Cryptocurrency prices experienced a strong performance last week, with Bitcoin surging to a record high and the Fear and Greed Index entering the greed zone at 67.
These assets are likely to remain volatile this week as the US publishes its consumer price index data and the earnings season begins. U.S. politicians will also have the Crypto Week, where they will focus on the GENIUS Act, CLARITY Act, and an anti-CBDC bill.
The top cryptocurrencies to watch this week will be Trump Coin (TRUMP), ApeCoin (APE), and Arbitrum (ARB).
Trump Coin token
The Official Trump meme coin has crashed by over 80% from its highest level this year, erasing billions of dollars in value. Most recently, the token rose by about 13% from its lowest point this month, underperforming other top coins.
Trump Coin price will be in the spotlight this week as it unlocks millions of more tokens. It will unlock tokens worth $1.94 billion on Friday, equivalent to about 100% of the float. These token unlocks are likely to lead to further downside for the meme coin.
ApeCoin
The ApeCoin price has recovered over the past few days. It jumped from a low of $0.527 on June 22 to $0.656, underperforming other tokens.
APE price has lagged behind other coins because of the falling Bored Ape Yacht Club NFT sales in the past few months. For example, data showed that BAYC NFT sales totaled over $2.1 million in the last seven days.
ApeCoin price will also be in the spotlight as the network unlocks APE tokens worth over $38 million, equivalent to 1.89% of the float. On the positive side, APE’s unlocks are nearing the end since 93% have been released.
Arbitrum
Arbitrum token has bounced back in the past few days as it formed a double-bottom pattern at $0.2491. This is one of the top bullish technical catalysts.
The Arbitrum price will be closely watched this week as Robinhood utilizes its technology to offer tokenized assets. It will also be in the spotlight as the network unlocks $38.15 million worth of tokens, approximately 1.89% of the total supply.
Meanwhile, cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) will be in the spotlight as their ETF inflows gain steam. The other top coins to watch will be deBridge, ZetaChain, LayerZero, and Kaito.
