🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
From Nov. 28 to Dec. 1, the dYdX ecosystem will unlock 150 million DYDX tokens. This amount, which is equivalent to $521 million (USD), represents nearly 85% of the currency's circulating supply. This is shown by the data from the TokenUnlocks browser.
The majority of these DYDX tokens had been locked by investors (46% of the circulating supply), founders, employees, advisors and consultants (25%), and future employees (11%). Meanwhile, the rest is from trading rewards (0.88%) and liquidity provider (0.32).
This means that there could be downward pressure on the DYDX market should those who receive the tokens sell them. That is why, before unlocking a crypto asset, sometimes some of its holders tend to get rid of their coins for fear of perceiving a depreciation. And that may be what is happening now.
The price of DYDX has been going down on the approach of the massive token release. It registered a 15% drop in the last three days, going from trading at $3.73 to $3.17