Toncoin (TON) and AEVO Top This Week’s Watchlist: Crypto Analyst Recommends Other Coins to Watch
Renowned crypto analyst DeFi Investor has once again revealed his weekly token watchlist, spotlighting BTC, TON, and AAVE as the frontrunners. Let’s explore his insights on why these cryptocurrencies might perform well this week.
What you'll learn 👉
Bitcoin ($BTC) – CPI Data Release on May 15
Bitcoin (BTC) is set to face an important event this week. The Consumer Price Index (CPI) data, a key indicator of inflation, will be released on May 15. The CPI data has the potential to impact Bitcoin’s price, as it often influences investor sentiment and market dynamics.
AI Coins – OpenAI Announcement and NVIDIA Earnings
Artificial Intelligence (AI) has been a hot topic in the cryptocurrency space, with several projects leveraging this technology to drive innovation. Two notable events in the coming days could have a significant impact on AI-related coins:
- OpenAI, a leading AI research laboratory, is set to make a big announcement tomorrow.
- NVIDIA, a prominent company in the AI and graphics processing industry, will reveal its earnings in 10 days. As NVIDIA’s products are widely used in AI applications, its financial performance could influence the sentiment surrounding AI-related coins.
Aevo ($AEVO) – $1 Billion Token Unlock on May 15
Aevo is gearing up for a major event on May 15. Approximately $1 billion worth of $AEVO tokens will be unlocked on that date. Token unlocks can have a significant impact on a cryptocurrency’s price and market dynamics, as a large influx of tokens becomes available for trading.
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Show more +Toncoin ($TON) – TVL Growth and Partnerships
Toncoin (TON) has become an important player in the DeFi space, with its Total Value Locked (TVL) growing by an impressive 20 times in the past 60 days. This substantial increase in TVL indicates growing adoption and confidence in the TON ecosystem.
Additionally, the project has announced several noteworthy partnerships and integrations, further strengthening its position in the market. These developments could potentially drive further growth and adoption of $TON.
Synthetix ($SNX) – Infinex Launch on May 13
Synthetix, a synthetic asset issuance protocol, is set to witness the launch of Infinex, a UX layer built by the Synthetix founder, on May 13. Infinex aims to enhance the user experience and accessibility of the Synthetix platform. This development could potentially attract more users to the Synthetix ecosystem and drive increased demand for $SNX tokens.
Read more: Whales Cash In on Tellor (TRB) Price Surge Amid Bullish Market Trends
Other Notable Developments
- Mode ($MODE): Mode Staking V2 is set to launch next week, introducing new features and improvements to the staking process.
- Liquity ($LQTY): The Liquity v2 Whitepaper will be revealed next week, providing insights into the future development and roadmap of the project.
This week promises to be eventful for the cryptocurrency market, with several notable developments and releases on the horizon.
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