Bittime - The crypto worldis preparing for a surge in tokens that will be released into the market next April. According to data from the TokenUnlocks platform , 17 crypto projects plan to unlock tokens with a value of more than 10 million US dollars each. The total unlock value is estimated at more than 1.38 billion US dollars.
Complete Schedule for 17 Token Unlocks
Based on the schedule published by TokenUnlocks https://token.unlocks.app/, the unlock process will take place throughout April, from the 1st to the 30th. Not all days will record unlock activity, but some days there will be more than one project unlocking. token.
Renowned crypto journalist, Colin Wu, detailed 17 crypto tokens that will experience a massive unlock in April. Most of them, namely DYDX , ZETA , SUI , GAL , APT , CYBER , and STRK , are scheduled to unlock in the first half of April. Meanwhile, ARB , APE , AXS , IMX , PIXEL , ID , YGG , AGIX , OP , and PRIME will follow suit and implement their unlock programs between April 16 and 30.
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Aptos Unlocks Tokens with the Largest Value
According to TokenUnlocks data, the token unlock with the greatest value will be carried out by Aptos. This blockchain project plans to release 24.84 million APT tokens worth 409.89 million US dollars on April 12 2024. This amount represents 6.25% of the total supply of APT tokens circulating in the crypto ecosystem.
Even though APT holds the record for the largest unlock value, the DYDX token will actually experience the largest increase in the percentage of supply released to the market. DYDX, the native token of the decentralized exchange (DEX), will unlock 33.33 million tokens worth 113.33 million US dollars. This means 11.35% of the total supply of DYDX will enter the crypto market.
The token unlock wave will start on April 1 with DYDX and ZETA. The unlock program will then be closed by PRIME on April 30. PRIME, the official digital currency of Prime Worldwide, plans to release 1.66 million tokens worth 36.23 million US dollars, representing 4.44% of its total supply.
The release of a large number of tokens into the market can certainly affect the price of crypto assets. Investors are advised to pay close attention to this information and conduct research before making an investment decision.
Impact of Unlock Tokens and Strategies for Dealing with It
A large token release, such as will occur in April, could impact crypto asset price fluctuations. Let's discuss the potential impacts and strategies investors can implement to deal with them:
Potential Impact of Unlock Tokens
1. Selling Pressure and Price Volatility
When a large number of new tokens enter the market, it can increase selling pressure and potentially cause a price drop. The price volatility of the crypto that will be unlocked may increase, making price movements more difficult to predict.
2. Attractive Buying Opportunities
On the other hand, unlocking tokens can also be an opportunity for investors to get tokens at a lower price, especially if the project's fundamentals are strong and have good long-term prospects.
3. The Importance of Research and Analysis
Before investing in a crypto project that will unlock tokens, it is important to conduct in-depth research and analysis. Learn the fundamentals of the project, including their future development plans, and how they will manage potential selling pressure from unlocking tokens.
Strategy for facing the April Unlock Saga
With so many tokens set to be released into the market in April, investors need to have a strategy to deal with this “April Unlock Saga”. Here are some tips to consider:
1. Fundamental Research and Analysis
Don't just focus on the number of tokens you will unlock. Conduct in-depth research into the fundamentals of the project, including the development team, the technology they are bringing, and their future development plans. Projects with strong fundamentals have a better chance of absorbing the selling pressure arising from unlocking tokens.
2. Pay attention to the unlock schedule
Learn the token unlock schedules of various projects. This will help you identify periods where the crypto market has the potential to experience greater price fluctuations. You can adjust your trading or investment strategy based on this schedule.
3. Investment diversification
Don't focus on just one project. Spread your investment across various crypto projects that have good prospects. This will help reduce the risk of loss if the price of a particular token drops due to token unlocking.
4. Risk Management is Important
Set a stop-loss order to limit potential losses if the token price drops drastically. In addition, do not invest funds that exceed your financial capabilities.
5. Don't FOMO
Euphoria and fear of missing out (FOMO) can make investors make impulsive decisions. Keep calm, stick to your investment plan, and don't be swayed by short-term price fluctuations.
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Conclusion
April Unlock Saga may trigger price fluctuations in the crypto market. However, this can also be used as an attractive investment opportunity. With the right strategy, careful research and good risk management, you can navigate this “April Unlock Saga” and make a profit.
April is predicted to be a month full of token unlock activity. Investors need to be aware of the potential impact on crypto prices, but can also use it as an attractive investment opportunity. With the right strategy, careful research, and good risk management, investors can weather this “April Unlock Saga” and make a profit.
How to Buy Starknet (STRK) on Bittime
You can buy and sell Starknet (STRK) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Starknet (STRK) is available on Bittime with the market pair STRK/IDR . To be able to buy STRK IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Starknet (STRK) on Bittime .
Monitor the price chart movements of Starknet (STRK) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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