The crypto market is poised to shift focus from meme tokens to utility coins, potentially reshaping it by 2025.
Utility Coins Rise as Memes Settle Down
Traders are returning to utility coins in 2025 after a period of meme token popularity. Noted analyst cevo declared it to be the start of 'utility season' on platform X. Observing CoinMarketCap, none of the meme tokens appear in the top 100 by daily gain. Leading is Ethereum Name Service with a 40% increase, while meme token Pepe is only at 13th place with a 5.9% gain.
CZ Kickstarts the Utility Season
Former Binance CEO Changpeng Zhao noted in a tweet that meme coins are getting 'a little weird', emphasizing the importance of creating real applications using blockchain. He also highlighted the potential of AI models operating on the blockchain. This initiative resonated among traders, who are switching to utility coins like Ethereum Name Service and others.
Utility Project BEST Poised for Growth
One of the frontrunners for the coming utility coin season is the Best Wallet token project. This platform has raised $1.4 million during its presale and offers integrated solutions for users, including buying, selling, and staking tokens from over 60 blockchains. Unique features of the wallet, such as an aggregated DEX and 'Upcoming Tokens' feature, make it a promising tool for users.
Experts are optimistic about the impact of utility tokens on the crypto market in 2025. As traders begin to pivot to more sustainable and functional coins, predictions indicate that utility tokens could become key players in the next crypto bull market.
