Stay Away from ID Coin and These 7 Cryptos Next Week!

The cryptocurrency market is preparing for a new paradigm shift, with massive expansions in the prices of certain tokens on the horizon. Token expansions refer to an event that allows previously locked tokens to be released and increases the supply. This potentially creates a bearish trend and pushes traders away from trading certain cryptocurrencies. A token opening worth $182.20 million is expected to take place next week. Let’s take a brief look at eight cryptocurrencies, including ID coin, that are likely to attract interest…

Watch out for ID coin and these cryptos next week

• Arbitrum (ARB): ARB is at the top of the list, trading at $0.9227 and falling 2.99% in the last 24 hours. ARB, which is expected to witness the opening of tokens worth $ 86.23 million, causes speculation that it may experience a price drop in the coming days due to the opening of 96.13 million ARBs on June 16, corresponding to 3.32% of the circulating supply.
• Space ID: Meanwhile, ID is trading at $0.5654 and has lost 4.15% in value in the last 24 hours. The cryptocurrency is facing a token expansion of ID 78.49 million, or $44.37 million, on June 22, corresponding to 18.23% of the circulating supply. This important opening may trigger a falling price movement for ID in the coming days.

• Pixels (PIXEL): While PIXEL is trading at $0.3621 today, down 3.84%, it is preparing for a token opening worth $19.65 million. Significantly, 54.38 million PIXELs, corresponding to 7.05% of the circulating supply, will be unlocked on June 19.
• ApeCoin (APE): APE, which has been trading at $1.05 with a decrease of 2.78% since yesterday, is preparing for a token opening worth $16.35 million, corresponding to 2.48% of the circulating supply. A total of 15.60 million APEs were opened on June 17, raising investors’ concerns about the token’s future price movements.
• Manta Network (MANTA): MANTA is trading at $1.27, losing 8.49% in value in the last 24 hours. The token is preparing for an expansion worth $10.8 million on June 18. Data shows that 7.87 million MANTAs will be released, accounting for 2.42% of the circulating supply.

• Render (RNDR): RNDR is trading at $8.05 today, down 2.56%. The token is preparing for an expansion worth $6.12 million on June 16. On the above mentioned date, 760.57K RNDR coins will open, corresponding to 0.20% of the circulating supply.
• NYM Coin: NYM cryptocurrency is trading at $0.1366, down 1.58% today. 2.96 million NYM, corresponding to 0.37% of the circulating supply, will be opened on June 17.
• Euler (EUL): The EUL token is preparing for an expansion of 88.98K coins, worth $386.16K, on ​​June 19. 0.48% of the circulating supply will be released.

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