A yet-to-be widely recognized ICO project worth a look. Trove Markets, which has raised $2.5M with a valuation of $20M, only has an 18% doubling probability on a certain prediction platform — this number alone should raise caution.

But the project also has highlights that shouldn't be overlooked. Built on HyperEVM, with trading volume surpassing $1B, and focusing on niche assets' leveraged trading features, these all demonstrate that the team has put effort into differentiated competition. The issue lies in how large the gap is between high expectations and low market confidence. Such projects are often full of uncertainties in the early stages, with prospects depending on the speed of ecosystem accumulation and genuine user retention. If you're interested in emerging exchanges and derivatives, this can be added to your watchlist — but don't forget to conduct thorough risk assessments.