Phoenix Group has identified several cryptocurrencies, including ICP, ZK, LPT, MINA, and HONEY, as being in an accumulation phase. These assets are experiencing increased network activity and are trading within a narrow price range, indicating potential future price movements. The accumulation phase is characterized by rising trading volumes and price consolidation, driven by large market participants. Notably, institutional buying is evident in ICP, while ZKSync and Mina Protocol demonstrate strong on-chain activity. Additionally, Hivemapper and Liverpeer are attracting long-term investor interest.