The cryptocurrency market is experiencing a surge, with old and new tokens taking turns
Recently, a series of noteworthy changes have emerged in the cryptocurrency market. Notably, some established mainstream tokens like XRP, XLM, and ADA have seen explosive price increases, catching everyone's attention. At the same time, emerging tokens in the AI, RWA, and MEME categories have also maintained a continuous upward trend, overall showing a general oscillating upward movement.
This surge can be termed the beginning of a "Shanzhai bull market." Unlike before, this round of market activity has exceeded conventional expectations. XRP skyrocketed more than five times in just five weeks, even briefly surpassing SOL to become one of the top five tokens by market capitalization, which is indeed hard to imagine, considering it has always been a veteran mainstream token. Not only that, but other old mainstream tokens like XLM and ADA have also demonstrated strong upward momentum.
It is worth noting that emerging tokens are also not backing down, continuously maintaining high levels. The AI, RWA, and MEME series have almost never interrupted their upward trend. Perhaps this is the manifestation of this round of the "Shanzhai bull market"—a blend of old and new, overall showing a general oscillating upward trend.
Currently, the market share of leading tokens like Bitcoin has dropped from 60% to 54%. If it eventually falls below 40%, it is likely that this bull market is nearing its end. Overall, most tokens are showing accelerated increases until they eventually decline. #每日瓜分1BNB #ADA、ENA大额解锁