In April, the meme coin market dominance spiked to a 15-month high amidst an influx of tokens. However, since then, the dominance of meme coins has retreated back to lows last seen in 2023.
CryptoQuant CEO Ki Young Ji says that investors are now focusing on projects with fundamentals, calling the end of the meme coin market mania. The shift to utility tokens has cast the spotlight on projects like APORK, Chainlink, Stacks, Near Protocol, and Arbitrum.
What Are Utility Tokens?
In crypto, utility tokens are defined as tokens that are built on the blockchain and have a particular function. These are developed on the blockchain and are indigenous to the platform they belong to. Such tokens are often launched in a crypto ICO or an IDO when investors can use top crypto coins like Bitcoin and other currencies to get them.
Why Investors Are Turning Back To Utility Tokens
Whereas many of the other cryptocurrencies, especially meme coins, are speculative in nature, utility tokens provide real value. Due to this application in the real world these coins pose, they have higher chances of being accepted and therefore appreciated.
Also, the crypto market has been evolving and that focus has been turning to these tokens and their specific purposes. These coins, as many analysts believe, are the future of blockchain, and that is why the focus on utility tokens has been increasing over the past week.
Best Utility Tokens To Buy for Massive Returns
With attention shifting back to utility tokens ahead of a massive altcoin season, as stated by Ki Young Ji, these cryptos are expected to soar in value. Based on the outlook of the market, the best cryptos to buy now for massive returns are:
1. Angry Pepe Fork
Angry Pepe Fork (APORK) is ranked as the best cryptocurrency to buy for one major reason: it is built to solve the problem of meme coins that lack utility. To achieve its aim, Angry Pepe Fork has built a novel “Conquer To Earn” mechanism that encourages collaboration by incentivizing community members.
Members of the Angry Pepe Fork Army who join in the process of defeating zombie meme coins that lack utility from the market are rewarded with RBLK tokens. But that’s not all. This innovative feature increases the annual percentage yield (APY) for those who stake as more of these stale coins are defeated.
The “Conquer To Earn” feature which is the key component of the Angry Pepe Fork ecosystem will go live in the second stage of its presale, showing that the project is ready to keep to every promise. As a coin founded on the same basis as the shift to utility tokens, there has been a massive surge of interest in the crypto ICO of APORK.
Angry Pepe Fork has raised over $160,000 this week and is on track to hit $250,000 by next week. Angry Pepe Fork has also already been audited by a reputable firm ahead of its imminent launch. With the strong fundamentals of APORK, industry experts are leaning on to it becoming the next 100x token. Priced at only $0.014, investors have an opportunity to grab the best cryptocurrency to buy very cheaply.
2. Chainlink
Chainlink (LINK) rose to the top of the DeFi projects due to its unique idea of utilizing smart contracts for connecting blockchains with the physical world. This particular application ensured that LINK became one of the top crypto coins, but Chainlink is already working its way to becoming one of the leaders in an even larger market.
Real World Assets (RWA) tokenization is a new trend that is slowly picking up pace within the big league of financial institutions and even governments and one of the popular choices for this is Chainlink. This is because as more applications are developed within this area, experts are positive that the price of LINK could trade above $100 in the same year.
3. Stacks
Stacks (STX) quickly became one of the best cryptos as it takes Bitcoin beyond the concept of solely a digital currency to become the platform for dApp and smart contracts. Lately, the emphasis on Bitcoin dApps has been growing, marked by the number of users and activity on Stacks hitting new heights.
Stacks has noted new record highs in new and active addresses, and so with the current Bitcoin DeFi Market trend, this altcoin is set to rise even higher. With this in mind, analysts have placed high Stacks price expectations, which forecast that it might trade at $10 by the end of this year and therefore, is among the best cryptos to buy now.
4. Near Protocol
Near Protocol (NEAR) is one of the best coins to invest in because of its unique positioning in the AI-Crypto market. Top industry experts like Altcoin Sherpa have said that cryptos in the AI field like Near Protocol, are primed for major price increases this year.
Near Protocol is one of the most promising cryptocurrencies at the moment due to its solid ecosystem that offers developers fast transactions and low costs for creating AI applications. The likes of Jamie Coutts, a former Bloomberg analyst have said that NEAR is very bullish. From its current range at $5, NEAR has been tipped to set a new ATH has high as $25.
5. Arbitrum
Arbitrum (ARB) is one of the top DeFi projects that has been attracting a lot of users lately. Because this L2 scaling solution is way faster and cheaper than Ethereum, many developers and projects are now building on its network.
Santiment statistics reveal that within two weeks, over 10 thousand new users joined the Arbitrum network. In addition, the Arbitrum coin has been tipped to benefit from the upcoming listing of Ethereum ETFs. From its current range at $0.800, ARB has been tipped to set a new ATH above $3 this bull cycle.
Conclusion
The crypto market shift is already happening, and Angry Pepe Fork, Chainlink, Stacks, Near Protocol, and Arbitrum are top projects bound for major success. While these are the best cryptos you can buy, the standout performer looks to be APORK, with its fundamentals aligning with the ongoing market shift.