Traders Aren’t Falling for Crypto Name Changes But Love Them Anyway
- Professional day traders are jumping into speculative frenzy
- HFTs, algos also pour in, trying to profit off of ‘dumb money’
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Who the heck buys into this crypto-mania in the stock market?
The answer just might surprise you. Turns out, some experienced day-traders are trying to ride the surge of buying that invariably follows companies that suddenly reinvent themselves as blockchain ventures. That’s enough, market watchers say, to bring in high-frequency traders and computer algos.