If the market returns to utility coins, it might be worth looking up old favorites with new charts, eg. Sonic (old
$FTM):
-The token is fully unlocked, avoiding the common issue of low float and high FDV
-With a current FDV of approx. $1.4bn, Sonic is positioned as one of the cheapest L1s which isn’t vapor.
-Achieved an impressive $8bn TVL in 2021, and is showing signs of resurgence. Since rebranding, Sonic's TVL has reached $300m.
-Sonic boasts a top-tier ticker symbol
$S
-Established presence in both developer (Andre Cronje) and user communities, a big community that never sells