AEVO, Arbitrum, Render token will open as BitBot increases.
Popular cryptocurrencies are on the sidelines as investors wait for upcoming token launches that will lead to more liquidity. Arbitrum's ARB token was trading at $1 on Sunday, down more than 58% from its 2023 high, and near its lowest swing since December 1 last year.
A high token will open in the future.
AEVO, the newly launched token, dropped to $1.20, its lowest level on record. It has fallen more than 68 percent from its peak this year.
On the other hand, Render Token (RNDR) has defied gravity as other cryptocurrencies have slipped. It jumped to a high of $11.5, its biggest swing since March 27. It rose more than 75% from its low in April, helped by increased demand for artificial intelligence (AI) assets. This year is approaching its peak.
These cryptocurrencies will be in focus this week as investors focus on their upcoming token launches. A token launch is when additional coins are released into the market as part of Tokinomics. These openings will lead to a real color by introducing the tokens to the market.
According to data from TokenUnlocks, AEVO will release more than 827,000 tokens on May 15. If the figure is correct, then the network will be oversupplied.
Arbitrum, the largest layer-2 network in the market, will have a token launch event on May 16. More than 92.6 million tokens will be released, which is a huge figure given that there are more than 2.6 billion tokens in circulation.
Render, a platform offering decentralized GPUs, will launch a demo on Friday. It will release over 8.4 million tokens, equivalent to 0.20% of the supply.
Other popular networks that will soon launch tokens are Aptos (APT), Pendle, ApeCoin, Manta and Oasis Network.
The BitBot token sale is underway.
Meanwhile, BitBot, an upcoming blockchain platform, is doing well as its token sales increase.
It has raised more than $3.3 million from international investors, according to information on its website. This figure makes it one of the most popular brands in the market. It has now entered the 13th stage, which means that the token sale is coming to an end. The last part of the sale will be the 15th stage.
BitBot is a platform that wants to be a leading player in the crypto trading industry. It offers a Telegram bot that helps thousands or millions of people trade these assets per day.
BitBot will be a unique Telegram bot for three main reasons. First of all, in addition to the usual technical analysis, it will have special artificial intelligence features that are expected to increase accuracy.
Secondly, the network will be non-custodial, which means that it will not have user data and funds. Third, it is powered by $BITBOT, a crypto token that has additional features such as revenue sharing and management features. You can buy $BITBOT token here.
