Token Unlocking: 5 Altcoins to Pay Attention to This Week

Bitcoin leads the choice of investors in the cryptocurrency market, with the total cryptocurrency market capitalization increasing by over $100 billion compared to the previous week.

It can be observed that, following the crypto giant, altcoins are also showing growth, especially assets like Solana, Avalanche, and Chainlink. In this article, I would like to explore what asset unlocking represents and how it affects the value of assets using five different examples.

What is asset unlocking?

Token unlocking refers to the release of a specific quantity of assets that were previously locked or restricted from trading on the cryptocurrency market. Token unlocking typically has a significant impact on market liquidity, trading volume, overall market dynamics, and price volatility.

5 Altcoins that will be unlocked in November

I’d like to introduce you to five interesting assets that have been unlocked or will be unlocked in November.

1. Games for a Living (GFAL): Market Value: $51.59 million

Amount of Tokens Unlocked: $8.11 million (15.72% of Market Cap)
Date: 13 November 2023, 03:00

About GFAL

$GFAL is the native currency and utility token for all games on the company’s platform. The token is designed for use as a binding asset in all kinds of operations within the ecosystem.

Users require $GFAL for converting in-game assets into NFTs, acquiring exclusive assets, and trading them. The VIP system also provides active users with discounted $GFAL transactions, priority access, and management rights.

Additionally, developers can gain access to the developer portal, game analytics, and live events by holding the asset. The token’s utility continues to expand as the ecosystem grows, and new games are released.

Price prediction (GFAL) in 2024

Currently, the asset is trading at $0.03705, with a 24-hour trading volume of $1,289,790. With a circulation of 1.6 billion GFAL, the market capitalization of Games for a Living is estimated at $58,737,844.

According to analysts from CoinMarketCap, we can expect the asset’s value to continue rising, potentially reaching $0.02742 and beyond in 2024.

This assessment is based on the understanding that the demand for digital currencies will continue to grow as traditional financial systems face challenges and limitations.

Additionally, due to technological advancements and increasing recognition of cryptocurrencies by institutions and governments, the value of Games for a Living Coin may see significant growth.

2. Nakamoto Games (NAKA): Market Value: $85.84 million

Amount of Tokens Unlocked: $2.20 million (2.56% of Market Cap)
Date: 15 November 2023, 03:00

About NAKA

$NAKA is the native asset of the gaming platform Nakamoto Games. Nakamoto Games is designed for money-making, providing significant earning opportunities for all participants in the gaming ecosystem.

The team aims to attract both gamers and game developers. Developers will also receive tools to launch and monetize their game creations on the platform.

The platform creates an entire ecosystem for games designed to earn money. Additionally, participants will always have a variety of choices, as, besides their releases, third-party developers are encouraged to connect their games through their SDK, increasing the number of games available on our platform.

Price prediction for NAKA in 2024

The current price of Nakamoto Games (NAKA) is $1.30, with a 24-hour trading volume of $13,277,303.66. With 65 million NAKA tokens in circulation, Nakamoto Games’ market capitalization is estimated at $84,671,329.

According to WalletInvestor, investors can expect NAKA prices to rise to $3.303 in 2024, which makes Nakamoto Games an attractive investment option. TradingBeast, on the other hand, predicts a price increase of $1.726527, and PricePrediction.net agrees with a forecast of growth to $1.968049.

3. WhiteBIT Coin (WBT): Market Capitalization: $792.65 million

Unlocked Token Amount: $173.71 million (21.92% of market capitalization)
Date: November 13, 2023, 20:00 (8:00 PM)

About WBT

$WBT is the native asset of one of the largest European cryptocurrency exchanges WhiteBIT, and it is also a product within the platform’s ecosystem, integrated into all of its services to facilitate user interactions on the platform.

Key advantages of WBT include:

• Increased referral commission rates (up to 50%)
• Reduced trading fees
• Free daily withdrawals of ERC-20/ETH
• Free daily AML checks

Integration with current and future WhiteBIT products, among other benefits.

Trading competitions, giveaways, bounties, attractive holding programs, and access to the token on other exchange platforms are all part of the cryptocurrency WBT’s activities available on WhiteBIT.

Price prediction (WBT) in 2024

The current price of WhiteBIT Coin is $5.36, with a 24-hour trading volume of $6,649,800. According to analysts from Ambcrypto, the price of WhiteBIT Coin in 2024 could range from $6.19 to $9.28, with an average price of approximately $7.73.

4. Uniswap (UNI): Market Value: $3.17 billion

Amount of Tokens Unlocked: $44.67 million (1.42% of Market Cap)
Date: 16 November 2023, 07:00

About UNISWAP

Uniswap is a decentralized trading platform created by Ethereum developer Hayden Adams. During the development of Uniswap, Adams worked on various projects, and his work was directly informed by Ethereum’s creator, Vitalik Buterin. Buterin even gave the protocol its initial name, originally calling it “Unipeg.”

Uniswap is a decentralized trading protocol known for its role in facilitating automated token trading within the decentralized finance (DeFi) space, and UNI is the native asset of Uniswap.

Uniswap aims to make token trading automated and fully accessible to anyone who holds tokens, while simultaneously improving trading efficiency compared to traditional exchanges.

Uniswap enhances efficiency by addressing liquidity issues through automated solutions, avoiding the problems that plagued early decentralized exchanges.

Price prediction for UNI in 2024

The current price of Uniswap (UNI) is $5.25, with a 24-hour trading volume of $166,781,686.65. With 750 million UNI tokens in circulation, Uniswap’s market capitalization stands at $3,971,077,953.

According to analysts at coinpedia.org, 2024 is considered crucial for the cryptocurrency industry as it marks the halving event for Bitcoin, which has the potential to kick-start a bull market.

In such a scenario, the price of UNI could potentially reach a maximum of $12.85. On the other hand, factors like increased regulatory scrutiny could lead to a price drop to $7.63. In the future, the average trading price may settle around $10.80.

5. Aurora (AURORA): Market Value: $37.10 million

Amount of Tokens Unlocked: $1.64 million (4.47% of Market Cap)
Date: 19 November 2023, 03:00

About AURORA

Aurora is a product designed to facilitate the seamless transition of Ethereum users and decentralized applications to the NEAR blockchain. It enables users to accomplish two main tasks: upload and interact with Solidity smart contracts on the NEAR blockchain and transfer assets (including ERC-20 tokens) between Ethereum, NEAR, and Aurora through the Rainbow Bridge.

The foundational token of Aurora is ETH, which provides a familiar user experience and tools for developers.

The AURORA token is a governance token that ensures the proper protocol upgrades. Aurora is governed by AuroraDAO, which includes representatives from various blockchain ecosystems and sectors within the blockchain industry.

Price prediction of AURORA in 2024

The current price of Aurora today is $0.089765, with a 24-hour trading volume of $633,333. The market capitalization stands at $34,198,156, and there are 380,975,376 coins in circulation.

Based on price changes for Aurora and the halving cycles of BTC, analysts from coincodex.com estimate the lowest annual price forecast for Aurora in 2024 to be $0.00007830. However, the price of Aurora is expected to reach $0.00008300 in the following year.

Conclusion

One important aspect to consider in the cryptocurrency world is asset unlocking. Token unlocking can have a significant impact on market dynamics, liquidity, trading volume, and price volatility.

In this article, we explored the significance of asset unlocking through five different examples, shedding light on how it affects various cryptocurrencies.

Read more:

• Best Crypto VIP Programs in 2023
• Dogecoin and Shiba Inu Price Analysis 11/13
• Crypto Price Analysis 11/13: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP)

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