Utility Over Hype: 7 Cryptos Rallying Up to 100% This Bull Run
Crypto markets are notorious for hype, often overshadowing substance. However, a new trend will likely fuel the next bull run — a focus on utility. Investors increasingly seek tokens that offer real-world applications and value beyond mere speculation as the crypto space matures.
In this blog, we’ll explore seven crypto coins that have demonstrated utility and are rallying significantly amidst the current bull run.
Ethereum (ETH)
Leading the charge is Ethereum (ETH), the second-largest cryptocurrency by market capitalization. While often associated with decentralized finance (DeFi) and non-fungible tokens (NFTs), Ethereum’s true strength lies in its smart contract functionality.
Ethereum has witnessed a remarkable rally, with its Price surging by over 100% during this bull run.
The total value locked (TVL) in Ethereum-based DeFi projects has surpassed $100 billion.
The upcoming Ethereum 2.0 upgrade to enhance scalability and sustainability has generated immense excitement. The London Hard Fork, implemented earlier this year, introduced the EIP-1559 upgrade to make transaction fees more predictable and reduce Ether’s supply.
Morpheus Network (MNW)
Morpheus.Network has been driving blockchain adoption since 2018. Its supply chain platform provides end-to-end shipment visibility and tackles the challenges of counterfeiting, delays, and manual compliance. The undervalued project has recorded a 40% surge in the last 30 days.
MNW is currently the best player in the market, giving its participants masternodes staking returns of up to 18%.
The high-profile clientele includes Vitalcan, Coca-Cola, FCL, Gulftainer, Sobeys, Marsh Insurance, and more.
Morpheus.Network is part of Google Accelerator Canada and Microsoft’s Startup Founders Hub
Polkadot (DOT)
Polkadot (DOT) has carved a niche by focusing on interoperability — the ability of different blockchains to communicate seamlessly. As the blockchain space becomes increasingly fragmented,Polkadot’s utility in connecting disparate networks has contributed to its notable rally of 60%.
The upcoming launch of parachains, individual blockchains running parallel within the Polkadot ecosystem, has generated considerable excitement.
Solana (SOL)
Solana’s unique feature lies in its Proof of History (PoH) consensus algorithm. This innovation drastically enhances the network’s scalability and efficiency, reducing confirmation times and transaction costs.SOL has witnessed a remarkable 90% surge in value during this bull run.
Notably, end users on Solana can delegate their stake to a validator, who will pay them a fee and transfer the benefits to them without requiring them to host a validator node to receive rewards.
The upcoming launch of Metaplex, an NFT platform built on Solana, is expected to boost the ecosystem’s utility further.
ImmutableX
ImmutableX, a layer-2 scaling solution for Ethereum, has been making waves in the crypto mining community. The platform focuses on solving scalability issues while maintaining the security and decentralization features of the Ethereum network.
Its commitment to providing a gas-free, instant, eco-friendly NFT crypto trading experience has resonated well with the community.
The numbers tell a compelling story. The community is excited over its recent 90% surge within two weeks. As NFTs continue to capture the imagination of artists, collectors, and investors, the utility of ImmutableX in facilitating efficient and cost-effective NFT transactions has contributed significantly to its recent rally.
Aleph Zero (AZERO)
Aleph Zero (AZERO) has caught the attention of investment for those who are looking beyond the hype. Aleph Zero (AZERO) enthusiasts engage in lively discussions about the project’s aim to tackle blockchain scalability issues. Speculation about Aleph Zero’s potential partnerships and its commitment to energy-efficient blockchain solutions dominates conversations.
The utility-driven approach of Aleph Zero is reflected in its impressive performance, with a notable 100% surge in its token value in the past month.
One of the key drivers behind Aleph Zero’s recent rally is its upcoming Mainnet launch. The Mainnet release promises to showcase the practical applications of the DAG consensus algorithm, providing a scalable and sustainable infrastructure for decentralized applications (dApps).
InQubeta (BETA)
InQubeta (BETA) has emerged as a standout performer in the recent bull market. Telegram and Discord channels are abuzz with chatter about InQubeta’s potential to revolutionize the DeFi experience by providing innovative solutions for yield farming, decentralized exchanges, and liquidity provision.
The utility of InQubeta is reflected in its impressive numbers. Over the past month, BETA has surged by an astounding 80%, showcasing investors’ growing confidence in its underlying technology.
InQubeta’s upcoming launch centers around its innovative security suite, set to revolutionize how decentralized platforms approach cybersecurity. The suite includes advanced threat detection, smart contract auditing, and decentralized identity solutions.
Way to go
Billionaire investor Warren Buffett said, “Price is what you pay. Value is what you get.” These seven tokens experience enough ups and downs during the bull run. Market speculation does not regulate their success; instead, it is rooted in their tangible utility to the blockchain space. From powering smart contracts and facilitating decentralized finance to enhancing scalability and interoperability, these tokens are at the forefront of a crypto landscape increasingly defined by real-world applications.
As investors continue to seek value beyond the hype, prioritizing utility over speculation will likely shape the future of the cryptocurrency market.