After the drastic market adjustments in the early stage, the cryptocurrency market in April seems to have a warm breeze

After the drastic market adjustments in the early stage, the cryptocurrency market in April seems to have a warm breeze.

While mainstream assets such as Bitcoin are still seeking direction within the range, the altcoin field has shown certain signs of recovery, and market sentiment has eased compared with before. In this month's market rebound (April 1 to April 28, 2025), how did various tokens perform? Which tracks and ecosystems are more resilient? PANews analyzed the data of mainstream USDT spot trading pairs on Binance, trying to reveal the true picture of the recent market.

Data description: This study is based on the USDT spot trading pair of Binance Exchange, combined with the basic information such as token classification and market value provided by Coingecko, and includes a total of 397 valid tokens for analysis. The time range is from April 1 to April 28, 2025. The increase or decrease is calculated based on the starting price (opening price on April 1) and the ending price (closing price on April 28) of this time period.

More than 70% of tokens rose, but the overall growth was mild

Judging from the overall data, the market did show a certain general rise in April. Among the 397 tokens we analyzed:

The average increase was 13.11% and the median was 7.73%. This shows that although the increase was the main theme, the overall increase was not strong and most tokens had limited increases.

The proportion of rising tokens reached 74.1%, and nearly three-quarters of the tokens rebounded in April. The proportion of falling tokens was 25.7%.

However, judging from the overall increase, in this wave of rebound, the tokens that have risen sharply are still in the minority, and the rebound range of most tokens is concentrated below 50%. The tokens with an increase of more than 100% account for only 3.0%, only 12, and 6 of them were listed on Binance in April. Therefore, the increase and decrease are calculated based on the opening price, and the increase looks higher than the actual amount. The tokens with an increase between 50% and 100% account for 3.3%. The tokens with an increase between 0% and 50% account for the highest proportion, reaching 67.8%.

This set of data shows that although market sentiment has recovered, it is still far from a comprehensive "altcoin season" frenzy. The increase in most tokens is relatively restrained, and the structural opportunities in the market seem to be greater than the general rise.

Looking at the list of rising stocks, we can find several characteristics:

Small-cap tokens dominate: A large number of tokens in the top 20 fall into the small-cap (<100 million) or medium-cap (100 million-1 billion) category, indicating that funds are seeking greater flexibility.

Signs of DeFi recovery: DeFi projects such as ALPACA, TURBO, and FIS appear at the top of the list.

AI and Meme remain popular: VIRTUAL (AI), BABYUSDT (Meme), PENGUUSDT (Meme) and others have performed well, continuing their previous market popularity.

Infrastructure and DEX: There are also multiple tokens in the list in the infrastructure and DEX tracks.

Specific ecosystems: Solana ecosystem and BNBChain ecosystem contributed a large number of tokens with the highest growth this month.

Year difference: New tokens have a bigger increase, while old projects perform the worst

In addition, there is a trend in this round of rebound, that is, the market still "buys new but not old". Data shows that the average performance of new coins launched in 2025 is still the best, with an average increase of 33.66%, significantly higher than other years. This shows that the market's preference for new assets still exists. The tokens launched in 2023 and 2022 performed second. Interestingly, although the number of tokens launched in 2024 is the largest, at 63, the average increase is only 11.25%. It performed mediocre this month, and the average increase is even slightly higher than the old currencies in 2019 and 2020. For older projects, the average increase in tokens in 2017 was the lowest. In 2021, as the last round of bull market, I don't know whether it is because the bubble of bull market tokens is bigger or for other reasons, the increase ranks second to last.

Judging from this data distribution, the tokens launched in the bear market from 2022 to 2023 have more stamina, while the tokens launched in the bull market seem to lack