Crypto analyst The DeFi Investor outlined major cryptocurrencies to monitor in the week ahead based on upcoming potential market-moving developments.
What you'll learn 👉
Frax Share (FXS)
Frax’s Version 3 upgrade deployment has begun and will continue rolling out over the next few weeks. The improvements are designed to make Frax more decentralized and censorship-resistant. The phased launch could impact $FXS price action.
Binance Coin (BNB)
A scheduled SEC hearing regarding Binance on October 12th has the potential to introduce volatility for $BNB. The ongoing regulatory issues facing Binance from global watchdogs make any major updates significant events for its exchange token.
Approximately $23.8 million worth of $APT tokens are set to be unlocked on October 12th. The influx of newly liquid supply could put downward pressure on $APT price.
Radiant Capital was rescheduled to launch on Ethereum on October 15th after previous delays. The price impact may end up being muted due to a “sell the news” reaction, but the launch could help attract TVL to Radiant long-term.
Synthetix has multiple potential catalysts converging, including the launch of Perps V3 and Infinex Exchange, as well as expansion to the Base Layer 2 network. With new products and exposure, $SNX may see heightened interest and volatility.
With major developments ahead across protocols, the week of October 10th will be an interesting one to observe in crypto markets. Key tokens like $BNB and $SNX in particular appear primed for action based on the upcoming events.
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