Crypto Market in Zen Mode as Bitcoin Remains Stable at 70K Ahead of Halving - CoinDesk
| ALGO Crypto | USD 0.23 0.01 4.17% |
About 62% of Algorand's investor base is looking to short. The analysis of the overall investor sentiment regarding Algorand suggests that many traders are alarmed. The current market sentiment, together with Algorand's historical and current headlines, can help investors time the market. In addition, many technical investors use Algorand crypto news signals to limit their universe of possible portfolio assets.
Algorand |
Crypto Market in Zen Mode as Bitcoin Remains Stable at 70K Ahead of Halving CoinDesk
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Algorand Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Algorand crypto coin to make a market-neutral strategy. Peer analysis of Algorand could also be used in its relative valuation, which is a method of valuing Algorand by comparing valuation metrics with similar companies.
Peers
Algorand Related Equities
| DIA | DIA | 1.32 |
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| MORPHO | Morpho | 2.44 |
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| STETH | Staked Ether | 2.66 |
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| EIGEN | EigenLayer | 2.73 |
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Check out Cryptocurrency Center, Algorand Correlation and Algorand Performance. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.