Where is the dark horse of the next bull run? These 3 small coins may be the biggest surprises.

When a bull run arrives, small market capitalization projects often achieve the most insane rises. Many people have already begun scanning for those coins that are overlooked by the public but have real applications. Today, let's talk about three interesting projects: CELR, DIMO, HONEY.

Celer Network: The Infrastructure of Multi-Chain Ecosystem

Core Logic: The demand for cross-chain transfers is increasing, and what Celer does is just that.

Celer addresses a very straightforward problem - the interactions between blockchains are too complex and too expensive. Through Layer-2 scaling and cross-chain protocols, it connects ecosystems like Ethereum, BNB Chain, and Polygon. The flagship product cBridge has already shown good performance in cross-chain liquidity.

The appeal for developers is also significant: the Inter-chain Messaging Framework supports over 40 chains, providing developers with enough flexibility to build cross-chain applications without being constrained by a single chain. CELR token has practical uses in staking, transaction fees, and governance. As the multi-chain narrative deepens, such infrastructure projects are often re-priced.

DIMO: A New Imagination of Vehicle Owner Data Ownership

Highlights: An interesting attempt of Web3 entering the automotive industry.

The logic of DIMO is to return the ownership of data to the vehicle owners. Through hardware or software integration, the vehicle's driving data, diagnostic information, and performance data are recorded on the blockchain, allowing the owners to earn DIMO token rewards. This effectively turns data into a tradable asset.

This model aligns with the current situation where traditional car manufacturers monopolize user data. As the penetration rate of smart connected vehicles increases, the demand for data transparency and user autonomy will become stronger. The DIMO token has practical applications in reward distribution, governance decisions, and ecosystem services. The degree of real-world application is quite good, which is relatively rare among small coins.

Hivemapper: The Token Economy of Crowdsourced Maps

Feature: Upgrading the crowdsourcing model of OpenStreetMap to on-chain incentives.

Hivemapper allows dashcam users to upload real-time images of the roads, using this data to build a global map. Contributors receive HONEY tokens as rewards. Compared to the high-cost collection methods of traditional map providers (Google Maps, Amap), this model is more cost-effective and has a wider coverage.

The HONEY token is not just a reward; it also binds the right to use map data. This creates a self-consistent economic cycle: contributors profit from participation, and users support the network through usage. The demand for geospatial data is increasing (autonomous driving, logistics, urban planning), and the long-term imaginative space for such projects is quite large.

Why look at these projects now

The common point of CELR, DIMO, and HONEY is that they are not purely financial coins, but ecological coins with specific application scenarios. What is often speculated in a bull run is the story, but those that can survive are definitely projects with real use. All three have established a preliminary user base and business logic in their respective tracks, making them relatively controllable in terms of risk compared to pure air coins.

The risks of small market capitalization projects do indeed exist—liquidity, market perception, regulation, etc. are all variables. However, when incremental funds enter the market and market sentiment turns, these types of small coins with a story and application often yield good returns.

Disclaimer: This analysis is for informational reference only and does not constitute investment advice. Cryptocurrency assets are highly volatile, and investment should be approached with caution.