Crypto Market Shifts Focus from Memecoins to Utility Tokens
Analysts at Bernstein predict a shift in the crypto market from meme coins to utility tokens, focusing on sectors like gaming, DeFi, and NFTs. They estimate Bitcoin could reach $200K by the end of 2025, driven by a pro-crypto administration and potential strategic reserves.
Reasons for the Shift to Utility Tokens
- Regulatory uncertainty under former SEC chairman Gary Gensler led to investments in meme coins.
- New SEC chair Paul Atkins is expected to enhance regulations for utility cryptos.
- The SEC has indicated a likely dismissal of its case against Coinbase.
- Investment liquidity is anticipated to return to utility tokens.
Key Utility Tokens to Consider
- Solaxy ($SOLX): A multi-chain token enhancing Solana's efficiency through batch transactions, addressing network congestion. Currently priced at $0.001646 with over $23M raised in presale.
- Best Wallet Token ($BEST): Offers robust security features and self-custody for crypto funds. The presale has raised over $10M, priced at $0.024125.
- TRON ($TRX): Focuses on decentralized content sharing, allowing direct payments to creators. It has increased by over 67% in the last year and shows strong fundamentals.
Investors are advised to consider these options as the market shifts towards tokens with real utility, while remaining aware of inherent volatility risks in crypto investments.