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As the cryptocurrency market prepares for another eventful week, several altcoins are drawing the attention of traders and investors. Here are the key coins to watch.
Binance Coin (BNB):
The cryptocurrency community is abuzz with news surrounding Binance CEO Changpeng Zhao (CZ). After facing legal challenges, CZ is set to be released from prison on September 29. Many speculate that this development could have a significant impact on the price of Binance Coin and the broader exchange ecosystem.
Bitcoin (BTC):
Rumors are circulating that a major U.S. bank is preparing to offer Bitcoin custody services. If confirmed, it could mark a pivotal moment in Bitcoin’s mainstream adoption and further legitimize it as an institutional asset.
Jupiter (JUP):
Jupiter Exchange is gearing up for a double launch with the launch of its mobile app and Ape Pro, a new product designed for memecoin trading and minting. This launch is expected to increase liquidity and boost trading activity, particularly for memecoin-based assets.
Tabi (Modular Game Layer 1 Network):
Tabi, a modular Layer 1 blockchain focused on gaming, is expected to launch Testnet V2 next week. Early participants in the testnet are expected to receive token incentives, which could increase participation and excitement for this gaming platform.
EtherFi (ETHFI):
$37 million worth of ETHFI tokens will be unlocked as part of EtherFi’s season 3 airdrop next week. The imminent access to these funds by airdrop recipients could lead to increased market activity around the token.
MakerDAO (MKR) or its new name SKY:
In a major move, MakerDAO’s Co-Founder has revealed plans to offer to distribute MakerDAO’s products on the Solana blockchain. Whether it’s through MKR or SKY, this cross-chain integration could expand MakerDAO’s functionality and open the door to new decentralized finance (DeFi) opportunities.
*This is not investment advice.