Recently, the altcoin market has been active, especially APE, which has surged over 100% in a short period, driving strong performances in multiple projects such as DYDX, AP13, and MAGIC, particularly in the gaming and NFT sectors, where the increases are particularly significant.
The rotational effect in the altcoin market is very evident, with many projects still in a value trough. Once funds flow in, it could trigger a significant surge, easily achieving increases of several percentage points.
In the current volatile market, positioning some undervalued altcoins may be a good investment opportunity.
Additionally, the ETH to BTC exchange rate has recently performed strongly, indicating an increase in market demand. Investors are advised to closely monitor the trend of ETH to capture potential upward opportunities.