Between 2013 and 2022, 2,383 crypto coins failed.

Lack of demand for tokens was identified as the primary reason for failure.

The tokenomics insights page Token Unlocks noted in a tweet published earlier today that there will be more than $850 million worth of tokens unlocked this week.

Optimism (OP) and 1inch Network (1INCH) will see the largest dollar values unlocked this week, with $618 million worth of OP and $100 million in 1INCH being unlocked in the coming days.

Notably, OP and 1 INCH will see $618 million and $100 million unlocked respectively.

This is due to the impact of news surrounding any year of Bitcoin halving.

the consolidating market in 2027 could be followed by a bullish run.

In 2028, there will be a Bitcoin halving.

USDT saw $809 million in exchanges, while only $630.4 million was withdrawn.

While $310 million ETH entered exchanges, a staggering $1.1 billion was withdrawn.

Bitcoin and Ethereum witness substantial net outflows from exchanges.

Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down from 4.05% in May 2022.

In the past 12 months, Circle's USD Coin (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing.

Dogecoin was developed by software developers Billy Markus and Jackson Palmer as a joke to mock what many saw as an irrational investment hype surrounding cryptocurrencies.

Memecoins, or meme cryptocurrencies, started as a cultural phenomenon with the launch of Dogecoin (DOGE) in 2013, inspired by an internet meme and a critique of the wild crypto market at the time.

The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.

BTC’s price is at risk of dropping back down to the next crucial support at $26,350.

Bullish thesis will be validated if BTC’s price is able to close above the $26,850 within the next 24 hours.

ETH was trading just below its daily high of $1,817.16.

The altcoin market leader was worth about $1,814.41 after it experienced a 1.61% price increase over the past 24 hours of trading.