The altcoin market experienced a surge in optimism following the Token 2049 event. Historically, this event triggers gains in the altcoin sector as it is influenced by major cryptocurrency movements. Coincall data shows increased volatility for altcoin options, with a significant rise in the Put/Call ratio and an impressive increase in trading volume. Solana (SOL), ORDI, and XRP were among the most traded altcoins. The recent rally in the broader crypto market has made investors increasingly bullish on altcoins. Options traders are buying long-term call options to anticipate future price increases, while some are selling short-term put options, indicating confidence in positive market momentum.



Other News from Today