Partnered With:

Inventory of tokens that remain strong amidst the decline: Cosmos ecosystem grows against the trend, leading in gaming and L2.

Read this article in 14 Minutes

Behind every callback, there are always some tokens that stand out and become regulars on the subsequent market gain list.

Source: TechFlow by DeepTech

Volatility is a norm in bull markets. Behind every correction, there are always some tokens that stand out and become regulars on the subsequent market rally, driving their respective sectors to rise together. By referring to these tokens that rebound quickly, investors can better understand the market trends and make informed decisions.

On December 11th, BTC also experienced a sharp pullback with a decline of 5.8%. So which coins quickly recovered from the decline caused by BTC's pullback? This article will list these tokens, and explore their main investors and potential catalysts.

Cosmos Ecosystem

Injective( Inj)

Injective ($INJ) is a blockchain built using the Cosmos SDK, providing decentralized order book modules that allow developers to create DeFi applications, including decentralized spot and derivative trading platforms, prediction markets, and lending protocols.

Currently, the market value of INJ is approximately 2.23 billion US dollars.

From the chart, it can be seen that Inj was hardly affected by the BTC pullback and continued to maintain its strength after leaving a lower shadow, currently surpassing the previous bull market high.

Possible catalysts:

Avalon mainnet upgrade brings higher scalability, faster block time, and better trading experience.

Cosmos ecosystem is booming.

Based on Injective, the NFT marketplace Talis has launched its own token. Staking INJ can earn you airdrop rewards.

Funding situation:

The latest financing occurred on August 10, 2022, with a financing of $40 million led by Jump Crypto.

Celestia (Tia)

Celestia supports the next generation of scalable blockchain architecture - modular blockchain. Celestia achieves scalability by decoupling execution from consensus and introducing new primitive data availability sampling.

Celestia's native asset TIA is an important component for developers to build the first modular blockchain network. In order to use Celestia's data availability, developers submit PayForBlobs transactions on the network and charge a certain fee in TIA.

The current market value of TIA is approximately 1.766 billion US dollars.

From the chart, it can be seen that TIA quickly rebounded after being pressured by BTC's pullback and has now broken through its historical high.

Possible catalysts:

连续上线一线交易所；

Cosmos ecosystem is booming.

Expectations for modular blockchain.

Funding situation:

On October 20, 2022, Celestia completed a Series A funding round of $55 million, with a valuation of $1 billion. The round was led by Bain Capital Crypto and Polychain Capital.

Neutron ( Ntrn)

Neutron is an unlicensed smart contract platform built using the Cosmos SDK. Developers can deploy applications once and scale them across the entire IBC network of interconnected blockchains without deploying or maintaining multiple custom versions of their protocol.

Neutron brings cross-chain security sharing to Cosmos, allowing other chains to enjoy PoS node security at the Cosmos level.

The current market value of NTRN is approximately 206 million US dollars.

Osmosis ( Osmo)

Kuji

- DEX

Bigtime

Immutable X ( IMX)

Ai

Rndr

From the chart, it can be seen that RNDR has recovered from the decline caused by the drop in BTC and has quickly risen. Currently, the price is falling and looking for direction, with a 9.89% increase in the past seven days.

Possible catalysts:

AI Narrative Continues to Heat Up;

RNDR's parent company has a partnership with Apple. Render Network provides Apple with high-performance GPU computing power, helping them to be more efficient in rendering and processing AR content.

Funding situation:

On December 21, 2021, Render completed a strategic financing of $30 million.

Layer2 Ecology

Op

Optimism is an Ethereum L2 solution that utilizes optimistic rollup technology. It significantly reduces costs and transaction times while retaining Ethereum's security advantages.

Currently, the circulating market value of OP has reached 2.155 billion.

From the chart, it can be seen that the BTC correction has actually brought momentum to OP, and its recent performance has been very impressive, with a 32.96% increase in the past seven days. L2 has been quiet for a long time, let's see if OP can sound the horn of the L2 counterattack.

Possible catalysts:

ETH's ecosystem has limited growth in this round of market surge, but it may regain attention in the future.

Cancun upgrade.

Funding situation:

On March 18, 2022, Optimism completed a Series B funding round of $150 million, with a valuation of $1.65 billion. The round was led by A16z and Paradigm.

Synthetix( SNX)

Synthetix is a decentralized synthetic asset platform that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. These synthetic assets (Synths) are supported by the Synthetix Network Token (SNX) locked as collateral in smart contracts. Synths track the prices of various assets, allowing crypto-native and unbanked users to engage in P2C (peer-to-contract) trading on the Synthetix exchange without liquidity limitations.

Synthetix V3 has been deployed to Optimism and ETH.

Currently, the market value of SNX is 1.424 billion US dollars.

From the chart, it can be seen that after being affected by the BTC callback, the price quickly rebounded and continued to hit new highs in the following days, showing strong momentum.