MILD MARKET ADJUSTMENT, LARGE ALTCOINS STILL HOLDING GREEN! 📉🟢📊
Quick update from CoinMarketCap (morning 09:30 AM UTC):
The global cryptocurrency market capitalization is currently at $3.80 TRILLION, DOWN 1.61% in the past day.
Bitcoin (BTC) is trading at $110,972, UP 0.58%, indicating relative stability.
While the overall market is undergoing adjustment, most major altcoins are trading POSITIVELY:
PERFORMANCE OF MAJOR ALTCOINS:
ETH: $4612 (+3.92%)
SOL: $204.58 (+8.32%)
LINK: $24.52 (+6.29%)
DOGE: $0.22072 (+4.53%)
XRP: $3.0142 (+3.28%)
ADA: $0.8655 (+2.84%)
BNB: $859 (+1.77%)
Notably, some names recorded OUTSTANDING increases: NMR (+109%), LPT (+30%), and MOVR (+16%).
OVERALL ANALYSIS:
Data shows a clear DIVERGENCE. While total capitalization is down (possibly due to selling pressure from smaller altcoins), the capital flow is still FOCUSING on "blue chip" altcoins and keeping BTC stable.
The slight fluctuation of BTC and maintaining the green color is an IMPORTANT FACTOR, creating CONFIDENCE for the market to allow capital to flow into major altcoins.
The strong growth of ETH and especially SOL shows INVESTOR CONFIDENCE in leading Layer 1 ecosystems remains very high.
The surge in NMR, LPT, MOVR indicates that although the overall market is somewhat stagnating, capital flow is still actively seeking breakthrough potential projects or following specific narratives.
According to AE, which ecosystem will see strong capital inflows next (ETH, SOL, ...)? AE, please share your views for everyone to reference!
Note: This information is for reference only and is not investment advice.
