Established coins are also seeing rotation in the post-election rebound. According to CoinGecko data cited by InvestIn.News (reading taken at 10 p.m. Beijing time tonight):
• $XTZ 24 hours: up about 10.55%, at $0.2764, with trading volume of about $38.7 million
• $STX 7 daily gain: about 19.61%, at $0.3466; one of the older projects with the strongest gains over the past week
• $BCH 24 hours: up about 5.89%, at $289.32, ranking 19th by market cap
What’s interesting is that none of these three are part of the latest popular narratives. It looks more like funds are returning to older coins that had fallen further, as the broader market recovers, driving a catch-up rally. But the names on gainers’ lists rotate quickly, and it’s common to see gains retraced the next day. Watch whether trading volume can hold up, rather than focusing only on a single day’s percentage change.
Do you think this move in older coins is rotation or just a pure rebound?
#山寨币 #轮动 For reference only; this does not constitute investment advice.
• $XTZ 24 hours: up about 10.55%, at $0.2764, with trading volume of about $38.7 million
• $STX 7 daily gain: about 19.61%, at $0.3466; one of the older projects with the strongest gains over the past week
• $BCH 24 hours: up about 5.89%, at $289.32, ranking 19th by market cap
What’s interesting is that none of these three are part of the latest popular narratives. It looks more like funds are returning to older coins that had fallen further, as the broader market recovers, driving a catch-up rally. But the names on gainers’ lists rotate quickly, and it’s common to see gains retraced the next day. Watch whether trading volume can hold up, rather than focusing only on a single day’s percentage change.
Do you think this move in older coins is rotation or just a pure rebound?
#山寨币 #轮动 For reference only; this does not constitute investment advice.