Category Archive : News

Celestia (TIA) Leads Crypto Market With 16% Surge, Will It Hit $7?

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.

From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.

In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.

At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.

After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.

Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies ­–or her favorite memes.

In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.

She also has a passion for learning new languages and cultures, having set the goal to learn another six languages ­– currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.

In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.

Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back

Este artículo también está disponible en español.

While Helium Mobile has enjoyed phenomenal success, the network has failed to keep pace, with the general market pulling it down further and with losses being multiplied as the market drops low. According to the latest market data, HNT, the native token of the network, dropped about 15% over the last two weeks which may endanger winnings pocketed in the last month.

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However, investors and traders are banking on recent developments that might turn the tide once the market recovers from its pitfall. With these recent developments, gains might be around the horizon although investor sentiment remains shaky at best and bearish at worst. 

Helium-Ameriband Partners To Expand Helium Network 

Helium recently announced that it has partnered with Ameriband, a market leader in Wi-Fi infrastructure in the United States. According to Helium’s recent blog post, the partnership will bring 100,000+ data-only hotspots around the US, expanding the network’s coverage over the country overnight. 

“Ameriband’s vast network is deployed in well-known retail businesses, grocery chains, venues, and commercial locations across the country and will help drive usage to the Helium Network. Thanks to this partnership, anyone with a Helium Mobile phone plan will experience connectivity in even more locations than before,” stated Helium in the blog post. 

This came as a massive win for Helium as the network expansion nearly guarantees connectivity for US users. This means that Helium users who previously experienced connectivity issues will have fewer or zero problems regarding connectivity in the coming weeks and months. It also ensures that the average retail user will have exposure to the Helium network, possibly adding on the growing number of users of the platform’s mobile arm. 

HNT is currently trading at $6.45. Chart: TradingView

The carrier offload program caters to 130,274 subscribers from three different network providers with over 122 TB of data routed to the Helium network, figures that will continue to grow as the Ameriband partnership takes effect. 

Rising Correlation With The Market Leaves Gains Behind For HNT

HNT bulls are in the middle of an attempt to retest the current $6.79 resistance level. As of writing, HNT is still on the down-low with the token possibly taking another dive toward $6.23 in the coming days or weeks. 

The relative strength index (RSI), however, is hinting at a possible bullish reversal within this week or the coming week. 

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However, the rising market correlation with the broader market might endanger the token’s bullish momentum that is currently building up. With this in mind, HNT might continue to stabilize between the $6.23-$6.79 trading range in the coming days but may drive down toward $6.23 or $5.67 if the bears remain superior in the coming months. 

Featured image from Pexels, chart from TradingView



Ethereum Price Targets a Comeback: Will the Bounce Last?

Este artículo también está disponible en español.

Ethereum price extended losses and tested the $2,320 support. ETH is now correcting losses and might aim for a fresh increase above the $2,420 resistance.

  • Ethereum remained in a bearish zone and traded below the $2,360 zone.
  • The price is trading below $2,420 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $2,420 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must stay above the $2,350 support level to start decent increase in the near term.

Ethereum Price Aims Upside Break

Ethereum price failed to start a fresh increase above the $2,450 resistance zone. ETH remained in a bearish zone like Bitcoin and traded below the $2,365 support zone.

There was also a move below the $2,350 level. The price tested the $2,320 support zone. A low was formed at $2,329 and the price is now rising. There was a move above the $2,350 and $2,365 levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $2,468 swing high to the $2,329 low.

Ethereum price is now trading below $2,420 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,420 level. There is also a connecting bearish trend line forming with resistance at $2,420 on the hourly chart of ETH/USD.

The trend line is close to the 61.8% Fib retracement level of the downward wave from the $2,468 swing high to the $2,329 low. A clear move above the $2,420 resistance might send the price toward the $2,450 resistance.

Ethereum Price
Source: ETHUSD on TradingView.com

An upside break above the $2,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,500 resistance zone in the near term. The next hurdle sits near the $2,550 level or $2,560.

More Losses In ETH?

If Ethereum fails to clear the $2,420 resistance, it could start another decline. Initial support on the downside is near the $2,380 level. The first major support sits near the $2,350 zone.

A clear move below the $2,350 support might push the price toward $2,320. Any more losses might send the price toward the $2,265 support level in the near term. The next key support sits at $2,220.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,320

Major Resistance Level – $2,420

Dogecoin Could Break Yearly Highs ‘Any Moment Now’ – Crypto Analyst

Este artículo también está disponible en español.

Dogecoin is currently testing a crucial demand level after experiencing a 23% decline from its local highs of $0.13. As the meme coin navigates this turning point, the broader crypto market anticipates a potential rally in the coming weeks, driven by the Federal Reserve’s recent decision to cut interest rates.

However, October kicked off with increased selling pressure, leaving investors searching for signs of strength in Dogecoin’s price action.

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Top analyst Mister Crypto has shared a bullish outlook, stating that Dogecoin could begin its next rally “any time now.” His technical analysis highlights key support levels and suggests that the current price could be a launchpad for significant upside movement. 

Despite the recent dip, many traders remain optimistic that DOGE could soon recover and enter a new bullish phase. All eyes are now on whether Dogecoin can hold its critical demand level and break out shortly.

Dogecoin Testing Crucial Demand

Dogecoin is currently surrounded by speculation as investors and analysts offer varying opinions on its future price action. After several weeks of significant ups and downs, the meme coin has seen massive volatility, reflecting the broader market’s uncertainty. Some analysts remain optimistic about Dogecoin’s prospects, while others caution against getting too bullish too soon.

A technical analysis shared by prominent analyst Mister Crypto on X suggests a potentially bullish scenario for DOGE. His analysis highlights a 4-day (4D) price chart, where a bullish triangle pattern has just been broken.

Dogecoin breaking bullish triangle pattern.
Dogecoin is breaking a bullish triangle pattern. | Source: Mister Crypto on X

This breakout signals a possible rally ahead, which, if realized, could lead to gains exceeding 100%. Mister Crypto’s forecast has sparked renewed hope among Dogecoin traders, who are now carefully managing their risk in anticipation of this potential move.

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However, despite the optimism, there is still no clear confirmation that Dogecoin has entered a new bull run. For this bullish scenario to be validated, the price must close above the current demand level and hold support.

Until then, the market remains cautious, and investors are waiting for further price action to confirm whether Dogecoin will break out or continue to trade sideways. With so much speculation and uncertainty, the coming days will be critical for DOGE’s trajectory.

Price Action: Technical Levels To Hold

Dogecoin (DOGE) is currently trading at $0.106 after experiencing an 8% dip since Monday. The price has lost both the 4-hour 200 moving average (MA) at $0.107 and the 200 exponential moving average (EMA) at $0.108, placing DOGE in a precarious position as it now tests crucial demand levels.

DOGE trading below both 4H 200 MA & EMA.
DOGE is trading below both 4H 200 MA & EMA. | Source: DOGEUSDT chart on TradingView

For bullish momentum to return, DOGE needs to break back above these key indicators and reclaim the $0.12 mark. A surge beyond this level could set the stage for a higher push, giving bulls the control they need to shift market sentiment. However, the current market environment remains fragile, and any failure to recapture the 4-hour MAs could signal further downside.

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If DOGE fails to hold its current levels, analysts anticipate a deeper correction that could drive the price down to around $0.08, a key support zone.

Traders are watching closely to see if DOGE can stabilize or if more downside is ahead. This makes the coming days crucial for determining whether the meme coin can rebound or face further selling pressure.

Featured image from Dall-E, chart from TradingView

Bitcoin Price Fails At MA-200, Is A Crash To $52,000 Coming?

Este artículo también está disponible en español.

Following its brief stint above $66,000, the Bitcoin price fall had put it below multiple important levels. This allowed the bears to thrive as they reclaimed control of the largest cryptocurrency by market cap once again. Even now, as the Bitcoin price looks toward some recovery, the bear camp continue to wax stronger, with a most recent failure to break the MA-200, suggesting that the uptrend may only be temporary and a larger crash could be at play.

Why The Bitcoin Price Failing At MA-200 Is Bad

Crypto analyst RLinda revealed in a TradingView post that the Bitcoin price had actually tried to break the M1-200 level. This attempt took place on the daily chart with the price moving toward the $64,000-$65,000 resistance. However, the resistance at $64,000 proved too strong and the Bitcoin price was beaten down once again.

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The product of this failure at the daily MA-200 now is that the Bitcoin price is now forming a descending channel. Naturally, this is bearish for the Bitcoin price given that descending channels are often messengers of a crash. Add in the fact that the price has broken a range boundary with a strong liquidity zone formed and the crypto analyst believes that the market could be headed further down.

Since the bears remain in control, it seems to be a matter of when, not if, the Bitcoin price will retrace again. After this, the question of how low the price can go swims to the fore and the crypto analyst is currently looking at an at least 10% fall, which would push the price out of $60,000 again.

The main resistance levels presented by the crypto analyst are $62,745 and $64,955. This means that this are the levels the Bitcoin price must successfully scale in order to confirm the uptrend. In comparison, RLinda puts support levels at $60,000, $59,250, and $57,700. If the BTC price is unable to sustain these levels, then the dip could be deeper than expected, possibly crashing as low as $52,000.

How To Weaken The Bearish Pressure

Another analyst who has highlighted the Bitcoin price failure to break the MA-200 is Alan Santana. He explains in his post that the fact that the cryptocurrency is now trading below this MA-200 has strengthened the bearish bias with a drop expected to follow.

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However, there are a couple of developments that could help to weaken the mounting bearish pressure. The first of these is if the Bitcoin price were able to close above $66,500 on the weekly chart. The second is if BTC is able to complete a monthly close above $71,000.

Both of these scenarios would work to invalidate the bearish pressure that is currently mounting on the Bitcoin price. “As long as Bitcoin trades below 66,500 (short-term) or below 71,000 (long-term), the bearish bias remains intact,” the crypto analyst warned.

Bitcoin price chart from Tradingview.com
BTC price falls toward $61,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Standard Chartered Analysts Says Ethereum Price Will Reach $10,000 If This Happens

Este artículo también está disponible en español.

Analysts at British multinational bank, Standard Chartered have predicted that the price of Ethereum (ETH) could potentially climb to $10,000 in response to the anticipated political changes set to take place following the upcoming United States (US) Presidential elections.

Standard Chartered Predicts Ethereum To $10,000

In a research note by the head of Standard Chartered crypto research, Geoffrey Kendrick, Ethereum could experience a dramatic rise to $10,000 if Donald Trump, the former US President wins the upcoming election. 

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Delving into the potential impact of a Trump administration on the future of the digital asset industry, Kendrick predicts that both Ethereum and Solana (SOL) will outperform Bitcoin (BTC) significantly, reaching new all-time highs. The report posits that changes in a country’s political regime tend to have a significant influence on the trajectory of leading digital assets over time. 

Based on this observation, Kendrick expects Solana to significantly outperform Ethereum under a Trump regime. While Ethereum will witness significant growth and possibly maintain its rank as the top altcoin with the largest market capitalization, a Trump win could change the market dynamics, potentially triggering even higher gains and adoption for its competitor, Solana. 

On a different note, if the current US Vice President, Kamala Harris wins the upcoming elections, Kendrick’s report projects that Ethereum could surge to $7,000, marking a 30% or $3,000 drop from the projected $10,000 target under a Trump administration. However, under Harris’s leadership, Ethereum will solidify its position as the leading altcoin, potentially outperforming Bitcoin and Solana in gains.  

It’s important to note that Standard Chartered has cut down its earlier forecast for Ethereum by nearly 50%, underscoring the volatility and unpredictability of the market. In an earlier report, the multinational bank had predicted that Ethereum could reach $14,000 by 2025, driven by the approval of Spot Ethereum ETFs

Although Spot Ethereum ETFs have gained said approval and are now trading, Ethereum’s price remains significantly below $3,000. Nevertheless, the results of the US Presidential elections scheduled for November 5, could have a more bullish impact on Ethereum, potentially triggering a massive run to new highs. 

ETH Faces Drop To $1,600 If Key Support Fails

While market experts deliver optimistic projections for Ethereum’s price, a prominent crypto analyst, Ali Martinez has taken a more bearish stance, predicting a significant decline for this altcoin if it fails to hold a crucial support level

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In an X (formerly Twitter) post on Monday, Martinez disclosed that if Ethereum can stay above the $2,300 support threshold, its price could breakout to new all-time highs of $6,000. On the other hand, if the top altcoin fails to maintain this level, it could trigger a massive drop to the next support at $1,600. 

As of writing, the price of Ethereum is trading at $2,432, and a decrease to $1,600 would represent a massive 34.21% plunge for the cryptocurrency.  

Ethereum price chart from Tradingview.com
ETH price struggles to hold up | Source: ETHUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Shiba Inu Earns Recognition For Charitable Contributions – Impact On Price

Shiba Inu (SHIB) was announced by a prominent crypto personality as the most donated meme coin as these type of coins continue to grow in importance for charitable causes. This kind of recognition shows how these digital assets can benefit communities and gain business traction.

Shiba Inu: On Praise & Performance

Meme coin projects have earned praise from Ethereum co-founder Vitalik Buterin for donating a percentage of their token supply to charity. He thanked the projects and efforts dedicated to this cause in a post on X. Some “meme coins” were used as examples, including “ebull,” among well-known cryptocurrencies contributing to various charities.

Support & Dedication

Based on comments made by Buterin, Shiba Inu community members have claimed that among meme coins, SHIB leads in charity gifts. According to crypto expert Del Crxpto, no other meme coin can even emulate Shiba Inu’s level of philanthropy. For example, several donations, including to the recent Seungil Hope Foundation in Seoul, Korea which supports the country’s first specialized ALS hospital, reflect this growing dedication to giving.

Analyst Sees SHIB Uptrend

In related news, with good breakout and backtest signs in the very vibrant meme coin space, technical analyst Charting Guy has predicted a possible price spike for Shiba Inu. The market of meme coin prospers today; some of them are reaching all-time highs, while others display solid price rise.

Meme Coin In Negative Region

Shiba Inu was up 3.34% at the time of writing, trading at $0.00001793, but the weekly performance remained in negative territory cumulatively.

Charting Guy thinks the dog-themed meme coin is likely to have a major price pump even if the price action has been disappointing lately. Shiba Inu is in the last waiting period, he pointed out, and expected to show a significant upside.

Featured image from United Mission for Relief & Development, chart from TradingView



Shiba Inu Price Set To Rally Over 2430% To $0.000047 As Trend Oscillator Turns Bullish

Este artículo también está disponible en español.

The price of Shiba Inu might be currently declining, but an analyst says the meme coin is gearing up for a bullish run as it is currently flashing a buy signal. According to Cantonese Cat, SHIB is now flashing a strong buy signal based on the L3 Banker Fund Flow Trend Oscillator, a relatively lesser-known indicator. 

In a detailed breakdown shared via a YouTube video, Cantonese Cat explored SHIB’s recent price action in conjunction with this oscillator, revealing that it is ready for at least a 5x move to its all-time high, up until a bigger 2430% increase to a target of $0.00047.

Shiba Inu Flashes Buy Signal

Cantonese Cat’s latest analysis on Shiba Inu offers an interesting angle to the meme coin’s price action alongside other altcoins. The video in which he shared his analysis covers the current SHIB movement in relation to the larger altcoin market. As such, the analyst notes that Shiba Inu is one of ten cryptocurrencies among Optimism, Avalanche, Cardano, Chainlink, Boba Network, COTI, Amp, Cartesi, and Injective, which are all flashing a buy signal with the L3 Banker Fund Flow Trend Oscillator. 

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The L3 Banker Fund Flow Trend Oscillator is a technical indicator used to analyze the flow of capital in and out of cryptocurrencies among large market participants. A detailed analysis of SHIB’s price action with this indicator shows that this buy signal is extremely rare. The last time it flashed a buy signal for SHIB was in July 2023.

At that time, SHIB was trading below $0.000008. What’s more interesting is that even though the buy signal appeared then, SHIB’s price continued to consolidate for another six months before finally experiencing a strong rally in February 2024 during the broader crypto market upturn. Fast forward to October 2024, and SHIB is now showing another sign of a bullish rally with the L3 Banker Fund Flow Trend Oscillator.

SHIB Price Targets To Expect

Although the buy signal is derived from the banker fund oscillator, the analyst uses Fibonacci levels to predict potential targets when the breakout eventually occurs. The first target is the 1 Fibonacci extension level, which aligns with SHIB’s current all-time high of $0.0000884. He also noted an ultimate “crazy target” for those anticipating a bigger surge. This ultimate target is at the 1.618 Fibonacci extension level, which aligns with $0.00047. 

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Shiba Inu price
Source: X

Reaching this price would require SHIB to break through multiple resistance levels, both before and after surpassing its all-time high. Achieving this “crazy target” would represent a 2,430% increase or approximately a 30x jump from the current price level. Cantonese Cat suggests that this target could be achieved by August or September 2025, although he admits this is a highly ambitious target. According to him, a more feasible target is a 10x run from the current SHIB price.

At the time of writing, SHIB is trading at $0.00001733 and is down by 6% in 24 hours. 

Shiba Inu price chart from Tradingview.com
SHIB price still holding up | Source: SHIBUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Solana (SOL) Flashes Breakdown Signs: Will Support Hold?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Optimism, Aptos, And Taiko Face $169.66 Million In Token Unlocks, Should You Buy Or Sell?

Este artículo también está disponible en español.

The cryptocurrency market is gearing up for a major event as Optimism (OP), Aptos (APT), and Taiko (TAIKO) prepare for token unlocks collectively valued at $169.66 million. According to data from TokenUnlocksApp, millions of dollars worth of cryptocurrencies will flood various ecosystems this week, which could further amplify the prevailing selling pressure. Of these cryptocurrencies, Aptos (APT) dominates the token unlocks, with almost $100 million worth of APT set to be unlocked in the next seven days.

Explaining The Token Unlocks

Token unlocks refer to the release of a predetermined number of tokens that were previously locked or vested during the cryptocurrency’s launch. When these tokens become available, they can be traded on the market, which often leads to increased liquidity. However, a potential downside is that a sudden surge in supply can lead to price volatility as recipients of unlocked tokens might decide to sell, causing downward pressure on prices. As such, new buyers are used as the exit liquidity for early investors, team members, or project developers who are given these unlocked tokens.

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According to data from TokenUnlocksApp, this week’s crypto market activity will see a significant release of tokens across three major projects: Optimism (OP), Aptos (APT), and Taiko (TAIKO). These upcoming unlocks are particularly noteworthy because they follow a cliff unlock mechanism, where a large number of tokens are released in one go. Interestingly, these unlocks come just a week after SUI, another prominent blockchain project, unlocked 64.19 million tokens valued at approximately $106 million.

Among these three projects, Aptos stands out with the most significant unlock. A total of 11.3 million APT tokens, collectively worth approximately $99.75 million at the current price of APT, are set to be released. The second most notable unlock comes from Optimism, which will release 12.47 million OP tokens valued at around $21 million. Taiko, a project focusing on zk-Rollup technology for Ethereum scaling, will also unlock 12 million tokens with a total value estimated at $20.28 million.

Token unlocks
Source: Token Unlocks

What Next? Should You Buy Or Sell?

Cliff token unlocks have more profound effects on the price of cryptocurrencies than linear unlocks. Of the three ecosystems, Taiko’s unlock seems to be the most important, as a larger part of its circulating supply (15.62%) is going to be unlocked in a single event, which could dramatically influence its price action. In comparison, Aptos and Optimism will see smaller portions of their total circulating supply unlocked. Aptos is set to unlock 2.3% of its circulating supply, while Optimism will release 1% of its circulating supply.

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Nonetheless, monitoring the unlocks is crucial for investors in the rest of the week. This is especially true for retail investors, as they could bear the risk of the liquidity as these tokens are unlocked. They could be used as exit liquidity once the owners of the unlocked tokens decide to sell or reduce their exposure.

Optimism price chart from Tradingview.com (Token unlocks)
Optimism price drops ahead of token unlocks | Source: OPUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com