As the cryptocurrency market continues to rise, more and more investors are looking to invest in different coins. However, with tens of thousands of different tokens on the market, it can be a headache to determine which ones are worth investing in. An important factor to consider when investing in tokens is when the tokens will be unlocked.
Token unlocking occurs when a certain amount of tokens becomes available to investors. These unlocks can have a significant impact on the price of the token, as investors can choose to buy or sell tokens based on their assessment of their value. Therefore, tracking token unlocks is an important step in making informed investment decisions.
In March of this year, some important tokens will be unlocked. According to Trackers, the largest token to be unlocked is ApeCoin (APE), which will unlock $173.11 million on March 17, or roughly 4.06% of the token’s total supply. BitDAO (BIT) is also scheduled to unlock March 15, $95.43 million, or about 1.88% of the total token supply.
Uniswap (UNI) will unlock $48.92 million on March 16, or about 0.83% of the total supply, while Filecoin (FIL) will unlock $31.94 million on March 14, or about 28% of the total supply. Tribal (TRIBL) will also unlock $25.57 million, approximately 2.26% of the total supply on March 17. Finally, Lido (LDO) will unlock $19.61 million or about 0.79% of the total supply on March 18, and dydx tokens (DYDX) will unlock $13.87 million or about 0.64% of the total supply on March 14.
Source: Top7ICO.
These upcoming unlocks are expected to have a significant impact on the price of these tokens as investors decide to buy or sell in response to increased supply. Therefore, investors should focus on these unlocks and make an informed decision based on their own research and analysis.
While investing in tokens can be profitable, it is important to remember that the cryptocurrency market is volatile and unpredictable. Therefore, investors should always check carefully before investing, and never invest more than the risk budget. By remaining informed and cautious, investors can make informed investment decisions and navigate the cryptocurrency market with confidence.
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