"Current Market Scan"
This afternoon, I casually checked some tokens on Binance to see how the market has changed over the past month:
Most currencies have increased 2-3 times in the past month;
Some coins have risen by 50%-100%;
A few coins like People have little growth;
There are also some coins that have increased by around 50%.
Overall, ETH has risen by about 50% in the past month.
Therefore, if we look at the increase alone, the altcoins in the currency circle have outperformed ETH.
However, the differentiation between various sectors is not obvious, and there is no significant difference between new coins and old coins. The current rise is more a manifestation of the collective self-rescue of some altcoin dog dealers who have been suppressed for a long time.
At this time, buying a rising currency does not mean that you have a unique vision. I also have some wallets that I almost forgot about, and ended up increasing several times this month.
One characteristic of a bull market is that all sectors will rise. But the key is what will happen next? I think there will be a process of rotation, and during the rotation there will be an obvious differentiation between strengths and weaknesses.
The following sectors are promising:
New narratives will see a large increase, especially AI-based projects;
Small-cap currencies rose much more. Small market capitalization currency standard pricing, under an upward trend, their currency standard increases may be astonishing;
In the BTC ecosystem, native assets denominated in BTC may lead to currency-based gains that make people question their lives. Don't get off the bus easily at this stage.