Last Night's Crypto Market Highlights
ETH Strongly Breaks Through, LDO Leads Ecological Sector
Ethereum briefly surpassed $3,824 last night, hitting a new high in 25 months, driving a broad increase in Ethereum ecological tokens like LDO. Market trading sentiment is high, suggesting a focus on whether speculation continues after the U.S. stock market opens on Monday and whether institutions continue to accumulate ETH.
Altcoin Season Established, BTC Market Share Continues to Decline
In the past 90 days, 52 of the top 100 crypto projects by market cap have seen gains surpassing BTC, indicating that altcoin season has officially begun. BTC's market share has declined for eight consecutive days, currently down to 61.15%, with funds continuously shifting towards high beta assets.
Chinese Concept Coins Surge, CFX Leads
CFX broke through $0.21, surging due to positive news of “Version 3.0 launching soon” and “plans to participate in the ‘Belt and Road’ RMB stablecoin pilot.” This led to a synchronous rise in established Chinese concept coins such as CKB, ONT, and NEO, with sector sentiment rapidly warming.
DOGE Surges 8.5% in One Day, Is the MEME Sector Ready to Take Off?
DOGE's market cap surpassed $40.1 billion, driven by potential ETF sentiment. It is worth noting whether DOGE could ignite a MEME rally. Watch for PEPE, SHIB, and others to see if they strengthen, as short-term funds may rapidly rotate around these types of assets.
ZORA Soars 69%, BASE Chain Gains Popularity
ZORA's market cap exceeded $64 million, with a 24-hour increase of over 69%, becoming a focal point dark horse. The popularity of BASE chain continues to rise, but most top tokens are still performing moderately, be cautious of chasing high prices.
Binance Launches “Top Tier Project” YALA This Week
Binance announced it will launch Yala ($YALA) on July 22, which has garnered significant community attention and is considered a core project recently promoted by Binance. Pay attention to project details and launch rhythm.
NFT Sector Trading Activity Rebounds
The NFT market has seen a noticeable influx of capital, with last week's trading volume surpassing $140 million, reaching a new high since mid-January this year. As ETH activity rises, NFTs are expected to welcome a phase of speculative window.
Total Market Cap of Stablecoins Increases, On-chain Purchasing Power Rises
In the past 7 days, the total market cap of stablecoins grew by 1.21%, surpassing $261.4 billion, with on-chain purchasing power continuously strengthening, supporting the market's upward continuation.
Although the news over the weekend was relatively quiet, the market structure is evolving rapidly. This week may be a “key week,” with high volatility, high rotation, and significant market movements. Pay attention to the rhythm, be wary of chasing highs, and grasp the main lines.
