The prices of cryptocurrencies withdrew last week after Bitcoin did not exceed the level of resistance at $ 106,000 and the traders made profits.
Bitcoin (BTC) Price was negotiated at $ 103,000 on Sunday, while the recent push of Ethereum (ETH) hit a barrier.
For the future, some of the best cryptocurrencies to watch this week will be Ripple (XRP), Trump Coin (Trump) and Zetachain (Zeta).
XRP in Focus before the launch of CME Futures
The XRP price will be highlighted this week while the CME group launches the first term contracts made of money on Monday. The term contracts allow traders to bet or cover themselves against the future price of an asset without holding it physically.
The launch of future XRPs will be important because it will allow financial services companies to launch negotiated funds on the stock market that follows it. A good example is the Bitcoin ETF proshares, which follows the future CME Bitcoin.
The launch comes while the XRP price remains under pressure because it went from the summit of this month of $ 2.65 to $ 2.4 today.
Trump corner in the home before dinner
The official price of Trump’s play will be under the spotlight while his best holders of meeting with the American president for a very controversial dinner on May 22. Analysis. shows That some of the dinner participants will be foreigners, including the founder of Tron Justin Sun.
There is a risk that the price of the Trump room will drop before and after dinner. As shown in the graph below, it has already formed a double peak model, a sign of popular lower inversion.
A FT analysis also established that some guests have sold their pieces to profit. No more sale could intensify like some who expected to sell the cup. In addition, some of the participants can sell their parts after the end of the dinner.
Zetachain Prize in the focus before a big unlocking
Zetachain, an emerging layer 1 network, will be under the spotlight this week because he continues his token unlocking. On Monday, the network will unlock the tokens worth $ 11.34 million, or 5.31% of the float.
These monthly unlocking will continue in the coming years because it has an 828 million circulating offer against a total offer of 2.1 billion parts.
Unlocking arrives at a time when the Zetachain network is not doing well. The price of the Zeta token crashed 18% compared to its highest point this month, while the total value locked in its network fell to $ 26 million in January $ 18 million.
Pendle, Melania Same Coin, Pyth Network and Solana are other big crypto projects with unlocks scheduled for this week. The unlocking of Pyth Network of 333 million tokens will be notable because it will represent 58% of the float.
