Avalanche will be updated tomorrow, inflation data will be published in the US on Tuesday, FlokiInu will expand its metaverse – the BeInCrypto editors have collected the main events of this week in one material
Avalanche Update – February 13th
Tomorrow at 17:00 Moscow time Avalanche will activate the Durango update. At launch it will only work on the Fuji testnet.
Durango will provide native cross-chain interoperability for every EVM network in the Avalanche ecosystem. This sets the standard for future virtual machines (VMs) to communicate using AWM.
You can get to know the popular crypto project Avalanche and its cryptocurrency AVAX better in our material.
US Inflation Data – February 13
This Tuesday, US consumer inflation statistics for December will be released.
To assess price dynamics, the CPI, or consumer price index, is used – the main indicator of inflation for the US economy. It takes into account those products that consumers use every day and compares their prices from year to year.
It is expected that the January core CPI could fall to 2.9% y/y from 3.4% y/y a month earlier.. This is a small change, but still a positive signal – it is believed that the higher the US Consumer Price Index, the greater the pressure on the price of BTC.
Token unlocks – starting February 14th
The beginning of the week again pleases investors with a new portion of major unlocks, which the community always awaits with great interest.
The most notable will be the unlocking of more than 205 million The Sandbox (SAND) tokens.. You can find a complete list of the most important unlocks of the week in our material.
Metaverse by FlokiInu – February 15
This Thursday, the crypto project FlokiInu will launch the Chinese version of Valhalla, its metaverse, but for now in the form of a testnet.
An important new partnership is also expected to be revealed on the same date.. It will affect the Chinese gaming market, according to assumptions.
Valhalla is a P2E (play to earn) metaverse game with NFT elements. In this game, the utility token is the native FlokiInu token – the FLOKI memcoin. At the time of writing, it was trading at $0.00003079 after a slight drawdown, according to BeInCrypto.
conclusions
Several important events await us this week: token unlocks, expansions and updates. All this can lift the mood in the markets.
But the market will also closely monitor the publication of inflation data in America. Traders and investors should take a closer look at the US market so as not to miss a possible outbreak of volatility.