Crypto Watchlist: Top 5 Coins To Watch This Week
Bitcoin traders anticipate the Federal Reserve's interest rate decision on December 18, with a 95% probability of a 25 basis-point cut, potentially lowering the federal funds rate to 4.25-4.50%. Market focus will be on the Fed's Summary of Economic Projections and any signals regarding future rate cuts, which could impact Bitcoin and other cryptocurrencies. Fantom is set to launch the Sonic L1 mainnet, enhancing transaction speed to approximately 10,000 per second and reducing validator costs by 66%. The existing FTM token will be replaced by a new token at a one-to-one ratio. Avalanche's Avalanche9000 upgrade launches on December 16, following a $250 million private token sale, aiming to improve subnet functionality and cross-chain connectivity. Stacks will launch sBTC on December 17, allowing Bitcoin liquidity in DeFi with a 5% annual reward paid in Bitcoin. LayerZero will hold a governance referendum on December 20 regarding a fee switch for cross-chain messages, impacting token economics based on voting outcomes.
