Here’s an in-depth look by on-chain analyst, The DeFi Investor, at the key developments and tokens to watch in the coming week.
What you'll learn 👉
Bitcoin ($BTC)
Spotlight: ETF Decision Looming in September
The crypto community is eagerly awaiting early September, when the next set of decision deadlines for Bitcoin’s spot ETF filings are due. Approval could be a game-changer, potentially unlocking a flood of institutional capital.
Lybra ($LBR)
Spotlight: V2 Launch and Token Burn
Lybra is set to launch its Version 2 next week, introducing a token burn mechanism that could positively impact its price by reducing supply. This is a significant upgrade that could attract more users to its ecosystem.
Akash Network ($AKT)
Spotlight: Major Upgrade on August 31
Akash Network is gearing up for a significant upgrade on August 31. While $AKT has been a top performer over the past month, be cautious as the market may have already priced in the upcoming changes.
SUI ($SUI)
Spotlight: Supply Influx on September 3
Keep an eye on $SUI as 4.8% of its total supply is slated to enter circulation on September 3. This could lead to increased volatility, offering both risks and opportunities for traders.
Emerging Tokens
Spotlight: Smart Money Picks
Tokens like $SHIA, $HILO, $ATOR, $OLAS, $LINQ, and $EMP have recently been accumulated by smart money, according to @ChainEDGE_io. While these tokens are very new and come with high risks, they’re worth monitoring closely.
Doge2014 raises 450K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Aerodrome
Spotlight: Velodrome’s Friendly Fork
Aerodrome, a friendly fork of Velodrome on Base, is set to go live next week with more than 20 launch partners. This could be a significant milestone for the project, potentially attracting a large user base.
tehBag ($BAG)
Spotlight: Revenue Sharing and New Partnerships
tehBag, a new marketing bot for crypto projects, will begin sharing its revenue with $BAG holders next week. Additionally, new partnerships are expected to be announced, which could drive interest and value to the token.
Chinese Coins
Spotlight: HashKey’s Retail Trading
Asian CEX HashKey will start offering crypto trading services to retail customers on August 28. This marks HashKey as the first CEX in Hong Kong to receive regulatory clearance for crypto retail trading. The market is still quiet about this, so it’s an area to watch for potential narratives.
Stay tuned for these pivotal moments in the crypto space. As always, exercise due diligence and risk management in your trading activities.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
