The current market has several obvious characteristics:
Strong comeback of old coins
Some old coins issued before the last bull market, such as EOS, XLM, and NEO, are experiencing a surge. Coins from the ancient era are also starting to skyrocket. Some new coins on Binance have not shown significant gains, while those old coins, especially those with a circulation over 50%, are more likely to attract market enthusiasm.
Integration of blockchain with the real world
Fields such as RWA (Real World Assets), DePIN (Decentralized Infrastructure Network), and DeFi are becoming the core of the market. Particularly in the stablecoin sector, coins like MKR, CRV, RSR, and TRU saw a collective surge yesterday. The DePIN sector's XYO and IOTA also continue to rise.
Spot market led by Coinbase
From the trading volume of XRP, it is evident that US capital is leading this round of market movements. The market is still in the first phase of capital accumulation, and a second phase of altcoin rallies is expected to follow. The overall market trend is anticipated to continue until the first quarter of next year. Forget Bitcoin and cherish these months of the altcoin golden era. The current market is still full of opportunities, especially for projects closely tied to the real world, which may become the focal points of explosive growth in the coming months.