The current market main line shows the following major characteristics:
Old coins rising: Some old coins that were issued before the last bull market, especially projects with a circulation of over 50%, such as EOS, XLM, NEO, etc., are experiencing a strong rebound. In contrast, new coins from Binance are performing flat, with smaller increases.
Combining blockchain with the real world: The current mainstream direction focuses on RWA (Real World Assets), DEPIN (Decentralized Physical Infrastructure Networks), and DEFI (Decentralized Finance). In particular, projects in the stablecoin sector such as MKR, CRV, RSR, and TRU have recently seen significant increases, while projects like XYO and IOTA in the DEPIN sector are also continuing to rise.
U.S. capital dominance: The trading volume of XRP shows that U.S. capital is dominating the rise of this market trend. At the same time, Coinbase's spot market also shows strong buying pressure.
The current market is still in the first phase of capital grabbing, and with the further warming of altcoins, we expect to welcome the second phase of mainstream altcoin rising waves. Considering that this wave may continue until the first quarter of next year, we suggest temporarily setting aside attention to Bitcoin and cherishing this golden era of altcoins.
