The current market main line shows the following characteristics:

Revival of Old Coins: Digital currencies issued before the last bull market, with a circulation exceeding 50%, including historically significant coins like EOS, XLM, and NEO, have also seen significant increases. In contrast, newly launched coins on platforms like Binance have performed modestly, with limited gains.

Integration of Blockchain and Reality: RWA, DEPIN, DEFI, etc., have become market focal points, leading trends. In the stablecoin sector, coins like MKR, CRV, RSR, and TRU collectively surged yesterday. Meanwhile, coins in the DEPIN sector, such as XYO and IOTA, continue to rise strongly, demonstrating the immense potential of blockchain technology's integration with the real world.

Coinbase Spot Leads: The trading volume of XRP indicates that American capital is dominating this market cycle. Spot trading on exchanges like Coinbase has become a market barometer, guiding the flow of funds and market trends.

Currently, the market is in the first phase of capital accumulation, suggesting that a second phase of altcoin rally is imminent. The overall market trend is expected to last at least until the first quarter of next year. Therefore, let us temporarily put aside the fluctuations of mainstream coins like Bitcoin and cherish and seize this golden development period for altcoins over the next few months!

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