Original title: "ETH soared by nearly 12% in a single day, which altcoins generally follow suit?" Original

article by Wenser, Odaily Planet Daily

ETH soared by nearly 12% in a single day, and the "E guards" raised their eyebrows again!

At the same time, with many people seeing the rise in ETH as a harbinger of the "advent of the altcat season", today, a few years after ETH took off the "altcoin" hat, the market focus has shifted to what the next wave of altcoins that will continue the upward trend may be? With this in mind, Odaily will explore the potential targets in this article. It should be noted that this article is only a personal opinion sharing, does not constitute investment advice, and is for readers' reference only. In addition, the market reaction often has a certain lag, and many times the value is not the same as the price, and the token price increase of representative projects is the result of a combination of factors, so please also ask DYOR.

ETH ecological infrastructure tokens: LINK, UNI, MKR, 1INCH, CRV

As the corresponding tokens of infrastructure construction projects in the Ethereum ecosystem, LINK, UNI, MKR, 1INCH, CRV, etc. are all favorite investment targets for crypto OG, crypto whales and veteran traders.

Previously, we sorted out a series of value coins in detail in the article "Smart Money Tracking on the Chain: A Collection of Addresses of Top 10 Value Coin Position Builders" in June last year, among which LINK and UNI can be called the "greatest common divisor".

In addition, the projects behind tokens such as MKR, 1INCH, and CRV can be called the mainstay of the Ethereum ecosystem DeFi space, so relatively speaking, although these 3 tokens have experienced a wave of growth recently, I personally believe that there is still some upside potential.

The price list (as of the time of writing on July 17) is as follows –

· LINK: $16.92;

· UNI: $8.95;

· MKR: $1900;

· 1INCH: $0.32;

· CRV: $1.02.

ETH Ecological Meme Coins: MOODENG, DOGE, PEPE

As one of the most active ecosystems of meme coins in the past, although the current "meme coin limelight" of the Ethereum ecosystem has been overshadowed by the Solana ecology and even the BSC ecology, with the rise of ETH prices, the meme coins of the Ethereum ecosystem are still expected to usher in a wave of liquidity overflow-guided price increases. MOODENG is one of the few "Vitalik concept tokens", and PEPE is a symbolic meme coin like a cultural symbol.

Of course, compared with the price high, it is usually difficult for the old meme coin project to return to the previous high, especially the project whose market value has reached a certain level, therefore, for this kind of token, it is usually possible to set a certain take-profit standard, such as an increase of 15%, 20%, 30%, etc., and the author usually opens a small position to fight a probability.

The price list (as of the time of writing on July 17) is as follows –

· MOODENG: $0.2;

· DOGE: $0.21;

· PEPE: $0.000013.

ETH Conduction Sector Tokens: AERO, BRETT, TOSHI

In addition to the tokens directly related to ETH, the Base ecosystem is also one of the markets within the scope of the Ethereum ecosystem, and among them, AERO is the unsurpassed token in the DeFi sector; BRETT is the leading token of the Meme coin sector of the Base ecosystem; TOSHI belongs to the Meme coin project that is closely related to the Base ecosystem and the Base official.

The price list (as of the time of writing on July 17) is as follows –

· AERO: $0.91;

· BRETT: $0.062;

· TOSHI: $0.0007.

Other tokens to be raised: WLD, ENS

After the price broke through $11, the market gradually lost patience with its market narrative, the team's changing token unlocking operations, and frequent coin selling and smashing, and the price fell all the way to the current $1 or so. However, as a crypto project backed by OpenAI's founder Sam Altman, it still retains the potential and possibility to become the next "DID project in the era of artificial intelligence", so I personally think it can be added to the waiting list.

ENS is the "favorite" of Ethereum founder Vitalik, and has always been regarded as "the only remaining fruit of the Ethereum ecosystem except for financial speculation and speculation", although it has rarely endorsed the token platform recently, but as an "orthodox representative project of ETH", it is still regarded as a high-potential target by the market, so it has been added to the watch list to be raised.

The price list (as of the time of writing on July 17) is as follows –

· WLD: $1.11;

· ENS: $26.99;

Summary: After ETH rose, the market entered a period of psychological game

As the price of ETH rebounded above 3400, the crypto market's expectations for the copycat season have been raised again, and as a result, different market groups, crypto-native people and traditional financial people, traditional financial markets and global economic markets have opened a new round of psychological games: on the one hand, people not only want to buy mainstream tokens that have risen relatively steadily, such as ETH and other public chain tokens, and old tokens in the DeFi track, but it is inevitable that others will buy which potential targets are waiting to rise; On the other hand, the review and approval of different altcoin ETFs by the US SEC will also have an important impact on the crypto market in the second half of the year.

In other words, people are now paying attention not only to "tokens that they think will rise", but also to "tokens that they think others think will rise".

Finally, the Coinbase 50 Index and Grayscale Quarterly Carefully Selected Tokens may also be good reference targets, and interested readers and friends click the link to view.

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