Taking advantage of the adjustment of BTC and meme sectors, funds rotated to Ethereum ecological tokens and unpopular altcoins. However, some old altcoins, such as xrp, ada, xlm, eos, etc., have increased more. XRP even returned to the top three in market value, with a total market value of up to 250 billion US dollars.
Tokens have a characteristic. After a long period of bottom consolidation, there is no hot spot and no concept. Retail investors have few chips left, and the market makers have a high degree of control. Therefore, even if the market value is large, the resistance to pull is small.
Compared with the previous cycle, this cycle has more vc altcoins and meme coins, which disrupted the original rotation order to a certain extent, but the market trend and cycle generally do not change. The pull of unpopular old coins does indicate market risks to a certain extent. The wind comes quickly and may go away quickly. Especially in this round of altcoin season, there is no ecological narrative. The number of coins and the overall market value are much higher than the previous cycle. It is a bit false to rely purely on funds to pull the market.
But when will the market end? It is hard to say. It will require obvious negative news or a general contract squeeze. For some old currencies with large short-term gains, you can consider reducing your positions and lock in profits.
Core strategies in the bull market:
1. Don’t rush to change positions: Unless you have made enough profit, it is not advisable to adjust your positions frequently. Patience is the key.
2. Patience is crucial: The trend of the bull market cycle is upward, the bottom is constantly rising, and holding chips is the key to making profits.
3. There are ten thousand reasons for the rise: When the market rises, there are always various reasons and signals, but holding positions and seizing cyclical rises is a stable strategy.
Why $XYO?
Market value: $279 million
▶24-hour trading volume: $111 million
Today's price of XYO Network (XYO) is US$0.02033, with a 24-hour trading volume of US$110,547,427. This indicates a price increase of 121.22% over the past 24 hours and 122.69% over the past 7 days. With a circulating supply of 13.93 billion XYO, XYO Network's market cap is US$278,551,633.
XYO is a collaborative network of providers that collect and verify real-world data, aiming to revolutionize how data is collected and used in the real world.
Why $VET?
Market value: $5.452 billion
▶24-hour trading volume: US$979 million
Today's price of VeChain (VET) is US$0.06712 with a 24-hour trading volume of US$978,891,391. This indicates a price increase of 30.96% in the past 24 hours and 62.66% in the past 7 days. With a circulating supply of 80.99 billion VET, VeChain's market cap is US$5,452,060,839.
Founded in 2016, VeChain (VET) is a blockchain platform designed for supply chain management applications.
Why $RSR?
Market value: $681 million
▶24-hour trading volume: $119 million
Today's price of Reserve Rights (RSR) is US$0.01276 with a 24-hour volume of US$119,218,600. This indicates a price increase of 33.29% in the past 24 hours and 51.89% in the past 7 days. With a circulating supply of 53.29 billion RSR, the market cap of Reserve Rights is US$680,696,323.
Reserve Rights is an ERC-20 token that plays two key roles in the Reserve Protocol.
RSR is more than just a governance token. It also serves as a safety net for RToken holders in the event of a collateralized token default.
Why choose $QNT?
▶ Market value: $2.064 billion
▶24-hour trading volume: $358 million
Today's price of Quant (QNT) is US$141.44, with a 24-hour trading volume of US$358,278,549. This indicates a price increase of 22.53% over the past 24 hours and a price increase of 43.19% over the past 7 days. With a circulating supply of 14.54 million QNT, Quant's market cap is US$2,064,329,800.
QNT is an Ethereum-based token designed to enable interoperability between blockchains, particularly for institutions.