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Crypto To Sell In Next Week’s Trades As Price Risks Drop

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The crypto universe is set to witness a shift in market sentiments surrounding 13 coins, primarily due to massive token unlocks ahead. Traders and investors remain cautious as a colossal supply surge for these tokens looms over the horizon. Meanwhile, the 13 coins that are primed to witness this saga are Sui, Optimism, Immutable, ZetaChain, dydx, Maverick Protocol, Cardano, Ethena, Galxe, Manta Network, Liquity, 1inch, and Forta.

Market watchers are taking a bearish stance on these assets’ price action ahead, urging a selloff sentiment for them across the broader market.

13 Crypto To Sell On Risks Of Token Unlocks

Aligning with TokenUnlocks data, here’s a brief collection of the coins that are set to face unlocks in the imminent week and why market participants should steer clear of trading these assets.

Sui

SUI remains poised to witness an unlock of 68.79 million coins on October 1. Notably, 64.19 million coins are a part of cliff unlock, whereas 4.5 million SUI are a part of linear unlock on the same date. The unlock totals 2.47% of the coin’s circulating supply, posing a threat to the price ahead. SUI price traded at $1.64 today, down nearly 3% as of writing.

Optimism

OP is set to face a cliff unlock of 31.34 million coins, worth approximately $58 million, on September 30. This massive unlock equals 2.5% of Optimism’s circulating supply, raising investor concerns. OP price today gained nearly 4% to reach $1.86. The coin’s intraday low and high were $1.79 and $1.94, respectively.

Immutable

IMX prepares to witness a supply increase of 32.47 million coins, worth $57 million, with its token unlock on October 4. The unlock is equivalent to 2.02% of the asset’s circulating supply. IMX price today dropped nearly 2% to $1.76. The coin’s intraday low and high were $1.73 and $1.83, respectively.

ZetaChain

ZETA stands strong to face an unlock of 54.89 million coins, worth roughly $40.39 million, on October 1. This unlock is equivalent to a whopping 13.68% of the token’s circulating supply. Nevertheless, ZETA price today soared nearly 7% to $0.743. The crypto’s intraday low and high were $0.6836 and $0.7743, respectively.

dydx

DYDX will experience a cliff unlock of 9.88 million coins, worth $10 million, on October 1. This unlock totals 1.57% of the asset’s circulating supply. DYDX price today traded at $1.06, down nearly 1% from yesterday. The coin’s intraday low and high were recorded as $1.04 and $1.1, respectively.

Maverick Protocol

MAV remains poised to face an unlock of 39.87 million coins, worth $9.5 million, on October 1. Notably, 36.40 million coins will be unlocked as a part of cliff unlock, whereas 3.47 million MAV will be unlocked as a part of linear unlock. These unlocks, as a whole, total a whopping 10.47% of the coin’s circulating supply, posing a significant threat to the asset’s price. MAV price today traded at $0.240, up nearly 1% in the past 24 hours.

Cardano

ADA is primed to experience the unlock of 18.53 million coins, worth approximately $7 million, on October 2. This unlock equals 0.05% of the coin’s circulating supply. ADA price today traded at $0.399, down nearly 1% over the past day. The crypto’s 24-hour low and peak were recorded as $0.3936 and $0.4094, respectively.

Ethena

ENA readies for a cliff unlock of 14.89 million coins, worth $5 million, as of September 29. The cliff unlock totals 0.78% of the coin’s circulating supply. ENA price today jumped nearly 2% to $0.3588. The token’s intraday low and high were $0.3469 and $0.3732, respectively. Ethena Labs recently announced UStb stablecoin launch backed by BlackRock and Securitize.

Galxe

GAL is set to face an unlock of 2 million coins worth $5 million as of October 1. The unlock totals 1.57% of the crypto’s circulating supply. GAL price dipped nearly 3% today to trade at $2.37. Its 24-hour low and high were recorded as $2.33 and $2.50, respectively.

Manta Network

MANTA is readying for an unlock of 3.07 million coins, worth $3 million, on September 30. This unlock is equivalent to 0.8% of the total circulating supply. MANTA price today traded at $0.914, down 3.27% over the past day. The coin’s intraday low and high were $0.8841 and $0.9676, respectively.

Liquity

LQTY prepares for an unlock of 531.37K coins on October 4. The unlock equals 0.5% of the crypto’s circulating supply. However, LQTY price today gained nearly 4% to $0.983. The coin’s 24-hour low and peak were $0.9408 and $1.02, respectively.

1inch

1INCH prepares for a minimal unlock of 302.14k coins on September 30. The unlock is equivalent to 0.02% of the coin’s circulating supply. 1INCH price today traded at $0.304, down roughly 1% in the past 24 hours. The coin’s intraday low and high were $0.2957 and $0.3198, respectively.

Forta

FORT is set to witness an unlock of 2.66 million coins, with 2.61 million coins as a part of linear unlock and 50K coins in cliff unlock on September 29. This unlock totals 0.5% of the coin’s circulating supply. FORT price today traded at $0.128, up nearly 1% from yesterday. The coin’s 24-hour low and high were $0.1263 and $0.1311, respectively.

As mentioned above, in the coming week, 13 crypto tokens stand poised to witness a massive supply surge due to token unlocks. Notably, token unlock refers to a phenomenon wherein previously locked coins are released into the market strategically and periodically. However, this chronicle stages as a bearish aspect for assets’ prices as a supply surge induces a negative market sentiment, abiding by the law of supply and demand. Market watchers continue to stay bearish on these assets due to the abovementioned unlocks.

In addition, an X post by the Token Unlocks App revealed that a whopping $3.4 billion worth of crypto is to be unlocked in October. Apart from the abovementioned coins, Celestia (TIA), Worldcoin (WLD), and Solana (SOL) are to face massive unlocks ahead.

As per the data, TIA will face an unlock of $1.12 billion coins, WLD will face an unlock of $336.31 million worth of coins, and SOL will take the heat of $360.80 million worth of unlock in the coming month. Concerning this, traders might consider these tokens as crypto to sell ahead to avoid losses.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Cardano Price Eyes Massive Pump In May Following Cyclical Patern From 2024

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Cardano price is repeating a pattern from 2024 that experts say is a signal for a massive pump in the coming weeks. While present figures are largely underwhelming for ADA, investors are brimming with confidence for a strong reversal in the near future.

Cardano Price Can Reach $2.5 In May

According to pseudonymous cryptocurrency analyst Master Kenobi, Cardano price is exhibiting cyclical behavior. In a post on X, Master Kenobi notes that ADA’s consolidation in recent days mirrors its price action from Q3 of 2024.

At the time, Cardano’s price suffered a steep correction in early August and endured a lengthy consolidation period before rallying. Presently, Cardano’s price is consolidating after the deep in early February that sent prices to $0.49.

“ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” said Master Kenobi. “Since the dip on August 5, it hasn’t recorded a new low – just as it hasn’t now, following the dip on February 3.”

According to Master Kenobi, a lengthy consolidation phase will be the precursor for an impressive rally for Cardano’s price. The analyst theorizes that the incoming rally will send Cardano to impressive levels in May. In the short term, analysts are eyeing ADA to hit $1, citing rising whale activity and positive fundamentals.

“If this pattern holds, May could bring a massive pump, potentially pushing the price toward $2.5,” said Master Kenobi.

ADA Ripples With Bullish Activity

At the moment, Cardano price is trading at $0.6646, a far cry from its all-time high of $3.10. Despite the lull in price action, the ecosystem is brimming with bullish activity for higher valuation.

Investors have their eyes on $10 after ADA outperformed top S&P 500 companies in a strong show of resilience. Futhermore, increased whale activity in the space is signaling an impending rally for ADA as community sentiment reaches an all-time high.

Analysts have opined that an ADA rally to $10 is not a crazy prediction, citing a slew of positive fundamentals for the network. However, pundits are urging investors to brace for multiple corrections in the march to reach a valuation of $10.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Reveals Why The XRP Price Can Hit ATH In The Next 90 To 120 Days

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Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, he alluded to historical trends to explain why the altcoin can hit a new all-time high (ATH) in 90 to 120 days.

Why The XRP Price Can Hit ATH In 90 To 120 Days

In an X post, Egrag Crypto alluded to historical patterns to explain why the XRP price can hit a new ATH in the next 90 to 120 days. He noted that the RSI chart shows important historical patterns and stated that the altcoin usually has two peaks during its bull runs.

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The crypto analyst further revealed that in 2021, the second peak occurred after 90 days, while in 2017, it occurred after 120 days. Based on this, Egrag Crypto affirmed that this historical timeframe provides market participants with a potential for a “great opportunity,” hinting at the altcoin hitting a new ATH.

In another post, he raised the possibility of the XRP price reaching a new ATH of $3.9 by May. This came as he identified an Inverse Head and Shoulder pattern, which was forming for the altcoin. The crypto analyst stated that the measured move is $3.7 to $3.9.

For now, an XRP analysis has shown that the altcoin is struggling at $2.15 amid regulatory uncertainty over SEC Chair nominee Paul Atkins. In his update on this Inverse Head and Shoulder pattern, Egrag Crypto remarked that a close above $2.24, the Fib 0.888, is the next minor target. He affirmed that the pattern is still unfolding as anticipated.

Ripple’s Native Token Could Still Drop Below $2

Crypto analyst Dark Defender has predicted that the XRP price could still drop below $2 before the next leg up. In an X post, he stated that Ripple’s native token is in the 4th Wave of the Monthly Elliott Wave structure.

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His accompanying chart showed that XRP could drop to as low as $1.88 on this Wave 4 corrective move. Once that is done, the altcoin will witness its next leg up, rallying to as high as $5.8, which would mark a new ATH.

Dark Defender assured that Wave 4 will end soon and that XRP will continue to reach its targets. The crypto analyst recently affirmed that the altcoin is the “one” and explained why it would dominate Bitcoin and Ethereum.

Crypto analyst CasiTrades also suggested that XRP could further decline before its next leg to the upside. She noted that after the drop to $2.27, the altcoin showed no bullish RSI divergence, which signaled that the drop wasn’t quite done yet.

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She added that the coin is now likely heading down to test the 0.618 golden retracement at $2.17, or possibly the golden pocket at $2.15 for a final low before “lift-off.” However, CasiTrades also mentioned that RSI is starting to build the bullish divergence and that the selling pressure is exhausting.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Gemini Crypto Exchange Announces Rewards For XRP Users, Here’s How To Get In

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions. Here’s a look at the program details and the steps required to join. 

Gemini Founder Unveils XRP Cashback Rewards

On March 27, Tyler Winklevoss reminded the XRP community and Ripple army on X (formerly Twitter) that they can earn rewards in the token whenever they use the Gemini Credit Card for purchases. The Gemini credit card, launched in partnership with Mastercard in 2021, allows users to choose cryptocurrencies from Bitcoin, Ethereum, XRP, and over 50 other digital assets for cashback.

Since adding XRP to its long portfolio of crypto cashback offerings in August 2023, Gemini has continued to support the third-largest cryptocurrency as an option for crypto enthusiasts. The Credit Card reward information announced by Winklevoss was well received by the XRP community.

He explained that the Gemini Credit Card allows users to earn crypto back each time they spend fiat. He clarified that this feature is only available to residents in the United States (US) currently. The Gemini founder also revealed that he has been using the Credit Card for years and has had a great experience accumulating significant crypto rewards from the cashback program.

Gemini’s Credit Card offers tiered cashback rates depending on the purchase categories. A 4% XRP cashback is offered on gas and EV charging, with up to $200 monthly. A 1% XRP cashback is available for fuel and EV charging after exceeding the monthly limit. Finally, a 3%, 2%, and 1% XRP cashback is provided for dining, groceries, and other purchases, respectively. 

As XRP continues to push for widespread adoption, this Gemini cashback reward program strengthens its utility and encourages greater usability and investments. 

XRP is currently trading at $2.13. Chart: TradingView

Notably, Gemini isn’t the only crypto exchange embracing XRP in its rewards programs. Platforms like WhiteBIT and Bit2Me have also introduced similar programs. By offering an XRP cashback, Gemini and other crypto exchanges can make crypto more accessible, encourage faster adoption, and reinforce XRP’s role as a digital payment solution

How To Participate In Gemini’s XRP Cashback

Gemini has specified that users interested in earning XRP rewards from Gemini’s cashback program must first qualify for the exchange’s Credit Card, which depends on their credit score. Approved applicants must secure their cards by June 30, 2025, to participate in the promotional offer. 

The crypto exchange also stated that new cardholders could earn up to $200 in XRP cashback if they spend at least $3,000 within the first 90 days. Once earned, the XRP reward will be automatically deposited into their trading accounts on Gemini, enabling users to hold, trade, or sell whenever they wish. The Credit Card also comes with no extra annual, exchange, or foreign transaction fees, allowing crypto users to grow their portfolios continually. 

Featured image from SCMP, chart from TradingView

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