Top 4 Cryptocurrencies to Avoid Next Week

The ever-evolving world of cryptocurrencies is gearing up for another major change.

A massive token unlock is coming, which could have an impact on market dynamics. This event is the periodic release of previously locked coins to the market, often resulting in price volatility. In the coming week, 4 cryptocurrencies are preparing to face the potential impact of increased market supply.

For the next week, these projects will market over $42 million worth of tokens. Among the more notable projects are AltLayer (ALT), Yield Guild Games (YGG), Athena (ENA) и Singularity NET (AGIX) .

AltLayer (ALT)

On June 25, AltLayer (ALT) will unlock 105.21 million ALT tokens valued at $20.03 million. This unlock represents a 6.92% share of AltLayer's total supply, indicating a potential price drop due to increased supply.

• Price at time of writing: $0.191
• 24-hour change: -3.97%

Yield Guild Games (YGG)

On June 27, YGG will unlock 16.69 million tokens worth $10.67 million. This unlock equates to 4.48% of the total supply in circulation, which is a risk to the price.

• Price at time of writing: $0.6511
• 24-hour change: -0.64%

Athena (ENA)

On June 23, Athena (ENA) will unlock 14.89 million coins worth $8.88 million, representing 0.87% of the circulating supply.

• Price at time of writing: $0.6006
• 24-hour change: -2.10%

Singularity NET (AGIX)

AGIX, which is soon to merge with OCEAN and FET, will unlock 8.57 million tokens, worth $5.51 million, on June 28. This amount is equal to 0.67% of the circulating supply

• Price at time of writing: $0.6343
• 24-hour change: -3.79%

The upcoming token unlock represents a pivotal period for affected cryptocurrencies. While increased supply may lead to lower prices, the long-term impact will depend on market demand and general sentiment.