Analysis: Korean traders are positioning high-quality altcoins, and AltCoin is expected to strengthen in Q4

robot
Abstract generation in progress

BlockBeats news, on September 25th, according to the analysis company CryptoQuant's Korean BTC premium index, the index turned negative on Wednesday, falling to -0.55, the largest discount since October 2023. In addition, volume data from Korean trading platforms also shows that people are turning to altcoinCryptocurrency with high beta values (Volatility greater than market Volatility). Markus Thielen, founder of 10x Research, also stated in a recent report that swift traders are seizing the opportunity, buying a large amount of their favorite AltCoin, and a strong pump is expected in the fourth quarter. With BTC breaking through $60,000 and aiming to surpass $65,000, savvy traders have already accumulated undervalued AltCoins, including TAO, ENA, SEI, APT, SUI, NEAR, and GRT.

BTC0.04%
X-0.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)