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The next big thing in crypto is utility coins, according to one veteran analyst.
In a Twitter post earlier this week, Toray Kortan pointed out how these coins could be about to pump.
And his prediction seems spot-on: Best Wallet (BEST), a fast-growing crypto wallet project, has now raised over $2 million during its ICO.
Top Analyst Says Utility Coins Set to Dominate Crypto Market
Kortan, known for his accurate market calls and Twitter following of over 59,000 people, says big shifts are coming to the crypto market.
His post from Monday grabbed everyone’s attention as he speculated utility coins are the next niche to watch.
“If crypto integrates into society, society will need to derive value from utility,” Kortan wrote, hinting that the days of pure speculation might be ending.
And he’s got a point.
There’s a whole world of difference between a token that just sits in your wallet and one that powers real-world services, like cross-border payments or managing digital identities.
If things are really progressing in the direction everyone (and Trump) says they are…
You may want to put utility back on your radar.
If crypto integrates into society, society will need to derive value from utility.
You’re seeing a taster of this now.
— T (@TorayKortan) December 2, 2024
Kortan, who also runs a popular crypto education platform, says this shift is already happening.
His insights overlap with the growing buzz around coins with actual use cases, such as running DEXs or managing smart contracts.
Plus, with Donald Trump coming into office soon, Kortan believes these coins could be primed to connect crypto innovation with everyday life.
Utility Tokens Already Rallying as XRP & BNB Post Gains
It looks like Kortan’s call on utility coins is already playing out.
The sector has been on fire lately, with several utility-focused cryptos posting huge gains.
XRP is leading the way, rising to its highest market cap ever yesterday and hitting price levels we haven’t seen since January 2018.
But it’s not just XRP.
Other utility coins, like HBAR and IOTA, are also making big moves.
The real standout in the past 24 hours has been BNB, which rocketed 20% to hit $785.
BNB has landed in CoinMarketCap’s top five gainers, and its trading volumes are up a massive 149%.
This shift marks a significant change from when meme coins dominated the top gainers list a month ago.
Now, tokens with practical use cases are getting all the attention.
And with Trump reportedly eyeing a crypto-friendly SEC chair, the utility token niche might be about to rally even harder.
So, the difference is clear – while meme coins had their moment, the market seems to be maturing towards coins that actually do something.
Web3 Project Best Wallet Emerges as Next Big Utility Coin & Raises $2M in ICO Phase
Although established utility coins are making moves, smaller-cap projects might see even bigger gains as the market changes.
With XRP and BNB already boasting enormous market caps, these smaller projects have much more room to grow.
One that’s getting attention in this regard is Best Wallet.
Best Wallet’s ICO has already raised over $2 million, and investors can buy the native BEST token for just $0.022925.
Over $2M Raised in the $BEST Presale!
This is a huge milestone for the Best Wallet family – and we’re just getting started!
With stage 17 ending soon, now is the time to join the presale and secure your spot!
Download now https://t.co/oDRZYzT4WJ pic.twitter.com/Ot2uGQknJ5
— Best Wallet (@BestWalletHQ) December 3, 2024
It’s easy to see why investors are jumping in: BEST token holders get a ton of benefits that go beyond what most utility coins offer.
Think reduced fees across the Best Wallet ecosystem and early access to new crypto launches.
BEST holders can even stake their tokens for APYs of over 1,700%.
What also sets Best Wallet apart is its all-in-one approach.
It’s not just another MetaMask clone – it offers a full suite of services, including its own DEX that aggregates other exchanges for the best swap rates.
Is @BestWalletHQ the deal of a lifetime? Maybe…just maybe!
BEST WALLET – Presale https://t.co/HF2MURQ2mP pic.twitter.com/qFK2oCt8hd
— Austin Hilton (@austinahilton) November 30, 2024
Best Wallet’s team is also developing a crypto debit card for real-world spending.
Plus, since the wallet supports over 60 different blockchains, it’s easy for users to manage their entire portfolio in one place.
Crypto analyst Austin Hilton said investing in the BEST token could be the “deal of a lifetime.”
So, with utility coins heating up and Best Wallet’s ICO hitting key milestones, early investors might be getting in at just the right time.
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