Utility tokens such as Big Eyes (BIG), Solana (SOL), and Polkadot (DOT) are dominating the blockchain space.
As their name suggests, utility tokens are utility carriers within blockchain systems. These tokens serve as access codes or premium currencies, enabling users to access several features within a project’s framework.
Top utility tokens are in high demand right now among cryptocurrency traders, as these tokens enable traders to buy into lucrative markets.
Additionally, traders are buying them because most utility tokens have a promising future and the potential to grow their cryptocurrency portfolios significantly.
However, it can be challenging to identify the best utility token to buy, considering the large and constantly growing number of crypto platforms with utility tokens.
This guide will list the three dominating utility tokens we think you should buy.
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 in-network developments have aided the rise of SOL token prices by over 130, 000% in just over two years.
It is anticipated that integrating new technologies and enhancing existing ones would further expand the Solana (SOL) network, boosting demand for SOL tokens. Analysts also forecast that SOL token values might reach $5,000 by 2030. They have also identified a recovering cryptocurrency market and increased adoption of blockchain and crypto technologies as further factors that will support Solana’s upward trajectory.
It is predicted that the increasing Solana and brand (on-chain and off-chain) collaborations would be a major factor in raising the price of SOL tokens.
Polkadot (DOT), often nicknamed the Ethereum (ETH) killer, is a unique proof-of-stake (POS) project that aims to rival the Ethereum (ETH) blockchain by delivering interoperability between different blockchains.
The protocol is designed to connect blockchains (permissioned and permissionless) and oracles, allowing systems to function together under one umbrella.
Polkadot’s core element is its 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 utilizing the security that Polkadot’s chain already provides, as opposed to only developing dApps on Polkadot (DOT).
With Ethereum (ETH), developers can build new blockchains but must also build their security systems. This can leave 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 Coin (BIG) is a new community-based cryptocurrency platform enabling users to leverage decentralized finance (DeFi) solutions to generate income.
Additionally, it features a native currency called BIG that can be used for staking, supplying liquidity pools, and earning rewards, among others.
The BIG Token features an auto-burn mechanism that causes tokens to be burned regularly. The procedure will ensure minimal price fluctuations and that the token’s supply remains limited.
The BIG Token has a total supply of 200,000,000,000 units, and interested buyers can purchase them now at their ongoing presale.
Its developers aim to grow 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 initiatives. Also, the Big Eyes (BIG) team will use the knowledge and creativity of its community to promote the platform.
Generally, most utility tokens are solid long-term buys. They are supported by highly sustainable crypto projects whose utility and rising use cases will keep driving increases in token value for the foreseeable future.
These three tokens are our top selections for dominating utility tokens to invest in. You can find more information about Big Eyes (BIG) below.
Join Presale: https://buy.bigeyes.space/
This news is republished from another source. You can check the original article here.