This Analyst Shares Cryptos to Watch This Week – BTC, AVAX, ARB, and Others

In a tweet, analyst The DeFi Investor shared a comprehensive crypto watchlist for the upcoming week. The analyst pinpointed several digital assets and events

A prominent crypto analyst has shared a comprehensive watchlist for the upcoming week in a recent tweet. The analyst, known as The DeFi Investor, pinpointed several digital assets and events that could potentially impact the crypto market.

Bitcoin (BTC), Avalanche (AVAX), Arbitrum (ARB), and other notable projects are included in the watchlist. Let’s dive into the key highlights.

Bitcoin’s FOMC Watchlist and Arbitrum’s Staking Milestone

Bitcoin remains a major asset to watch this week, and The DeFi Investor highlights the importance of the FOMC minutes, which are set for release on August 21. This event could influence BTC’s price movement.

Furthermore, the analyst notes the upcoming launch of Babylon, a Bitcoin staking protocol, on mainnet next week.

Also, the Arbitrum ecosystem is buzzing with excitement as the DeFi Investor points out the recent approval of the ARB Staking proposal. This will introduce stARB, a liquid staked ARB token, adding a new layer to the Arbitrum ecosystem.

Crypto Watchlist for the week ahead:

$BTC – FOMC minutes will be released on Aug. 21

Babylon launch – Babylon, a BTC staking protocol, will launch on mainnet next week

$ARB – ARB Staking proposal has just passed

This will introduce stARB -a liquid staked ARB token$EIGEN – Eigenlayer will be enabling permissionless token support on mainnet next week, allowing anyone to restake any asset.

pic.twitter.com/YwqiQjVerC

Emerging Developments in the Crypto Space

Eigenlayer, a prominent project in the crypto space, is making waves. The analyst reveals that Eigenlayer will be enabling permissionless token support on mainnet next week. This update will allow anyone to restake any asset, potentially expanding the platform’s utility.

The analyst also notes that Avalanche (AVAX) is one of the assets to watch this week He points out that $200 million in AVAX tokens will be unlocked on August 20. Notably, the majority of these tokens will be allocated to the team.

The gaming sector of the crypto industry is also seeing developments. The analyst mentions that Nakamoto Games is preparing to release a new staking model for its NAKA token soon. This update could potentially impact the token’s value and utility.

Read also: 21Shares Toncoin Staking ETP Crosses $100M AUM Amid TON Price Pump

Meet PandaWorld, the new meme coin currently selling at discounted presale prices! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.

Market Implications and Investor Outlook

The DeFi Investor’s watchlist provides insights into key events and projects that could shape the market in the coming week. These developments about various sectors of the crypto industry, from major crypto assets to DeFi protocols and gaming platforms will be worth watching.

Bitcoin’s potential price movement following the FOMC minutes release could set the tone for the entire market. Meanwhile, the introduction of new staking opportunities for BTC and ARB might attract more investors to these ecosystems.

The AVAX token unlock presents both opportunities and challenges. Moreover, the updates to Eigenlayer and Nakamoto Games could draw attention to the growing importance of staking and gaming in the crypto space.

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.

We recommend eToro

The above is the detailed content of This Analyst Shares Cryptos to Watch This Week – BTC, AVAX, ARB, and Others. For more information, please follow other related articles on the PHP Chinese website!