Home > web3.0 > Altcoins Face an Early Crypto Winter, Mainly Due to the Large Token Unlocks in 2024

Altcoins Face an Early Crypto Winter, Mainly Due to the Large Token Unlocks in 2024

王林
Release: 2024-06-27 09:55:32
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AccordingtotheBloomberg,early-stageprojectinvestorsseektoselltheirreceivedtokensfast,wantingtolockinshort-termprofits.

Altcoins Face an Early Crypto Winter, Mainly Due to the Large Token Unlocks in 2024

Alargevolumeoftokensisexpectedtobeunlockedin2024,puttingpressureonthealtcoinmarketandleadingtoasell-offofcryptocurrencies.Thissell-offiscontributingtothebroadercryptowinter,withthe115mostprominentaltcoinsfallinginpricebymorethan50%sincetheir2024peaks.Thesell-offofaltcoinsisoccurringdespiterelativeresilienceshownbythetwoflagshipcryptocurrencies,Bitcoin(BTC)andEthereum(ETH),whicharedown11%and13%,respectively,fromtheirpeaksthisyear.Thesell-offofaltcoinsisalsooccurringasinvestorsareshowinggrowinginterestinartificialintelligence(AI).Thisinterestisleadingtoasell-offofcryptocurrenciesandadropinprices,asinvestorsareshiftingtheirfundsfromcryptotoAI.

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source:kdj.com
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