Counterfeit market expansion, established blue-chip stocks like JTO are coming a breather opportunity

BlockBeats News, May 8, April, a wave of meme coins led by RAVE and other tokens attracted a large amount of market liquidity to participate.
In May, as RAVE retreated, liquidity still seems to be searching for volatility opportunities in altcoins.

Taking the past two days as an example, tokens like NIL and JTO quietly climbed to the top of the gainers list, with NIL hitting a single-day doubling performance, but also experiencing a rapid pullback this morning.
In contrast, tokens such as JTO, RAY, DYDX, and ONDO showed slow gains and gradual corrections, with valuations slowly recovering.

As of press time, NIL’s 24-hour increase reached 67.8%, JTO’s 24-hour increase was 39.3%, DYDX’s 24-hour increase was 32.4%, and STRK’s 24-hour increase was 17.1%.

BlockBeats believes that during periods when Bitcoin is sideways at high levels and there are significant divergence in direction, established blue-chip projects seize limited liquidity windows to rally, increasing the probability of project teams “self-rescue.”
If they cannot continuously transfer project value to tokens, most blue-chip projects will still revert to a slow downward trend.