Cryptocurrency

ZetaChain

when

Optimism

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-events-shake-investor-confidence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Events Shake Investor Confidence</a><br></p>
<p style="text-align: justify">The cryptocurrency sector is on high alert this week, closely observing key events that could significantly impact the market. Investors are particularly focused on the Federal Reserve’s upcoming <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">interest rate</a> decision and the scheduled unlocking of $190 million worth of tokens from three major cryptocurrencies. These developments are causing investors to reassess their strategies and positions. So, which cryptocurrencies should be approached with caution this week?</p>
<h2 id="why-is-optimism-op-under-scrutiny">Why is Optimism (OP) Under Scrutiny?</h2>
<p style="text-align: justify">On July 31, Optimism (OP) will unlock 31.34 million tokens valued at $54.53 million. This move will lead to a 2.8% increase in its total supply, contributing to an annual inflation rate of 35%. Despite the unchanged number of tokens, the decrease in their value highlights the economic challenges posed by the network’s high inflation rate. This situation is prompting investors to seek new market stability.</p>
<h2 id="what-to-expect-from-sui-network-sui">What to Expect from Sui Network (SUI)?</h2>
<p style="text-align: justify">Sui Network (SUI) is set to unlock 64.2 million tokens worth $50.06 million on August 1, leading to a 2.6% supply increase. Compared to the previous month, these tokens have seen a 10% value drop. Primarily allocated to Series A and B private investors, these tokens will be distributed among early contributors, Misten Labs treasury, and the Community Reserve, generating curiosity and concern among market participants.</p>
<h2 id="potential-impacts-on-zetachain-zeta">Potential Impacts on ZetaChain (ZETA)</h2>
<p style="text-align: justify">On August 1, ZetaChain (ZETA), a low-cap cryptocurrency, will release 53.89 million tokens worth $35 million. This substantial 18.9% increase in market value could result in a sharp price drop, causing significant market fluctuations and shaking investor confidence.</p>
<h2 id="practical-takeaways-for-investors">Practical Takeaways for Investors</h2>
<p style="text-align: justify">– Monitor the Federal Reserve’s interest rate decision closely.<br> – Be aware of the unlocking dates and the amount of tokens being released.<br> – Consider the inflation rate and recent value trends of these tokens.<br> – Stay cautious and prepared for increased volatility in the market.</p>
<p style="text-align: justify">As these unlocking events unfold alongside the Federal Reserve’s interest rate decision, market volatility is expected to surge. Investors should exercise caution and thoroughly evaluate the associated risks when dealing with Optimism (OP), Sui Network (SUI), and ZetaChain (ZETA).</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-events-shake-investor-confidence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Events Shake Investor Confidence</a></h5>

Cryptocurrency Events Shake Investor Confidence

Daftar Isi

BH NEWS

Artikel lain yang dipublikasikan pada 27 Jul 2024

Decoding Bitcoin’s Potential Surge to $71K: Key Factors to Watch Out For

Goldman Sachs Chief Economist Explains Whether He Expects a Rate Cut from the Fed

Analyst Foresees Gains for Major Cryptos

“The Next SEC Chair Must Be Named Before US Election”: Gemini Co-Founder

Kevin Predicts Dogecoin Surge

Ethereum ETFs see $341.8m net outflows in first week, triggered by Grayscale’s ETHE

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!