Let's take a look at several mainstream established coins that have reached new highs in this wave of minor bull markets:

SOL

In 2021, the 'Alt L1' track was extremely popular, with EVM-compatible L1s like Fantom and NEAR successfully capturing the overflow traffic from Ethereum. Solana, however, forged its own path, with a unique ecosystem outside of EVM and the support of FTX founder SBF, causing SOL's price to soar from below $1 to over $200. However, as the market calmed down and FTX collapsed, Solana lost its key supporter SBF, with SOL dropping to a low of $7, leading many to believe Solana's story was over. Yet in this cycle, Solana has revived with the rise of meme projects and the success of the re-staking project Jito, with SOL's price rising steadily and breaking the previous high of $260 set in 2021 in the past week.

BNB

As the only exchange platform token that achieves ecological diversification, BNB has shown outstanding performance in both bear and bull markets. In the 2022 bear market, BNB fell from $660 to around $200. Although the decline was significant, compared to other tokens that dropped over 90%, BNB still maintained a high 'value retention rate'. With the market warming up and Binance frequently launching Launchpool and Launchpad projects, the price of BNB quickly rebounded, breaking its historical high of over $700 in June this year. Unlike the exit of the HECO Network, BNB still possesses immense potential on both exchanges and the BNB Chain.

TRX

Tron (TRX) reached new highs in this cycle, which, although unexpected, was also within reason. The issuance of USDT approached 140 billion tokens, and Tron has long been the preferred platform for USDT transfers. Although Ethereum surpassed Tron in USDT issuance and has more application scenarios, Tron remains the first choice for USDT holders regarding capital circulation. According to DefiLlama, the TVL on Tron is currently about $7.555 billion, having previously surpassed $10 billion in March this year. The price of TRX reached a peak of $0.18 in April 2021, and after three and a half years, it set a new high on November 12, with a subsequent increase surpassing $0.22.

FET

Fetch.ai, as one of the early blockchain+ projects, successfully weathered the market downturn and has now embraced the AI boom. Despite many early projects disappearing, Fetch.ai and IoTeX have persevered and witnessed the industry's revival. This year, Fetch.ai co-founded the Super AI Alliance with SingularityNET and Ocean Protocol, successfully merging tokens. The price of FET approached $1.2 in September 2021, and with the AI wave led by OpenAI, FET surged to over $3.5 this year, nearly doubling from the previous bull market's peak.

TON

The history of TON dates back to the ICO era when Telegram raised $1.7 billion through an ICO to launch Grams and planned to create The Open Network (TON), but the SEC lawsuit shelved this plan. After reaching a settlement in 2020, Telegram had to abandon the development of TON. Although TON continued to operate with community support, it never managed to create significant waves in the industry. After hitting a high of $4.4 at the end of 2021, TON fell back. In 2022, the TON Foundation launched over a hundred million-level ecological funds with multiple institutions to rapidly expand the TON ecosystem, quickly attracting a large number of users through integration with Telegram. In June 2023, the price of TON surpassed $8, nearly doubling from its historical high.

STX

Stacks, as an early Web3 attempt to leverage the Bitcoin network for establishing smart contracts, has experienced a revival in this market cycle. Its unique design allows Bitcoin holders to bid for Stacks block rewards, while block packaging is completed by STX stakers, and the status information is confirmed through the Bitcoin network, making it a true 'Bitcoin L2'. With the boom of inscriptions, Stacks' long-term efforts in the Bitcoin ecosystem have finally paid off. The price of STX soared to $3.85 in April this year, surpassing the historical high of $3.6 in November 2021.

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