Looking for the best utility tokens to buy? This type of crypto is hugely popular as an investment. Buying a utility token is the closest thing you can get to investing directly into a crypto success story.
Below we review ten of the most promising examples in this field, as well are consider the best place to invest in utility tokens generally. Best Utility Tokens to Buy in 2022
Much of the crypto out there can be classed as utility tokens. As such, investors are spoilt for choice when it comes to the best utility tokens for 2022:
> Lucky Block (LBLOCK) – Overall best utility token to buy in 2022
ApeCoin (APE) – Hot new NFT token
BNB Coin (BNB) – In-house token for the giant Binance crypto exchange
Axie Infinity (AXS) – Key token in the Play-to-Earn blockchain gaming sector
Curve (CRV) – Utility token for the biggest Ethereum-based DEX
Decentraland (MANA) – In-house crypto for the Decentraland metaverse
Chiliz (CHZ) – Token for buying sports club tokens
Yearn Finance (YFI) – Top DeFi token bringing DeFi to ordinary investors
Enjin (ENJ) – A token used in minting NFTs for metaverses
Graph (GRT) – A key utility token used by DApp developers
Cryptoassets are a highly volatile unregulated investment product. A Closer Look at the Best Utility Tokens to Buy in 2022
With so many options out there, choosing the best utility tokens to invest in can be a challenge. So, to make things easier we’ve picked out the top-ten utility tokens that have strong momentum as we move further into 2022. 1: Lucky Block (LBLOCK)
Lucky Block takes pole position at the top of our utility tokens list. Not only does LBLOCK offer strong investment potential through its business model of a blockchain-based lottery, but it also offers token owners passive income through regular yields.
Offered on the Binance Smart Chain, each LBLOCK utility token gives the owner a regular chance to win a prize with the Lucky Block Lottery. What’s more, LBLOCK owners receive a small dividend from every prize draw. The Lucky Block business model aims to bring the international scope and accountability of the blockchain to the world of lotteries, and is thus expected to outperform lotteries organised physically.
LBLOCK had a hugely-successful pre-sale, with 11,200 BNB (Binance Coin) raised. Currently there are over 50,000 token holders with a LBLOCK market capitalisation of over $90m.
Right now, you can get your hands on LBLOCK early via decentralised exchange PancakeSwap (we show you how below).Watch out for LBLOCK coming to top crypto exchanges soon, as well as the full app coming to Google Play and the App Store. Cryptoassets are a highly volatile unregulated investment product. 2: ApeCoin (APE) Of the emerging breed of NFT utility tokens, Apecoin offers strong investment potential. APE is the governance token for the market-leading Bored Ape Yacht Club NFT ecosystem.Owning APE allows the owner to take part in decision-making about how the APE NFT system is run. But most holders buy APE for its investment potential.NFTs (Non-Fungible Tokens) are digital assets that are traded for profit — and Bored Ape’s collection of 9,999 NFTs has cornered the market, notching up a trading volume of almost $19m in the last week. The average price of a Bored Ape NFT is $394k.ApeCoin stands to benefit from good tokenomics. There is a limited supply of 1 billion APE tokens. Each owner of a Bored Ape NFT was given just over 10,000 APE when this utility token came to market in March 2022.After an initial surge to just under $18, the price of APE has, since the beginning of April, created a shallow ‘teacup bottom’ between $10 and $12; in technical charting, this pattern is considered a positive ‘BUY’ sign. Crypto assets are a highly volatile unregulated investment product. 3: Binance Coin (BNB) Binance Coin (BNB) is the utility token for Binance, the largest crypto exchange in the world. Owners of Binance Coin can get a 25% trading discount when trading on Binance’s crypto market, as well as discounts on crypto staking .With 80m users and 600+ crypto on sale, Binance compares well against top broker eToro as a great place to track down the most undervalued crypto . Having some BNB makes trading on the exchange smoother. But many investors simply buy BNB as an investment. In fact, Binance Coin has over a million followers with eToro.BNB Coin is based on the Binance Smart Chain (BSC) blockchain. This offers far cheaper gas fees than the […]
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