{"id":20086,"date":"2024-05-11T04:00:11","date_gmt":"2024-05-11T04:00:11","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20086"},"modified":"2024-05-11T11:35:59","modified_gmt":"2024-05-11T11:35:59","slug":"crypto-company-warns-danger-in-10-altcoins-could-pull-market-down","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/crypto-company-warns-danger-in-10-altcoins-could-pull-market-down\/","title":{"rendered":"Crypto Company Warns: Danger in 10 Altcoins Could Pull Market Down!"},"content":{"rendered":"

As Bitcoin is in the process of recovering from a sharp correction, altcoins are facing danger in the coming days.<\/p>\n

While Bitcoin dragged altcoin prices down with its sharp correction, a warning came from 10x Research on the subject.<\/p>\n

Cryptocurrency analysis and research firm 10x Research<\/a><\/strong>, in its report published on May 8th, stated that approximately $2 billion worth of unlocks will occur over the next 10 weeks, which could pull the market down.<\/p>\n

It is expected that approximately $97 million worth of Aptos (APT), $79 million worth of Starknet (STRK), $94 million worth of Arbitrum (ARB), $53 million worth of Immutable X (IMX), $330 million worth of Avalanche (AVAX), $64 million worth of Optimism (OP), $28 million worth of PRIME, $1 billion worth of Sui (SUI), $48 million worth of Ethena (ENA), $171 million worth of Altlayer (ALT) and $135 million worth of XAI tokens will be released and enter circulation in the next 2 months.<\/p>\n

The report included the following statements regarding the selling pressure:<\/p>\n

Venture capitalists may limit upside momentum and put downward pressure on prices when locks are unlocked.<\/p>\n

\n
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As Bitcoin is in the process of recovering from a sharp correction, altcoins are facing danger in the coming days. While Bitcoin dragged altcoin prices down with its sharp correction, a warning came from 10x Research on the subject. Cryptocurrency analysis and research firm 10x Research, in its report published on May 8th, stated that<\/p>\n","protected":false},"author":1,"featured_media":8494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[236,563,1011,273,58,1923,2703,1001,5988,474,3372,4941],"class_list":["post-20086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoins","tag-arbitrum","tag-avalanche","tag-cryptocurrency","tag-immutable-x","tag-market","tag-optimism","tag-selling-pressure","tag-starknet","tag-unlock","tag-venture-capital"],"yoast_head":"\nCrypto Company Warns: Danger in 10 Altcoins Could Pull Market Down! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"As Bitcoin is in the process of recovering from a sharp correction, altcoins are facing danger in the coming days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/crypto-company-warns-danger-in-10-altcoins-could-pull-market-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Company Warns: Danger in 10 Altcoins Could Pull Market Down! 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