Bitcoin Surges Past $67K Amid Market Rebound and Upcoming Altcoin Unlocks
- The cryptocurrency market experienced a significant recovery last week, with Bitcoin surpassing the $67,000 mark as the probability of Donald Trump being re-elected as the U.S. President increased.
- This week will see numerous major token unlocks across various altcoins.
- Below is the specially curated token unlock schedule prepared for you by CoinOtag.
Stay ahead in the cryptocurrency market with our detailed token unlock calendar, providing key insights and schedules to keep you informed.
Major Token Unlocks This Week
The upcoming week in the cryptocurrency market is poised for several noteworthy events, especially concerning the unlocking of major altcoins. Each of these events can significantly impact the market’s dynamics, offering both opportunities and risks for investors and traders.
Safe (SAFE) Token Unlock
On July 22, 2024, at 09:00 (UTC+3), 50.63 million SAFE tokens, representing 8.96% of the market cap valued at $564.92 million, will be unlocked. Investors should closely monitor this event as it can influence the liquidity and price movement of SAFE.
Other Notable Unlocks on July 22, 2024
AltLayer (ALT) will see 1.03 million tokens unlocked at 09:00, constituting 0.60% of its $172.15 million market cap. Additionally, Space ID (ID) will unlock 8.94 million tokens at 23:00, affecting 2.87% of its $310.67 million market cap. These unlocks could lead to increased trading volumes and potential price fluctuations.
Impacts of Unlocks on Subsequent Days
The subsequent days will witness further significant token unlocks. Notable mentions include Bonfida (FIDA) on July 23 at 03:00, with 5.36 million tokens being released, and Coin98 (C98) at 19:00, unlocking 2.89 million tokens. Chainflip (FLIP) also follows suit with its unlock scheduled for 21:00.
Spotlight on Worldcoin (WLD) and Ribbon Finance (RBN)
July 24 is crucial as Worldcoin (WLD) will unlock 8.86 million tokens at 03:00, representing 3.07% of its $287.85 million market cap, followed by Ribbon Finance (RBN) releasing 5.65 million tokens at the same time. These events are likely to influence respective market valuations and investor sentiment.
Overview of Remaining Unlocks for the Week
The latter part of the week includes important unlocks such as Mask Network (MASK) on July 24 at 11:00, and H2O Dao (H2O) on July 25 at 03:00. The trend continues with Pintu Token (PTU), GateToken (GT), and several others, culminating with Open Campus (EDU) on July 28 at 18:00.
Conclusion
The series of token unlocks scheduled for this week are set to bring substantial activity to the cryptocurrency market. Investors and traders should remain vigilant, leveraging this information to make informed decisions. Keeping track of these events can help anticipate market movements and optimize trading strategies.
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