The world of Bitcoin and altcoins is set for a series of major events between September 16-22, 2024. From token unlocks to major blockchain upgrades, this week is packed with key developments that could impact the market. Here’s a detailed look at the most significant happenings:
Key Events for Altcoin Projects This Week
On September 16, 2024, Arbitrum (ARB) will unlock 92.65 million tokens, which represents approximately 2.65% of its total circulating supply. The token unlock will occur at 13:00 UTC and could potentially lead to short-term selling pressure in the market. However, Arbitrum’s long-term prospects remain positive due to its role as a Layer-2 solution for Ethereum, aimed at easing network congestion.
Zero1 Labs (DEAI), an innovative crypto project, will be listed on Gate.io at 11:00 UTC on September 16. The listing could increase its visibility and attract new investors.
Meanwhile, Binance Smart Chain (BSC) is in the middle of a significant voting process from September 9 to 16, aimed at determining the consecutive block number for each validator. This vote is part of the BSC Bohr Update and could improve the chain’s performance and decentralization. The results will directly affect BNB’s network.
Boba Network, another Layer-2 solution, will launch the Granite Hardfork on September 16 at 7 AM UTC. This upgrade is expected to improve the network’s scalability and security on Boba Sepolia and Boba BNB Testnet.
The 1inch (1INCH) community will host developer meetups between September 16-18, with founder Sergej Kunz expected to make a major announcement on the first day. These events are designed to strengthen community engagement and foster new partnerships.
September 17: Token Unlocks and More
On September 17, several token unlocks are expected to cause market volatility:
- Pixels (PIXEL) will unlock 54.37 million tokens, representing 7.05% of the circulating supply.
- ApeCoin (APE) will unlock 15.6 million tokens, which accounts for 2.31% of the total supply. ApeCoin’s connection to NFTs and metaverse projects is fueling anticipation.
- Echelon Prime (PRIME) will unlock 750,000 tokens, equal to 1.62% of its total supply.
These unlocks will be closely watched by investors, as they typically influence token prices.
In addition, Axie Infinity (AXS) and other leading crypto projects will gather for a special event in Singapore on September 17 ahead of TOKEN2049, which will take place from September 18-19. This high-profile conference will feature discussions on blockchain and Web3 technology, bringing together key decision-makers from the crypto ecosystem.
Important Developments Through September 22
On September 18, Maker (MKR) will introduce the USDS stablecoin and SKY governance token. Additionally, Lido DAO will conclude its Delegate voting, and SPACE ID will unlock 78.49 million tokens, representing 18.23% of the circulating supply.
Between September 20-21, Solana Breakpoint 2024 will take place, highlighting the latest developments in Solana’s blockchain and Web3 ecosystem. This will be followed by FIL Singapore on September 20, which will unite innovators from the worlds of Web3 and AI.
Lastly, on September 22, Delysium will announce its Lucy Beta product iteration update, signaling further advancements in the project.
Arbitrum token unlock, ApeCoin, 1inch, Deythere, TOKEN2049
