Still the same old market, I think. So, nothing really changed, you could see a lot of them are being manipulated and a lot of them are just following the trend.
ERC-20 tokens are mostly safe to trade, but you need to choose the right one, because there are a lot of erc-20 tokens that doesn't have a good value or trading volume.
So, your research in here will come in handy and always prepared for the worst tho. Even though the markets seems to be in a good mood, no one really knows how long this will last.