Recently, XRP's rise has been very strong, driving many old mainstream coins to rise as well. The main reason may be that the investors in these coins have gone through a large-scale 'washing', and now there are fewer remaining investors, making the market lighter and easier to rise. Currently, Bitcoin is testing the support level around 95000, and according to the liquidation chart, the support around 95000 is still quite strong. The pressure above is around 99000. It is expected that when U.S. institutions start trading, the price is likely to rise. Therefore, there is no need to worry too much about the daytime correction; you can consider positioning at lower prices.

From the perspective of the market cap share of Bitcoin, there may still be some room for market correction, which means some altcoins still have upward potential.

XRP's increase this time is really strong, becoming the most eye-catching among the old mainstream coins. Previously, due to being sued by the U.S. Securities and Exchange Commission, XRP did not perform well in the last bull market and basically 'developed cautiously' for a long time. However, recently, it finally welcomed a big explosion. Last month, it rose from a low of $0.5 to nearly $2.5 today, a fivefold increase in just one month. It is worth noting that XRP's market capitalization is already very large, so whether it can continue to rise depends on whether the main forces have adequately washed the plates. Once the chips are well distributed, it may continue to rise like a parabola. Once a large-cap coin starts to rise, it is often hard to turn back down.

Besides XRP, other coins that have risen well recently include DASH, HBAR, LTC, IOTA, ADA, etc.

If you chase coins that have already risen in the market, the cost-effectiveness is not high, and it is better to accumulate some potential coins at lower prices. Today, you can focus on the catch-up opportunities for coins like MKR, GRT, DYDX, APE, YGG, and MAGIC.

Among them, MKR belongs to the RWA sector, with a peak at around $4000 at the beginning of the year, now it's about under $2000. During today's Bitcoin drop, MKR performed relatively strongly. The RWA sector is also one of the areas currently attracting capital attention, so MKR's catch-up is just a matter of time.

Let's talk about GRT again. During the last bull market, this project was also involved. Its peak reached $2.8, and now the price is at $0.28, which means there is a tenfold increase potential. GRT belongs to the AI sector, with huge potential for catch-up growth.

YGG and MAGIC belong to the blockchain gaming sector. Currently, this sector seems not to have started catch-up growth yet, but once it does, it may lead to a big rise, so it is recommended to consider low-position ambush.

Finally, the DYDX project has also been mentioned before. It has just recovered from the bottom, and each project's explosion node is different. Just like ENS before, it was originally stagnant, but once it started to surge, it went from $20 to nearly $50 directly.

Today's article ends here. Everyone is welcome to come to the homepage and play together~

Investing carries risks, and the above content is personal sharing and does not constitute investment advice!