Thị trường bước vào giai đoạn củng cố, các phân khúc theo từng lĩnh vực luân phiên: Logic cơ bản trên chuỗi đằng sau đà tăng 50% của POL

【Coin Circle】After a strong start to the year, the crypto market has entered a consolidation phase. Bitcoin and Ethereum both posted declines of less than 2% this week, with no remarkable volatility. However, looking at the holdings rankings reveals something interesting — Polygon’s POL token surged nearly 50% driven by robust on-chain activity, a gain that really stands out. Render and Fetch.ai also performed well during the same period, reflecting sustained bullish sentiment in the market toward AI and decentralized computing tracks.

The privacy coin camp shows clear divergence. Monero posted an 11% gain, but Zcash didn’t fare as well, taking a sharp dive. What does this tell us? — Not all niche sectors can capture the benefits of a trending opportunity.

Looking back at this week, there’s a phenomenon worth pondering: what determines token performance is less about broad market resonance and more about on-chain ecosystem vitality and thematic momentum. Whichever network is actually running and whose applications are truly being deployed, the market votes with its feet. This is more reliable than chasing trend theories.