Altcoin Prices Face Potential Drops
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August is anticipated to be a busy month for the altcoin market, as numerous cryptocurrencies have significant token unlocks planned. The total value of these token unlocks surpasses $580 million. Such substantial increases in supply often lead to price declines for the affected altcoins.
The increases in supply can create downward pressure on prices as more tokens become available in the market.
Investors and traders should monitor these developments for their potential impact on altcoin prices.
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