Token Unlock: Investors Should Pay Attention to These 3 Cryptocurrencies This Week
3) Echelon Prime (PRIME)
Finally, Echelon Prime (PRIME) will unlock 1.66 million PRIME worth $38.58 million on March 30. 912,040 PRIME will go to the Parallel Studios reserve and 750,000 to its private investors. Therefore, PRIME is another cryptocurrency to avoid in the coming week due to expected selling volatility.
However, increasing the supply of a token does not guarantee that its price will decrease. Meanwhile, if the asset manages to achieve higher demand, it is possible that its value will still increase under these conditions.
However, traders will try to speculate on the economic effects these unlocks will have on the price. This could lead to increased volatility and a worsening of the potential risk-return ratio. The market is uncertain and affected by multiple factors. It requires proper risk management and learning when to avoid trading certain cryptocurrencies.
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