10X Research: Token unlocking of nearly $2 billion in the next ten weeks may reduce market expectations for counterfeit products
2024-05-08 10:18:01
10X Research on the X platform said that the current crypto bull market cycle may be shorter than previous cycles and is unlikely to culminate in a broad counterfeit products rally. Despite the daily trading volume of more than $100 billion and the rapid development and renewal of cryptocurrency projects, the growth potential of the industry is still very limited; real-time on-chain analysis keeps cryptocurrency traders engaged, which contrasts with traditional stock investors waiting for quarterly earnings. However, the challenges facing the cryptocurrency market may limit the breadth and duration of the bull market. Over the next ten weeks, nearly $2 billion of tokens will be unlocked in succession, which may lower the market price of counterfeit products.
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