𝟱 𝗖𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝗶𝗲𝘀 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵 𝗖𝗹𝗼𝘀𝗲𝗹𝘆 𝗶𝗻 𝘁𝗵𝗲 𝗡𝗲𝘄 𝗪𝗲𝗲𝗸 𝗮𝗻𝗱 𝗪𝗵𝘆
According to analyst The DeFi Investor, as the cryptocurrency market enters the new week, there will be important developments in some altcoins and these should be followed closely.
Here are the altcoin trends to watch in the new week:
🔺 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗧𝗵𝗲𝗺𝗲: 𝗢𝗣, 𝗟𝗗𝗢, 𝗘𝗧𝗛𝗙𝗜
Ethereum is starting to strengthen, which could bode well for related tokens such as OP, LDO, and ETHFI.
🔺 𝗧𝗵𝗲𝘁𝗮 𝗡𝗲𝘁𝘄𝗼𝗿𝗸: 𝗧𝗛𝗘𝗧𝗔
Theta Network is preparing to launch EdgeCloud on May 1. EdgeCloud is a hybrid cloud computing platform that could potentially impact the market and increase interest in THETA.
🔺 𝗕𝗶𝘁𝗰𝗼𝗶𝗻: 𝗕𝗧𝗖
The FED will announce its next interest rate decision on Wednesday and this announcement will affect all markets, including Bitcoin. In addition, Hong Kong will launch Bitcoin ETFs next week, which could bring new liquidity to the market.
🔺 𝗱𝗬𝗱𝗫:𝗗𝗬𝗗𝗫
On May 1, $70 million worth of DYDX tokens will be unlocked, representing 10.7% of the circulating supply.
🔺 𝗥𝗲𝗻𝘇𝗼 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹: 𝗥𝗘𝗭
Renzo Protocol is launching its token REZ on April 30. First, airdrops will be distributed to users who stake BNB or FDUSD on Binance.
