Research Summary
The report discusses upcoming events and updates in the cryptocurrency market. It highlights key developments such as $SNX’s inflation reduction, $INJ’s Volan Mainnet Upgrade, $FXS’s halving, and the Starknet V0.12.3 Mainnet. It also mentions the unlocking of $193M worth of $APT and the potential adoption of the SRC20 standard by the Bitcoin community.
Key Takeaways
Upcoming Developments in Cryptocurrency Market
- $SNX’s Inflation Reduction: The report mentions that $SNX has recently turned its inflation to zero and plans to implement a buyback & burn mechanism soon. It also highlights other strong upcoming catalysts such as the Andromeda Upgrade, a chain expansion to Base, and the full v3 rollout.
- $INJ’s Volan Mainnet Upgrade: The report notes that the largest upgrade in Injective history, the Volan Mainnet Upgrade, is expected to happen soon.
- $FXS’s Halving: The report states that $FXS halving will occur on December 20th, with additional upcoming catalysts such as the Fraxchain launch in January and the introduction of an innovative oracle-free lending mechanism, BAMM.
- Starknet V0.12.3 Mainnet: The report mentions that the Starknet V0.12.3 Mainnet will take place on December 11th. It also notes that the only protocols in the Starknet ecosystem with tokens are $IMX and $RBX, which might serve as a proxy to speculate on the upcoming $STRK airdrop.
- Unlocking of $APT: The report highlights that $193M worth of $APT, representing 9% of the circulating supply, will be unlocked on December 11th, mostly to team members and investors.
Actionable Insights
- Monitor $SNX’s Upcoming Developments: With $SNX turning its inflation to zero and planning to implement a buyback & burn mechanism, it would be beneficial to keep an eye on these developments and their potential impact on the market.
- Track $INJ’s Volan Mainnet Upgrade: The upcoming Volan Mainnet Upgrade, being the largest in Injective history, could have significant implications for $INJ. Monitoring this event could provide valuable insights.
- Observe $FXS’s Halving and Additional Catalysts: The halving of $FXS on December 20th and the launch of Fraxchain in January could influence the market dynamics of $FXS. Observing these events could provide important market insights.
- Watch Starknet V0.12.3 Mainnet: The Starknet V0.12.3 Mainnet and the potential speculation on the upcoming $STRK airdrop could impact the market. Keeping a close watch on these events could be beneficial.
- Assess the Impact of $APT Unlocking: The unlocking of $193M worth of $APT could have a significant impact on its market dynamics. Assessing the impact of this event could provide valuable market insights.
