Elite Analyst Shares Weekly Token Watchlist: Dogecoin (DOGE), Injective (INJ) and Other Cryptos in Focus
From the highly anticipated Bitcoin Halving to the rollout of major upgrades for various altcoins, analyst DeFi Investor shares his crypto watchlist for the week.
What you'll learn 👉
Bitcoin ($BTC) Halving Countdown
The next Bitcoin Halving, a crucial event that occurs approximately every four years, is set to take place in just 5 days. During the Halving, the block reward for miners will be reduced by 50%, effectively decreasing the rate at which new Bitcoins enter circulation. Significant price appreciation has historically followed this event, making it a key focus for crypto investors.
Injective ($INJ) Upcoming Upgrade
Next week, Injective, a decentralized derivatives exchange protocol, will undergo a major [REDACTED] upgrade. While the specific details of the upgrade have not been disclosed, the announcement has generated significant interest within the Injective community, as upgrades often lead to improved functionality and potential price appreciation.
Hong Kong’s Spot BTC and ETH ETFs
Early next week, Hong Kong is likely to approve the first spot Bitcoin ($BTC) and Ethereum ($ETH) exchange-traded funds (ETFs). This move would mark a significant milestone for the cryptocurrency industry, as it would provide investors with a regulated and accessible way to gain exposure to the two largest cryptocurrencies by market capitalization.
Stacks ($STX) Nakamoto Upgrade Rollout
The rollout of Stacks’s Nakamoto Upgrade is set to begin on April 16. This upgrade is expected to bring significant improvements to the Stacks blockchain, which aims to enable smart contracts and decentralized applications on the Bitcoin network. Investors should monitor the rollout closely, as successful implementation could lead to increased adoption and potential price appreciation for $STX.
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Show more +NetMind AI ($NMT) New Tokenomics
NetMind AI, a decentralized AI platform, is set to implement its new tokenomics on April 16. The updated tokenomics model is designed to improve the utility and value of the $NMT token within the NetMind AI ecosystem. Investors should review the new tokenomics carefully to understand the potential implications for $NMT’s price and overall project growth.
Ethena ($ENA) Strength and TVL Growth
Ethena ($ENA) has been demonstrating significant strength during the recent Bitcoin dip, while its total value locked (TVL) continues to grow at a rapid pace. This resilience and growth in TVL suggest that Ethena is gaining traction and investor confidence, making it a project to watch closely in the coming week.
Doge Day on April 20
April 20, also known as Doge Day, is an important date for the Dogecoin ($DOGE) community. In the past, this day has been associated with increased trading activity and potential price fluctuations for the popular meme cryptocurrency. Investors should be aware of the potential for increased volatility and trading opportunities surrounding Doge Day.
Strike ($STRK) Token Unlock
The first significant unlock of Strike ($STRK) tokens is scheduled for tomorrow, with $117 million worth of $STRK set to be distributed to early investors and contributors. Token unlocks can often lead to increased selling pressure and price volatility, as newly released tokens enter the market. Investors should monitor the $STRK price closely and consider the potential impact of the unlock on their investment strategies.
The coming week promises to be an eventful one for the cryptocurrency market, with several key events and upgrades set to take place. By staying informed about these developments and their potential implications, investors can make more informed decisions and capitalize on the opportunities presented by the ever-evolving crypto landscape.
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