Among the more established cryptocurrencies, the biggest seven-day weekly gainers are once again utility tokens.
This is more noteworthy than you might think because this hasn’t been the case for months.
Even though most memes are ephemeral and short lived, they still receive most of the attention and suck liquidity out of utility tokens (money needs to come from somewhere).
The fact that most utility tokens are currently dominating and most established memes have actually started to pull back recently means that the market is changing once again.
Change always starts small and quickly becomes bigger.
But the change is already evident, and smart players are taking action even early in the shift.
Utility season is back?
The data does support this 👌
A new star emerges🤝
Meanwhile, Bitcoin attempts to retake key support levels, and the uptrend will be sustainable. 🤝
If the cycle repeats in 2023 based on total CEX volume
So you still have 3-4 months to collect
Volumes will increase strongly from November 12 and peak in March and April 2025
In the crypto space, I believe the strongest bull runs only occur when there is a strong wave of growth. Similar to the beginning of this year, when everyone was bullish.
Binance’s recent actions can also be seen
In the past 7 days, 9 new futures trading pairs $RARE $SYN $SYS $VOXEL $BRETT $ALPACA $POPCAT $SUN $VIDT were added, most of which are low-cap and have few holders.
The purpose is to activate the market, serve traders and earn liquidity and transaction fees.
Really bringing non-cryptocurrency users into the market.
I found a list of the top 10 altcoins with the best potential in 2024. These altcoins are recognized for their stability and growth prospects, making them a safer choice in uncertain market conditions.
Here are the coins you should keep an eye on before they surge:
Toncoin $TON
» More than 700 DApps, covering games, social networking, DeFi, etc.
» The Ton blockchain has over 4 million transactions per day and a TVL of $508 million.
» Promote DApp adoption through grants and educational programs.
» Significant growth in users over the past six months
Solana $SOL
» High scalability and low transaction fees.
» Strong interest from developers and institutions.
» Weekly fee revenue exceeds $ETH.
» As of March 2024, over 110 million NFTs have been minted on Solana.
» Memecoin traders’ favorite blockchain
Decision $ARB
The leading layer 2 scaling solution for Ethereum.
» More than 408,000 daily active users.
» Pantera Capital participates in governance.
»ARB’s TVL is $2.372 billion higher than Polygon, OP or other layer2s”
» Recent updates: Kwenta launch and Arbitrum Orbit expansion.
Mantra $OM
» Enhance Ethereum functionality and promote accessible financial services.
» There is growing interest in tokenizing real world assets (#RWA).
» Introducing the 50,000,000 $OM GenDrop Season 2.
» dYdX adds $OM to its chain.
» Over $50 million in $OM staked
Near Protocol $NEAR
» Known for resilience and innovation.
» Highest number of daily active users among Layer 1 solutions after Solana (1.5M).
» Attracting more projects due to its developer-friendly platform.
» Near has $800 million ecosystem fund to launch and support new projects
ONDO Finance $ONDO
» Convert real-world assets into digital tokens.
» A must-have for investing in U.S. Treasuries and BlackRock iShares Treasury Bonds.
» Strong partnerships with BlackRock and Coinbase Ventures.
» Pyth Network partners with Ondo to launch USDY/USD price feed.
Polygon $MATIC
» Essential for scaling Ethereum.
» Popular in DeFi and NFTs.
» 35 million MATIC allocated for its ecosystem projects.
» Work with Ronin Network using Polygon’s Chain Development Kit.
» There are more than 17,800 active DApps on Polygon.
Etherfi $ETHFI
» The leading re-staking platform on Ethereum.
» It is crucial for DeFi as it has the highest Total Value Locked (TVL) in its category.
» Release of Season 2 Payout Checker, distributing over 53M tokens (~$100M).
» Launch of “Cash” – mobile wallet + Visa credit card.
Render $RNDR
» Provide decentralized GPU network services.
» A must-have for games and movies.
» Social dominance, active addresses, and whale transactions all reached six-month peaks recently.
» AI hype has increased significantly, making RNDR a potential hit.
Arweave $AR
» Provides permanent data storage.
» Announced that the new token will be launched in a 100% fair manner, with no pre-mine or pre-sale.
» Recently partnered with a major blockchain company to enhance the technology.
» Over 1PB of data stored on the Arweave network
Bonus points:
Chainlink $LINK
» Launch of Digital Asset Sandbox for tokenization trials and PoCs.
» Partnerships with tech giants like Google and Oracle.
» Vital to the RWA sector, providing oracle services.
» Institutional interest grows as BlackRock launches tokenized fund.
