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Bullish thesis will be validated if BTC’s price is able to close above the $26,850 within the next 24 hours.
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Between 2013 and 2022, 2,383 crypto coins failed.
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Lack of demand for tokens was identified as the primary reason for failure.
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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.
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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.
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Notably, OP and 1 INCH will see $618 million and $100 million unlocked respectively.
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