Here some analysis of coins:
2024 is off to a staggering start in the world of altcoins, with a flood of new tokens hitting the market. This year alone, we're seeing a massive $8.6 billion in new liquid supply entering circulation, and a staggering $70.5 billion slated to be unlocked over the next few years.
One striking aspect of this surge is the low float rate, with the average market cap-to-fully diluted valuation ratio of these fresh tokens sitting at just 13.6%. In other words, a lot of value is still waiting to be unlocked.
Yet, what we're witnessing is only the beginning. The cryptocurrency space is abuzz with new projects, and the rapid growth in supply is driven by innovations in several key areas:
- **Modular infrastructure**
- **Bridges and cross-chain messaging**
- **LRTs (Liquidity Rebalancing Tokens)**
- **EigenLayer**
- **Layer 1, Layer 2, and even Layer 3 solutions**
- **Perpetual decentralized exchanges (Perp DEXes)**
To top it off, the 2023 token cohort is also unlocking this year, with many vesting periods reaching their cliffs and releasing additional supply.
If you're into altcoin investing for the mid to long term, buckle up. With so many new tokens and vast amounts of supply hitting the market, navigating this landscape will require a keen eye and a strategic approach.
Good luck!
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