en.bitcoinsistemi.com
Crypto analyst The DeFi Investor shared a watchlist of altcoins that investors should closely follow as the new week begins.
According to the analyst, upcoming developments could act as significant catalysts triggering price volatility in some projects.
A critical development for EtherFi (ETHFI), which ranks first on the list, will take place on March 11th. The project’s roadmap will be announced at an analyst meeting. Plans for the future of the ecosystem are expected to be shared at this meeting.
Another project that caught attention was Mantle (MNT). According to the analyst, Mantle is preparing to make a significant announcement soon, along with Bybit’s Alpha platform.
On the Polkadot ($DOT) side, the tokenomic update planned for March 12th stands out. Following this update, the $DOT emission on the network is expected to decrease by 53.6 percent.
On the other hand, a significant integration is on the agenda for THORChain (RUNE). It is stated that the protocol will soon integrate the Polygon network and begin supporting local cross-chain exchange transactions.
The decentralized derivatives platform $GMX ($GMX) is also among the projects listed. The platform confirmed it will launch a cross-margin trading mode that will allow investors to manage different positions through a single collateral pool.
On the $NFT side, Magic Eden is making a significant change. It has been announced that the platform will close its Ethereum and Bitcoin-based $NFT marketplaces by March 9th.
The list also included DeFi App’s upcoming all-in-one DeFi platform for the HOME token and a forthcoming permissionless agent trading product for Virtuals Protocol (VIRTUAL).
The analyst reminded that the crypto market can be affected not only by project developments but also by macroeconomic data. In this context, the US inflation data (CPI) to be released on March 11th could be an important determinant for both the cryptocurrency market and risky assets in the coming week.
*This is not investment advice.