Token

Yield Guild Games

Yield

Cartesi

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-crypto-token-unlocks-this-week-what-to-expect/" data-wpel-link="internal">Key Crypto Token Unlocks This Week: What to Expect</a><br></p>
<p style="text-align: justify">The week starting April 21 marks a period in the cryptocurrency market where three ecosystems will become prominent and witness significant unlocking transactions. Investors should be prepared for the fluctuations that typically occur on the calendar dates when token unlocks happen, and be aware that such events can often trigger price drops. Let’s take a look at the developments in the world of cryptocurrency together.</p> 
<h2 style="text-align: justify" id="be-ready-for-these-three-token-unlocks-next-week">Be Ready for These Three Token Unlocks Next Week</h2> 
<p style="text-align: justify">The unlocking of cryptocurrency tokens generally leads to a drop in asset prices. The unlocked tokens enter the market circulation, increasing the selling pressure on the asset.</p> 
<p style="text-align: justify">First up, on Monday, April 22, the Space ID ecosystem will release 18.49 million ID tokens valued at $14.16 million. These tokens will be allocated to the ecosystem fund, foundation, community airdrop, and marketing efforts.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-342589 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/token-unlock-coin-turk-com-.png" alt="" width="600" height="814"></p> 
<p style="text-align: justify">The Cartesi network will give 21.43 million CTSI tokens worth $4.36 million to its team on Tuesday, April 23. These tokens will constitute 2.73% of the network’s circulating supply. The gaming ecosystem Yield Guild Games will release 16.69 million YGG tokens valued at $14.01 million on April 27, making up 5.33% of its circulating supply.</p> 
<p style="text-align: justify">While the unlocking of cryptocurrency tokens is generally considered a catalyst for declines, cryptocurrencies that unlock more than 3% of their circulating supply typically experience a price correction.</p> 
<h2 style="text-align: justify" id="reasons-behind-token-unlock-events">Reasons Behind Token Unlock Events</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/crypto-markets-update-bitcoin-price-holds-altcoins-show-promising-gains/" data-wpel-link="internal">Cryptocurrency</a> projects have a specific roadmap from their launch. By carefully planning certain percentages of token supply, the ecosystem aims to promote long-term health while maintaining the stability of the token. <a href="https://en.coin-turk.com/analyst-predicts-rise-for-dogecoin-and-other-meme-coins/" data-wpel-link="internal">Token</a> allocation varies depending on how they are distributed. Buyers determine their positions based on their default selling appetites, which dictate whether there will be selling pressure.</p> 
<p style="text-align: justify">Investors pay attention to such events due to their potential to cause price fluctuations. Experienced investors who are aware of these developments trade around these events to make profits. Others suffer losses as part of the exit liquidity.</p> 
<p style="text-align: justify">Investors and traders should continue to monitor the effects of these unlocking transactions and develop strategies appropriate to market movements. However, there is no rule that prices will definitely fall with these token unlocks, as we are in a market where exceptions are prevalent.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/key-crypto-token-unlocks-this-week-what-to-expect/" data-wpel-link="internal">Key Crypto Token Unlocks This Week: What to Expect</a></h5>

Key Crypto Token Unlocks This Week: What to Expect

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