This Week, It's Critical For Those 31 Altcoins: They Will Be Unlocked!

Crypto money market closed the week in the red after signs from the US that inflation has not stopped. Investors are keeping an eye on critical developments such as the Fed's interest rate decision and key openings of important altcoin.

This week, the Fed decision is eagerly awaited

The interest rate decision, which the FED will announce on May 1, will closely affect the cryptocurrency market as well as all markets. The decision is expected to be announced around 21.00-22.00. With the increase in the expectation of Interest increases, the trend of flight from risky assets may also lead to a sell-off in the cryptocurrency market. Interest increase can increase borrowing costs, driving investors away from risky investments. This can lead to declines in cryptocurrency prices.

Unlocking those altcoin projects

Below is a calendar of key token unlocks that will take place from April 29 to May 5:

• **April 29: AltLayer (ALT), WOO Network (WOO), Manta Network (MANTA), Atlas Navi (NAVI), Sei (SEI), Portal (PORTAL)
• April 30: Optimism (OP), Echelon Prime (PRIME), Celo (CELO), Illuvium (ILV), API3 (API3), Sui (SUI)
• May 1: SKALE (SKL), Vaiot (VAI), Solend (SLND), Rainbow Token (RBW), Hooked Protocol (HOOK)
• May 2: dYdX (DYDX), Orbler (ORBR), ZetaChain (ZETA), Acala (ACA), Nym (NYM)
• May 3: Biconomy (BICO), Ethena Labs (ENA), Decentral Games (DG)
• May 4: LayerAI (LAI), Rally (RLY)
• May 5: Mines of Dalarnia (DAR), SEDA Protocol (FLX), Galxe (GAL), Work X (WORK)

Altcoin unlocking refers to the release of tokens that were previously locked for sale to investors on a specific date. This can increase the supply of tokens, leading to drops in prices. Unlocks are usually done for a few different reasons:

• Securing funding: Projects can raise funds through their unlocks and get the money they need to develop their projects.
• Incentivizing investors: Projects can use key initiatives to reward early investors and attract more investors. Building the community: Through their unlocks, projects can encourage community participation and enable them to contribute to the management of the project.

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