In the cryptocurrency world, you need to have advanced information to be suitable for layout
1. NVIDIA earnings report
ChatGPT was launched in November 2022, sparking excitement in the AI space. Along with the rapid rise in Nvidia’s share price, AI-focused altcoins such as AGIX, FET, and RNDR also saw huge gains. AI altcoins saw a significant increase in value during the Nvidia event.
On May 22, NVIDIA’s latest earnings report is coming out. The report is expected to beat expectations, and we may see a rally in AI-focused altcoins over the next 10 days. In fact, RNDR is experiencing this.
2. Spot Ethereum ETF Decision
The day of the final decision has arrived. The final decision for VanEck and Ark will be made on May 23-24. The market gives a 14% chance, so the SEC is expected to reject these ETFs. Due to this anxiety, the price of ETH may fall further. In addition, the SEC may announce its rejection decision as early as Friday.
On the other hand, trillion-dollar giants like BlackRock and Fidelity could also face early rejection in July and August. If there is no collective rejection decision for the pair, the price of ETH could start pricing in a few months later, depending on overall market conditions.
3. AVAX unlocking activity
There is no need to elaborate too much on this subject. With annual inflation reaching double digits, the price of AVAX is under severe pressure. On May 22, an additional 321 million will be unlocked. If the inflation data next week is also bad, the current price of $33 may plummet to $19 due to the negative impact of this news.
4. Launch of ASI
On May 24th, a new AI altcoin called ASI is launching. FET, AGIX, and OCEAN are merging into one altcoin. While FET will be swapped 1:1 to ASI Coin, the rest is different. As the transition date approaches, trading volume may increase due to those who are waiting or not waiting for the transition. Those who want more to convert the token may speculate on the price.
Since ASI Coin will be allocated 1:1 with FET, its price is expected to be close to FET after May 24. This new basket of tokens, similar to an ETF pegged to three altcoins, may attract strong interest from those who want to diversify their assets. #BTC