- Crypto analyst Thor Hartvigsen calculated the Fully Diluted Valuation of altcoins and identified tokens that could face selling pressure.
- Hartvigsen noted that four months into 2024, there is a massive increase in the supply of several altcoins.
- New tokens expected to be launched this year, alongside unlocks could push supply higher.
Thor Hartvigsen, investor at Heartcore Capital and a crypto analyst has identified a list of cryptocurrencies that are expected to see a massive increase in their supply. Typically, an increase in selling pressure negatively impacts an asset’s price.
Crypto tokens likely to battle selling pressure
Thor Hartvigsen, Blockchain and DeFi investor has evaluated altcoins and their supply. Four months into 2024, the analyst notes that there has been a massive increase in the supply of altcoins. Hartvigsen has made a list of altcoins:
Cryptocurrencies evaluated by…
