QCP Capital: Funds are Accelerating into Major Altcoins, Led by ETH and SOL
According to The Block, QCP Capital noted that with the slowdown in inflation and the boost from the US-Saudi trade agreement, funds are rotating from Bitcoin to mainstream altcoins, driving a market rebound. ETH, SOL, and XRP have risen by 58%, 35%, and 23% respectively this month, significantly outperforming BTC's 22%. Analysts say that ETH's fundamentals are strong and it may become the key allocation direction for the next phase of funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Dollar Index falls to near 101.50 amid Fed rate pause odds, easing safe-haven demand
Utexo Mint open beta: Get early access to USD₮ on the bitcoin blockchain
"Demand destruction" and tug-of-war over Saudi attack risks, international oil prices fall more than 2%
Traders weighed the impact of Saudi attack risks and sharply reduced demand, causing oil prices to fall more than 2%.
JPMorgan maintains "Neutral" rating on Johnson & Johnson (JNJ.US): Strong data from two anti-cancer drugs, but valuation premium limits upside potential
Johnson & Johnson’s new prostate cancer drug and head and neck cancer drug Ervantumab both released positive data at ESMO. JPMorgan stated that the pipeline shows differentiated potential but valuations are relatively high, maintaining a Neutral rating.
Crypto prices
More
