This Week in Tokens: Bitcoin Advocate Elected President of Argentina, Internal Conflict at OpenAI Reignites Interest in AI Sector
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This Week in Tokens: Bitcoin Advocate Elected President of Argentina, Internal Conflict at OpenAI Reignites Interest in AI Sector
Major exchanges will list PYTH (Pyth) on November 20, 2023.
Navigating Web3 tides with focused insights
Happy Monday!
TechFlow curates a selection of noteworthy tokens each week, highlighting the catalysts behind them.
$PYTH
Major exchanges will list PYTH (Pyth) on November 20, 2023.
Pyth Network is an oracle network that continuously publishes financial market data on-chain. The network's data comes from over 90 first-party data providers, including some of the world’s largest exchanges and market makers. Pyth delivers real-time price feeds for cryptocurrencies, stocks, forex pairs, ETFs, and commodities to smart contract developers across more than 40 blockchains.
BTC
With 86.59% of votes counted in Argentina’s presidential election, far-right candidate Javier Milei won with 55.95% of the vote. A supporter of Bitcoin, he plans to replace the peso with the U.S. dollar and abolish the central bank. He stated that Bitcoin represents the return of money creation to its original creators—the private sector.
BRC20 Ecosystem
Last week, Bitcoin’s daily transaction fees exceeded those of Ethereum at times by up to 2x, demonstrating strong capital activity. The BRC20 and other inscription sectors remain hot, led by ORD, followed closely by SATS and RATS, while tokens like MUBI and TRAC attempt to build utility-driven narratives.
$IMX $ILV
Immutable announced that Immutable zkEVM will undergo a rebuild on November 20, transitioning to a Geth-based client to align Immutable zkEVM as closely as possible with Ethereum. Meanwhile, Illuvium, its AAA blockchain game, will launch Beta 3: PVP on the Epic Store on the 28th.
$WLD
Recently, Sam Altman has drawn global attention, and developments surrounding his role at OpenAI have also impacted Worldcoin, which he co-founded.
$BLUR
Blur’s highly anticipated Season 2 airdrop will begin on the 20th.
$NAKA
Nakamoto Games is a Web3 gaming platform primarily based in Thailand. They will launch their Web3 gaming ecosystem on Telegram on the 20th.
$FET, $RNDR, and other AI-related tokens
Recently, NVIDIA's stock has surged. The company will release its fiscal 2024 third-quarter earnings report after market close on November 21, 2023, with expected revenue reaching $16 billion. At the same time, the internal conflict at OpenAI has drawn significant attention, reigniting investor interest in AI-themed crypto assets.
POW Sector
Driven by the wealth effect showcased by KAS, investors are once again focusing on the POW sector. Tokens such as ZEPH, TAO, and SMH have seen significant gains, indicating growing market attention and investment in fairly mined projects.
$AVAX
According to Token Unlocks data, five projects will unlock tokens this week, releasing over $200 million worth in total:
SPACE ID (ID) will unlock approximately 18.49 million tokens at 8:00 AM on November 22, valued at around $4.83 million;
Euler (EUL) will unlock approximately 135,000 tokens at 12:00 PM on November 23, valued at around $368,000;
Avalanche (AVAX) will unlock approximately 9.54 million tokens at 8:00 AM on November 24, valued at around $218 million;
Acala (ACA) will unlock approximately 4.66 million tokens at 8:00 AM on November 25, valued at around $260,000;
LooksRare (LOOKS) will unlock approximately 37.5 million tokens at 7:01 AM on November 27, valued at around $2.94 million.
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