No further argument, today is DOGE day! DOGE price increases 100% in just 1 day!
I am checking the top coins/tokens that have gained the most in the last 7 days.
Unexpectedly, we see DOGE 470%, ETC 91.6%, VET 71.9%, BCH 63.9%, BSV, 63.2%, XVG 55.7%, XRP 53.9%, ZEC 43%, DASH 42.8%.
These 9/15 of coins/tokens are familiar to me from 2017-2018, they have a large cap, above 1B USD.
This surprised me, I think I will see DeFi or NFT projects come up and take the first place, because DeFi & NFT is still the main trend of crypto market. However, according to the results from CoinGecko, old coins/tokens with a large capitalization are receiving a huge amount of money from market.
As far as analysis and prediction is concerned, traditional coins/tokens receive cash only when market goes into the middle of a bull cycle. And this can be seen as confirmation of this. We will soon see tokens like TOMO, WAVES, EOS, XLM, XMR and especially ETH going into the x5 against BTC.
What do you think about this? Do you have any comments on the trend of the cash flow in coming period? Has the traditional coin/token season arrived?