14 Best Utility Tokens to Invest in 2024

Utility tokens are cryptocurrencies that have an actual use case to power the protocol or concept they are offering – a crucial metric for long-term investors.

They are different from purely speculative tokens, including a large number of meme coins, which exist only as investment vehicles with little other purpose.

In this guide, we discuss the best utility tokens to buy in 2024 – read on to discover the most in-demand utility crypto coins right now.

The Best Utility Coins to Buy

In our view, listed below are the 14 best utility tokens in the market right now:

  1. Smog (SMOG) – Best meme utility token, get airdrop rewards and 42% staking yields.
  2. Sponge V2 (SPONGEV2) – ERC-20 utility token offers 190% staking APYs.
  3. Bitcoin Minetrix (BTCMTX) – New crypto offers BTC mining credits. $11M raised.
  4. Meme Kombat (MK) – P2E meme coin provides 106% staking APYs
  5. eTukTuk (TUK) – Sustainable crypto has raised over $1M on presale. 
  6. 5th Scape  A new VR crypto offers immersive gaming opportunities.
  7. Green Bitcoin (GBTC) – Green crypto offers rewards for predicting the BTC price. 
  8. Scotty the AI (SCOTTY) – AI-powered cryptocurrency has raised over $440K. 
  9. Poodl Inu (POODL) – New presale meme coin offers 3,400% staking APYs.
  10. Ethereum (ETH) – The world’s leading smart contract blockchain.
  11. Arbitrum (ARB) – A leading layer-2 solution for Ethereum and ERC-20 tokens.
  12. BNB (BNB) – Native token of Binance, $56 billion market cap.
  13. Chainlink (LINK) – Decentralized crypto has a $10 billion market cap.
  14. The Sandbox (SAND) – Metaverse crypto used to purchase virtual land NFTs.

Reviewing the Crypto With the Best Utility

From an investment perspective, the utility of a cryptocurrency is very important. However, there are many other factors to consider before proceeding.

This includes the upside potential of the utility token and current market prices – not to mention whether or not the cryptocurrency has a unique value proposition or concept that means it stands apart in a crowded market.

Read on to discover our insights on the 14 best utility tokens to buy today.

1. Smog (SMOG) – Best Utility Token, Get Huge Airdrop Rewards and Staking Yields

The top pick for the best utility token to buy in 2024 is Smog ($SMOG). A new Solana-based cryptocurrency, $SMOG, launched on the Jupiter decentralized exchange in February 2024.

Upon listing, $SMOG had a market cap of only $2 million, which is now worth nearly $90 million. By deploying 50% of its total 1.4 billion token supply on marketing, Smog will focus on becoming the biggest Solana meme token.

Smog token page

However, $SMOG also offers multiple use cases to token holders. For starters, it is conducting a huge airdrop campaign. You can start earning airdrop points by simply holding the token, and completing online challenges.

So far, more than 8,000 people have registered for the airdrop with Zealy and have completed more than 270,000 challenges. The challenges include following Smog on Twitter and Telegram.

From the total supply, Smog will allocate 490 million tokens through the airdrop.

This meme coin offers additional utility through the staking mechanism. At press time, you can earn 42% annual yields by staking $SMOG. More than 8.9 million tokens have already been staked on the ecosystem.

Thus, the huge airdrop earning opportunities and passive income make $SMOG our top pick for the best meme utility coin. Read the Smog whitepaper for more updates on this meme cryptocurrency.

Hard Cap N/A
Total Tokens 1.4 Billion
Tokens available in presale Not a presale
Blockchain Solana
Token type SPL
Minimum Purchase N/A
Purchase with SOL, USDT, USDC or any other Solana-based token

2. Sponge V2 (SPONGEV2) – New Utility Token With an Upcoming Play-to-Earn Racing Game

Sponge V2 ($SPONGEV2) is an ERC-20 token that has outlined a play-to-earn racing game. The game release is planned for stage three in the roadmap, right after the new token is listed on exchanges.

Given the Sponge V1 already had successful launch, reaching a $100 million market cap during its peak — which returned 100x to early investors — we believe that Sponge V2 has the same potential to skyrocket. 

Sponge V2 token presale

Those who already own Sponge V1 tokens can stake them to earn Sponge V2 tokens. Those that don’t, can purchase them from the Sponge V2 website. All you need is to connect your Ethereum wallet and use ETH or USDT to complete the purchase.

Stake your tokens to earn 190% APY, which is one of the highest rates you can earn with a meme coin. Of course, the APY is going to drop as more tokens are locked. However, it’s likely to stay high as over 43% of the total token supply is dedicated to the presale, according to Sponge V2 whitepaper.

While you wait for the game to release, follow Sponge V2 on X and join the Sponge V2 Telegram channel to get the latest information. Join Sponge V2 Discord channel if you wish to engage with the community.

Hard Cap NA
Total Tokens 150 Billion
Tokens available in presale NA
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase NA
Purchase with USDT, ETH, Card

3. Bitcoin Minetrix (BTCMTX) – Stake-to-Mine Token Offering High Staking Returns and Cloud Mining Credits, Soaring on Newly Launched Presale 

One of the best utility tokens to look at right now is Bitcoin Minetrix (BTCMTX). This is a stake-to-mine cryptocurrency that combines token staking and cloud mining. The key utility being offered by Bitcoin Minetrix is the tokenization of cloud mining – making it safer and cheaper to enter this space. 

Bitcoin Minetrix presale

The main benefit of tokenizing cloud mining is providing investors with more autonomy and transparency over this activity. On Bitcoin Minetrix, individuals can access cloud mining credits by staking $BTCMTX, the native cryptocurrency. 

This solution has emerged due to the prevalent scams through third-party cloud mining operations. By decentralizing this whole process, Bitcoin Minetrix ensures all users’ safety. Furthermore, Bitcoin Minetrix promises to offer very high yields to token stakers. 

The cloud mining credits access are ERC-20 non-tradable tokens. The tokens can be burned on the ecosystem to acquire Bitcoin mining power. Thus, investors do not need to set up their own mining rigs or purchase advanced equipment to get started. The Bitcoin mining power can be used to earn allocated mining time, which will help you earn a share of mining revenues. 

This utility token has recently started its token presale. $BTCMTX is priced at $0.0135 during the ongoing presale round. The token has a total supply of 4 billion, from which 2.8 billion have been allocated for the presale. Since the presale started, Bitcoin Minetrix has raised more than $11 million. 

The tokens will mainly be used to allocate staking rewards, support Bitcoin mining, and for the community. 30% of the token supply will be used for marketing purposes. To learn more about this utility token, read the Bitcoin Minetrix whitepaper and join the Telegram channel

Hard Cap $32 Million
Total Tokens 4 Billion
Tokens available in presale 2.8 Billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase $10
Purchase with USDT, ETH, BNB

4. Meme Kombat (MK) – Wager and Stake this Meme Token on a Battle Arena and Win Rewards

While meme cryptos are not usually associated with providing high utility, Meme Kombat (MK) ($MK) is a new cryptocurrency token offering earning opportunities. 

This exciting meme cryptocurrency will leverage artificial intelligence and blockchain technology to offer users with a play-to-earn battle arena. On this battle arena, users can wager $MK – the native cryptocurrency, and engage in virtual battles with meme coin avatars. 

The battle arena will allow players to engage in battles with eleven unique meme coin characters. Players can engage in Player vs Player modes – and wager $MK tokens to win additional rewards. 

The platform will also feature Player vs Game modes, and allow users to bet on several live games on the battle arena. Currently, $MK is being allocated through its presale stage – and is only priced at $0.279 on presale. By purchasing tokens on the presale, investors can automatically stake their holdings on Meme Kombat’s staking contract. 

At press time, the APYs (Annual Percentage Yields) of staking $MK is 106%. Thus, users can earn high passive income and free tokens through the Meme Kombat ecosystem. Since the presale launched, Meme Kombat has raised more than $9 million. 

From a maximum supply of 120 million tokens – 60 million have been allocated for the ongoing presale. Another 30% of the token supply will be offered through battle and staking rewards. For more information on this meme utility token, read the Meme Kombat whitepaper and join the Telegram channel

Hard Cap $10,000,000
Total Tokens 12,000,000
Tokens available in presale 6,000,000
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase $5
Purchase with USDT, ETH, BNB

5. eTukTuk (TUK) – Make Payments at Charging Stations and Earn Over 209% Staking APYs

eTukTuk (TUK) is a new cryptocurrency project promoting EV adoption among TukTuk drivers, and is working to reduce pollution in developing countries. The main motive of eTukTuk is to promote the usage of electric vehicles among TukTuk drivers. 

eTukTuk presale

With the increase in energy prices, TukTuk drivers that operate on internal combustion engines (ICEs) are failing to make a minimum wage. Furthermore, ICEs also contribute to more air pollution than cars. eTukTuk will help set up EV charging stations and build electric vehicle supply equipment (EVSE) in the urban and suburban areas of developing countries. 

These EVSEs will be compatible with all zero-emission vehicles. To set up the EVSEs, eTukTuk will take help from local territory partners. They will be responsible for operating and maintaining the charging stations. Since they are locally sourced, the costs will be reduced. 

TukTuk drivers can make payments on these charging stations with $TUK tokens. For every payment made, territory partners will receive a portion as rewards. $TUK token holders can also earn huge rewards by contributing to the ecosystem. $TUK can be staked into power nodes and used to settle transactions and maintain the network. 

eTukTuk efficient charging

Staked token holders will earn high APYs (Annual Percentage Yields) for doing so. At the time of writing, eTukTuk is rewarding token holders with a staking APY of over 209%. Interested investors can join this project by purchasing $TUK on the presale. $TUK is priced at $0.02675 per token. The presale has already raised more than $1 million. 

For more information on this sustainable utility token, read the eTukTuk whitepaper and join the Telegram channel

6. 5th Scape (5SCAPE) – A VR-Focused Crypto Project, Currently in a Presale Phase     

5th Scape is a new crypto project that combines VR technology, such as VR games, VR headsets and chairs, with blockchain. The project’s native token is 5SCAPE, which will have utility within the ecosystem.

The token will be used as a currency within the 5th Scape ecosystem, as well as to give holders access to exclusive content and discounts. If the project takes off, the token could be one of the best utility tokens to hold.

5th Scape presale

You can only get the 5SCAPE token at a presale as of this writing. The presale will come in 12 rounds where each round will have a higher token price than the previous. If you’re looking to buy the project, getting in as early as possible could give you a better entry price.

Connect your Ethereum wallet to the presale site and use ETH or USDT to make the purchase. Less than half of the tokens will be unlocked right after the presale ends, while the remaining portion will have a vesting period, according to the 5th Scape whitepaper.

5th Scape VR

Follow 5th Scape on X and join the 5th Scape Telegram channel for the latest project information.

Presale Started January 2024
Purchase Methods ETH or USDT
Chain Ethereum
Hard Cap $15 million
Min Investment None
Max Investment None

7. Green Bitcoin (GBTC) – Stake-to-Earn Sustainable Crypto Offers Rewards Through its BTC Price Prediction Game 

Green Bitcoin ($GBTC) provides utility through its sustainable gamified green staking platform, offers lucrative presale APYs, and community rewards. This ERC-20 token aims to be a sustainable alternative to Bitcoin – following an eco-friendly approach by adopting the proof-of-stake consensus. 

What is Green Bitcoin

Since Bitcoin follows a proof-of-work consensus – it uses high amounts of computing power and energy to generate new tokens. Green Bitcoin, on the other hand, powers its network through smart contracts and staking protocols. Based on the Ethereum blockchain, Green Bitcoin utilizes 10,000 times less energy than Bitcoin. 

On top of the sustainable approach, Green Bitcoin will also offer income-generating opportunities with $GBTC – its digital token. Investors can stake $GBTC and take part in a staking game. Players can interact with Bitcoin’s market activity, and make daily predictions on the BTC token price. 

Successful forecasts are rewarded with a proportionate share of the daily staking reward pool. 27.5% of Green Bitcoin’s 21 million token supply will be offered through the staking rewards pool. The rewards will be offered daily – until 31st December 2025. 

Green Bitcoin gamified staking

To earn further rewards, investors can lock in their tokens on the staking pool. A six-month lock-in leads to a 20% token bonus on top of your daily rewards. Investors can also earn lucrative APYs by staking their tokens. 

For the ongoing presale, Green Bitcoin is offering 286% APYs to staked token holders. According to the Green Bitcoin whitepaper, 8.4 million tokens are being allocated for the presale. At the time of writing, $GBTC is priced at $0.4786 per token. The listing price is set at $0.60 per token. 

Stay updated with this cryptocurrency by joining the Green Bitcoin Telegram channel

Total Tokens 21 Million
Tokens available in presale 8,400,000 GBTC
Blockchain Ethereum
Token Type ERC-20
Minimum purchase None
Purchase with ETH, USDT, Card

8. Scotty the AI (SCOTTY) – Advanced AI Crypto Platform Offers Staking Rewards and Swapping Mechanisms 

Scotty the AI ($SCOTTY) is an innovative crypto platform that centers around artificial intelligence. The platform combines advanced AI tools and algorithms in the blockchain space to offer more security.

What is Scotty the AI

According to the Scotty the AI whitepaper, the platform boasts advanced AI capabilities that allow it to analyze complex blockchain data. Scotty the AI can also detect suspicious and fraudulent transactions, quickly neutralizing them to help safeguard the integrity of the crypto space. 

$SCOTTY, the native token, can be staked to generate high annual yields. From its maximum supply of 1,734,567,890 tokens, over 346 million will be offered as staking rewards. The platform will soon allow $SCOTTY holders to swap their holdings through a swapping mechanism. 

Scotty the AI features

This platform will also introduce an online chatbot – which uses AI tools such as Natural Language Processing to communicate and respond to human queries. Currently on presale, $SCOTTY is priced at $0.00555 per token. 30% of the total supply is available for the presale. 

$SCOTTY is set to be listed on Uniswap and BitMart post its presale. To learn more about this new AI cryptocurrency, join the Scotty the AI Telegram channel

Total Tokens 1,734,567,890
Tokens available in presale 520,370,367 SCOTTY
Blockchain Ethereum
Token Type ERC-20
Minimum purchase 10 $SCOTTY
Purchase with ETH, USDT, Card

9. Poodl Inu (POODL) – Get 3,400% Staking APYs with this Presale Meme Token

The next top utility token on our list is $POODL – the native crypto token of Poodl Inu. A new dog-themed meme coin, Poodl Inu, offers utility through its staking mechanism.

Poodl Inu presale

From its total supply of 6.9 billion tokens, Poodl Inu will allocate 2.07 billion tokens to staked token holders. In fact, those who purchase and stake $POODL at the early presale stages can generate more than 3,400% in annual yields.

The APY rates will fall as more tokens are locked on the Poodl Inu smart contract. Currently, more than 60 million tokens have been staked on Poodl Inu. Thus, the staking feature can help offset some of the volatility that this meme coin may experience post its initial exchange offering.

The current presale is distributing 3.45 billion tokens. At the time of writing, $POODL is priced at only $0.000214 per token. Over $160K has been raised within a couple of days. Another 10% of the token supply will be used to maintain DEX liquidity.

Poodl Inu staking and earn

Read the Poodl Inu whitepaper and join the Telegram channel to learn more about this cryptocurrency.

Total Tokens 6.9 Billion
Tokens available in presale 3.45 Billion
Blockchain Ethereum
Token Type ERC-20
Minimum purchase None
Purchase with ETH, USDT, BNB, Card

10. Ethereum (ETH) – Leading Smart Contract Ecosystem Supporting Thousands of ERC-20 Tokens 

As the world’s second-largest cryptocurrency by market capitalization, it will come as no surprise to see Ethereum on this list. Crucially, the Ethereum blockchain is used by thousands of projects and decentralized apps (dApps). In order to execute transactions, ERC-20 projects must pay GAS fees which are payable in ETH and which makes Ethereum one of the best utility coins to buy.

Let’s take Uniswap as a prime example, which is a decentralized exchange built on the Ethereum network. According to CoinMarketCap, Uniswap processed over $500 million worth of ERC-20 transactions in the prior 24 hours. Each of these transactions requires GAS fees and, thus – ETH.

Ethereum price chart

What’s more, ETH is also required when minting and transferring Ethereum-based NFTs. This is another huge marketplace that continues to grow, meaning that demand for ETH is following suit.

Those looking to invest in Ethereum today will secure a huge discount from its former all-time high of almost $5,000, with the price currently more than 60% lower.

11. Arbitrum (ARB) – Instant Solution to Ethereum’s High Fees and Scalability Restrictions 

We found that Arbitrum is also one of the best utility tokens to buy. Put simply, this is a layer-2 solution for the Ethereum blockchain, solving the issue of high fees and scalability restrictions. To provide some context, we mentioned above that thousands of ERC-20 tokens use the Ethereum network – while beneficial for ETH tokens, fees remain extremely high, and transactions are limited to just 30 per second.

These inefficiencies are solved by bridging to the Arbitrum network and, according to CoinMarketCap, more than 220 ERC-20 projects have already completed this step. This increases scalability from 30 transactions per second to 40,000, with those bridged to Arbitrum also benefiting from much lower fees.

Arbitrum price chart

Arbitrum has its own utility token, ARB, which is used for paying fees and as a governance token, enabling holders to vote on key proposals made by the Arbitrum community.

ARB was listed on exchanges in March 2023, securing tier-one listings on Binance, Coinbase, Kraken, KuCoin, and many others. Since listing, ARB has declined by over 90% – for some, this offers an unprecedented discount, considering the project’s use cases.

12. BNB (BNB) – Large-Cap Utility Token Fueling the Binance Ecosystem 

BNB is the best utility token to buy for exposure to Binance. The world’s biggest crypto exchange launched BNB in late 2017, and it is now the fourth-largest token by market capitalization. Crucially, Binance has created a wide range of use cases for BNB, ensuring that the token remains in high demand, including fuelling the Binance Smart Chain.

This blockchain network is home to almost 2,000 tokens. Any transactions executed on the Binance Smart Chain require GAS fees to be paid in BNB. Moreover, most tokens on the Binance Smart Chain are traded against BNB, creating further demand – BNB also entitles holders to a 25% discount on trading fees, while we also like that tranches of BNB tokens are regularly removed from circulation.

BNB price

Binance frequently burns BNB tokens, with the platform reporting figures every quarter – in the most recent burn, Binance removed over $670 million worth of BNB from the circulating supply. As such, BNB is one of the best utility crypto coins for those seeking a deflationary investment. Currently, BNB is trading over 50% below its bull market peak.

13. Chainlink (LINK) – Connecting Blockchains and Smart Contracts With the Real-World 

Launched in late 2017, Chainlink is a top-25 cryptocurrency by market capitalization and specializes in ‘oracles’, which bridge the gap between smart contracts and the real world. Put simply, Chainlink oracles can extract real-time data from verifiable sources, ensuring that smart contracts play a crucial role in the Web3 era.

For example, let’s suppose a decentralized gambling site offers sports betting markets. After a sporting event finishes, Chainlink oracles can scan real-time data points from trusted sources – not only does this enable the decentralized gambling site to verify the outcome of the event, but the smart contract can instantly release the winnings to players.

Chainlink price

Online gambling is just one use case for the Chainlink ecosystem. Its oracles will find use in most industries, from insurance and banking to predictive markets and supply chains.

The project’s native utility token, LINK, is required to send oracle queries and is among the best Web3 coins – LINK has generated returns of over 4,000% since launching in 2017.

14. The Sandbox (SAND) – Metaverse Ecosystem Supporting Real Estate Investments  

The Sandbox is a metaverse ecosystem that created significant hype during the prior bull market. Put simply, the Sandbox metaverse enables investors to buy plots of land that are backed by NFTs. Just like real-world property, those buying land in the Sandbox own the plot outright. Moreover, the value of land rises and falls based on market demand.

There are various ‘neighborhoods’ in the Sandbox metaverse, some more exclusive than others. For example, Snoop Dogg purchased a virtual mansion in 2021, which increased the value of the land around Snoop Dogg’s plot, with one investor paying over $450,000 to live next door. That said, this is ‘small fry’ when compared to some of the biggest land purchases made in 2021.

The Sandbox price

For example, CNBC notes that an investor paid over $4.3 million for some Sandbox metaverse land. Nonetheless, all land purchases in the Sandbox are paid with SAND, the project’s native utility token. SAND trades on most tier-one exchanges and currently has a market capitalization of almost $ 1 billion. This is a sizable decline from the project’s $7 billion valuation in late 2021.

What are Utility Tokens?

In a nutshell, utility tokens are cryptocurrencies that serve a specific purpose. This might be to pay for transaction fees, access products, and services, or invest in metaverse real estate. The key takeaway is that people have a reason to buy crypto utility tokens other than for just speculation.

Utility tokens are cryptocurrencies that operate on a blockchain network. However, not all cryptocurrencies are utility tokens. For example, some real world asset tokens work by turning real-world assets such as commodities and real estate into digital tokens that can be exchanged on a cryptocurrency blockchain. Put simply, if a cryptocurrency has utility, this means that it has an actual use case within the project’s ecosystem.

For example, we mentioned that ETH is the native utility token of Ethereum. ETH has utility because it is required to pay GAS fees when executing smart contract transactions.

In contrast, most cryptocurrencies do not have any utility. These are often referred to as ‘meme coins‘, as the growth of the project is exclusively based on hype and speculation. While some meme coins have witnessed success, most fail. This leaves investors with tokens worth a tiny fraction of the original investment price.

This is why seasoned investors will often focus on utility tokens – whether it’s Ethereum, BNB, or Chainlink, these projects have created a token required for a specific purpose. This means that Web3 users will purchase these tokens not only as an investment vehicle but to use or engage with the protocol and project they have developed.

For example, developers buy LINK tokens to access Chainlink’s oracle service, while recruiters need DLANCE to hire freelancers on the DeeLance platform. Similarly, manufacturers need ECOTERRA tokens to buy recycled raw materials on the ecoterra dashboard – with the token also given as a reward for users that recycle household waste.

Crypto utility tokens could see a huge surge in price in the next crypto bull run, which is expected within 18 months as Bitcoin approaches its next halving cycle.

Crypto Utility Explained

Now let’s dig a little deeper into the different types of utility within the cryptocurrency ecosystem.

GAS Fees

One of the most common utilities for cryptocurrencies is to pay blockchain GAS fees, which are network/transaction fees for a particular blockchain. For example, we mentioned earlier that the Binance Smart Chain is used by almost 2,000 projects, including everything from decentralized exchanges to play-to-earn games.

Either way, any transactions conducted within the respective ecosystem must be paid in BNB. As such, this means BNB has real-world utility across a significant number of projects.

Exclusive Payment Method

Another way that cryptocurrencies can have utility is that they are the exclusive payment method for a specific product or service.

Similarly, DLANCE tokens are required by recruiters wishing to hire talent on DeeLance. The DLANCE tokens are deposited in escrow via smart contracts and automatically released to freelancers once the job is completed.

In these scenarios, utility tokens experience increased demand when more people wish to access the respective products or services. And hence, increased demand often leads to price appreciation.

Layer 2 Services 

Another angle to explore is layer-2 service providers like Arbitrum – ERC-20 projects bridging to the Arbitrum network benefit from increased transaction throughput and reduced fees.

ARB, the network’s native utility token, is required when bridging to Arbitrum. This is also the case for other layer-2 solutions, with MATIC tokens required when bridging to the Polygon network, for example.

Metaverse Real Estate 

Some of the best utility coins can be found within the metaverse space. SAND tokens are required when buying virtual plots of land in the Sandbox and MANA tokens are the only accepted currency when buying plots in Decentraland.

This means that investors need to buy the respective utility token should they wish to buy a stake in the metaverse. Moreover, investors will receive the utility token when selling their metaverse land.

Staking 

Staking is another crucial aspect of the utility token scene. For example, we mentioned earlier that yPredict has developed a marketplace for crypto-predictive models.

yPredict enables users to stake their tokens, meaning they are locked for a certain number of days – during the staking period, investors earn a share of the revenues generated from yPredict subscriptions.

Rewards  

Some utility tokens serve as a rewards currency for crypto ecosystems. For instance, play-to-earn games like Tamadoge enable players to earn TAMA when completing tasks, including entering virtual pets into battle and playing mini-arcade games.

In another example, ecoterra rewards users with ECOTERRA tokens when they recycle. Whether it’s glass bottles or plastics – rewards are paid instantly after depositing items in a reverse vending machine.

The tokens can then be held as an investment, staked, sold on exchanges or used to fund other eco-friendly projects.

Are Utility Tokens a Good Investment?

While utility crypto tokens have an actual use case, there is no guarantee that an investment will yield a financial return – most utility tokens are volatile, so investors should tread with caution.

Some crypto investors will only consider buying utility tokens, the reason for this being that utility tokens often have a greater chance of success and for being among the most profitable crypto coins. After all, cryptocurrency utility tokens represent more than just a speculative investment.

This is because many utility tokens are purchased by people outside of the investment space.

Chainlink

Similarly, smart contract developers wishing to extract real-world data might consider buying LINK tokens, which enable them to access Chainlink oracles, bridging the gap between the real world and the blockchain space.

From an investment perspective, utility tokens fluctuate like any other asset class. Whether the tokens rise or fall in value will depend on market demand. As more people buy a specific utility token, its value will increase. But if demand wanes, this will have the opposite effect.

Things to Consider Before Buying Utility Cryptos

Predicting the future demand and value of a utility token is no easy feat, in fact, with such a large number of utility tokens in the market, picking the next crypto to explode has never been more challenging.

This is why diversification is so important. Rather than attempting to pick one utility token, consider gaining exposure to many different projects and use cases – we covered 9 of the best utility coins, but there are thousands more to choose from.

Additionally, consider building a portfolio that covers utility tokens at various stages of development. For example, we discussed established utility tokens with billion-dollar valuations, such as Ethereum, BNB, and Chainlink.

At the other end of the spectrum, we also discussed some of the best utility tokens in presale – including Sponge V2, Bitcoin Minetrix, and Meme Kombat – which represent a higher risk, higher reward prospect to established and arguably best crypto projects.

Ultimately, by investing in a broad range of utility tokens, investors can avoid putting all of their eggs into one basket.

Conclusion

Utility tokens are attractive to investors seeking solid long-term gains. Unlike meme coins and other cryptocurrency types, utility tokens have an actual use case. This means that people will buy utility tokens to access specific services within a blockchain ecosystem.

In our view, one of the best utility coins to buy today is Smog ($SMOG). With this newly listed meme coin, investors can generate 42% staking APYs and earn free tokens through an airdrop.

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Kane Pepi

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…