You must know these four pieces of news!
In the currency circle, you must have advanced information to make a layout
1. NVIDIA earnings report
ChatGPT was launched in November 2022, sparking excitement in the field of artificial intelligence. With the rapid rise in Nvidia's stock price, AI-focused altcoins such as AGIX, FET, and RNDR have also seen huge gains. During the Nvidia event, the value of AI altcoins increased significantly.
On May 22, NVIDIA's latest financial report is about to be released. The report is expected to exceed expectations, and we may see a rise in AI-focused altcoins in 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 of 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 could announce its rejection decision as early as Friday.
On the other hand, trillion-dollar giants such as BlackRock and Fidelity could also face early rejections 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, depending on overall market conditions.
3. AVAX unlocking event
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 inflation data is also bad next week, the current price of $33 could plummet to $19 due to the negative impact of this news.
4. Launch of ASI
On May 24, a new artificial intelligence altcoin called ASI is about to be launched. FET, AGIX, and OCEAN are merging into one altcoin. While FET will be exchanged for ASI Coin at a 1:1 ratio, other situations are 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 conversion tokens 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, is likely to draw strong interest from those looking to diversify their assets.
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