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Next Week Will Bitcoin Bears or Altcoin Bulls Prevail

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Next Week Will Bitcoin Bears or Altcoin Bulls Prevail
  • This week’s developing cryptocurrency narratives could be jeopardized by Bitcoin’s sell signal.
  • Do Kwon’s trial and SBF’s punishment are two of the most significant forthcoming events.
  • There could be substantial developments as a result of BlackRock’s recent decision and the RWA storyline.

Observations this week could be fascinating as proponents of altcoins attempt to counteract critics of Bitcoin. Investors would ideally want to get ready for a US afternoon sell-off following an early Asian session rally in Bitcoin. But if the original cryptocurrency maintains its position, a few other coins will probably spark a surge.

We are monitoring the following three non-narrative altcoins

  • The XRP coin from Ripple appears poised for double-digit growth.
  • Even if it is lagging, Litecoin is poised for a surge.
  • Sushi’s long-term perspective gives holders confidence as well, but there’s a caveat.

The cryptocurrency events of this week

March 25

  • The trial of SEC v. DO Kwon (LUNA, LUNC, USTC)

March 27, ImmutableX (IMX) zK EVM hard fork manner

  • Release Date: March 28, VeChain (VET) VeBetter DAO mainnet beta
  • APT Suervillain idle RPG

This week,

  • the SBF Sentencing (FTT) Token is unlocked.

March 29:

  • Hope (HOP) $92 million
  • Echelon on March 31 (PRIME) $40.20 million
  • dYdX (DYDX) on April 1 114 million

Story of cryptocurrency: Real World Asset (RWA)

RWA-based tokens, including Ondo (ONDO), Dusk (DUSK), Maker (MKR), Centrifuge (CFG), Avalanche (AVAX), Polymesh (POLYX), and so forth, have seen a surge in value as a result of BlackRock’s tokenized fund allocation.

However, the Bitcoin (BTC) price, which flashed a sell signal on the weekly chart, is driving this story—or any other narrative that surfaces this week—to develop. Altcoins will probably crash along with Bitcoin if it keeps going down.

Bitcoin (BTC) price

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