From the panic low triggered by Japan's rate hike in August 2024 to the eve of this rate hike, market performance has been highly polarized, with different cryptocurrencies showing starkly contrasting results.

I did a rough analysis using spot data from a major exchange and found some interesting phenomena: the most aggressive performers were not the mainstream coins like BTC and ETH. ZEC surged from 25.35 to 435, a gain of 1615%. XRP also skyrocketed from 0.4318 to 2.018, a 367% increase. Smaller coins like SUI, XLM, HBAR also saw gains exceeding 150%. The rebound strength of these coins indeed exceeded many people's expectations.

In contrast, some popular coins didn't perform as well. SOL only increased by 20.9%, and UNI even less at 15.89%. Meanwhile, DOT, NEAR, ARB, FIL, TON, from this low point to now, are still in negative territory. AVAX fell by 22%, and TON dropped by 63%. It seems that high popularity doesn't necessarily translate into strong performance.

Specifically, the top gainers are led by ZEC, with XRP and SUI ranking second and third. XLM, HBAR, AAVE, TRX, BNB, BCH all gained over 100%. Although BTC's 83.9% increase isn't the highest, it remains relatively stable. ETH's gain is below 50%.

Among the declining coins, TON experienced the deepest drop at -63%, followed by FIL at -53%. This data clearly shows that market divergence is quite severe. Some small coins rebound fiercely, some leading coins are weak, and some former favorites are even still losing money.

Since the Bank of Japan is about to raise interest rates again, the market will likely remain volatile. If panic selling occurs again, which coins do you think are the best to buy the dip?