There are important developments to watch out for in the cryptocurrency and Forex markets this week. This process brings opportunities and risks for investors and traders. Here are the highlights of this week:
What Will Happen This Week?
Monday, November 25
1INCH Unlocking: 4.95% of 1INCH tokens, or 27 million USD worth of tokens, will be released. This large amount of unlocking may cause price fluctuations. Investors should follow this development carefully.
Tuesday, November 26
FOMC Meeting Minutes: These minutes, which will be released at 22:00, may provide clues about the monetary policies of the US Federal Reserve (Fed). Investors will try to learn more about interest rates and economic growth estimates.
Starknet Staking Launch: Starknet, one of the Ethereum Layer 2 protocols, will launch its staking service. Users will have the opportunity to earn passive income by contributing to network security.
DYDX Unlocking: 0.63% of DYDX tokens, or $9 million worth of tokens, will be released. This unlocking may have an impact on the market.
ADA Unlock: 0.04% of Cardano (ADA) tokens, worth around $20 million, will be released. This could impact the ADA price.
Wednesday, November 27
US GDP Data: The Gross Domestic Product (GDP) data to be released at 16:30 will show the growth rate of the US economy. The expected growth rate is around 2.8%.
Core PCE Index: The US Core Personal Consumption Expenditure Index (PCE) data will be released at 18:00. This data, which is one of the main indicators of inflation, may have an impact on the central bank's future interest rate decisions.
ENA Unlock: 0.08% of ENA tokens, worth around $9 million, will be released. This development may have an impact on the price.
Thursday, November 28
US Stock Exchanges Closed: US stock exchanges will be closed for Thanksgiving and trading volume may be lower. This could lead to reduced volatility during the week.
FLOKI Valhalla Update: FLOKI will strengthen its network with the Valhalla mainnet upgrade. This update could shape the future of the project by introducing faster transactions and new features.
Friday, November 29
European CPI Data: In the Eurozone, the Consumer Price Index (CPI) data will be released. This data will show inflation rates in the region and may affect the monetary policies of the European Central Bank.
EDU Unlock: 1.92% of EDU tokens, worth approximately $11 million, will be released. This unlock may have an impact on the liquidity of the EDU token.
Saturday, November 30
OP Unlock: 0.56% of Optimism (OP) tokens, worth $53 million, will be unlocked. This unlock may cause price fluctuations for the OP token.
Sunday, December 1st
SUI Unlock: 0.64% of SUI tokens, approximately $230 million worth of tokens, will be released. This may increase SUI’s influence on the market and lead to price fluctuations.
This week will be a period in which key openings and economic data will be effective in the crypto world. In particular, FOMC and PCE data may shape expectations regarding inflation and interest rates. In addition, projects such as Starknet and FLOKI will present important developments in the field of blockchain technology and Web3.
