Thor Hartvigsen, investor at Heartcore Capital and a crypto analyst has identified a list of cryptocurrencies that are expected to see a massive increase in their supply.
Crypto analyst Thor Hartvigsen calculated the Fully Diluted Valuation of altcoins and identified tokens that could face selling pressure. Hartvigsen noted that four months into 2024, there is a massive increase in the supply of several altcoins. New tokens expected to be launched this year, alongside unlocks could push supply higher. Typically, an increase in selling pressure negatively impacts an asset’s price.
The metric float is derived by dividing the market capitalization of an asset with its FDV. The average float for new tokens is 13.6%, and the analyst notes that this is the tip of the iceberg when it comes to new tokens coming in 2024. Several categories, modular infrastructure, bridges/ cross-chain messaging, liquid re-staking tokens, EigenLayer, Ethereum scaling Layer 1, 2 and 3, Perp DEXes are set to see several new tokens.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
STRK, ORDI, EGLD: Worst YTD Performers Named by AnalystWhile Bitcoin (BTC) and Ethereum (ETH) still up by 49% and 36% year-to-date, some major altcoins look surprisingly pale in 2024
Read more »
'Invincible' and Omni-Man Face Off in New YouTooz FigureMark Grayson on the Invincible Season 2 Part 2 Poster
Read more »
OMNI post nearly 50% loss after airdrop and exchange listingOmni network (OMNI) lost nearly 50% of its value on Wednesday after investors dumped the token following its listing on top crypto exchanges.
Read more »
Omni Network token falls 55% after airdrop, fake token completely rugsThe layer-1 blockchain Omni Network is still in testnet, and its token airdrop to early users has already been followed by a massive price drop.
Read more »
J.K. Simmons Speculates on Omni-Man's Future on 'Invincible'Nate Richard is a Resource Editor for Collider, a film and television critic, and a part-time amateur filmmaker. He graduated from Ball State University in December 2020 with a Bachelor&039;s degree in Telecommunications.
Read more »
Omni Hotels & Resorts Faces Cyberattack, Experts Warn of Digital Safety RisksIn the wake of a recent cyberattack on Omni Hotels & Resorts, experts are reminding people of the actions guests can take to preserve their digital safety and discussing risks facing the hospitality industry.
Read more »