Exciting Events in the Crypto Market This Week

Tomorrow, DeFi platform Bakery Swap is set to launch its first-ever launchpad. The preliminary launch will feature BitcoinCats, a GameFi platform within the Bitcoin ecosystem, and its native token $1cat. The launch details are available on the official Bakery Swap website. A total of 2 billion $1cat tokens will be sold during the launchpad, with a fixed rate of 1 ETH = 6.25 million $1cat. Participants will receive $1cat tokens and ETH refunds within 48 hours of participation, with approximately half of the $1cat tokens distributed on BRC and the other half on Ethereum. The launchpad starts at 11:00 AM MSK for whitelisted users and 12:00 PM MSK for all others, except for buyers from specific regions like the USA and Canada, and it closes at 1:00 PM MSK for all customers.

The popular blockchain Polygon continues to amaze the crypto community. While the details of the announcement remain undisclosed, it is known to revolve around the topic of RWA (real/traditional assets) and their institutional adoption. According to Sandeep Nailwal, the co-founder of the project, the upcoming announcement will "change the game."

On Thursday, at 4:30 PM MSK, new data regarding the current state of the US GDP is expected to be released. This information directly impacts the performance of the US dollar. If the actual figures exceed expectations, the market may witness a rise in the dollar, while a contrary outcome may lead to a decline. GDP (Gross Domestic Product) measures the market value of all goods/services produced within a country for consumption, including the total income of citizens, companies, and the government over a specific period. It is used to assess a country's economic health; growth indicates development, while a decrease suggests otherwise.

This week, investors can look forward to significant token unlocks, a highly anticipated event in the crypto community. The largest of these unlocks will be Algorand, which will release 33,340,000 ALGO tokens into circulation. You can find the complete list of the most important unlocks in our article.

This Saturday marks the launch of the long-awaited Lunar mission for the popular meme coin Dogecoin (DOGE). On the 23rd of this month, Astrobotic will send a physical wallet containing DOGE coins to Earth's satellite. Remarkably, this initiative was conceived back in 2015, and the project's community has been fundraising for its realization. In addition to the meme coin itself, one Bitcoin (BTC) and a metal plate engraved with the contents of the first block of the main cryptocurrency will also visit the Moon.

In conclusion, this week promises numerous events in the crypto market. Token unlocks have the potential to attract investors and boost trading sentiment, along with market activity. Meanwhile, Polygon's important announcement and Dogecoin's unique initiative could positively influence both the projects and the market. The only event with unpredictable consequences is the release of US GDP data, which could either lift or impact the markets.