Major altcoins are gearing up for a week of updates that will keep altcoin traders watching the price movements for surprises on the horizon. Here are some of our top picks to watch.
After the Pump.fun ICO, which saw its native token sell-out within just 12 minutes, altcoin traders are hungry for more action as the crypto market is getting ready for a week filled with developments and price movements. These updates could lead to more profit-making opportunities or plant the seeds for downfall.
Major cryptocurrencies are in the spotlight, with Bitcoin (BTC) continuing to reach never-before-seen highs following its recent rally in July. Not only that, fan-favorite altcoins like BERA (BERA) and S (S) are also due for major calendar events in the next few days.
Here are a few tokens to watch within the following week:
HUMA: Huma 2.0 opens altcoin deposits on July 14
According to a recent post, Huma (HUMA) Finance will enable its Huma 2.0 deposit feature starting July 14. The new feature offers traders double-digit yields of up to 19x on stablecoin deposits with an allocation of 500,000 HUMA per wallet.
The launch will likely draw deposits and boost demand for the Huma token, which could lead to a spike in value. However, if yield performance falls short or deposit caps limit inflows, it could lead to muted impact and the hype could die down.
S: Sonic potential airdrop between July 15 to July 22
Sonic has cheekily hinted at a potential token airdrop that will take place “randomly” sometime between July 15 to July 22. Dubbed the Season 1 Airdrop Rewards program, traders are still waiting for when the airdrop will take place.
The long-anticipated airdrop could spike trading volume and push the price up initially. On the other hand, post-claim sell pressure could drag the token down unless users stake their tokens.
JOE: LFJ token mill v2 launch on July 15
Formerly Trader Joe, the LFJ trading platform will release Token Mill V2 its beta version on July 15, which will be launching on the Solana (SOL) network. The bonding-curve AMM is meant to be used for token creation with custom curves on-chain.
The beta launch could draw in new liquidity, signaling a price boost for the native token JOE (JOE) as user adoption grows. However, limited initial use or technical limitations may soften the rally.
AERO: Coinbase announcement on July 16
Coinbase will unveil “the next chapter of Base” on July 16, a move that could potentially expand Base (BASE) network integration and amplify Base-native tokens like AERO (AERO).
Following an earlier 35% rally driven by earlier Coinbase signals, further integration announcements could ignite fresh buying activity for the token.
TRUMP: Token unlock worth $868m on July 18
Around $868 million worth of TRUMP (TRUMP) tokens will unlock on July 18. This chunk represents over 25% of the existing circulating supply, which would trigger large sell-offs, potentially slashing the price by 10% to 30% depending on altcoin trader behavior.
However, if altcoin traders decide to hold on to the token or speculators buy the dip, the negative impact could be limited and lead to a bounce instead.
BTC: July rally and ‘massive week’ for crypto policy
Bitcoin has seen a massive resurgence, having broken through the $120,000 threshold and soaring high enough to briefly touch on $123k. Analysts expect the rally expected to last throughout the month, as historic patterns over the past years have shown that BTC tends to thrive in July.
Matrixpoint’s analysis predicted BTC could reach beyond $116,000. At press time, the largest cryptocurrency by market cap has dipped to $121,873. In addition, Executive Director of the President’s Council of Advisers on Digital Assets Bo Hines predicted that the crypto market will skyrocket to $20 trillion in market cap after advancements in crypto policy this month. This could be the boost that BTC needs in order to break through even higher ground.
BERA: Major announcement next week
Berachain is expected to drop a major update next week, which altcoin traders have taken to mean a shift after activating the Pectra upgrade on its ETH (ETH)-based network. A strong roadmap or partnership reveal could reverse recent drawbacks and revive bullish sentiment.
But without a substantial update, the risk of a downturn remains elevated amid dwindling on-chain activity.
HOME: Possible mobile app announcement next week
The DeFi App project HOME teased a major announcement for next week, likely unveiling its mobile app rollout. More on-chain adoption through the mobile app could trigger a short-term rally in HOME’s price. However, if the announcement lacks details or gets delayed, the token may head into consolidation.
ES: Eclipse Token Generation Event next week
Eclipse is gearing up to launch its native token ES on major cryptocurrency exchanges like Bybit and more. A new token launch typically draws altcoin market interest and may result in an initial price spike due to listing hype.
However, the hype may be short-lived as early profit-taking by insiders and limited ecosystem utility post-TGE could lead to subsequent corrections.
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