The DeFi Investor, a prominent crypto analyst, has shared their watchlist for this week, highlighting several notable developments in the cryptocurrency space.
From Bitcoin ETF inflows to the expansion of Velodrome’s Superchain and the launch of the Eigenlayer token, the watchlist covers a diverse range of projects and events that could potentially shape the market in the near future.
Crypto watchlist for the week
- Bitcoin (BTC): Grayscale’s Bitcoin ETF has recorded its first inflows since its launch, signaling renewed interest from institutional investors.
- Jito (JTO): Jito, a Solana-based project, is reportedly building restaking functionality for SOL. Additionally, Jito has become the largest Solana dApp by total value locked (TVL).
- Velodrome (VELO): Velodrome, a decentralized exchange, is set to begin its Superchain expansion next week. The project aims to become the largest DEX on OP Stack L2 chains, potentially capitalizing on the growing demand for layer 2 solutions.
- Pendle (PENDLE): The DeFi Investor believes that the points meta is here to stay, and Pendle, a decentralized protocol for yield tokenization, is well-positioned to benefit from this trend. The analyst recently bought more PENDLE during the recent dip, demonstrating their confidence in the project’s potential.
- Eigenlayer (EIGEN): The Eigenlayer token is scheduled to launch on May 10. However, it is important to note that the token will be non-transferable at launch, which could impact its initial trading and liquidity.
- Sei (SEI): Sei, a layer 1 blockchain platform, has recently completed its V2 audit. The upgrade launch date is expected to be announced soon, potentially bringing new features and improvements to the Sei ecosystem.
- Starknet (STRK): Approximately $87 million worth of STRK tokens will be unlocked in around 9 days. This significant token unlock event could lead to increased volatility and potential selling pressure on the token’s price.
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Show more +The DeFi Investor’s watchlist provides valuable insights into the projects and events that could potentially impact the cryptocurrency market in the coming week.
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