Memecoin made by ChatGPT for 69 now worth 618 million as casino culture rages - CryptoSlate
| W Crypto | USD 0.1 0.0001 0.10% |
About 62% of Wormhole's investor base is looking to short. The analysis of the overall investor sentiment regarding Wormhole suggests that many traders are alarmed. The current market sentiment, together with Wormhole's historical and current headlines, can help investors time the market. In addition, many technical investors use Wormhole crypto news signals to limit their universe of possible portfolio assets.
Wormhole |
Memecoin made by ChatGPT for 69 now worth 618 million as casino culture rages CryptoSlate
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Wormhole 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 Wormhole crypto coin to make a market-neutral strategy. Peer analysis of Wormhole could also be used in its relative valuation, which is a method of valuing Wormhole by comparing valuation metrics with similar companies.
Peers
Wormhole Related Equities
| PHA | Phala Network | 8.33 | ||||
| STETH | Staked Ether | 2.91 | ||||
| EIGEN | EigenLayer | 1.55 | ||||
| DIA | DIA | 2.22 | ||||
| MORPHO | Morpho | 3.21 |
Check out Cryptocurrency Center, Wormhole Correlation and Wormhole Performance. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.