AGIX Coin Next Week and Stay Away from These 5: Here’s Why!

The cryptocurrency market seems to be preparing for a new shock on the prices of certain tokens. While a large token expansion into the market is expected next week, 6 cryptocurrencies, including AGIX coin, are preparing to face increasing supply pressure. Token expansions refer to the periodic release of locked tokens and can significantly impact supply-demand dynamics. This event, which is often seen as a potentially bearish signal, directs investors to be careful and cautious when trading decent cryptocurrencies. Here is an overview of 6 cryptocurrencies that are expected to face major token expansions in the coming days.

Token launch worth $45 million is approaching

According to the data announced by the Token Unlocks application, a token opening worth 45.72 million dollars is expected to occur next week. The cryptocurrencies that will be most affected by these expansions include AltLayer (ALT), Yield Guild Games (YGG), Ethena (ENA), SingularityNET (AGIX), Acala (ACA) and 1inch (1INCH). Now let’s take a closer look at these upcoming expansions.

According to the data, AltLayer (ALT) will face the opening of exactly 105.21 million ALT tokens worth $ 20.03 million on June 25. This constitutes 6.92% of AltLayer’s circulating supply and indicates the possibility of a significant price drop with the opening. ALT price traded at $0.1903 today and lost 4.15% in value in the last 24 hours.

YGG, on the other hand, will face the opening of 16.69 million tokens worth 10.67 million dollars on June 27. This expansion is equal to 4.48% of the total circulating supply and poses a significant threat to the price. YGG price traded at $0.6387 today and lost 0.44% in value in the last day. At the same time, ENA will open 14.89 million coins worth 8.88 million dollars on June 23. This corresponds to 0.87% of the circulating supply and poses a threat to future price movements. ENA price decreased by 2.71% yesterday to $0.5956.

AGIX coin, ACA and 1INCH will also be unlocked

cryptokoin.com As we reported, the artificial intelligence coin AGIX, which is preparing for a valuable token merger to become “ASI”, will also witness a valuable token launch next week. On June 28, 8.57 million tokens worth $5.51 million will be unlocked. This opening measure is equal to 0.67% of the circulating supply and potentially poses a threat to the price. On the other hand, AGIX traded at $0.6476 with a 0.55% increase yesterday.

Acala will face a 4.66 million token launch on June 25 at a price of $328,520. This is equivalent to 0.46% of the supply in circulation. ACA price traded at $0.07021 today, down 2.99%. Finally, 1INCH will have to face a relatively smaller 64,280 token opening at $ 25,800 on June 27. This measure indicates a marginal measure of 0.01% of the token’s circulating supply. However, it is important to note that the 1inch price chart shows a monthly retreat. Additional bearish factors may cause further declines in prices.