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Next week features a suite of important events—from Avalanche’s network upgrade and significant token unlocks to the Fed rate decision alongside key US economic data. Here’s what to keep on your radar:

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🔐 December 16 – ARB Token Unlock

Arbitrum (ARB) will unlock 92.65 million tokens, valued at approximately $95 million, representing 2.26% of its circulating supply.

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👉 December 16 – Avalanche Etna Upgrade

Avalanche is set to launch its Etna upgrade on December 16, 2024, introducing significant enhancements to its network. This upgrade aims to reduce the costs associated with deploying sovereign Avalanche Layer 1 blockchains by 99.9%, making it more accessible for developers to launch and customize their own chains within the Avalanche ecosystem. Additionally, the upgrade includes the removal of the 2,000 AVAX staking requirement for validators and the introduction of dynamic fee mechanisms on the P-Chain and C-Chain.

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🔐 December 17 – APE Token Unlock

ApeCoin (APE) will unlock 15.60 million tokens, valued at approximately $25 million, representing 2.16% of its circulating supply.

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📊 Fed Interest Rate Decision & US Economic Data Releases

- December 18 – FOMC Press Conference and Fed Interest Rate Decision
- December 19 – Q3 GDP Final Estimate
- December 20 – Core PCE Price Index

With last week’s inflation data showing a slight uptick, markets are strongly pricing in a 25 bps rate cut at the upcoming FOMC meeting, with a 96% probability according to the CME FedWatch Tool. While a 25 bps cut could be seen as bullish for markets, much of its impact is likely already priced in.

In addition to the rate decision, Fed Chair Jerome Powell will hold a press conference, which will be closely watched for insights into the Fed’s outlook on future rate cuts and the overall health of the US economy.

Two other important data releases to watch:

- Q3 GDP Final Estimate (December 19):
   
The final Q3 GDP estimate will confirm the US economy's performance during the quarter. A result consistent with the previous 2.8% growth figure would reinforce this year’s robust growth outlook. However, such strength could dampen expectations for further rate cuts, suggesting the economy remains resilient to current monetary policy.
   
- Core PCE Price Index (December 20):
   
The Core PCE, the Fed’s preferred inflation measure, tracks the average change in prices for goods and services. A decline could be seen bullish for markets, while persistent "sticky inflation" could weaken the case for additional rate cuts at the next meeting.

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That’s all for next week’s action! Keep an eye on these events, and we’ll be back with more updates in the next roundup!

A massive $108 million worth of altcoins is set to be unlocked between January 20 and January 26. This comes at a time when the digital asset sector is recovering from last week’s sell-off. The unlock events are led by Immutable (IMX), a layer-2 scaling solution for NFTs on Ethereum, and Altlayer (ALT), a decentralized protocol for rollups.
According to a post on X (formerly Twitter) by Tokenomist (previously TokenUnlocks), the unlocking spree begins on January 20 with ApeX (APEX). Alongside Galxe (GAL) tokens worth $1.06 million, a substantial 10 million APEX tokens (18.71% of circulating supply) worth $18.80 million will be unlocked.

Key Token Unlock Events
Here’s a breakdown of the major unlock events happening this week:
January 21: Tokens worth $4.33 million from EigenLayer (EIGEN) will be released, accounting for 0.55% of its circulating supply.January 22: A total of 18.49 million Space ID (ID) tokens worth $8.14 million (4.29% of circulating supply) will be unlocked, along with 12.86 million Ethena (ENA) tokens valued at $12.11 million (0.42% of circulating supply).January 24: The spotlight will be on Immutable (IMX), with 24.52 million tokens worth $33.59 million being unlocked.January 25: A massive 240.10 million ALT tokens worth $24.38 million will be released, accompanied by Venom (VENOM) tokens worth $1.44 million.
How Unlock Events May Impact Altcoin Prices
Unlocking such a substantial amount of tokens can have a mixed impact. On the one hand, it may exert selling pressure on the respective cryptocurrencies, leading to potential short-term price declines. On the other hand, strong demand could absorb this pressure, driving prices upward.
For instance, tokens like Immutable (IMX), which benefit from growing adoption in the NFT space, or Altlayer (ALT), known for its innovative rollup technology, may experience increased investor interest despite the unlocking events.
Altcoin Market Capitalization: Positive Momentum
Despite the potential short-term volatility caused by the $108 million unlocking events, the broader trend in altcoin market capitalization remains bullish. Weekly charts of cryptocurrencies excluding Bitcoin and Ethereum highlight a sustained upward trajectory:
RSI (Relative Strength Index): Currently reading 65.91, it indicates a strong buying presence over selling. The upward slope further suggests potential for continued growth.MACD (Moving Average Convergence Divergence): The indicator remains bullish, with the MACD line (blue) staying above the signal line (red). Additionally, the growing intensity of the MACD histogram reflects increased interest in altcoins.

Outlook and Conclusion
The $108 million token unlocks represent one of the most significant market events this week. While short-term selling pressure could emerge, broader market indicators point to positive prospects for altcoins.
Whether projects like IMX, ALT, or APEX thrive amid these unlocks will depend on sustained demand and investor confidence. The coming days will be pivotal for observing the evolving dynamics in the altcoin sector.

#Altcoins👀🚀 , #unlock , #CryptoNewss , #altcoinseason , #CryptoUnlock

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A crypto research platform anticipates that several cryptocurrency tokens will be unlocked within January this year with an estimated value of $7.2 billion.
The think tank says the multi-billion-dollar token unlocking is a considerable amount, noting that it could have an impact on the cryptocurrency market.
Unlocking Crypto Tokens
CryptoRank announced in a post that an estimated $7.2 billion worth of crypto tokens could be unlocked this January, something the digital asset sector should keep an eye on for the opportunities and risks it might bring.
In an X post, the data research and analytics platform enumerated the top 10 crypto token projects with the highest value to be unlocked this month, adding that the list includes Aptos, Circular Protocol, and Arbitrum.
Some analysts said that the crypto market would definitely “feel the heat” since the value of the virtual tokens to be unlocked is a staggering amount, adding that January might be a wild month for the cryptocurrency sector with this development.

Crypto tokens such as Aptos and Arbitrum as well as other major players in the digital asset market are seen to be serious about leaving a mark in the cryptocurrency landscape, saying that its implications could bring fresh opportunities or a bearish condition.
$7.2 Billion Worth of Tokens To Be Unlocked in January 🔓
The following notable token unlocks will happen in January:
$APT $111.41M
$CIRX $108.35M
$ARB $86.42M
$OP $67.29M
$RON $66.89M
$MOVE $53.35M
$UXLINk $36.73M
$IMX $35.59M
$JTO $35.04M
$STRK $32.66M

Top Crypto Tokens
According to CryptoRank, data show that Aptos is seen as a top contributor to token unlocking with an approximate value of $111 million. The crypto tokens are being eyed to be released on January 12.
As of press time, Aptos is being traded at $10.42 per token with a market capitalization of $5.8 billion.
The data analytics platform said that Circular Protocol will take the second place which will release $108 million worth of crypto tokens, saying around 28 billion CIRX tokens will enter the market on January 12.
Occupying third place, according to CryptoRank, is Arbitrum which is expected to release $86 million worth of digital coins.

Impact On The Market
Financial platform OneSafe said that unlocking of tokens happens when locked tokens are “set free into the market.”
“These tokens are typically held by project teams, early investors, or earmarked for things like development funding and marketing. When these tokens hit the market, it can shake things up by increasing the circulating supply,” the financial platform explained.

Crypto firm Keyrock cautioned on the possibility that the unlocking of crypto tokens could spark negative market responses, stating this conclusion after the company made a study of 16,000 unlocked tokens.
The company’s study revealed the negative outcomes have been influenced by the recipients, scale, anticipation, timing, and other factors, which still happened despite taking predetermined actions prior to the token unlocking.
According to the research, large token unlocking usually resulted in about 2.4x in price declines, increasing volatility.
#tokenunlocks #CryptoReboundStrategy #CryptoUnlock #Market_Update #BullCyclePrediction