Market Trends:
BTC is oscillating at a high level, failing to break through the $100,000 mark, with its dominance decreasing on a weekly basis. Old coins have surged, and historical data shows that during bull markets, BTC's average correction is about 30%. Meanwhile, US stocks are rising, and the dollar continues to weaken.
Market Highlights:
Established Coins: XLM, KSM, HBAR, etc., are experiencing strong rebounds. The rise of old coins indicates that the market is driven more by sentiment, with past speculators returning, and the first choice remains familiar tokens.
Gaming Sector: Old coins like SAND, MANA, AXS, etc., have surged significantly, and the sector rotation is nearing its end.
On-chain Memecoins: Small coins like CHILLGUY, RIF, URO, etc., are seeing a rebound, with hot money flowing back on-chain, as the market is betting on the next wave of BN listing opportunities. $XLM $MANA $AXS