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Expert analysts at Bernstein, a top research and brokerage firm, have opined that the larger crypto market is set to move away from pure meme coins and back to segments with real utility. These include gaming, DeFi, and NFTs.
Another interesting prediction from them comes in the form of a target for Bitcoin. They believe that with the new pro-crypto Trump administration pushing for a strategic Bitcoin reserve, the OG cryptocurrency’s price could cross the $200K mark by the end of 2025. $BTC is currently trading at $88,700.
Where is this heading, and what does it mean for the crypto market at large? Let’s unpack the news below.
Understanding the Reason Behind the Shift to Utility Tokens
The reason for this shift to utility tokens is simple.
Previously, under the previous SEC chairman Gary Gensler, there was regulatory uncertainty around utility cryptos and NFT projects. This ‘forced’ the market to invest in ‘useless’ meme coins to bypass action by authorities.
However, with the new pro-crypto chair Paul Atkins in charge of the SEC, regulations around crypto are going to change for the better.
We’ve already started to see changes, too. For instance, the SEC has all but confirmed the dismissal of its case against Coinbase.
Bernstein analysts believe this will redirect market liquidity back to utility tokens, as investors start to look for more value instead of pure meme coins. With that in mind, here are the best cryptos with real utility to buy right now.
1. Solaxy ($SOLX) – Top Crypto to Get If You’re After Tokens with Real Utility
As far as utility tokens go, how about one that can supercharge the trajectory of an entire blockchain? We’re talking about Solaxy ($SOLX).
And the blockchain in question is Solana ($SOL). You could say it’s been struggling because of success, seeing as the rising popularity of meme coins on the network has led to an influx of new investors.
Solana couldn’t cater to so many transaction requests simultaneously, leading to network congestion and slower throughput.
$SOLX is a multi-chain token that will reduce the burden of these transactions on Solana. It will do so by executing transactions in batches and away from Solana’s mainnet. This will result in faster throughput, increased scalability, and lower costs.
Even in a relatively slow market, Solaxy’s presale has gone from strength to strength.
It has raised over $23M at the time of writing, and each token is currently available at just $0.001646. If this is your first presale purchase, here’s a guide on how to buy $SOLX.
2. Best Wallet Token ($BEST) – Native Crypto of the Best Crypto Wallet
As you might well know, the recent Bybit hack sent shockwaves through the crypto industry.
It forced everyone to reconsider the privacy and security credentials of crypto exchanges and wallets. Enter Best Wallet – the most secure and user-friendly crypto wallet on the market right now.
Best Wallet puts the power back into your hands through its self-custody ecosystem.
This means that you’ll have full control over your stored crypto (unlike with custodial wallets on exchanges). Additionally, the app also offers 2FA/MFA and third-party insurance for your crypto funds to protect you against phishing and hacking attacks.
With over $10M raised so far, the $BEST presale’s success is proof that investors are keen on getting behind projects with real-world application. You can join this group of smart investors by shelling out just $0.024125 per token.
3. TRON ($TRX) – Aims to Eliminate Middlemen in Digital Content Sharing
TRON is a dedicated blockchain for creating decentralized applications.
It came into existence in 2017 when Justin Sun put his foot down and decided to create something that would empower digital content creators to not only share and spread their content but also earn a living in the process.
The main goal of TRON was to eliminate all intermediary streaming platforms. Simply put, viewers would directly be able to pay content creators using $TRX, the network’s native crypto.
TRON purchased BitTorrent in 2018 in an attempt to provide its users with faster download and upload speeds. BitTorrent, for those unaware, is one of the best P2P file-sharing systems in the world.
Although $TRX hasn’t moved much in the last few months, that’s probably a good sign. It shows the token is unaffected by market hype and has strong fundamentals.
Still, with over 67% gains in the last year and a breakout above the $0.24 level nearby, $TRX exhibits massive potential.
Bottom Line
These are the best cryptos to watch in the coming months as the world leans more into tokens with real utility.
It’s worth noting that even though cryptos like these are relatively safer than out-and-out meme coins, no investment in the crypto space is immune to the market’s volatility.
That’s why you should only dive in with an amount you don’t mind losing. Also, this article represents the best of our honest opinions and insights and should not be considered financial advice. We urge you to do your own research before investing.
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