The crypto market is entering its final bearish month of the year as investors brace for a major shift in policy by the US Fed. Projects like Avalanche (AVAX) are also facing elevated concerns like token release and decreased investor sentiment. Additionally, legacy projects like Bitcoin Cash (BCH) are at risk of decreased market share from more innovative projects that are launching in the market.
Read on to learn more about the future trajectory of Avalanche (AVAX) after the unlocks and what the future holds for other promising altcoins.
Bitcoin Cash (BCH) Gets Labeled Legacy Project
While Bitcoin Cash (BCH) was once considered to be one of the hottest crypto projects in the market, it has significantly fallen from its position. The Bitcoin spinoff has crashed massively in the past 24 hours, with a 6.36% decline. On the monthly charts, the situation seems even more challenging as BCH has bled away over 25% of its value.
Experts have identified a shift from investors toward other promising projects as the reason for this decline. Bitcoin Cash (BCH) has failed to innovate or offer features and also has struggled with security concerns, unlike Bitcoin. With this uncertain outlook, investors are now embracing modern projects with a much higher growth potential.
Avalanche Token Unlocks Rattle Investors in Recent Crash
The Avalanche Foundation (AVAX) has faced massive criticism for the project’s tokenomics. Investors have been facing extensive selling pressure from a series of token unlocks that are dumping millions of dollars worth of supply on a monthly basis. The most recent token unlock event has unleashed another 9.5 million AVAX tokens into the supply, with a sizeable chunk going to the team.
As a result, Avalanche (AVAX) has fallen over 8.5% and is currently trading at $24.09, with the bearish trend showing no signs of slowing down. With over 1.33% of AVAX’s supply entering the market, experts are concerned that existing Avalanche investors could lose out on a massive chunk of their investment value due to dilution.
IntelMarkets (INTL) Poised to Take Huge Chunk of $500B Industry
While Avalanche (AVAX) and Bitcoin Cash (BCH) are going through extended periods of bearish sentiment, a new trading platform is quietly building the foundations of the next technological revolution.
IntelMarkets (INTL) is a cutting-edge trading platform that is focused on transforming the global crypto trading industry. The team behind the project originates from Fortune 500 companies like Google, Goldman Sachs, and Renaissance Technologies and is focused on providing retail traders with access to enterprise tools.
Experts have lauded IntelMarkets (INTL) for features like the Intell-Array analysis that aggregates data from over 2,500 feeds and actively processes over 100,000 datapoints using machine learning technology. Additionally, the platform also offers trading robots that actively evolve by learning from your trading mistakes.
As a result, IntelMarkets (INTL) is proving to be a major hit. The platform has raised $170,000 in its ongoing presale within days and has surpassed 1,400 Signups in record time. The $0.009 price in Stage 1 could result in a 10x ROI once the platform reaches the listing stage.
Hence, if you’re looking for an innovative platform, this could be the perfect time to check out the IntelMarkets platform.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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