Key Points:
The market factor is something that cannot be ignored when it comes to the price of tokens. It can be seen that the entire market is in a gloomy picture when the intense legal battle between the SEC and the two exchanges occupying the largest market share of the market is Binance and Coinbase.
Last week, the altcoin market witnessed serious bloodshed when the SEC accused a series of tokens as unregistered securities that caused altcoin prices to plummet. The heaviest were Solana (SOL), Cadano (ADA) ) and Polygon (MATIC), with a reduction of up to 25%.
Investors should also pay attention not to rely solely on unlocked token information to make a decision to short one coin/token. Unlock tokens will increase the circulating supply of the token, but it is unlikely that the token will be inflated or depreciated if there are effective tokenomics. Besides, the unlock token is just one of the few factors affecting the token’s price besides the macro situation, tokenomics policy, etc.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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