What are you looking at under $1B this cycle, and why?

Everyone here talks about the big coins or memecoins. Not much in between. So what are people actually looking at lower down?

Some I've been watching:

Geodnet — network of user-run stations that make GPS accurate to a few centimetres. Sells that data to companies and burns part of the revenue.

PEAQ — a chain built for machine networks, with a lot of smaller DePIN projects running on it.

IO — rents out spare GPUs for AI work.

KGeN — verifies real gamers so rewards go to people instead of bot farms.

GUNZ — the chain behind Off The Grid. Token is way down from launch and had a big unlock in March. The game actually shipped first, which almost never happens. It was supposed to be the biggest gaming project in crypto.

I hold some of these, and looking at a few more.

What are you looking at under a billion, and what convinced you? Not memecoins. More interested in your reasoning than the ticker.