The crypto market is undergoing a significant shift, moving away from meme coins towards tokens with real utility, according to expert analysts at Bernstein. This shift is attributed to regulatory changes and a renewed focus on value in the market. Here are some key insights and top crypto picks to consider in light of this trend.
Understanding the Shift to Utility Tokens
The regulatory uncertainty surrounding utility cryptos and NFT projects under the previous SEC chairman led to a surge in meme coin investments. However, with the appointment of a new pro-crypto chair at the SEC, regulations are expected to become more favorable for utility tokens. This shift is already evident with the dismissal of a case against Coinbase by the SEC.
Bernstein analysts predict that this regulatory shift will drive liquidity back to utility tokens, as investors seek value over speculative meme coins.
Top Crypto Picks for Real Utility
- Solaxy ($SOLX) – A multi-chain token designed to enhance the scalability and throughput of the Solana blockchain. By executing transactions in batches and off the mainnet, Solaxy aims to address network congestion issues. With a successful presale raising over $23M, Solaxy presents a promising investment opportunity at just $0.001646 per token.
- Best Wallet Token ($BEST) – The proprietary token of Best Wallet, a secure and user-friendly crypto wallet. Best Wallet offers self-custody options, 2FA/MFA security features, and third-party insurance for crypto funds. Investors in $BEST receive benefits such as lower transaction fees, higher staking rewards, and early access to crypto presales. With over $10M raised in the presale, $BEST is a token to watch at $0.024125 per token.
- TRON ($TRX) – A blockchain dedicated to decentralized applications, TRON aims to eliminate intermediaries in digital content sharing. Acquiring BitTorrent in 2018, TRON offers users faster download and upload speeds. With strong fundamentals and potential for growth, $TRX is a crypto to consider at its current levels.
Final Thoughts
As the crypto market shifts towards tokens with real utility, these top picks offer potential for growth and value in a changing landscape. It’s important to remember the inherent volatility of the crypto market and to conduct thorough research before making any investment decisions. This article serves as a guide and should not be considered financial advice. Stay informed and invest wisely in the evolving world of cryptocurrencies.