Crypto investors often neglect to prepare before important events, but this can lead to significant gains. As the calendar becomes clear and the dates approach, we have seen positive effects on prices. But will this happen again?
MultiversX (EGLD) is currently the fiftieth largest cryptocurrency in the market and the voting for the first protocol governance proposal is still ongoing. The voting, which started seven days ago, will end on December 3rd and the Sirius 1.6 Protocol update will be implemented. The proposal currently has 98% support.
From a technical perspective, the price has reached a peak of $53.45 by breaking the long-term trend line. It then pulled back to the support area of $43 and the upward trend continues. If the rally reignites before December 3rd, the $63 level could be tested.
KAVA Coin, the eighth largest cryptocurrency with a market value of $747 million, will experience an important event on December 15th. KAVA 15 includes surprise improvements. The price has increased significantly from the downtrend line 40 days ago. The uptrend peaked at $0.87 on November 11th.
The price performance of Bitcoin will be crucial until mid-December. There is no expectation of significant pressure at the macro level as negative rumors about the Binance agreement have not emerged. As long as the markets are not shaken by MTGOX FUD or new operations targeting stablecoins following the Binance operation according to rumors, stability will be maintained.