Author: Revc, Golden Finance
With a series of favorable factors such as the issuance of USDT, MicroStrategy's increased holdings of BTC, and the surge in crypto stocks, BTC hit the $90,000 mark in the early morning of November 12. Although liquidity has not yet spilled over to altcoins in large quantities, some tokens with good fundamentals and narratives have recorded an increase of more than 50%, and DOGE's increase is close to 120%. The following is an inventory of these strong performing tokens to explore how to discover excess Alpha returns.
List of strong tokens
Dogecoin——Doge (+116% , 7d )
Dogecoin (DOGE for short) was first launched in 2013 by Belgian software engineer Billy Marcus and Australian Jackson Palmer. It was originally a joke cryptocurrency named after the Japanese Shiba Inu (Shiba Inu) Inu) as a mascot. Dogecoin was initially based on the technology of Bitcoin and Litecoin, using the Scrypt algorithm, which is suitable for paying small transactions. Musk is a well-known supporter of Dogecoin. After he supported Trump's successful campaign for the US presidency, DOGE also became the core asset of Musk's concept.
Keywords: MEME coin originator, Musk, community-driven, the king of Dogecoin.
Act I : The AI Prophecy——ACT (+2697.36%, 7d)
The Act project aims to create a decentralized community to promote AI research, education, and collaboration. It brings together developers, enthusiasts, and community members to popularize AI knowledge. Act is hosted on the Discord server Cyborgism, where users can interact with a variety of AI chatbots in real time, covering a variety of applications from simple communication to complex role-playing.
AmplifiedAmp, one of the founders of the project, initially held 6% of the tokens, but was accused of personal profiteering due to frequent token sales. In the end, Amp withdrew from the project, sparking controversy. Amp's departure was a turning point, and the project gained community autonomy and financial support. The community became more united and worked side by side to develop Act. Subsequently, Binance announced the launch of ACT, and the market heat and coin price exploded.
Keywords: AI Prophecy, AI community tokens, artificial intelligence education.
Peanut——PNUT(+1166%,7d)
PNUT is a meme coin issued on Solana. It originated from a widely watched animal protection incident: a popular squirrel Peanut was euthanized, which aroused strong public dissatisfaction. The birth of PNUT provides a way for people to express their concerns about animal rights and dissatisfaction with government behavior, and it spread rapidly through social media during the election.
Keywords: Meme coin, animal protection, social movement, Internet celebrity effect
GRASS(+97%,7d)
Grass is building the first open Internet-level web crawling network. The network is currently supported by more than 3 million users, who crawl data for AI models by running nodes. There are only two companies in the world that can crawl the entire Internet, and this ability is the core pillar of their trillion-dollar businesses. Grass aims to replace them and build the first user-owned, web-wide knowledge graph.
Keywords: open network, web crawling, node, AI model, knowledge graph
Ethena - ENA (+85% , 7d )
Ethena is a synthetic dollar protocol built on Ethereum, which provides a crypto-native currency solution that does not rely on the infrastructure of the traditional banking system, while providing a globally accessible US dollar-denominated savings tool - "Internet Bonds".
Keywords: synthetic dollar, Internet bonds, anti-censorship
Cardano——ADA(+77%,7d)
Cardano (ADA) is a third-generation blockchain platform that aims to provide more efficient, secure and scalable solutions than previous blockchain generations. Cardano's design is based on scientific research and academic peer review, emphasizing scalability, security and interoperability. The goal is to create a sustainable, decentralized financial and application ecosystem.
Keywords: Proof of Stake (PoS), eUTXO model, smart contract programming language
NEIRO(+81%,7d)
Neiro is a cryptocurrency project based on the Shiba Inu Neiro, whose owner is the famous Doge meme creator. The project will donate part of the tokens to Ethereum founder Vitalik Buterin to verify the security of the token contract and increase the project's visibility.
Keywords: Vitalik Buterin, Doge meme, Kabosus, community split
Goatseus Maximus——GOAT(+70%,7d)
GOAT is a Meme coin that triggered a craze for the concept of "AI Meme coin". The birth of GOAT is closely related to the AI agent "Truth Terminal". Although GOAT was not created by AI, the tweets and marketing of Truth Terminal greatly promoted the popularity of GOAT. GOAT was first proposed by "Truth Terminal" in a conversation, and then someone quickly created GOAT coins on the platform and triggered speculation. Through continuous publicity on social platforms and support from well-known investors in the industry, the market value of GOAT soared to US$800 million in a short period of time. Although it is positioned as an "AI Meme Coin", GOAT still requires human control of content release and fund operations, and has failed to achieve complete autonomy.
Keywords: AI agent, a16z, AI religion
SUI(+68%, 7d)
Sui is an innovative Layer1 that uses a unique object-centric data model and the secure Move programming language to solve the inefficiencies in the existing blockchain architecture. On top of the technical foundation, Sui also improves the user experience and lowers the threshold for using Web3 applications through innovations such as zkLogin, sponsored transactions, and programmable transaction blocks, making them more convenient and user-friendly.
Keywords: Move programming language, sponsored transactions, parallel execution, horizontal expansion
WorldCoin——WLD(+58%, 7d)
The core of Worldcoin is the “World ID” global privacy-preserving identity network, which ensures that users verify their “human identity” online through zero-knowledge proof without leaking privacy. Worldcoin uses the ERC-20 token standard and runs on the Optimism mainnet. World ID aims to achieve decentralized governance, enhance social fairness (such as reducing fake social media accounts), and explore new social structures such as AI-supported global basic income.
Keywords: human identity verification, zero-knowledge proof, global basic income (UBI)
Summary
The current market's optimistic expectations are mainly focused on the policy dividends that the Trump administration may bring to the encryption industry. Dogecoin is a representative of this type of asset, combining elements such as Musk's support and MEME culture. The significant progress of Ethena and SUI at the application layer and infrastructure layer has also attracted the attention of investors, further driving the market's heat. The above projects have surpassed Bitcoin in performance due to their innovation, strong community support and response to mainstream trends in the crypto industry.
In addition, the outbreak of tokens such as ACT and PNUT shows that the focus of centralized exchanges on the MEME community may become a long-term trend, and investors should adapt to this change as soon as possible.