","button_title":"Play-to-Earn Game List","span_one":"No obligations","span_two":"Free to use"}},"header":{"homepage":"Homepage","Game Reviews":"Game Reviews","Game List":"Game List","Developers":"Developers","Developer List":"Developer List","Gaming News":"Gaming News","search":"Search","local":"en","Popular P2E Developers":"Popular P2E Developers","Play To Earn Games":"Play To Earn Games","P2E Games":"P2E Games","Crypto Games":"Crypto Games","Web3 Games":"Web3 Games"},"meta":{"title":"Games to Earn, Blockchain, NFT, P2E Games List","description":"Play hundreds of games! Games to Earn, P2E, Blockchain, NFT, Crypto, Web3 Games. Read game reviews and start playing right away. Play now!","ogType":"article","keywords":"NFT Games, Crypto Games, Earning Games, Earning Games, Blockchain Games, P2E Games"}}},"initialLocale":"en","ns":["news_letter","singleNews","singleGame","footer","common","header","meta"],"userConfig":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true,"default":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true}}}}Shield Your Bitcoin Investments: Expert's Guide to Betting Against Altcoins in Uncertain Times - Play to Earn Games News
Shield Your Bitcoin Investments: Expert's Guide to Betting Against Altcoins in Uncertain Times
Reinout te Brake | 19 Aug 2024 17:45 UTC
In the ever-evolving landscape of cryptocurrency trading, strategies that once reaped substantial profits may need to be re-evaluated to align with current market dynamics. An innovative approach recommended by Markus Thielen, the CEO of 10X Research, suggests that bitcoin traders could benefit from hedging their BTC exposure by taking short positions in altcoin perpetual futures. According to Thielen, this alternative strategy offers a viable route to mitigate risks and capitalize on evolving market dynamics, which could redefine profitability in today's crypto ecosystem.
Understanding the Shift in Market Dynamics
Historically, the traditional buy-and-hold strategy has been a go-to for many investors. However, as Thielen notes, this strategy may no longer deliver the same level of substantial profits due to changes in the market's behavior. A significant factor to consider is bitcoin's rising dominance, which has escalated to 56%, while altcoin dominance, excluding ethereum (ETH) and stablecoins, has seen a sharp decline to just 16%. This trend, beginning in December 2022, signals a structural bear market for altcoins, possibly lasting weeks or even months.
The Strategic Advantage of Shorting Altcoin Perpetual Futures
For traders with access to altcoin options and perpetual futures markets, Thielen suggests a hedge against bitcoin exposure by shorting a basket of perpetual futures of altcoins, specifically recommending the ten most liquid altcoins outside ethereum and Solana. This methodology aims to leverage the ongoing trend of bitcoin outperforming altcoins, providing a promising hedging strategy despite the cautious outlook on bitcoin's short-term upside potential. The research underscored the importance of adopting a hedge fund-like approach in the current crypto context, focusing on short-term trading around macroeconomic events and effectively managing downside risks.
Market Pressures and the Need for Innovative Risk Management
One of the key drivers behind this strategic recommendation is the continuous pressure from altcoin token unlocks, expected to flood the market with an excess supply ranging from $2 billion to $5 billion monthly. These unlocks are outpacing bitcoin inflows from ETFs and stablecoins, making it challenging for the market to absorb the selling pressure. Thielen's approach draws parallels with bitcoin risk management techniques employed by hedge funds in traditional financial markets, signifying its potential viability.
Increased Speculation in Solana and BNB Futures Markets
A significant increase in open interest for Solana (SOL) futures, growing from around $500 million to peak at over $3 billion before settling at approximately $2 billion, suggests a surge in trader engagement and speculation in SOL futures markets. Similarly, the binancecoin (BNB) futures open interest chart reveals a notable uptrend, rising from about $300 million to peaks of over $1 billion, and maintaining elevated levels around $500 million. These figures indicate heightened trading activity and market interest in these derivative products.
This substantial rise in open interest across key altcoins underlines the growing complexity and sophistication of the crypto trading landscape, further emphasizing the need for informed and dynamic trading strategies.
Conclusion: Embracing the New Trading Paradigm
The evolving dynamics of the cryptocurrency market demand a reassessment of traditional trading strategies. As bitcoin continues to outperform a broad spectrum of altcoins, leveraging altcoin perpetual futures as a hedging tool emerges as a strategic response to mitigate exposure risks. This innovative approach, as outlined by Thielen, not only adapts to the current market conditions but also paves the way for traders to navigate the complexities of the crypto markets more effectively. By adopting a hedge fund-like mindset and focusing on risk management, traders could potentially harness these market dynamics for favorable outcomes.
In essence, agility, informed decision-making, and a proactive approach to risk management stand at the core of sustaining profitability in the ever-changing landscape of cryptocurrency trading.
In the ever-evolving landscape of digital currencies, a new contender has emerged, promising a revolution in the way we perceive value within the blockchain sphere meme coins, predominantly shiba Inu (SHIB) and Dogecoin (Doge), have long captivated the market with their viral appeal but limited utility However, a paradigm shift is on the horizon with Rollblock (RBLK), a novel ethereum GambleFi crypto token, offering unique revenue sharing and passive income opportunities that starkly contrast with the intrinsic value void seen in its meme coin counterparts
Evaluating the True Value of Cryptocurrencies
The world of cryptocurrency is, at its core, a domain marked by rapid fluctuations and speculative investments SHIB and Doge have become household names, riding on waves of social media hype and community fervor, yet they remain vulnerable to sudden market changes...
In the ever-evolving landscape of cryptocurrency, the fascination for trading meme-inspired digital assets, particularly those depicting our beloved furry companions, dogs and cats, shows no sign of abating In fact, the trend is diversifying and finding new grounds within other blockchains, a phenomenon that has recently seen a significant uptick in activity and interest
New Frontiers for meme coins
The Tron blockchain, a platform known for its ambition and rapid development, has recently launched its very first flagship meme coin named Sundog (SUNDOG) Since its inception on August 15, Sundog has experienced a meteoric rise, capturing the imagination of the crypto Twitter community and marking its territory within the meme coin landscape As the figures stand, Sundog’s market capitalization skyrocketed to $126 million, after briefly touching the $325 million mark...
Fabric Cryptography Raises $33 Million for Advanced Cryptography Chip Development
The technology landscape is evolving, and with it, the need for enhanced data privacy and security solutions Amid this backdrop, Silicon Valley-based startup Fabric Cryptography has successfully garnered $33 million in a Series A funding round The company's mission to revolutionize the field of cryptography through the development of a specialized chip, the Verifiable Processing Unit (VPU), marks a significant step towards addressing the complex needs of cryptographic processing
Support from Leading Investors
This substantial financial injection was spearheaded by co-leaders Blockchain Capital and 1kx, joined by other notable entities such as Off-chain Labs, Polygon, and Matter Labs This follows an initial seed funding phase where Fabric Cryptography secured $6 million, guided by Metaplanet with contributions from other significant investors like Inflection and Liquid2 Ventures...