The crypto market has turned bullish, with Bitcoin making new all-time highs. Investors are on the lookout for new projects with high growth potential since Bitcoin hit a new all-time high in March 2024. BTC Price breached $72,000 on March 12th, and since then, leading altcoins have been witnessing historical inflows.
However, some leading altcoin projects are anticipated to have major token unlocks that could impact market liquidity. The three tokens undergoing this major update of unlocks are APT, APE, and FLOW, with a total release value of $2.63 billion.
Biggest Token Unlocks in March 2024
Aptos (APT)
Aptos is a Proof-of-Stake (PoS) smart contract network that uses the Move programming language for virtual machine (VM) transaction execution. It is currently priced at $13.22, with a 4% increase in the price in the last 24 hours. Its market cap has also observed an increase of 4% and is now at $4.70 Billion. Aptos (APT) has successfully shown strength at #28 in the top altcoins list by CoinMarketCap.
Aptos (APT) will unlock 24.84 million tokens on March 13 at 6 am, valued at approximately $329 million, accounting for 6.73% of the circulating supply. Many Investors are predicting a major dump from APT, but at the same time, some investors are uncertain about the price fluctuations.
Apecoin (APE)
Aptos is a Proof-of-Stake (PoS) smart contract network that uses the Move programming language for virtual machine (VM) transaction execution. It is currently priced at $13.22, with a 4% increase in the price in the last 24 hours. Its market cap has also increased by 4% and is now at $4.70 Billion. APE holds strong at #82 in the list of top 100 altcoins by CoinMarketCap showcasing its potential and strength.
ApeCoin (APE) will unlock 15.6 million tokens on March 17 at 8 am, valued at approximately $35.57 million, accounting for 2.55% of the circulating supply. The all-time high for ApeCoin (APE) is $26.70, recorded on Apr 28, 2022, and currently, its price is 91.54% lower than the all-time high price, which is why investors are expecting a massive dump after the unlock event.
Flow (FLOW)
Flow is a high-speed, low-cost blockchain that uses multirole architecture. Its price has increased by 10% in the last 24 hours to $1.54. Its market cap has also increased by 10% and is now at $2.30 Billion. FLOW is ranked #56 in CoinMarketCap’s list of the top 100 altcoins, showcasing its potential and strength.
Flow (FLOW) will unlock 2.6 million tokens on March 16 at 8 am, valued at approximately $3.62 million, accounting for 0.17% of the circulating supply.
These are causing major concerns for investors as such an increase in liquidity can significantly impact price stability. Investors are now considering other projects with strong tokenomics to hedge their risk. Platforms like Algotech (ALGT) are emerging as a popular choice.
Algotech (ALGT) Becomes Leading Presale Project with $2M Presale
Emerging TradFi platform Algotech (ALGT) is currently in the limelight due to its exceptional presale performance. This platform recently raised over $2 Million in its public pre-sale within two weeks with 5,000 unique holders. Algotech has sold over 45 Million ALGT tokens and is showing no signs of slowing down.
Algotech combines AI and blockchain technologies to offer exciting trading applications to users. Key features of the platform include breakout detection, hedging, and high-volume arbitrage.
Currently, it is priced at $0.06, but it is expected to increase to $0.08 in the coming stage. Investors are jumping at the opportunity to become early investors thanks to lucrative benefits like governance rights and profit shares.
Learn more about this project:
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