Original Title: "ETH Surges Nearly 12% in a Single Day, Which Altcoins Usually Follow the Rise?"

Original Author: Wenser, Odaily Planet Daily

Editor's Note: On July 18, Ethereum continued its upward trend, breaking through $3,600. This article was originally published on July 17, analyzing the altcoins that might rise along with Ethereum's surge. The article has been updated with the latest prices. At the time of writing, some of the mentioned coins in the article have seen a correlated increase, while others have not followed suit. The following is the original content:

ETH soared by nearly 12% in a single day, and the "E-Guards" once again reveled in their glory!

Meanwhile, many people see ETH's rise as a harbinger of the "altcoin season." Today, after Ethereum shed its "altcoin" label years ago, the market's focus has shifted to which altcoins might be the next to continue the upward trend. Considering this, Odaily Planet Daily will explore potential targets in this article. It is worth noting that this article is only for personal opinion sharing, does not constitute investment advice, and is for reference only. Furthermore, market reactions often have a certain lag, and many times value does not equate to price. The price surge of representative projects' tokens is the result of various factors, so please always do your own research (DYOR).

ETH Ecosystem Infrastructure Tokens: LINK, UNI, MKR, 1INCH, CRV

As corresponding tokens of infrastructure construction projects within the Ethereum ecosystem, LINK, UNI, MKR, 1INCH, CRV, etc., are investment targets favored by crypto OGs, whales, and veteran traders.

Previously, in June last year, we extensively analyzed a series of valuable coin targets in the article "On-chain Smart Money Tracking: Top 10 Whale Address Collections for Value Coins," among which LINK and UNI are considered the "lowest common denominator."

In addition, projects behind MKR, 1INCH, and CRV tokens are considered the mainstays of the Ethereum ecosystem's DeFi field. Therefore, relatively speaking, although these three tokens have recently experienced a surge, I personally believe they still have a certain potential for further rise.

Price list (as of July 17 when the article was written) is as follows:

· LINK: $16.92; (Price on 7.18: $18.64)

· UNI: $8.95; (7.18 Price 9.88)

· MKR: $1900; (7.18 Price 1938)

· 1INCH: $0.32; (7.18 Price 0.33)

· CRV: $1.02; (7.18 Price 1.02)

ETH Ecosystem Meme Coins: MOODENG, DOGE, PEPE

As one of the most active ecosystems for Meme coins in the past, although the "Meme coin craze" in the Ethereum ecosystem has now been overshadowed by the Solana ecosystem and even the BSC ecosystem, with the rise in ETH price, Meme coins in the Ethereum ecosystem still have the potential to experience a price surge driven by liquidity overflow. Among them, the veteran Meme coin DOGE remains unquestionably the "king"; MOODENG is one of the few "Vitalik concept targets," and PEPE is a symbolically tokenized Meme coin representing a cultural symbol.

Of course, compared to their price peaks, it is usually difficult for established Meme coin projects to return to their previous highs, especially for projects that have reached a certain market capitalization. Therefore, for these types of tokens, it is common to set a certain profit-taking standard, such as a 15%, 20%, or 30% increase in price, etc. The author usually also takes a small position to place bets based on probabilities.

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

· MOODENG: $0.2; (7.18 Price 0.198)

· DOGE: $0.21; (7.18 Price 0.23)

· PEPE: $0.000013; (7.18 Price 0.00001369)

ETH Convergent Sector Tokens: AERO, BRETT, TOSHI

In addition to tokens directly related to ETH, the Base ecosystem is also one of the markets within the influence and radiation range of the Ethereum ecosystem. In this regard, the DeFi sector has an outstanding token, none other than AERO; BRETT is the leading Meme coin sector token in the Base ecosystem; TOSHI is a Meme coin project closely associated with the Base ecosystem and the Base team.

Price List (as of July 17th)

· AERO: $0.91; (7/18 Price $0.93)

· BRETT: $0.062; (7/18 Price $0.063)

· TOSHI: $0.0007; (7/18 Price $0.00069)

Other Potential Rising Tokens: WLD, ENS

As a token that was one of the first to hit on the AI concept in this cycle, WLD can be described as having "early to rise, late to join the party." After breaking a price of $11, constrained by its market narrative, the token's team's sudden token unlock maneuvers, and the cloud of frequent coin selling suppressing the price, the market gradually lost patience with it, leading to a continuous decline to around $1. However, being a crypto project backed by OpenAI co-founder Sam Altman, it still holds the potential and possibility of becoming the next "DID project of the AI era." Therefore, personally, I believe it can be added to the watchlist for observations.

ENS is Vitalik Buterin's "favorite," always considered by him as the "last remaining masterpiece of the Ethereum ecosystem outside of financial speculation." Even though he has recently rarely endorsed the token, as an "ETH orthodox representative project," it is still seen by the market as a high-potential asset, so it is added to the watchlist for potential price increases.

Price List (as of July 17th)

· WLD: $1.11; (7/18 Price $1.14)

· ENS: $26.99; (7/18 Price $28.56)

Summary: After ETH's Rise, Market Enters Psychological Game Period

As ETH's price rebounds above 3400, the crypto market's expectations for the altcoin season have once again been raised. Consequently, different market groups, native crypto communities, traditional financial groups, traditional financial markets, and the global economic market have begun a new round of psychological games: on one hand, people both hope to buy into relatively stable rising mainstream tokens, such as ETH and other public chain tokens, as well as established tokens in the DeFi sector, while inevitably speculating on which potential assets others will buy into for potential gains; on the other hand, the U.S. SEC's review and approval resolutions for different altcoin ETFs will also have a significant impact on the crypto market in the second half of the year.

In other words, what people are paying attention to now is not only "tokens they think will rise," but also "tokens they think others think will rise." Apart from relatively stable tokens, meme coins and tokens related to AI concepts are still key points of interest.

Finally, the Coinbase 50 Index and Grayscale's quarterly selected tokens may also be good reference targets. Interested readers can click the link to view more.

Original Article Link

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