The cases of $Kaito and $Virtual show that teams wanting to get things done are engaging in market cap management with liquid funds: founders publicly calling out orders + real product revenue and users + market secondary institutions market buy (non-OTC); when several points come together, good altcoins can still have market activity.

The question is how to value and price these types of altcoins? I haven't thought of a good reference for now, does anyone have suggestions?