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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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QCP Capital: The LIBRA 'Rug Pull' scandal may suppress the AltCoin and Meme coin market, as the Options market is watching for policy changes
ChainCatcher news, QCP Capital's latest analysis indicates that as the market continues to trade Sideways, BTC's market dominance has risen to about 60%, nearing a four-year high, while ETH and other alternative coins continue to perform poorly. The analysis suggests that the recent scandal involving Argentine President Mile's LIBRA project 'Rug Pull' may impact similar projects' development and suppress AltCoin and Meme coin markets. The report emphasizes that despite the many uncertainties in the macro environment, the implied volatility of cryptocurrencies and VIX are still at low levels, indicating that the options market is waiting to see specific policy changes rather than just focusing on bullish remarks. Currently, most of the trading is concentrated on selling volatility or range trading in the near term, rather than betting on a major breakthrough in the market.