18M ADA Tokens Unlocked: What It Means for Cardano’s Market Position!

October 2, 2024
·
4 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Cardano (ADA) is getting ready for a big event. In early October, 18.53 million ADA tokens will be unlocked, which is about 0.5% of the total ADA supply. This is a huge moment for the crypto market and Cardano's market position. But what does this unlock mean for Cardano ADA and its price?

In this article, we'll look at how the ADA token unlock could affect the Cardano price. We’ll also see how it could impact the long-term growth of Cardano in the cryptocurrency space.

Cardano Unlocks 18 Million ADA Tokens: A Game Changer for the Market?

Cardano will unlock 18.53 million ADA tokens on 2nd October, making up 0.5% of the total supply. This token release is estimated to be worth around $7.37 million. This event has created a lot of excitement in the Cardano crypto community. Many are wondering how this will impact the Cardano price.

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ADA crypto is expected to have more liquidity after this unlock, and that could make Cardano more attractive. The Cardano USD value might move a lot in the short term as the market adjusts to the new supply, but many experts believe Cardano will come out stronger.

How the ADA Token Release Could Reshape Cardano’s Market Position

Unlocking so many tokens could change Cardano's position in the cryptocurrency market. The extra tokens will add more liquidity and give more people a chance to stake and use ADA tokens for governance. This will support Cardano’s market position and help it grow in the long run.

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Even though there might be short-term price shifts, Cardano has strong fundamentals. The blockchain has reached the milestone of 100 million transactions, and its recent hard fork has improved the network even more. This could help Cardano ADA stay competitive in the growing crypto market.

What the 18 Million ADA Unlock Means for Cardano’s Long-Term Market Outlook

In the long run, the ADA token unlock will likely have a positive impact on Cardano's market. The extra tokens will boost liquidity, and many are watching closely to see how this affects the Cardano price.

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With these tokens becoming available for staking and governance, more holders might be interested in ADA crypto. Cardano could see more participation from both small and large market players, pushing the Cardano market cap higher.

The Cardano price is currently at $0.3582, reflecting a 6.80% decline in the last 24 hours. This has led to increased attention in the Cardano news, with many focusing on the upcoming Cardano price prediction. Analysts are keeping a close eye on Cardano prediction trends, and some Cardano courses suggest potential price recovery in the near future, depending on market conditions and future developments.

Minotaurus ($MTAUR): A Promising Addition to ADA Holdings

The upcoming token unlock has already made some ADA holders worry about the token’s future. To mitigate the risks of downward pressure on the coin, savvy players are exploring alternatives. One such pick that attracted attention of Cardano holders is Minotaurus ($MTAUR), now in presale. As of now, $MTAUR is offered at a 70% cut from the listing price of $0.00020 — for $0.0000596 per coin. If you join today, you could see your deposit grow by around 236% when $MTAUR goes live. Those who got in at the presale start price of $0.000040 have already experienced a 50% rise. 

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$MTAUR isn’t just another short-lived token—it has real value in the Minotaurus game, letting players unlock avatars, boosters, special zones, and more. You can also enjoy referral bonuses when you bring friends on board. Plus, the casual gaming industry is booming, with high demand driving annual growth of around 9%. 

The project’s tokenomics ensure long-term stability through cliff and vesting periods that maintain the supply-demand balance. Only 2% of tokens are reserved for the team, while 10% goes back to the community in incentives. The upsides look compelling, and folks are eagerly joining in, encouraging others to do the same. The presale token pool shrinks with each day, and the price keeps climbing. Thus, it’s wise to get in at your earliest convenience.

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Conclusion

The release of 18.53 million ADA tokens is a major event for Cardano. While the Cardano price might fluctuate in the short term, the long-term outlook remains positive. This unlock will help Cardano coin grow stronger and stay competitive in the cryptocurrency space.

Meanwhile, savvy players are looking at alternatives to boost their ADA holdings. Minotaurus ($MTAUR), a new Web3 gaming presale, offers a ~236% uptick for today’s buyers post listing. To make the most out of this opportunity, it’s best to act now.

Learn more about Minotaurus:

Website: http://minotaurus.io/

Announcements: https://t.me/minotaurus_official

Chat: https://t.me/minotaurus_chat

Twitter: https://twitter.com/minotaurus_io

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

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