Bitcoin, MATIC and These Cryptos Must Be Watched This Week for the Opportunity to Ride Big Moves
This week presents several potential catalysts and announcements that could fuel major price movement for top cryptocurrencies, according to crypto investor TheDeFiInvestor. He shared a watchlist of tokens that he expects to make big moves in the coming days.
Bitcoin Braces for Spot ETF Decision
First on the list is Bitcoin (BTC), the leading cryptocurrency by market capitalization. January 10 is the next deadline for the SEC to approve a spot Bitcoin ETF in the United States.
So far, the SEC has rejected all spot Bitcoin ETF applications, only allowing BTC futures ETFs. But crypto investors remain hopeful the commission will finally give the green light to a spot product this time.
If a spot Bitcoin ETF gets approved, TheDeFiInvestor expects related tokens like $BITCOIN, $STX and $ORDI to “significantly outperform the market” thanks to hype flowing back into the crypto sector. Even without an ETF, Bitcoin dominance has been rising in recent weeks, setting the stage for a potential breakout.
MATIC Awaits Launch of Highly-Anticipated zkEVM Rollup
Next on the watchlist is Polygon (MATIC), the popular layer 2 scaling solution for Ethereum. According to TheDeFiInvestor, Polygon is gearing up for a “big announcement regarding Polygon zkEVM” next week.
This refers to the planned launch of Polygon Hermez, a zero-knowledge rollup that will boost scalability and privacy for transactions on Polygon. The zkEVM technical upgrade is one of the most anticipated developments on Polygon’s roadmap. Its release could spark renewed hype and investment from a broad range of crypto builders and speculators.
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Show more +Frax & Vela Tokens Eye Mysterious Launches
In addition to the top market cap coins, TheDeFiInvestor highlights opportunities with two smaller cap gems, Frax Share (FXS) and Vela Token (VELA).
Frax Share facilitates the popular algorithmic stablecoin Frax. TheDeFiInvestor reports that Frax is expected to launch FraxChain, an Ethereum layer 2, “very soon” alongside a “points system” to incentivize network usage and boost FXS token demand.
Similarly, lending protocol Vela recently rolled out its own mysterious “Credits” program. With few details available, next week may reveal more specifics around the Vela points system and its potential impact on the VELA token.
Aptos (APT)
On January 15th, $227M worth of unlocked APT tokens will become available to investors and developers. This could increase selling pressure.
Bitcoin-Related Tokens
$BITCOIN, $STX, $ORDI – If a Bitcoin spot ETF is approved, these BTC-linked altcoins could “significantly outperform.”
Stargate Finance (STG)
Stargate protocol expects to launch LayerZero V2 interoperability tech and the native $ZERO token in Q1. $STG holders may receive an airdrop.
The wide range of potential catalysts this week – from ETF decisions to layer 2 launches – means volatility could be in store. TheDeFiInvestor highlights top tokens like BTC, MATIC and FXS that could benefit from the building hype. With so many near-term announcements and unlocks ahead, investors will want to watch for opportunities.
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