Chainfeeds Digest:
Those former counterfeit stars who have long since lost their dominant position in the public opinion market seem to be quietly returning in another way.
Source:
https://www.panewslab.com/zh/articledetails/p31k28sh.html
Author:
PANews
Viewpoint:
PANews: From the overall data, the market has indeed entered a collective upward trend in the past month. The average maximum increase of all tokens reached 166%, which means that almost all tokens have increased by more than 100%. In the sample analyzed, there are 4 tokens with an increase of more than 10 times, 11 tokens with an increase of more than 5 times, and 53 tokens with an increase of more than 2 times, accounting for 18.3%. The number of tokens with an increase of more than 100% reached 171, accounting for 59%. That is, nearly 60% of the mainstream tokens have increased by more than 100% in the past month. Among them, the token with the largest increase is the token of the Web3 game platform OL, with an increase of 2784.99%, but considering that this token was only launched on OKX on November 18, its subsequent trend is still to be observed. Which sectors are the hottest tracks in the current market? From the summarized results, the tokens related to the game concept have an average maximum increase of 273.4%, becoming the hottest counterfeit track at the moment. MEME coins are the second, with an average maximum increase of 225%, followed by metaverse, Layer1, and social sectors. The sector with the smallest increase is the fan economy sector (tokens based on various football teams or clubs), which is only 85%. However, the analysis found that the leading increase in the game sector does not seem to be due to the real heat of the game sector, but because the newly launched OL and the previously successful X both belong to this sector. Excluding these two projects, the real average value of the game sector is about 148%, which is not as high as the overall increase of Layer1. Although the overall market is improving, it also often means greater volatility. PANews has counted the retracement range of these tokens after reaching their highs. From the overall data, there are 25 projects that have experienced a retracement of more than 50% after reaching their highs. The tokens with the largest retracements are: DORA (92%), MORPHO (88%), MEMEFI (83%), RADAR (78%), and DEP (77%). Among the 25 tokens with the largest retracements, MEME coins, DeFi, and game-related tokens account for the highest proportion, all accounting for 20%.
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