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10x Research: Nearly $2 billion in token unlocking in the next ten weeks may reduce altcoin market expectations

10x Research: Nearly $2 billion in token unlocking in the next ten weeks may reduce altcoin market expectations

Bitget2024/05/08 10:24

Golden Finance reported that 10x Research said on the X platform that the current cryptocurrency bull market cycle may be shorter than previous cycles and is unlikely to climax in a broad altcoin rally. Despite daily trading volumes of more than $100 billion and rapid development and updates of cryptocurrency projects, the industry's growth potential is still greatly limited; real-time on-chain analysis keeps cryptocurrency traders engaged, in contrast to traditional stock investors waiting for quarterly earnings. However, the challenges facing the cryptocurrency market may limit the breadth and duration of the bull market. In the next ten weeks, nearly $2 billion in token unlocking will continue, which may reduce the market price of altcoins.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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