The "Dinosaur Army" in the crypto market has been a bit restless lately. XRP, BCH, ZEC, LTC, ETC, XLM—these old coins heavily held by Grayscale—have recently shown some interesting signals collectively.



First, let's look at the data. During the peak of the 2021 bull market, these coins surprisingly did not surpass their 2017 all-time highs, instead appearing quite low-key. Even more astonishing is that they have been consolidating at the bottom for an incredibly long period—over 2,500 days. In other words, the holding periods for these coins are longer than many newcomers' entry cycles.

From a technical perspective, there's more to see. XRP and ZEC, as pioneers, are currently exhibiting textbook converging triangle patterns. The key point is that after breaking through their 2021 highs, they haven't looked back but have firmly remained above that level. This breakout and stabilization, combined with long-term sideways consolidation earlier, usually indicates that the chips have been thoroughly shaken out.

What's interesting is—coins that haven't collapsed during such a long bear market have already shaken out their speculative positions. Now, with the technical formations in place and capital starting to move, this could be a precursor to a new round of rotation.

Old coins won't disappear; they are just waiting. Will these survivors, having endured multiple cycles, collectively rise in the upcoming market? Stay tuned to this movement.
XRP0.16%
BCH4.76%
ZEC0.62%
LTC1.58%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
LiquidatedThricevip
· 8h ago
2500 days of sideways trading? Then I've wasted these three years haha
View OriginalReply0
OptionWhisperervip
· 8h ago
2500 days of consolidation, this really tests human nature, haha
View OriginalReply0
DAOdreamervip
· 9h ago
Over 2,500 days of consolidation, it's truly incredible. But on the other hand, if these old coins really take off, how many people will regret it, haha.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)