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Crypto Secret Impacting Your Portfolio

Happy Friday 👋 

Hope you've had a fantastic week! Before we hit the weekend, let's catch up on the latest headlines.

After that I’ll clue you in on a crypto development that's been under the radar – it might just be the game-changer your portfolio needs.

Let’s jump in!

WEEKLY CRYPTO NEWS SUMMARY

Coal Miners Turning To Bitcoin Mining: A Profitable Shift?

The shift towards renewable energy has left US coal miners in a tough spot, pushing many to mine Bitcoin as a new revenue stream. One notable miner extracted 425 Bitcoin, worth $30 million!

While governments may see this as an opportunity to crack down on crypto, this news is actually bullish as it shows the resilience and growing acceptance of cryptocurrencies as an asset class.

Altcoins Keep Trending Lower: Seasonal Dips Offer Buying Opportunities

As anticipated in our Monday newsletter, altcoins have seen a downturn. This pattern often extends from May through September, a typical seasonal slide.

Take a look how the market sells off around May and reverses toward the end of the year 👇️ 

As Mr. Beamish says:

THE SECRET

Token Unlocks — A Secret Catalyst for Market Volatility

When new cryptocurrency projects launch, not all their tokens are immediately available.

Think of it like cookies baking in the oven. Just as some cookies are ready to eat quicker, others need more time to bake. Similarly, not all cryptocurrency tokens are available right off the bat.

Some are locked up for creators, early investors, or held in smart contracts, set to be unlocked at a future date

Once these Tokens are unlocked they increase the circulating supply. Potentially impacting the token's value.

Unlocks are designed to stabilize the market and foster long term adoption. But not all unlocks are created the same.

Types of Unlocks

• Regular Token Unlocks — Sudden release of tokens under predetermined conditions

• Vesting — Gradual release to encourage long-term holding,

Why Should you care?

Because they can forecast potential price drops or spikes!

• Predict price impacts — if a large number of tokens are set to be released you should consider adjusting your holdings 🏃 💨 
  

• Evaluate Commitment — Check how many tokens are held by developer teams or early investors. Anything above 20% of the total supply, should set off alarm bells in your head 🚨 

  

• Time Investments Strategically: Plan investment around unlock events to potentially benefit from market movements.
  

TOOLS

Tools of the Trade

There are many tools out there but the best is TokenUnlocks

They really hit the nail on the head with that name, didn’t they?

There you'll find a list of tokens that are set to have tokens released. You can also search for specific tokens.

Plus, you can explore detailed insights on each token, like the percentage of unlocked supply, release history, vesting schedule, and distribution among early investors.

Now that I have given you the tool, let me show you why its so powerful!

CASE STUDIES

Impacts of Token Unlocks

Lets take a look at how price can react to Token Unlocks. Below is a list of altcoins that unlocked their tokens in 2023:

$DYDX — Dropped 36% 👇️ 

Investors that were aware of the unlock of $DYDX, were better prepared for the drop in price.

In moments like these, our Vault members gain a distinct advantage. They receive early signals on whether to buy, sell, or hold.

$IMX — Dropped ONLY 9.8% 👇️ 

Not all altcoins are going to drop like $DYDX did.

$IMX only dropped by 9.8%, this reveals that there was a large appetite for IMX. Meaning:

• If you were holding, continue to hold and take profits on the way up as a reversal is likely

• If you were looking to get in, look to enter once price comes down.

FEEDBACK

That's all for this week! We’ve dived into the intriguing world of token unlocks and how they can impact your portfolio.

Armed with the right tools like TokenUnlocks, you're set to navigate the market with confidence.

Did you find this info useful? Got any topics you’d like us to cover next? We’d love to hear from you—your feedback drives our content!