– Dealer Joe’s token unlock occasion will happen on 3 Could, with a day by day unlock of 54,000 JOE tokens.
– Regardless of JOE’s latest downtrend, different metrics have all elevated.
The thrill round Dealer Joe [JOE], a decentralized trade (DEX) on Avalanche [AVAX] and a number of other different chains, has been exhausting to disregard these days. Nevertheless, all eyes are about to be on the mission’s native token because it gears up for its upcoming unlock.
Learn Dealer Joe’s [JOE] Worth Prediction 2023-24
Dealer Joe broadcasts unlock date
Token Unlocks shared that Dealer Joe was making ready to unlock the remaining tokens that have been beforehand locked. As per their knowledge, solely 3% of the full token was nonetheless locked. The overall quantity of locked tokens stood at roughly 16.68 million, valued at round $10.42 million on the time of writing.
Supply: Token Unlocks
In nearly 16 days, round 3 Could, the much-anticipated unlock occasion for Dealer Joe’s tokens will happen. Curiously, the unlock can be linear, implying {that a} particular variety of tokens can be unlocked at every interval and never unexpectedly.
Particularly, there can be a day by day unlock of 54,000 JOE, translating to over $33,000. As of this writing, there have been over 483 million JOE tokens in circulation, valued at greater than $301 million.
Joe v2 sees uptrend in quantity and TVL
Dealer Joe has considerably upgraded its Liquidity E-book, the automated market maker used for buying and selling. The improve consists of the introduction of auto-pools, which robotically handle depositors’ energetic positions in high-yield liquidity swimming pools to scale back danger.
Moreover, the trade launched a brand new rewards program that rewards those that take part in Dealer Joe’s concentrated liquidity by distributing tokens to them.
The latest launch of Dealer Joe v2 has yielded spectacular outcomes, with notable enhancements in key metrics. In keeping with DefiLlama, the Whole Worth Locked (TVL) on Joe v2 has been on an upward development since March.
Though a slight dip was noticed in April, the TVL rapidly resumed its upward development. As of this writing, it was at a powerful $57.3 million, most of which got here from the Avalanche chain.
Supply: DefiLlama
Moreover, the platform has skilled an uptick in buying and selling quantity because the spike noticed in March. Presently, the commerce quantity has surpassed $66 million, reflecting the platform’s rising reputation and elevated consumer exercise.
Moreover, the active user metrics additionally posted some first rate numbers. Nevertheless, the extent of uptrend that was seen in its quantity and TVL was absent.
Dealer Joe [JOE] on a day by day timeframe
Taking a better take a look at JOE on a day by day timeframe, the token confirmed a downward development. As of this writing, JOE was buying and selling at round $0.62, representing a lower than 1% loss. Regardless of this plunge, the general development for JOE was nonetheless bullish.
Supply: TradingView
How a lot are 1,10,100 JOEs value at present?
The Relative Power Index (RSI) was nonetheless above 65, which urged that the present transfer may very well be a correction in value fairly than a big change in development. General, monitoring JOE’s value actions within the coming days is essential.
Given the exercise degree on Dealer Joe’s platform, the upcoming unlock might not negatively influence JOE’s value. The linear mannequin employed within the unlock course of additionally means that JOE’s value might even see common exercise come Could, which might assist stabilize the token’s worth.
