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GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus


by CoinEdition
GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus
  • SAGA has 94% of its supply locked, indicating future selling pressure as tokens unlock.
  • XAI remains bearish with 60% of its supply locked, posing future volatility risks.
  • IMX shows strength with only 25% of its supply locked and steady price gains.

With the GameFi sector picking up steam, a look at how key projects distribute their tokens shows a range of future supply unlocks.

Token Unlocks on an X post shows that Saga (SAGA), Xai (XAI), Immutable (IMX), and The Sandbox (SAND) have very different amounts of locked tokens, which could affect how their prices move.

Saga (SAGA) is still early in its token distribution. With 94% of its total supply locked up, the project has plenty of room for future token releases. This large locked supply means SAGA could face increased selling pressure as these tokens gradually become available.

Despite this, the market seems positive, with SAGA’s price up 8.07% in the past day. It’s currently trading at $1.39, with a market cap of $138.7 million and a 24-hour trading volume of $46.8 million. The daily chart for SAGA shows a recent bullish reversal, with the price climbing above the 9-day EMA and the RSI at 52.01, s…

The post GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus appeared first on Coin Edition.

Read the article at CoinEdition

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GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus


by CoinEdition
GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus
  • SAGA has 94% of its supply locked, indicating future selling pressure as tokens unlock.
  • XAI remains bearish with 60% of its supply locked, posing future volatility risks.
  • IMX shows strength with only 25% of its supply locked and steady price gains.

With the GameFi sector picking up steam, a look at how key projects distribute their tokens shows a range of future supply unlocks.

Token Unlocks on an X post shows that Saga (SAGA), Xai (XAI), Immutable (IMX), and The Sandbox (SAND) have very different amounts of locked tokens, which could affect how their prices move.

Saga (SAGA) is still early in its token distribution. With 94% of its total supply locked up, the project has plenty of room for future token releases. This large locked supply means SAGA could face increased selling pressure as these tokens gradually become available.

Despite this, the market seems positive, with SAGA’s price up 8.07% in the past day. It’s currently trading at $1.39, with a market cap of $138.7 million and a 24-hour trading volume of $46.8 million. The daily chart for SAGA shows a recent bullish reversal, with the price climbing above the 9-day EMA and the RSI at 52.01, s…

The post GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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PENGU Could Rally 38% if One Key Price Resistance Breaks

After a strong 26% gain over the past week, Pudgy Penguins (PENGU) is now hovering ju...
Senate Shakes Up Crypto With Major New Market Structure Draft

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The Senate Banking Committee has released the Responsible Financial Innovation Act dr...