The crypto market was relatively calm during the weekend, with Bitcoin’s price hovering around $66,000-$67,000. The DeFi Investors analyst, who has over 115,000 followers on X, shared their weekly token watchlist for this week, highlighting top cryptocurrencies that could potentially produce gains due to important events in the upcoming days.
Ethereum (ETH): The final deadline for VanEck’s spot ETH ETF application is May 23. If approved, this could lead to increased institutional investment and demand for Ethereum.
AI coins: NVIDIA’s Q1 2024 earnings report will be released on May 22. As a leading manufacturer of GPUs essential for AI and machine learning, NVIDIA’s performance could impact AI-related cryptocurrencies.
Crypto Watchlist for the week ahead:$ETH – The final deadline for VanEck's spot ETH ETF application is May 23
— The DeFi Investor 🔎 (@TheDeFinvestor) May 19, 2024
AI coins – NVIDIA’s Q1 2024 earnings report will be released on May 22$FTM – Voting for Fantom's proposal to launch a new token $S started. Fantom will rebrand to… pic.twitter.com/7qR8SGyYLq
Fantom (FTM): Voting for Fantom’s proposal to launch a new token, Sonic (S), has started. Fantom will rebrand to Sonic, and there will be a 1:1 migration of FTM to S tokens.
DEAI: Proposals for the launch of three incubated projects on the Zero1 Platform will go live soon. This could drive interest and activity within the Zero1 ecosystem.
PYTH: On May 20, $900 million worth of PYTH tokens will be unlocked, representing 141% of its current circulating supply. This significant increase in supply could potentially impact the token’s price dynamics.
IntentX (INTX): IntentX, an OTC perpetual DEX with over 270 trading pairs, is launching its token on May 23. New token launches often generate interest and trading activity.
Ethena (ENA): Ethena’s USDe stablecoin will be integrated into Bybit as collateral next week. This integration with a major cryptocurrency exchange could increase the adoption and utility of Ethena’s stablecoin.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
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Show more +While these tokens are garnering attention due to upcoming events, it’s important to note that cryptocurrency markets are inherently volatile, and investors should conduct thorough research and exercise caution when making investment decisions.
In conclusion, the cryptocurrencies mentioned above are among the top tokens to watch this week due to important developments and events that could potentially impact their price performance.
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