Altcoins With A Supply Increase Of USD 10 Million To Consider

The data from the tracking platform CoinMarketCap on Thursday afternoon (2) shows that the “win” rate of cryptocurrency investors is high, at 74% from a maximum of 100%. This happened after the increase in risk appetite after a new stop in the interest rate of the Federal Reserve (Fed), known through Bitcoin (BTC), traded at around USD 34,700 (+ 0.58%) , and by the rally of altcoins such as SushiSwap (SUSHI), which rose by 60%, and Solana (SOL), which reached a peak price of 18%.

However, at the beginning of the month of November, the most distracted investors who are looking forward to large profits should pay attention to other events that can influence the price of various altcoins. One of them is the scheduled opening of tokens that, in total, will increase the circulating supply in November by percentages that will reach 74%. In these cases, seven altcoins have unlockable tokens worth more than $10 million. These are: SUI; IMX; HFT; APPROPRIATE; APE; AVAX; OP.

This means that an increase in supply will also increase supply, an indication of possible price declines. According to data in chronological order from the Token Unlocks platform, next Friday (3), SUI will see its circulating supply increase by 3.58%, equivalent to 34.62 million SUI tokens, approximately USD 15,47 million at the current altcoin price this Thursday ( 2). On Saturday (4), 1.48% of the IMX supply is scheduled to be unlocked, about 18 million tokens for a little over USD 12 million.

According to the platform, HFT, the management token of the Hashflow decentralized protocol, can be expected to start a corrective cycle due to the start of the total 74% unlocking of the total supply of HFT, in the amount of approximately USD 42.9 million.

Another significant part of the increase in the circulating supply of tokens is due to the opening in November for Aptos (APT), which will take place in a phased manner starting next November 12, in the amount of approx. of 24.8 million tokens (10% of the supply), about USD 165 million.

Completing the list is Avalanche (AVAX), with a volume of approximately USD 110.7 million divided into 9.5 million AVAX tokens (2.69% of the supply) that will be unlocked in stages starting November 17, and Optimism (OP), whose unlocking takes place. in two parts starting next November 30, for a total of approximately USD 33.10 million distributed over 24 million tokens (2.45% of the supply).

In the opposite direction, five altcoins from the leading cryptocurrency projects rose by 90% in October, as reported by Cointelegraph Brazil.

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