The rotation of sectors is the norm in the market and usually goes through a long period of consolidation, while the upward movement is brief and rapid. Currently, meme coins are undergoing an on-chain test, and many coins have significantly retraced, making it an opportune time to find meme coins with strong consensus and community support for bottom fishing.
As for why old coins are collectively recovering, there may be several reasons:
Old coins have ample funding behind them, as many projects secured significant financing in their early stages;
Strong control of the market means that the bottom chips are firmly in hand, leading to minimal fluctuations;
These old coins enjoyed the benefits early in the blockchain era, possessing early assets like BTC and ETH, thus having strong financial backing;
With the traffic advantage of mainstream exchanges, old coins can quickly attract funds when they want to rise, and conversely, can be rapidly sold off at any time.
