The crypto world is constantly changing and it is imperative for investors to keep their finger on the pulse. In the coming week we can look forward to some interesting developments that could be of importance to crypto investors. We take a look at the upcoming macroeconomic data that could impact the crypto market, as well as the upcoming crypto project DeeLance and its PreSale. We also examine the recent price gains of Bitcoin and Ethereum and how they could develop in the coming week. Prepare to start the week well-informed by reading our preview of the top crypto news.
Macroeconomic data relevant to the crypto market
Important macroeconomic data is coming up next week that could be significant for the crypto market. Earnings season will be in full swing with some of the world’s largest companies reporting their results. These developments could impact the crypto market as they reflect investor confidence and market sentiment.
In addition, current data on the US real estate market is published, such as housing starts, building permits and sales figures for existing houses. The housing market can impact the crypto market as it is a key economic indicator and has possible implications for monetary policy, which in turn can affect cryptocurrencies.
Inflation figures from the UK, the eurozone and Japan, as well as Q1 GDP figures from China are also expected next week. This data can impact the crypto market by showing the economic health of each country and region, potentially increasing demand for cryptocurrencies as a hedge against inflation or economic uncertainty.
DeeLance pre-sale goes into the next phase at the start of the week
At the beginning of the new week, the DeeLance pre-sale enters a new phase, with the token price rising to $0.029. Funding is expected to cross the significant $200,000 mark in the coming week. DeeLance is a promising crypto startup that aims to revolutionize the freelancer market, achieve impressive growth and ensure fraud security.
At DeeLance is a decentralized platform based on Ethereum that connects freelancers and clients in a secure environment. It eliminates middlemen and fosters trust through the use of blockchain technology, enabling efficient collaboration between users.
The DeeLance team consists of blockchain and freelancing experts who are aware of the current market problems and develop innovative solutions. Some of the outstanding features of DeeLance are a simple registration process, high transparency, fast payments, full ownership by NFTs and lower fees compared to traditional platforms.
The DeeLance pre-sale is currently running in three phases with different token offerings. Demand for DeeLance tokens is continuously increasing and its value is expected to increase significantly in the future. The project has already raised significant funds and is backed by well-known crypto influencers and investors. DeeLance has the potential to fundamentally change the way freelancers and clients work together and take the freelance industry to a new level.
Can Bitcoin and Ethereum maintain their profits and maybe even expand them?
In the coming week, the crypto community will of course also be focusing on Bitcoin (BTC) and Ethereum (ETH), which have recently seen significant price increases. Bitcoin has shot above $30,000 this week, partly due to positive inflation data. Ethereum has crossed the $2,000 threshold, partly because of the successful Shapella update. The question now is whether BTC and ETH can hold and possibly even extend their gains.
An important aspect to watch is whether the former resistance levels at $30,000 for Bitcoin and $2,000 for Ethereum can now turn into support levels. If this is the case, the rally could continue and prices could continue higher. Otherwise, there is a risk of a correction below these key levels, which could result in prices falling.
Another interesting factor to watch over the coming week is the so-called “altcoin season”. This is just beginning and could gain momentum. The altcoin season refers to phases in which alternative cryptocurrencies gain significantly in value compared to Bitcoin and Ethereum. Should the altcoin season continue and gain further momentum, it could lead to broader adoption and stronger growth across the cryptocurrency market.
So the coming week will be crucial in determining whether Bitcoin and Ethereum can sustain and possibly extend their recent gains. The development of support levels and the continuation of the altcoin season are important factors that will affect the momentum in the crypto market. It remains to be seen how events will unfold over the coming week and what impact they will have on the two leading cryptocurrencies.
