The cryptocurrency market's current bull cycle may be shorter than previous ones and is unlikely to end with a significant altcoin rally.
As reported by 10x Research analysts, cryptocurrency investment funds, which will concentrate a significant share of coins in the future, may be the reason behind this.
“Despite the high daily trading volume of over $100 billion and the rapid development and updates in cryptocurrency projects, there are significant limitations to the industry’s growth potential.”
10x Research Analysts
According to analysts, large amounts of tokens worth nearly $2 billion will be unlocked over the next 10 weeks could negatively impact altcoins.
Unlocks the token Data indicates that the next largest unlock will occur on May 15 from the layer 2 cryptocurrency derivatives platform Aevo. The developers will release 828.93 million AEVO, equivalent to approximately $1.17 billion. Of the total supply of 1 billion coins, 18.5% will be sent to private investors.
A smaller amount of $39.78 million worth of WLD tokens from Sam Altman's Worldcoin project is scheduled to open on July 24. This would be 0.05% of the total token supply or 2.4% of the current number of coins in circulation.
On May 12, Aptos will open 11.31 million APT, worth $101.67 million, approximately 2.6% of the circulating supply.
In April, experts at 10x Research warned that the market had reached a critical inflection point that could lead to a major correction. The company described “unexpected and persistent” inflation as the main reason.
With less than three cuts expected in the bond market and the 10-year Treasury yield above 4.5%, risk assets are likely to see a price reset.
