The cryptocurrency market is gearing up for an eventful week with several major developments to come. Prominent crypto analyst The DeFi Investor has revealed the key altcoins that the community should keep an eye on in the coming days.
Solana (SOL) will witness a significant token unlock on March 1 with the release of $1.9 billion worth of SOL from FTX’s holdings. Investors will be closely watching how this impacts the token price and market dynamics.
Decentralized lending protocol Aave (AAVE) is expected to go live on Sonic layer-1 next week.
The next Nvidia earnings report is scheduled for February 26. Given Nvidia’s strong influence in the artificial intelligence (AI) sector, a positive earnings report could further fuel interest in AI-related crypto assets.
The launch of KernelDAO’s native token, KERNEL, is imminent. It will also serve as the native token for Kelp DAO, a widely used liquid repurchase protocol.
On February 25, Stacks (STX) will increase the deposit limit for its yielding BTC-backed token, sBTC.
Starting next week, Kaito’s network fees will begin to be distributed to KAITO stakers.
The ETHDenver conference brings together developers, investors, and industry leaders, kicking off on February 27. The event is expected to feature major announcements from Ethereum ecosystem projects and be a very important event for ETH holders.
However, famous rapper Kanye West will launch a memecoin and if it turns out to be like other famous memecoins, it could cause a significant amount of liquidity to be withdrawn from the market.
*This is not investment advice.