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Cryptocurrency News Articles
Crypto Tokens To Watch This Week: AVAX, UNI, ARB, and Other Altcoins
Oct 14, 2024 at 12:30 am
The DeFi Investor has once again shared his list of tokens to keep an eye on for the upcoming week. Several popular altcoins have made it onto this watchlist.
Cryptocurrency prices have been rallying over the past few days, and several altcoins have managed to post double-digit gains. Now, as we head into a new week, several tokens could be worth keeping an eye on.
The DeFi Investor has shared his list of tokens to watch for the upcoming week, and several popular altcoins have made it onto this watchlist. Here's a closer look at each token and the potential catalysts that could impact their performance.
Avalanche (AVAX) is grabbing attention as the Avalanche Summit kicks off next week. Adding to the excitement, the Avalanche-based game "Off The Grid" has claimed the top spot on Epic Games, potentially boosting interest in the AVAX ecosystem.
DEAI token holders might want to stay alert, as Zero1 is set to launch the testnet of Cypher blockchain in just seven days. Additionally, the first project incubated by Zero1 is expected to go live soon, which could impact DEAI's performance.
Frax Share (FXS) is another token to watch, with the upcoming launch of frxETH V2 scheduled for October. This update will introduce a permissionless lending market for validators and native restaking, potentially affecting FXS's value.
Crypto Watchlist for the week ahead:
$AVAX – Avalanche Summit starts next week + Avalanche-based game Off The Grid became the no. 1 game on Epic Games
$DEAI – Zero1 will launch the testnet of Cypher blockchain in 7 days + 1st project incubated by it goes live soon
$FXS -… pic.twitter.com/WsqlnORVlD
Ecosystem Developments and Unlocks
Uniswap (UNI) is also on the radar, as the Uniswap Foundation plans to provide an in-depth look into the Uniswap roadmap on October 14. This could offer valuable insights for UNI holders and followers of the decentralized exchange.
ZK token enthusiasts might want to pay attention, as zkSync has hinted at some major ecosystem announcements coming in the next two weeks. These developments could potentially impact the ZK token's market performance.
Lastly, Arbitrum (ARB) makes the list due to an upcoming token unlock. Approximately $50 million worth of ARB tokens are scheduled to be unlocked on October 16, which could affect the token's supply and price dynamics.
Read also: Why Is Kaspa (KAS) Not Running Anymore? KAS Price Prediction
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