The crypto market is bracing for a week of potential change, with several key events looming. The DeFi Investor has analyzed Bitcoin, Stacks (STX), SUI, and other top altcoins in anticipation of market-moving developments.
Besides, the analyst has shared insights on key factors that could impact digital asset prices in the coming days.
Bitcoin and AI Tokens Await Key Economic Data
Bitcoin remains the focus of investor attention. The imminent release of US GDP growth data on Thursday will influence BTC price activity. Economic data frequently have an impact in setting market opinion toward crypto.
The artificial intelligence sector of the cryptocurrency business is also being scrutinized. NVIDIA, a key player in AI hardware, will report profits on August 28.
This statement could have an impact on the values of AI-related tokens, demonstrating the growing confluence of traditional technology and crypto markets.
Crypto Watchlist for the week ahead:$BTC – US GDP Growth data will be released next ThursdayAI tokens – NVIDIA earnings will be revealed on Aug. 28. This may have an impact on the price of AI tokens$STX – The activation of Stacks's biggest upgrade yet (Nakamoto) starts on… pic.twitter.com/JXHkN6FaU4
— The DeFi Investor (@TheDeFinvestor) August 25, 2024
Stacks (STX) and XDEFI Brace for Major Updates
Stacks (STX) is preparing for a key milestone. The activation of its most substantial upgrade to date, known as “Nakamoto,” will begin on August 28. This development could attract investor interest and potentially affect STX’s market performance.
Crypto enthusiasts are buzzing about a potential launch in the DeFi space. Ctrl, a new version of the XDEFI Wallet, has rumors that it will enter its alpha phase next week.
This upgrade aims to boost the user experience for multichain interactions, potentially boosting the XDEFI ecosystem.
Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
Meet PandaWorld, the new meme coin currently selling at discounted presale prices! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.
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Read also: How Will Ripple’s XRP Price Hit $3 in the ‘Upcoming Months’
GammaSwap and SUI Prepare for Key Events
GammaSwap will make waves with its upcoming token event. The platform will commence its $GS LBP (Liquidity Bootstrapping Pool) on August 30 via its official website. This launch could attract attention from DeFi investors looking for new opportunities.
Sui holders are on alert as a substantial token unlock approaches. Besides, approximately $62 million worth of SUI tokens are set to be released on September 1. Such events often lead to increased market activity and potential price shifts.
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