Crypto analyst The DeFi Investor shared the crypto watchlist for this week. Let us dig deeper to understand why these cryptocurrencies and events are worth watching this week.
What you'll learn 👉
Bitcoin (BTC) and the Upcoming FOMC Meeting
All eyes are on Bitcoin (BTC) as the next Federal Open Market Committee (FOMC) meeting approaches on June 12. Interestingly, markets are currently pricing with a 5% chance of a rate cut, which could potentially influence Bitcoin’s price action.
Token Merge: Fetch AI, Ocean Protocol, and SingularityNET
June 13 marks a milestone for three prominent crypto projects: Fetch AI (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX).
These projects will complete their highly anticipated token merge, which aims to consolidate their ecosystems and streamline their token economies. The merger is expected to bring increased synergy and collaboration among the projects.
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Show more +zkSync Token Launch and v24 Upgrade
The zkSync ecosystem has hinted at the launch of the zkSync token (ZK), and it is confirmed to take place shortly after the completion of its v24 upgrade.
The upgrade, which has just been successfully implemented, sets the stage for the token’s introduction. The zkSync token is expected to play a crucial role in the project’s governance and incentive mechanisms.
Starknet Token Unlock and Distribution
Starknet (STRK), a leading Layer 2 scaling solution for Ethereum, has a scheduled token unlock event on June 15. A total of 73 million STRK tokens, representing 4.9% of its circulating supply, will be released.
Notably, all of these tokens will be distributed to investors and early contributors who have supported the project’s development. The unlock event may introduce temporary selling pressure on the STRK token.
Read more: Bitcoin Analysts Unveil Key Reasons BTC Price Has Failed to Break Above $72k
pSTAKE’s Upcoming Bitcoin Liquid Staking Solution
pSTAKE, a prominent liquid staking platform, is set to launch a highly anticipated liquid staking solution for Bitcoin in the near future. This development is expected to unlock new opportunities for Bitcoin holders, allowing them to earn staking rewards while maintaining the liquidity of their assets.
Fjord Foundry Launchpad Goes Live on Solana
Fjord Foundry, an innovative launchpad platform, is set to make its debut on the Solana blockchain on June 10. The launch of Fjord Foundry on Solana is expected to bring new projects and opportunities to the Solana ecosystem.
From the FOMC meeting’s impact on Bitcoin to the token merge of Fetch AI, Ocean Protocol, and SingularityNET, and the launches of the zkSync token and Fjord Foundry on Solana, crypto investors have much to look forward to.
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