This round of crypto market has gone through the biggest differentiation in history. Bitcoin has benefited from the promotion of institutional funds such as ETFs and MicroStrategy (MSTR), showing a continuous upward trend with almost no pullback. Meme coins and altcoins are hyped from time to time, with large fluctuations in ups and downs, but there are also some currencies that can go through the magnificent market, and you can make a lot of profit if you catch them. Today, StarEx will show you the characteristics of these strong currencies.
Let’s first look at some of the strongest currencies in the current market, such as:
ONDO
Although ONDO has not yet been listed on Binance, it has already hit a record high with a fully diluted valuation (FDV) of up to $20 billion. It is positioned as a leading project in the field of real-world asset tokenization (RWA) and has received participation and support from BlackRock. Users can use stablecoins to purchase US bonds through ONDO's platform and enjoy its benefits. As a pioneer in the RWA track, ONDO not only occupies a unique track position in the market, but also has attracted a lot of attention with its practical application scenarios and strong capital endorsement, and its growth is strong.
ENS
ENS, the Ethereum Domain Name Service, is a blockchain application in the non-financial field and has been recommended many times by Ethereum founder Vitalik Buterin. ENS allows users to use simple domain names instead of complex Ethereum account addresses, greatly improving the user experience. With the popularization of blockchain technology, tools like ENS that simplify operations and lower the threshold for use have gradually gained market recognition, and they will rise sharply every time the market comes.
AAVE
As the largest decentralized lending protocol on the entire network, AAVE's total locked value (TVL) has exceeded US$23 billion and set a record high. During the period of market recovery, a large amount of funds were borrowed and leveraged through AAVE, which further promoted its ecological development and market performance. AAVE has become a key pillar in the DeFi field with its stable product performance and large-scale capital flow.
SUI
SUI is a Layer1 public chain incubated by Wall Street Capital in the last cycle, using the Move programming language. Although APT was once the leading project of the Move language, in this cycle, SUI benefited from the trust product opened by Grayscale Fund for it. At the same time, the SUI team closely followed the market hot spots, actively participated in meme narratives and built related ecosystems. This strategy of combining capital, market and hot spots made SUI stand out in the fierce competition and become the leader of the Layer1 track in this cycle.
RAY
RAY is the meme coin launch pad in the Solana ecosystem, and its protocol fees are ranked high in the Solana ecosystem. Most meme coin transactions and out-of-circle effects rely on RAY's platform, especially during periods of high market sentiment. This cycle has increased by dozens of times.
ZRO
ZRO is a cross-chain protocol. Its initial performance was average, and its data dropped sharply after the airdrop. However, the ZRO team actively protected the market when the market plummeted, and strongly pulled up the market when the market improved, showing strong market operation capabilities. Although the ecosystem itself is relatively ordinary, its performance in the secondary market is quite outstanding.
UNI
As the largest decentralized trading platform on Ethereum, UNI has long been a leader in the DEX (decentralized exchange) track. Although the overall downturn in the altcoin sector has led to mediocre performance of UNI, with the launch of its Layer2 (L2) expansion solution, UNI's market performance has begun to pick up strongly.
StarEx analysts found that these projects with good growth have some common characteristics, at least one of the following three attributes, and if they have all three at the same time, their growth is often extremely amazing:
Strong capital strength, dare to pull the market
For example, SUI and ONDO have strong capital support and can actively promote price increases and attract more capital inflows when the market conditions are good.
Good at hyping concepts and following market hot spots
For example, RAY, these projects firmly grasp the market's meme narrative or ecological hotspots and win the attention of capital and investors through precise marketing strategies.
Strong technical strength, excellent products and ecology
For example, ENS and UNI, these projects themselves have innovative technologies or practical application scenarios, which can provide tangible value to users, thus occupying a place in the market.
Analysts at StarEx Exchange believe that the core of the secondary market is gaming. This market is full of uncertainty and competition, and the rule of survival of the fittest is particularly evident here. For project owners, if they are not willing to hype or pull the market, they must at least come up with solid products and ecosystems. Otherwise, even if the project has high sentiments and ideals, it will be difficult to survive in the fierce market competition. The main purpose of investors participating in the secondary market is to make a profit, rather than to pay for the sentiments or loftiness of the project owners. Therefore, as an investor, you need to focus on the following points when choosing a project: Is there financial or IP strength? Does it have hot narratives or market cooperation? Does it have actual technical advantages and ecological construction capabilities?
StarEx exchange analysts believe that in the current crypto market, funding, hot topics, and technology are the three key factors that determine the success or failure of a project. Projects that have at least one advantage in funding support, hot topic narratives, and technological innovation are often able to perform well in the market. Projects that have all three attributes at the same time can usually set off a new wave of enthusiasm in the market.
