Stay Away from ID Coin and These 7 Cryptos Next Week! Here’s Why

The cryptocurrency market is preparing for a new paradigm shift, with huge expansions in the prices of certain tokens on the horizon. Token expansions refer to an event that allows previously locked tokens to be released and increases the supply. This potentially creates a bearish trend and pushes traders away from trading decent cryptocurrencies. A token opening worth $182.20 million is expected to take place next week. Let’s take a brief look at eight cryptocurrencies, including ID coin, that are likely to attract interest…

Watch out for ID coin and these cryptos next week

• Arbitrum (ARB): ARB, which traded at $0.9227 and fell 2.99% in the last 24 hours, is at the top of the list. ARB, which is expected to witness a token opening worth $ 86.23 million, causes speculation that it may experience a price drop in the coming days due to the opening of 96.13 million ARB, corresponding to 3.32% of the supply in circulation, on June 16.
• Space ID: Meanwhile, ID is trading at $0.5654 and has lost 4.15% in price in the last 24 hours. The cryptocurrency is facing a token expansion worth 78.49 million IDs, or $44.37 million, on June 22, corresponding to 18.23% of the circulating supply. This valuable opening may trigger a falling price movement for ID in the coming days.

• Pixels (PIXEL): While PIXEL is trading at $ 0.3621 with a decrease of 3.84% today, it is preparing for a token opening worth $ 19.65 million. In a valuable form, 54.38 million PIXELs, corresponding to 7.05% of the circulating supply, will be opened on June 19.
• ApeCoin (APE): APE, which has traded at $1.05 with a decrease of 2.78% since yesterday, is preparing for a token opening worth $16.35 million, corresponding to 2.48% of the supply in circulation. A total of 15.60 million APEs were opened on June 17, increasing investors’ concerns about the token’s future price movements.
• Manta Network (MANTA): MANTA is trading at $1.27, losing 8.49% in value in the last 24 hours. The token is preparing to launch on June 18 at a value of $10.8 million. Data shows that 7.87 million MANTAs will be released, corresponding to 2.42% of the supply in circulation.

• Render (RNDR): RNDR is trading at $8.05 today, down 2.56%. The token is preparing to launch on June 16 at a value of $6.12 million. On the date specified above, 760.57K RNDR coins will open, corresponding to 0.20% of the circulating supply.
• NYM Coin: NYM cryptocurrency is trading at $0.1366, down 1.58% today. 2.96 million NYM, corresponding to 0.37% of the supply in circulation, will be opened on June 17.
• Euler (EUL): The EUL token is preparing for an expansion of 88.98K coins, worth $386.16K, on ​​June 19. 0.48% of the circulating supply will be released.