# Are Fundamentals Back?

*Author: Bankless*
*Published: Jul 18, 2024*
*Source: https://www.bankless.com/fr/are-fundamentals-back*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Frame-50567--6-.png)](https://www.bankless.com/sponsor/uniswap-extension-1719068020?ref=which-crypto-tokens-have-strong-fundamentals&email=true)

  

Are Fundamentals Back?
    
  

  
  Published on July 18, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Top Exchange Hacked
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Group-14--75-.png)](https://www.bankless.com/dashboard)- 🇮🇳 **Indian Exchange WazirX Hacked for $230M. **The massive theft of user funds was perpetrated by North Korean hackers, Elliptic says.
[*Read more on Bankless.com*](https://www.bankless.com/indian-exchange-wazirx-hacked-for-230m)
- 🟦** BlockFi's Creditor Repayments Start this Month. **Distributions via Coinbase will begin in July for eligible U.S. clients.
[*Read more on Bankless.com*](https://www.bankless.com/blockfis-creditor-repayments-start-this-month)
- **😓 New U.S. Unemployment Numbers Higher Than Expected. **Higher-than-expected unemployment claims are the latest bear signal for investors.
[*Read more on Bankless.com*](https://www.bankless.com/new-u-s-unemployment-numbers-higher-than-expected)
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.  .  .

 
  
    

    MARKET VIBES

  
  

    Political Uncertainty
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: ***Crypto markets seem to be banking on a Trump win relaxing regulation in the space; media reporting indicating a potentially imminent Biden exit out of the Presidential race sent prices dipping amid election uncertainty. *[*Early reporting*](https://www.axios.com/2024/07/18/president-biden-drop-out-election-democrats)* seems to be betting on his exit over the weekend, though his campaign has not indicated anything publicly either way. *

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.34T
       

 
    
    ↘0.9%
    
  

  
    
    ↗10.4%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $63,763
       

  
    
    ↘1.1%
  

   
    
    ↗11.0%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,423
       

  
    
    ↗0.3%
    
  

   
    
    ↗10.3%
    
  
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/27075.png)
    

  **MNT**
   
          $0.85

       

  
    
    ↗10.5%
    
  

   
    
    ↗21.5%
    
  

  

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🔒**New Token Rating: **Mantle (**MNT**) has been a top-performing L2 token throughout 2024. Can this token continue to shine in the months to come?[Unlock MNT on Token Hub](https://www.bankless.com/tools/token-hub/mantle)

.  .  .

 
  
    

ANALYSIS

  
  
    
   
Which Crypto Tokens Have Strong Fundamentals?
  
  
   
     
     Bankless Author: 
     
       [
       
       David C.](https://x.com/davewardonline)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/image---2024-07-18T175805.889.png)](https://www.bankless.com/which-crypto-tokens-have-strong-fundamentals)While narrative and sentiment certainly play a huge role in short-term price action for tokens,** this cycle’s tides seem to be shifting back to fundamentals.**

In the past month, older, revenue-generating protocols with most of their tokens already in circulation have caught a bid. While this may be partially due to the inflow of institutional interest this cycle, there's value in keeping a close eye on tokens with solid fundamentals, whether they be revenue-generating, have most of their tokens unlocked, or, ideally, have both of those properties.* *

This article will do just that, mapping out protocols and their tokens in all three categories to identify which may attract fundamentals-focused investors. 

*This list of 23 tokens is far from exhaustive, but we think there's still plenty of value below* 👇

[Read the Full Analysis](https://www.bankless.com/which-crypto-tokens-have-strong-fundamentals)
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