Does the rise of the eight value coins indicate a new turning point in the market?

Author: Alvis, Mars Finance

In the crypto market in the past month, as Bitcoin broke through US$69,000, VC Value Coin completely turned around.The major projects are updated frequently, as if they are holding their trump card to open it up. But when the market sees it, it is a big guy, and it is rising even harder than expected!From the release of Worldcoin’s main network, to Uniswap’s Layer 2 extension chain Unichain, and then to ApeCoin launching ApeChain and cross-chain bridges, value coins have successively given hardcore actions. In just a few weeks, the market has seen the rise and fall.On top, it is simply crazy than most Meme coins.

The drama of this wave of market is that everyone originally thought that Meme coins were still the protagonist, and they crushed the market with speculation and short-term explosive gameplay.As a result, the seemingly “slow-hot” projects such as Value Coin have turned around in the real technology and ecology implementation, and the VC coins have counterattacked and have risen wildly.This operation from technical “bottoming” to price takeoff is like a silent counterattack by the VC project on Meme coins.

The scenery of Meme coins is still short-lived, like a soulless feast, and after bluffing, it becomes dull.With the expansion of the multi-chain ecosystem, the substantial functions of DeFi, and the further improvement of infrastructure, value coins are gradually dominating the market.Compared to the hype of emotions, they rely on hard power.Is it a short-term carnival or a long-term dominance?Now it seems that value coins are gradually regaining the “throne” of the market.

Why did VC coins be FUD in the past?

The reason why VC coins suffered from FUD in the past was mainly due to the following shortcomings:

Slow delivery: Many VC-backed projects, including complex infrastructure construction, have a long R&D cycle.This has led to many projects that have received early financing but failed to launch available products or services in the short term, seriously lagging behind the high expectations of the market.
Unknown business model: Even for technologically advanced projects, many VC coins still lack a clear business model.Project parties often fail to launch products and services that can continue to bring profits in a timely manner, resulting in unclear reflection of the token value.For example, token design for some VC projects cannot provide investors with a long-term value capture mechanism.
Token economic model is weak: Many VC-backed project tokens act as handling fees only in the ecosystem and are not involved in governance or reward mechanisms.Due to limited demand, the market performance of such tokens is difficult to support high valuations, and investors are gradually losing confidence.

Reignite VC Coin: Practicality and Long-term Value

Although VC coins face numerous challenges, it does not mean they are worthless.On the contrary, many VC-supported projects show long-term potential with clear technical foundation, strong ecological support and practical application scenarios.Here are a few aspects worth paying attention to:

Practicality and technical support: Many value coins are accompanied by powerful technological innovation.For example, Uniswap’s technological innovations in the DeFi field (such as the automatic market maker mechanism) have promoted the development of decentralized finance.Sui has improved transaction speed and security through the unique design of the Move language, attracting developers in the DeFi and NFT fields.
Broad ecosystem: Many value coins have a wide range of application scenarios, such as multiple decentralized lending platforms in the Sui network, such as Suilend, which demonstrates its ecological expansion capabilities in the DeFi field.Similarly, ApeCoin has built a multi-chain ecosystem by introducing cross-chain bridges and DeFi functions.
Long-term development potential: The real advantage of value coins lies in their long-term sustainability.For example, Uniswap’s Layer 2 extension chain Unichain is working to solve the scalability problem of the Ethereum network and enhance network security through staking mechanisms.As these projects are gradually implemented, the long-term value of VC coins will be released.
The market is relatively stable: the value currency has low volatility compared to the Meme currency, which is suitable for long-term investors.Although Meme coins can bring huge returns in the short term, their market volatility is violent and vulnerable to emotions and market manipulation.In contrast, with practical application scenarios and technical support, value coins have relatively small price fluctuations and have good resistance to declines.

The Rise of Value Coins: Analysis of 8 Projects

As the market gradually returns to rationality, some technologically advanced projects are showing great potential.Here are 8 recent value coin projects worth paying attention to, and their technical foundation, ecological expansion and market performance illustrate the potential of value coin:

1. ApeCoin (APE): From Meme Coin to DeFi Bridge

Introduction: ApeCoin is a token launched by Bored Ape Yacht Club (BAYC) to support the BAYC community and its associated DeFi and NFT ecosystems.With the introduction of ApeChain and cross-chain bridges, APE has gradually transformed into a key role in the multi-chain ecosystem.As ApeChain’s native Gas token, APE is providing key support for cross-chain transactions.
Current circulation situation: ApeCoin has a total supply of 1 billion, and the current tokens circulating in the market are about 753 million, and the token unlocking speed has gradually slowed down.
Price Change: ApeCoin’s price has risen from $0.74 to $1.68 in the past month, up more than 127%.
Future potential analysis: ApeCoin’s initial popularity stems from its cultural connection with Bored Ape Yacht Club, but in the long run, it is difficult to support the steady growth of the coin price by relying solely on cultural and community hype.
On October 20, ApeChain and its official cross-chain bridge were announced to be launched. According to market information, the first batch of meme coins in its ecosystem rose after it was issued.Apecoin officially stated that cross-chain stablecoins to ApeChain will be converted into DAI and deposited into sDAI, and the cumulative income will be accumulated based on MakerDAO’s savings interest rate.At the same time, LayerZero also announced that it has been online on the ApeChain main network and has become its standardized interoperability provider.

The launch of ApeChain and the launch of cross-chain bridges have provided APE with substantial application scenarios, especially as a Gas token in the multi-chain DeFi ecosystem, which gives it certain growth potential in the future.In addition, LayerZero’s cross-chain technology allows APE to be seamlessly transferred between multiple blockchains, enhancing the practicality and liquidity of tokens.Overall, the future upward momentum of ApeCoin depends on the development of its cross-chain ecosystem and whether it can continue to launch valuable application scenarios.If the ApeChain ecosystem can continue to develop and attract more developers and projects to join, APE has great potential for growth.

2. Uniswap (UNI): The core engine of decentralized finance

Introduction: Uniswap is a leading project in the DeFi field. It adopts the automatic market maker (AMM) model, which greatly simplifies the process of decentralized transactions.Uniswap’s technological innovations, such as liquidity aggregators and Layer 2 solutions, have driven DeFi.
Current circulation situation: UNI’s total supply is 1 billion, the current market circulation is 600 million, and the remaining tokens will be gradually released according to the linear unlocking mechanism.
Price Change: UNI has risen from $5.5 to $7.6 in the past month, a gain of about 38%, mainly benefiting from the launch of Unichain Test Network.
Future potential analysis: It has now become a leading project in the DeFi field, and its market value and trading volume have remained at a high level for a long time.

On October 10, Uniswap Labs announced the launch of Unichain, which Uniswap Labs said after years of building and scaling DeFi products, saw what DeFi needs to improve and what it takes to continue to advance the Ethereum expansion roadmap.Unichain is a fast, decentralized Optimism hyperchain L2 designed to be a chain of cross-chain DeFi and liquidity.

Unichain, the launch of Layer 2 extension chain, marks that Uniswap is accelerating its technological innovations to address the scalability of the Ethereum network.This provides technical support for UNI’s future growth.In addition, Uniswap is also constantly expanding its liquid aggregator and cross-chain trading functions. In the future, with the popularity of Layer 2, the decline in transaction costs and the increase in processing speed will further enhance its competitiveness.Due to Uniswap’s dominance in DeFi and its continued technological innovation, UNI has the potential for long-term upward trend, but short-term volatility remains.

3. Sui (SUI): High-performance blockchain and DeFi innovator

Sui is a high-performance blockchain built on the Move language, focusing on providing power to DeFi and NFT.Its innovative design and powerful technical performance have enabled it to rise rapidly in the field of decentralized applications.
Current circulation situation: Sui has a total supply of 10 billion, and currently has about 2.7 billion tokens circulating. The token unlocking rhythm is stable, avoiding market selling pressure.
Price changes: SUI prices have risen from US$1.80 to US$2.10 in the past month, an increase of 16.7%, mainly benefiting from the support of major institutions, the integration of USDC and the launch of decentralized lending platforms.
Future potential analysis: Sui’s technical advantage lies in its Move language-based architecture, which makes it extremely scalable and secure, especially in the DeFi and NFT markets.

On September 12, Grayscale said its Grayscale Sui Trust was open to qualified investors seeking to invest in SUI.

On September 17, SUI and Circle jointly introduced native USDC, further enhancing its application potential in decentralized finance.

In addition, the launch of decentralized lending platforms such as Suilend has led to a significant increase in DeFi activity within the Sui ecosystem, and TVL has continued to increase, showing its strong development momentum.Sui’s innovative technologies and expanding DeFi ecosystem give it the potential for long-term growth, but the key to the future lies in whether it can attract more developers and users to participate.

4. Jupiter (JUP): Solana Eco-Mobility Provider

Introduction: Jupiter is a decentralized trading aggregator within the Solana ecosystem. By providing users with the best trading path and low slippage trading experience, Jupiter has become a liquidity bridge in the Solana ecosystem.Jupiter integrates multiple liquidity sources within the Solana ecosystem to help users complete transactions at the best price, and also launches mobile applications to further enhance user experience.
Current circulation situation: Jupiter’s total supply is 10 billion pieces, of which about 1.35 billion pieces have entered the market for circulation.As Jupiter’s liquidity management function continues to improve, the demand for tokens has also increased, and the tokens pledged by teams and communities have been gradually unlocked, increasing the liquidity of the tokens.
Price Change: The price of JUP tokens has risen from $0.7 to $1.00 in the past month, an increase of about 42%.The main drivers of the price increase are the expansion of the Solana ecosystem and the improvement of the Jupiter platform in liquidity aggregation.
Future potential analysis: On September 20, Solana Eco-DEX Aggregator Jupiter released multiple updates, and in October it launched mobile applications, email newsletters, and DAO websites to further enhance the user experience.

JUP’s future performance depends largely on the development of the Solana ecosystem. If Solana’s technical problems are effectively solved, JUP is expected to usher in new growth opportunities.If the Solana ecosystem continues to expand, JUP tokens are expected to rise with it, but we need to be wary of the technology and market risks of the Solana network.

5. Bittensor (TAO): The founder of decentralized computing networks

Introduction: Bittensor is a decentralized machine learning network designed to drive the development of Web3 and AI by providing decentralized computing resources.Bittensor provides a GPU-based computing leasing platform where users can rent computing resources by paying TAO tokens, and participants in the computing nodes in the Bittensor network can earn TAO tokens by sharing computing power.
Current circulation situation: The total supply of TAO tokens is 21 million, and currently there are about 7.38 million in circulating in the market. The remaining tokens are gradually entering the market for circulating for leasing and payment of computing resources.Since TAO’s liquidity depends mainly on computing demand in the network, the growth of the Bittensor project will directly affect TAO’s token demand.
Price Change: TAO’s price has risen from $250 to $575 in the past month, up 130%.The main reason for the price increase is that Grayscale launched the Bittensor trust fund, and the increase in demand for decentralized computing resources has also increased the market demand for TAO.
Future potential analysis: Bittensor’s innovative model combines blockchain with decentralized computing resources, especially in the Web3 field, and the rise of computing-intensive applications will drive the demand for Bittensor networks.As a payment tool in the Bittensor ecosystem, TAO tokens is expected to continue to grow as the network expands.The Bittensor Trust Fund launched by Grayscale further strengthens market confidence in TAO.With the continuous development of the Web3 ecosystem, TAO tokens have significant upward potential, especially in the context of the increasing demand for decentralized computing resources.

6. dYdX (DYDX): The giant in the decentralized derivatives market

Introduction: dYdX is a leader in the decentralized derivatives market, focusing on providing users with decentralized perpetual contracts and leveraged trading services.Its licenseless architecture and efficient order book system provide users with a highly transparent trading environment and attracts a large number of institutions and high-frequency traders.
Current circulation situation: The total supply of DYDX tokens is 400 million, and currently there are about 220 million in circulation in the market.Team and investor tokens adopt a step-by-step unlocking mechanism to ensure that the market does not fluctuate violently due to the large circulation of tokens.
Price Change: Over the past month, DYDX’s price has risen from $0.8 to $1.25, up more than 56%.After the return of founder Antonio Juliano, dYdX’s market confidence was boosted, and the expansion of its platform capabilities and growth in transaction volume also further boosted the token price.
Future potential analysis: dYdX’s leading position in the decentralized derivatives trading market is unshakable.Its technical architecture and product functions are highly favored by institutions and large traders.With the return of founder Antonio Juliano, dYdX’s strategic direction is clearer and is expected to continue to strengthen its derivatives trading capabilities in the future.

On October 20, the CEO of the dYdX Foundation, Charles d’Haussy, said on social media that “at tomorrow’s dYdX Day event, speakers will reveal secrets about moats, Trojans and flywheels.”

In addition, the transparency and detrustworthiness of decentralized exchanges make them have long-term growth potential. As the leader of the decentralized derivatives trading platform, dYdX has great growth potential in the long term, especially in the future, the derivatives market continues to continue in the future.Expanded background.

7. SushiSwap (SUSHI): The Power of Innovation in the DeFi Field

SushiSwap is an innovative pioneer in the DeFi field. It was originally a forked project of Uniswap, but through technological innovation and expansion, it has gradually established an independent position in the DeFi field.SushiSwap provides liquidity mining, leveraged trading and other functions, and through its unique product design, it has formed a broad user base.
Current circulation situation: SUSHI’s total supply is 250 million pieces, and currently there are about 140 million pieces in the market.The token lock-up period between the team and early investors was gradually unlocked, and the token market demand was further enhanced through pledge incentives and liquidity mining.
Price Change: SUSHI’s price has risen from $0.52 to $0.8 in the past month, up about 53%.This increase is mainly due to SushiSwap’s technology upgrade and strategic acquisition plans expectations.
Future potential analysis: On October 21, Sushi Labs CEO Jared Grey posted on X that Sushi surpassed the main aggregators on competitive networks in key indicators such as price, gas, and delay, and the aggregation volume is also growing steadily month by month..Sushi is about to announce a strategic acquisition that will enable it to introduce innovative DeFi primitives built-in invisible to AMM and perps vertical.

Its latest technology upgrades and strategic acquisition plans demonstrate the ambitions of the SushiSwap team in the future DeFi track.The future performance of SUSHI tokens depends largely on whether these innovations can be successfully translated into practical applications and liquidity growth.SushiSwap continues to enhance its competitiveness in the DeFi market through technological innovation and expansion. In the long run, SUSHI tokens have the potential to rise.

8. Worldcoin (WLD): An attempt to authenticate and Web3 infrastructure

Introduction: Worldcoin is a global authentication and Web3 infrastructure project powered by Open AI founder Sam Altman.Worldcoin provides global digital authentication through World ID, and uses a decentralized identity system to provide users with real identity authentication services.Its Layer 2 network World Chain is built on Optimism, supports cross-chain transactions, and cooperates with many well-known projects (such as Uniswap, Etherscan, etc.).
Current circulation situation: The total supply of WLD tokens is 10 billion, and the current market circulation is about 550 million. As the number of identity verification users increases, more tokens will be gradually unlocked and entered the market for circulation.
Price Change: WLD’s price has risen from $1.3 to $2.3 in the past month, up 76%.Factors driving price increases include the launch of the World Chain mainnet, working with Dune Analytics to increase on-chain transparency, and Uniswap’s transaction support on World Chain.
Future potential analysis: Worldcoin’s application scenarios cover identity verification, financial transactions and Web3 applications, and is committed to providing users with an ecosystem based on real human identities.The driving force behind the World Chain mainnet launch and working with Dune Analytics to increase transparency on-chain.

In addition, Uniswap has officially launched World Chain, which has significantly increased its transaction volume, and Worldcoin has become one of the largest applications on OP Mainnet.Worldcoin’s authentication protocol will steadily increase its token demand if it can continue to expand its application scope and maintain its global user growth.In addition, as the usage of World Chain, its Layer 2 network, grows and more developers build applications on their platforms, the utility and demand of WLD tokens will increase significantly.

Conclusion: The long-term rise of value coins

Although Meme coins have dominated the market in the past year, as the market matures, value coins are regaining investors’ attention with their technical support, ecological expansion and long-term development potential.These 8 projects demonstrate the potential of value coins in the future market.In the future, with the further implementation of these projects, value coins are expected to lead a new round of bull market.