COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: The Impact of Token Unlockings on Altcoin Prices: AVAX Coin vs SOL Coin
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > The Impact of Token Unlockings on Altcoin Prices: AVAX Coin vs SOL Coin
Altcoin News

The Impact of Token Unlockings on Altcoin Prices: AVAX Coin vs SOL Coin

In Brief

  • Token unlockings in the crypto market have often resulted in an increase in the circulating supply of altcoins, leading to a decrease in their unit prices. The massive price performance difference between AVAX Coin and SOL Coin should also be evaluated from this perspective. We are discussing the possibility of AVAX experiencing a challenging period […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Token unlockings in the crypto market have often resulted in an increase in the circulating supply of altcoins, leading to a decrease in their unit prices. The massive price performance difference between AVAX Coin and SOL Coin should also be evaluated from this perspective. We are discussing the possibility of AVAX experiencing a challenging period with an inflation rate of nearly 40% since the beginning of the year. And indeed, it happened.

Contents
Token Unlockings in NovemberAvalanche (AVAX) Supply and Price

Token Unlockings in November

Altcoins have two different supplies: circulating supply and maximum supply. The circulating supply represents the balance that can be held in exchanges and wallets, while the maximum supply represents the maximum circulating supply that will be reached through periodic token unlockings. The circulating supply increases periodically with token unlockings.

What happens if a cryptocurrency fails to generate investor demand for its token unlockings? If the supply exceeds the demand, the price of the asset is expected to decrease. Indeed, this is exactly what happens because demand is the main factor that determines the price in the crypto ecosystem. In cases of excessive demand or lack of demand, token prices may exceed or fall below their fair value.

In November, we will witness approximately $400 million worth of token unlockings. The majority of these unlockings will be in HFT, SUI, and OP Coin.

The table above shows the dates and other details.

Avalanche (AVAX) Supply and Price

It might be useful to discuss this topic specifically in relation to AVAX Coin. The chart below shows how the supply has been increasing in 2023. The circulating supply, which was 338 million at the beginning of 2023, is now over 400 million and will continue to increase until the end of the year. By the end of 2024, the supply is expected to reach 480 million.

The selling pressure is stronger due to the portion allocated to group staking revenue, foundations, and strategic partnerships in token unlockings. The increase in circulating supply from 97 million in 2021 to 263 million at the beginning of 2022 demonstrates a departure from triple-digit prices.

In conclusion, closely monitoring token unlockings in both the short and long term should be an important detail in determining unit price targets for tokens. When setting price targets for altcoins over the course of several years, you can determine your unit price target by considering the future supply and expected market value.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

MOVE Coin Faces Rapid Decline Despite Prominent Backing

LaunchCoin Skyrockets in a Week Surpassing Expectations

Expert Predicts Sui Could Emulate Solana’s Meteoric Rise

MetaMask Stirs Buzz with Possible Altcoin Launch

Pi Coin’s Dramatic Drop Raises Questions About Its Future

COINTURK NEWS 4 November, 2023 - 3:08 am 4 November, 2023 - 3:08 am
Share This Article
Facebook Twitter
Share
Previous Article Opportunities for Altcoin Investors: XRP, Dogecoin, and Solana
Next Article Crypto Market Analysis: Bitcoin and Ethereum Price Predictions for November
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

FTX Distributes Billions, Reanimating the Cryptocurrency Market
Cryptocurrency News
MOVE Coin Faces Rapid Decline Despite Prominent Backing
Altcoin News
Fed Faces New Challenges as Economic Signals Conflict
Cryptocurrency News
Traditional Banks Drive Stablecoin Surge in Crypto Markets
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?