Bittime - The prices of several crypto assets such as AEVO, ARB, and RNDR are under intense scrutiny. This is because investors are waiting for the "token unlock" schedule which will increase the number of tokens circulating on the market. As a result, the token value can be diluted (decreased).
Let's take a look at some of the cryptocurrencies that will experience a "token unlock" in the near future.
THE AGE
The new token plummeted to its lowest price of around $1.13. This decrease is more than 9% in the last 24 hours.
Arbitrage (ARB)
The ARB token is currently trading at around $0.97, down more than 12% in the past week. This price is approaching the lowest level since December last year.
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Render Token (RNDR)
Likewise with Render (RNDR), this crypto asset also experienced a decline. However, the price drop was the lowest of the two previous tokens. The price dropped to $10.5, down just 3.5% in the last 24 hours.
Meanwhile, in the last week, this token actually rose 4.6%. This increase was driven by high demand for assets related to artificial intelligence (AI).
Also read: The Future of Spatial Computing, Rendering (RNDR), and XR
AEVO, ARB, and RNDR are in the spotlight
The three cryptocurrencies above will be in the spotlight this week because investors are worried about the "token unlock" that will occur. A “token unlock” is an event where more new tokens are released into the market. This can cause a decrease in the value of the token because the number in circulation becomes more.
According to data from TokenUnlocks, AEVO will release more than 827,000 tokens on May 15. This number is quite large considering that the total AEVO tokens currently in circulation are only around 110 million.
Also Read How To Buy Crypto:
The same thing will happen to Arbitrum, the largest Layer-2 network currently. They will do a "token unlock" on May 16 with the number of tokens released reaching 92.6 million. This number is also quite large considering that the total Arbitrum tokens currently in circulation are more than 2.6 billion.
Render, a platform that provides decentralized GPUs, will conduct a “token unlock” on Friday with the number of tokens released being around 8.4 million, or the equivalent of 0.20% of their total supply.
Also read: Arbitrum (ARB) Predictions According to Crypto Academy: Will ARB Continue to Soar?
Apart from the cryptos above, several other networks that will experience "token unlock" in the near future are Aptos (APT), Pendle, ApeCoin, Manta, and Oasis Network.
BitBot Token Sales Increase
Amid investors' concerns about "token unlock", sales of BitBot tokens, a new blockchain platform, are currently busy.
Based on information on their website, BitBot has managed to raise more than $3.3 million from global investors. This figure makes BitBot one of the most popular tokens today. The BitBot token sale has now entered its 13th stage and will soon end in its 15th stage.
BitBot aspires to be the leading platform in the world of crypto trading. They offer a Telegram bot that can help millions of people make money from daily trading crypto assets.
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There are three main reasons why BitBot is unique. First, apart from using technical analysis, BitBot also has advanced artificial intelligence features which are believed to increase accuracy.
Second, BitBot is non-custodial, meaning they do not have access to user data and funds. Third, BitBot is supported by the crypto token $BITBOT, which will have features such as profit sharing and governance.
Dear Beli Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on 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 Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
How Will Arbitrum Change Ethereum L2 and ARB Prices?
RNDR Token Price Increases, This is the Cause!
DISCLAIMER: This article is informational in nature and is not an offer or invitation 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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