOW’s decrease below $0.80, and CYBER’s sideways movement may eventually turn bearish.
A lot of projects plan to unlock new tokens between 11 and 17 December, according to data from Token Unlocks. Some of the major ones of this lot include Aptos (APT), 1inch Network (1INCH), ApeCoin (APE), Flow (FLOW), and CyberConnect (CYBER).
Token unlocks refer to the scheduled release of previously restricted tokens into the market. Most times, the tokens are reserved for investors, stakeholders, or developers of a project. Also, the scheduled release of these cryptocurrencies ensures that the market supply is balanced with demand for the tokens.
However, since unlocks cause an increase in supply, it usually leads to price decline. Therefore, market players may need to monitor what happens with the aforementioned tokens this week before taking a position.
Aptos (APT)
For Aptos, it plans to release 8.90% of its supply on December 12. At market valu…
The post APT, 1NCH, APE, FLOW, CYBER Set to Undergo New Token Unlocks appeared first on Coin Edition.
Read More