Cryptocurrencies worked well last week, the Bitcoin amount to its highest level since February and the market capitalization of all the parts of more than 3 billions of dollars.
The main catalyst of Bitcoin (BTC) and other altcoins this week will be the interest rate decision of the federal reserve on Wednesday. The signs that Fed will reduce rates three times this year will help increase cryptography prices.
The other potential catalyst will be signs that the United States and China speak by finishing the current trade war. Certain cryptocurrencies as immutable (IMX), Ethena (ENA) and Iota (Iota) will have internal catalysts.
Immuble x token unlock
ImmuTable X, a higher layer 2 network focused on games and non-buttons, will be one of the best cryptocurrencies to watch this week.
The main catalyst will be a large unlocking of tokens scheduled for Tuesday. According to Defi Llama, the network will unlock the tokens worth $ 10.4 million, which represents 1% of the float. ImmuTable has already released 89% of its tokens, the last scheduled for November this year.
The daily graph shows that the price of the IMX token reached the background at $ 0.34 in April, then reached $ 0.60. There are 85% below the highest level in November of last year. The token formed a small opposite head and shoulders, pointing more earnings later this week.
The Ethena token unlocks
The other superior token to watch will be Ethena. The creator of the USDE, the fourth largest stablecoin, will be able to unlock the tokens worth $ 23 million on Monday, May 5. This unlocking is part of its monthly schedule, in which it releases 171.88 million ENA tokens. His releases will end in 2028.
Ethena Price was under pressure before unlocking the token. He moved below the 50 -day mobile average and on the upper side of the downhill canal. Therefore, the token can continue to drop because the sellers target the key point at $ 0.2520, followed by the psychological point at $ 0.20.
Iota meal upgrade
Iota, a better player in the crypto industry, will be developed this week as he launches his rebellious upgrade. Rebased will be the biggest upgrade in its history.
Rebased will result in complete decentralization, fueled by more than 150 validators. This decentralization will allow holders to generate a monthly yield as with other networks.
He will also introduce intelligent movement -based contracts, allowing developers to create decentralized applications. This will make a more direct competitor to other channels such as Ethereum (ETH) and Cardano (ADA).
