To talk about the underrated tokens mentioned by Cryptocurrency Market analyst Bruce NG, it is important to explain what Decentralized Exchange (DEX) is.
As explained in Cryptopedia, the Education section of Cryptootics, Dex is a platform that allows you to exchange tokens without an intermediary.uses an automated market creator model (AMM). Instead of an order book, users operate against the Liquidity Fund, and those who provide liquidity receive fees and tokens in return.
Unlike centralized exchange, dexes are not custody of users’ funds. Because they don’t need deposits on the platform. In these, transactions are performed directly from the user wallet, either through intelligent contracts or multi-faceted transactions.
This clarification is time to deepen our analysis of NG, which claims that “we are likely to be close to the important minimum of the cycle.”
The digital asset market is run because it fears the possibility of a recession in the US economy, the leading financial force around the world. It will be added to this The Federal Reserve continues its position to keep interest rates high With the aim of lowering inflation.
This context is unfavourable for Bitcoin (BTC) and cryptocurrency. This is because most investors still view them as risky assets and prefer to take shelter in other financial instruments such as treasure bonds.
However, there are other investors who can see it. These fall into the market as opportunities, as ng states.
This opportunity makes the expert stand out Three dex tokens he considers to be “underrated”: Cake, Orca, and Setas. Before we analyze them in detail, let’s take a look at what led to this conclusion.
“I will focus on DEXs that I consider to be undervalued from a fundamental perspective, as DEXs with solid foundations capture the increase in commercial activity along with the next rebound.
But how can you know if DEX is “undervalued”? The expert said: “There are several ways to answer this question, but for this analysis, I decided to focus on the 30-day fee. swap The past 30 days. ”
Simply put, Bruce Ng uses price range metrics (Revenue from priceEnglish), comparison Dex’s market capitalization earned by committee over the past 30 dayscan measure profitability in relation to its market value.
Market capitalization, on the other hand, is calculated by multiplying the price of an asset by the amount of tokens in circulation.
If the relationship between generated income and market capitalization is high, it means that DEX is generating good income compared to its market value.
On the other hand, a low relationship indicates that income is lower in proportion to its capitalization. What are the signs that it is overrated?
To do the calculations, the data available in Explorer is tainted as the relationship between total block values (TVL), DEX market capitalization (MCAP), market capitalization and TVL (MCAP/TVL) (30D) and negotiations between commissions generated over 30 days and market capitalization (charges 30D/MCAP).
The ones highlighted in yellow are DEXs with relations with committees generated in 30 days. The highest market capitalization may indicate investment opportunities for native tokens.
Raydium, a Dex from Solana Red, has a rate/MCAP ratio of 0.091 and yields above 0.073 for Cetus AMM.
He has not mentioned it or stated why, but the author has decided to incorporate the Cetus protocol rather than Raydium. Perhaps it’s because Dex de Solana takes time and perhaps because Ng is not a more orbital option, but sees the potential for higher growth rates of SUI and the right network platform.
“This means that these DEXs are currently undervalued. They are being quoted at discounts in terms of actual value and are ready to capture the significant portion of the increase in commercial activity that can be predicted at the next rebound,” Ng remains.
Now, what is promised is debt, and it is time to deepen each one.
1. cake
This is the native token of PancakesWap, the flagship of the BNB chain, and is a network created by Binance. Furthermore, among other networks, the opera platforms are Ethereum, Aptos, Base and Arbitrum.
Token cakes are used for governance, staking and rewards. At the time of publication of the memo, its price was $2.37, 94% below the historic (ATH) $44.18.
2. ORCA
Orca is Solana’s Dex designed to provide rapid, efficient, and low commission cryptocurrency exchanges.
It stands out by its intuitive interface and its focus on improving the user experience through feedback-based updates.
“Its ‘money’ approach allows the project to easily integrate exchanges and agriculture into Dapps. This improves the usefulness of the ecosystem,” Ng said.
The term “Money-Read” refers to the ability of Decentralized Financial Protocols (DEFIs) to integrate with one another, similar to the assembly of LEGO works. In this case, it means that ORCA enables other projects to easily integrate replacement features Agriculture within a proprietary distributed application (DAPPS).
The orca token from his origin serves as a governance token and is linked to DEX’s activities.
Its price is currently at $1.60, less than 92% of AH is $22.30.
3. Setus
The Cetus protocol is a distributed exchange based on SUI and APTOS networks.
It focuses on providing efficient liquidity and low-cost transactions using a liquidity pool model. Additionally, it provides tools for agriculture and staking. We want to be a scalable, high-performance solution in that ecosystem..
Cetus is a native token for Dex and its price, which was $0.10 at the time of publication of this memo, 77% below the $0.49 that reached in November 2024.
Beyond Ng’s optimism in these tokens, In reality, there is no “defi-mania” at the momentas happened between 2020 and 2021.
Over time, other stories became prominent, including memokines, artificial intelligence, and real-world assets (RWA). When the new bullish season of cryptocurrency arrives, we have to wait to find out if these tokens are truly benefiting in a truly wonderful way.
explanation: This article is written as a useful method. It does not constitute an investment recommendation or a financial council. Each investor is responsible for conducting his own research.
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