The cryptocurrency market is gearing up for a very critical week with several major events set to take place across various projects.
Here are the altcoin developments that traders and cryptocurrency investors should follow next week.
Bitcoin (BTC)
All eyes are on the Fed's upcoming meeting on September 18, where interest rates are expected to be lowered. Since low interest rates tend to attract more investors to riskier assets like cryptocurrencies, analysts say a decrease in interest rates could have a bullish effect on Bitcoin.
To the left (LEFT)
Solana’s highly anticipated Breakpoint conference kicks off on September 20, and the crypto community is abuzz with rumors of potential big announcements. Breakpoint is Solana’s flagship event, where developers, investors, and enthusiasts come together and where major protocol updates or partnerships could be announced.
Maker (MKR)
Sky, previously known as MakerDAO, is launching a new governance token and stablecoin on September 18. The highly anticipated launch is a significant step in the evolution of the Maker ecosystem.
Donald Trump
In a move that is likely to draw a lot of attention, Donald Trump is set to launch his new cryptocurrency app, World Liberty Financial, on September 16. The app aims to blend the financial world with Trump’s influence and could attract users from Trump’s base to the crypto space.
Eigenlayer (EIGEN)
The highly anticipated Season 2 airdrop for Eigenlayer begins on September 17, offering users the opportunity to claim tokens.
Arbitrum (ARB)
A major event in the Arbitrum ecosystem will take place on September 16 when $49 million worth of ARB tokens will be unlocked. These tokens will go to the team and early investors, and if buyers choose to liquidate their tokens, selling pressure in the market may increase.
*This is not investment advice.