All Eyes On Altcoins: Will They Outshine Bitcoin This Week?

Bitcoin may be flashing a sell signal, but in the ever-unpredictable world of crypto, that could mean one thing: altcoin season is upon us! This week promises to be a rollercoaster ride for emerging cryptocurrencies, with two major events poised to send shockwaves through the market.

First up, the trial of Do Kwon, the controversial founder of TerraUSD, could reignite interest in stablecoins and DeFi projects. Then, all eyes will be on the sentencing of SBF, the former head of FTX, potentially impacting the entire crypto landscape.

But wait, there’s more! BlackRock’s recent foray into Real-World Assets (RWAs) on the blockchain has ignited a new narrative, with the potential for explosive growth in this sector. Get ready to navigate the twists and turns — this week in crypto promises to be one for the history books!

You Might Also Like: Haven’t Invest In Bitcoin Yet? Here’s Your Chance

Bitcoin’s Shadow: Will it Spook Altcoin Dreams?

While an early morning pump in Bitcoin might spark hope, analysts expect a potential sell-off during the US session. This could dampen the spirits of altcoin bulls hoping to make significant gains. However, if Bitcoin defies the bearish sentiment and holds its ground, select altcoins could surprise us with a rally.

3 Altcoins to Watch:

• Ripple (XRP): This token seems poised for a potential double-digit surge.
• Litecoin (LTC): After lagging, Litecoin might finally be ready to join the party.
• Sushi (SUSHI): The long-term outlook for Sushi appears promising, but there might be some bumps along the road.

Crypto Calendar: Key Events for the Week

• March 25th: The highly anticipated SEC vs. Do Kwon trial (related to the LUNA, LUNC, and USTC saga) kicks off.
• March 26th: Keep an eye on ImmutableX’s (IMX) EVM hard fork mainnet launch.
• March 27th: VeChain (VET) launches its VeBetter DAO mainnet beta, while APT unveils its Suervillain Idle RPG.
• March 28th: Sam Bankman-Fried’s (SBF) sentencing for his role in the FTX collapse could significantly impact the FTT token.
• March 29th — April 1st: Several token unlocks are scheduled, including Optimism (OP), Echelon (PRIME), and dYdX (DYDX).

Real-World Assets Take Center Stage:

BlackRock’s recent allocation to tokenized funds has ignited a surge among RWA-based tokens. Ondo (ONDO), Dusk (DUSK), Maker (MKR), Centrifuge (CFG), Avalanche (AVAX), and Polymesh (POLYX) are just a few examples experiencing this boost.

A Word of Caution:

Despite exciting narratives like RWAs, all eyes remain on Bitcoin. A confirmed sell signal on its weekly chart casts a shadow of doubt. If Bitcoin continues its downward spiral, altcoins will likely follow.

Stay Informed and Stay Cautious:

This week promises high volatility and potential opportunities. Remember, thorough research is crucial before making any investment decisions. Stay informed about the latest developments and approach the market with a cautious yet optimistic outlook.

‍

#Altcoins #Bitcoin #Xrp #Litecoin #Sushiswap

‍