This round of the rise is mainly driven by the forces that Forbes previously summarized in a list of zombie cryptocurrencies. Coincidentally, this wave of market movement resembles a zombie resurrection. The zombie list is as follows: XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS
I roughly checked the growth rates of these tokens over the past 7 days: XRP rose by 110%, ADA rose by 50%, LTC rose by 50%, ICP rose by 30%, ALGO rose by 120%, EOS rose by 50%, and XTZ rose by 45%. Basically, all the projects in this list have performed well, and they are not small market cap tokens, with most being above 10.
Of course, since these projects were discovered by Forbes, it relies entirely on being part of Coinbase's listed projects. So everyone knows where the driving force of this wave of market movement lies, which is in US concept coins, CB concept coins, and Upbit concept coins.
The main battlefield for this round of trading is on Upbit, so what we need to do now is to find projects that encompass all three concepts, yet have not risen too much and do not have particularly exaggerated market caps to invest in.
The recent market will see frequent rotations. The benefit of a bull market is that good projects will attract attention regardless of their location. As long as your project is associated with the aforementioned favorable concepts, funds will be able to find it, no matter how deep they have to dig. Therefore, at this time, the bold will thrive while the timid will starve. Small investors can try to concentrate their funds and invest heavily in a few projects.