Crypto Watchlist For The Week Ahead: FXS, BNB, APT, RDNR, & SNX

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  • An analyst shared on X that it will be a very busy week in the cryptocurrency space.
  • One of the most anticipated events in the coming week will be the Binance vs SEC hearing that will take place on Wednesday.
  • FXS, BNB, APT, RDNR, and SNX all saw their prices drop heading into the new week.

The analyst known as The DeFi Investor shared in an X post yesterday that the coming week will be a very busy one in the cryptocurrency space with a number of developments and unlocks taking place. The analyst urged traders to keep tokens like FXS, BNB, APT, RDNT, and SNX on their watchlists.

Frax Share (FXS)

According to the post, the deployment of FRAX v3 has begun, and is expected to be completed in the next few weeks. The cryptocurrency saw its price decrease by 1.72% in the past 24 hours of trading. As a result, CoinMarketCap indicated that FXS was trading hands at $5.37, which was just above its daily low price of $5.40.

FXS / Tether IS 1D (Source: TradingView)

Binance Coin (BNB)

One event that many will be waiting for is the Binance vs SEC hearing which will be taking place on Wednesday. This could have a notable impact on the price of the utility token. At press time, BNB was worth about $211.00 after its price experienced a slight 0.41% dip throughout the past day.

This ended up pushing the token’s weekly performance down even further to -3.40%. The past 30 days have also not been kind to the altcoin as BNB suffered a 1.87% loss on its monthly time frame as well.

Binance Coin / Tether US 1D (Source: TradingView)

Aptos (APT)

Traders will also want to take note of the fact that about $23.8 million worth of APT will be unlocked this coming Thursday. So far, the price of APT has dropped by 1.16% in the past 24 hours. This meant that the cryptocurrency was trading hands at $5.19. Along with its price drop, APT’s 24 hour trading volume decreased by 3.38%, settling at $41,034,861.

APT / Tether US 1D (Source: TradingView)

Radiant Capital (RDNT)

Radiant Capital’s launch on the Ethereum (ETH) network has been rescheduled for 15 October 2023. While The DeFi investor believes that this development will very likely be a “sell  the news” event, it could still help Radiant to attract more TVL in the long run.

RDNT also saw its price drop during the past day of trading. At press time, RDNT was worth $0.2277 after its price fell by more than 3%. The cryptocurrency’s 24 hour trading volume, however, stood at $11,747,797 after it surged by almost 70% since yesterday.

RDNT / Tether US 1D (Source: TradingView)

Synthetic (SNX)

Lastly, SNX is a token to watch with several mid-term catalysts on the horizon. These include the upcoming release of Synthetix Perps V3, and the impending launch of Infinex, which resembles a centralized exchange.

These new SNX developments have not yet garnered much excitement from the cryptocurrency community. In just the past day, SNX’s price dropped by 0.58%, which left the altcoin trading at $2.00. In addition to this, SNX’s price dropped by over 7% in the past week.

SNX / Tether US 1D (Source: TradingView)

Although SNX’s price dropped over the past 24 hours, the cryptocurrency was able to record an uptick in its daily trading volume. At press time, CoinMarketCap data indicated that SNX’s daily trading volume was up 72.69%, and stood at $19,511,874 as a result.

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