In the past week, the virtual currency market suffered a bloodbath, and the decline of Luna coins in the market was somewhat panic selling. However, short-term estimates are still dominated by shocks, and you can continue to wait and see.
LUNA released the latest proposal yesterday. Holders of old coins LUNA and UST can airdrop new coins LUNA. The proposal is still in the voting period, but most people have voted in favor of the proposal, and the approval rate of the proposal has increased.
If this proposal is passed, almost 65,000 old LUNA coins can be airdropped for 1 new LUNA, and 42.5ust can be airdropped for 1 new LUNA coin. According to the current price, 65,000 old LUNA coins are worth about 10U, 42.5ust The value is about 4U.
In this way, if you follow up, it will definitely be more cost-effective to buy UST, which is why UST was rising two days ago, but LUNA did not. In the morning, the UST fell again, reducing the cost.
However, there is also a lock-up mechanism for airdrops. There are few coins in the early stage, and there are still risks. After calculating the circulation of the upper line, it is estimated that the price can be above 10U. Coins are unlocked, I still don’t know how the project will be, it is estimated that it will be difficult to develop, and the price will not be too good.
If you want to enter the market, you can buy some UST Bo Yi Bo with a small amount of money, but the risk is also high. The above is only my own judgment, not necessarily accurate.
Recently, I have been studying some arbitrage operations in the currency circle, including the operation of using contracts to obtain the funding rate of major exchanges. When the funding rate is negative, you can get the funding rate by going long. When the funding rate is positive, you can go short. Eat the funding rate.
After calculation, sometimes the high annual rate is still relatively large, there are hundreds of annual rates, and the low rate is dozens, which is higher than the stablecoin mining income, but there are risks, so don’t operate it arbitrarily if you don’t understand. Even if you invest a small amount of money to participate, you must understand the logic inside.
For example, the funding rate of a certain coin is positive. When the deviation is relatively large, you can buy it on the spot, and then short the contract to hedge to earn funding. It should be noted that the price of the spot and the contract should not be too different, otherwise there will be losses.
If the funding rate of a certain coin is negative and the deviation is relatively large, you can sell the borrowed currency on the exchange, and then hedge the contract to earn funding fees. It should be noted that the interest of the borrowed currency is less than the income of the funding rate, otherwise there will be losses.
When the market is bad, you can read more books, write more, and learn some basic skills, or you can visit friends with high knowledge and build relationships. Maybe when the market is good, a piece of information can help you make a lot of money.