Utility tokens such as Big Eyes (BIG), Solana (SOL) and Polkadot (DOT) dominate the blockchain space.
As the name suggests, utility tokens are carriers of utility within blockchain systems. These tokens act as access codes or premium currencies, allowing users to access more features within a project’s framework.
Top utility tokens are in demand right now among cryptocurrency traders, as these tokens enable traders to buy into lucrative markets.
In addition, traders buy them because most utility tokens have a promising future and the potential to significantly increase their cryptocurrency portfolios.
However, identifying the best utility token to buy can be challenging, considering the large and ever-increasing number of crypto platforms with utility tokens.
This guide will list the three dominant utility symbols we think you should buy.
Solana
Solana (SOL) is currently the fastest growing smart contract ecosystem. It has integrated several cutting-edge crypto technologies, which should enable it to dominate the smart contract space and significantly increase the SOL token’s value.
Launched in March 2020, these developments in the network have helped SOL token prices rise by over 130,000% in just over two years.
It is expected that the integration of new technologies and the improvement of existing ones will further expand the Solana network (SOL), and increase the demand for SOL tokens. Analysts also predict that SOL token values could reach $5,000 by 2030. They have also identified a cryptocurrency mining market and increased adoption of blockchain and crypto technologies as additional factors that will support Solana’s upward trajectory.
It is predicted that the increasing Solana and brand collaborations (on-chain and off-chain) will be an important factor in increasing the price of SOL tokens.
Polka dot
Polkadot (DOT), often called the Ethereum (ETH) killer, is a unique proof-of-stake (POS) project that aims to compete with the Ethereum (ETH) blockchain by delivering interoperability between different blockchains.
The protocol is designed to connect blockchains (permissionless and permissionless) and oracles, allowing the systems to work together under one umbrella.
Polkadot’s core element is the relay chain, which facilitates the interoperability of different networks. Additionally, it enables parallel blockchains (parachains) to launch their native tokens for specific use cases.
Polkadot (DOT) differs from Ethereum (ETH) in that developers can create parallel blockchains while leveraging the security that Polkadot’s chain already provides, as opposed to just developing dApps on Polkadot (DOT).
With Ethereum (ETH), developers can build new blockchains, but must also build their security systems. This can make new and smaller projects vulnerable to attack because a blockchain’s security increases with its size. However, Polkadot (DOT) is focused on shared security.
Big eyes
Big Eyes Coin (BIG) is a new community-based cryptocurrency platform that enables users to leverage decentralized finance (DeFi) solutions to generate revenue.
In addition, it has a native currency called BIG that can be used for, among other things, staking, supplying liquidity pools and earning rewards.
BIG Token has an automatic burning mechanism which means that tokens are burned regularly. The procedure will ensure minimal price fluctuations and that the token’s access remains limited.
BIG Token has a total supply of 200,000,000,000 units and interested buyers can purchase them now on their ongoing presale.
The developers aim to increase the platform’s popularity and community through aggressive marketing.
Big Eyes Coin (BIG) will allocate a portion of its resources, including its token supply, to marketing efforts. The Big Eyes (BIG) team will also use the knowledge and creativity of the community to promote the platform.
Exit
Generally, most utility tokens are solid long-term buys. They are backed by highly sustainable crypto projects whose utility and growing use cases will continue to increase token value for the foreseeable future.
These three tokens are our top picks for dominant utility tokens to invest in. You can find more information about Big Eyes (BIG) below.
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