The sectors are rotating, usually undergoing a long consolidation before a sudden surge; now is the time to test on-chain memecoins, many coins have already halved, and one can look for some strong consensus memecoins with community support to buy at the bottom;
I am wondering why old coins are collectively resurrecting and soaring? Let's think about the reasons:
1. Old coins themselves have strong financial backing, many project teams raised a lot of funds in the early stages, so they are not short of money;
2. Additionally, with strong control, the bottom chips are in their own hands;
3. More importantly, they have benefited from the early blockchain dividends, holding early BTC, ETH, and other old coins with substantial funds;
4. Mainstream exchanges in various places have listed them, with large traffic, they can rise or fall as they wish.