Author: Revc, Jinse Finance
Under a series of positive news such as USDT issuance, MicroStrategy's increased holdings of BTC, and the surge in crypto stocks, BTC challenged the $90,000 mark in the early hours of November 12. Although liquidity has not yet spilled over to Altcoins in a big way, some tokens with sound fundamentals and narratives have recorded gains of over 50%, with DOGE even approaching 120%. The following article reviews these strong-performing tokens and explores how to uncover excess Alpha returns.
Overview of Strong Tokens
Dogecoin——Doge（+116%, 7d）
Dogecoin (DOGE) was first launched in 2013 by Belgian software engineer Billy Markus and Australian Jackson Palmer as a joke cryptocurrency, using the Japanese Shiba Inu dog as its mascot. Dogecoin was initially based on the technology of Bitcoin and Litecoin, using the Scrypt algorithm, suitable for small transactions. Musk is a famous supporter of Dogecoin, and after his support for Trump's successful US presidential election, DOGE also became a core asset of the Musk concept.
Keywords: MEME coin pioneer, 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 various AI chatbots in real-time, covering applications from simple conversations to complex role-playing.
One of the project's founders, AmplifiedAmp, initially held 6% of the tokens but was criticized for frequent token sales for personal gain. Eventually, Amp left the project, which became a turning point. The project gained community autonomy and financial support, and the community became more united and committed to Act's development. Binance later announced the listing of ACT, which ignited market enthusiasm and a surge in the token price.
Keywords: AI Prophecy, AI community token, AI education.
Peanut——PNUT（+1166%, 7d）
PNUT is a Meme coin issued on Solana, stemming from a widely publicized animal welfare incident: a famous squirrel named Peanut was euthanized, sparking strong public outrage. The birth of PNUT provided a way for people to express their concern for animal rights and dissatisfaction with government actions, and it quickly spread through social media during the election period.
Keywords: Meme coin, animal welfare, social movement, internet celebrity effect
GRASS（+97%, 7d）
Grass is building the first open, internet-scale web crawling network. The network is currently supported by over 3 million users, who run nodes to crawl data for AI models. Currently, only two companies in the world can crawl the entire internet, and this capability is the core pillar of their multi-trillion-dollar businesses. Grass aims to replace them and build the first user-owned, full-coverage knowledge graph.
Keywords: open network, web crawling, nodes, AI models, knowledge graph
Ethena——ENA（+85%, 7d）
Ethena is an Ethereum-based synthetic dollar protocol that provides a crypto-native currency solution independent of traditional banking infrastructure, while also offering a globally accessible savings tool denominated in US dollars - the "Internet Bond".
Keywords: synthetic dollar, Internet bond, censorship-resistant
Cardano——ADA（+77%, 7d）
Cardano (ADA) is a third-generation blockchain platform aimed at providing more efficient, secure, and scalable solutions than previous blockchains. Cardano's design is based on scientific research and 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 themed around the Shiba Inu dog Neiro, whose owner is the famous Doge meme creator. The project team donated some tokens to Ethereum founder Vitalik Buterin to verify the token contract's security and raise the project's profile.
Keywords: Vitalik Buterin, Doge meme, Kabosus, community split
Goatseus Maximus——GOAT（+70%, 7d）
GOAT is a Meme coin that has sparked a "AI Meme coin" concept craze. 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 boosted GOAT's popularity. GOAT was first proposed by "Truth Terminal" in a conversation, and then quickly someone created the GOAT coin on the platform and sparked a hype. Through continuous promotion on social platforms and support from well-known industry investors, the GOAT market cap soared to $800 million in a short period of time. Although positioned as an "AI Meme coin", GOAT still requires human control of content release and fund operations and has not achieved full 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 address the inefficiencies of existing blockchain architectures. On top of the technical foundation, Sui also introduces innovations like zkLogin, sponsored transactions, and programmable transaction blocks to enhance user experience and lower the usage threshold for Web3 applications, making them more convenient and user-friendly.
Keywords: Move programming language, sponsored transactions, parallel execution, horizontal scaling
WorldCoin——WLD（+58%, 7d）
The core of Worldcoin is the "World ID" global privacy-protected identity network, which uses zero-knowledge proofs to ensure that users can verify their "human identity" online without revealing their privacy. Worldcoin adopts the ERC-20 token standard and runs on the Optimism mainnet. World ID aims to achieve decentralized governance, enhance social equity (such as reducing fake social media accounts), and explore new social structures such as AI-supported universal basic income.
Keywords: Human identity verification, zero-knowledge proof, universal 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 cryptocurrency industry, with Dogecoin being a representative of such assets, combined with Musk's support and MEME culture elements. The significant progress of Ethena and SUI in the application layer and infrastructure layer has also attracted the attention of investors, further driving the market heat. The above projects, relying on innovation, strong community support, and response to the mainstream trends of the cryptocurrency industry, have made their tokens outperform Bitcoin in performance.
In addition, the outbreak of tokens such as ACT and PNUT indicates that the centralized exchange's attention to the MEME community may become a long-term trend, and investors should adapt to this change as soon as possible.
