We have a big week ahead. Here's everything you need to keep track of:
1/ Open currencies
$391.1 million in a variety of cryptocurrencies will be unlocked this week.
▪ $141.9 million worth of MEME will be unlocked later today (31.9% of total circulating supply)
▪ $69.33 million worth of DYDX token will be unlocked on May 1 (11.1% of total circulating supply)
▪ $29.5 million worth of PRIME token will be unlocked on May 3 (4.43% of total circulating supply)
2/ Macro matters
A lot of important macro data will be released in the US this week...
The big event will be Wednesday when the Federal Reserve decides on interest rates.
Will it be uploaded or not? this is the question.
According to the CME FedWatch tool, there are...
97.1% probability of 'no change'
2.9% probability of 'reduction'
0% probability of 'raise'
Most experts believe interest rates will remain unchanged, but all eyes will be on Jerome Powell's word after the game. His tone, and any sign of future price cuts, will determine how markets react.
3/ Earnings reports
It's time again... earnings reporting season. Some of the biggest names in the world of technology are once again due to report this week.
Amazon and PayPal will report tomorrow. Apple will report on Thursday.
Overall, about 20% of all S&P 500 companies will release earnings reports this week.
4/ Distribution that does not respond
Smell...smell?
In the scent of great livelihood
yeah
A number of projects will be launched this week
$DRIFT Project April 29
$FRIEND Project April 29
$RENZO Project April 30
$EIGEN Project May 1
These were the most important events
If you liked the post, don't forget to like and follow
I only want 20 likes
