Which Crypto Should You Buy? The Ones That Do Something.

Cryptocurrency has come a long way since the early days. In the beginning, Bitcoin was little more than a weird experiment for reclusive basement dwellers and tech wizards. Who knew just what it would become? Over the years, the community has gone through its fair share of growing pains too. The bubbles, the scams, the technological dead ends. Not to mention the endless hype cycles. 

But now, one thing has become abundantly clear: the age of utility is here.

Just a few years ago, almost any random crypto project could ride to fame on nothing but a white paper and a ‘trust me bro’. Today, for a project to be worth investing in, it needs to deliver real-world value. And not someday in the future either, but right now. The age you are currently in, demands real world, tangible benefits from a project. So, if you’re wondering to yourself, which are worth buying?, the answer lies in their utility. 

In the early days, crypto was largely a speculative game. People bought Bitcoin because it was new and fun, then ETH because it was programmable, then Doge because, people thought it was hilarious. The market was driven by hype, FOMO, and the occasional Elon tweet. But as the industry has matured, so too have the expectations of investors. So, yours should too! 

You might remember the 2017 bull run, not just because a lot of people made big money, but because it was a massive wake-up call too. Thousands of projects raised millions of dollars through ICOs (Initial Coin Offerings), only to disappear or fail to deliver on their promises. Fast forward to today, and the crypto space doesn’t tolerate blind speculation. Instead, people want to invest in projects that are actually doing something. What a concept. 

Now, governments, institutions, and even traditional finance giants like Visa and PayPal are embracing blockchain technology, so naturally the bar for success has been raised. For any of these major investors, there are certain prerequisites that need to be met. And utility? That’s number one. Cryptocurrencies that fail to provide real-world value are already being left behind, by the smart money at least. There’s still plenty of people throwing their money away on projects that have no plans for the future. But you aren’t that kind of investor. 

In this context, when we say utility, we’re talking about a project’s ability to solve an actual, real-world problem. This could mean anything from enabling faster and cheaper cross-border payments to creating decentralized marketplaces for digital art, anything! Like any product or technology, if it’s solving a problem for enough people, it has a shot at success. And there are a bunch of projects that have been doing stuff for years already, hence why they’ve been around as long as they have.

Ethereum has been a leader in the utility space for years. The entire NFT boom happened because of Ethereum’s smart contracts, which allowed developers to build cool stuff on the chain. 

Or there is Chainlink (LINK), which provides decentralized oracles that connect smart contracts with real-world data. And if that was confusing to read, don’t be embarrassed, just know that incredibly important. Without Chainlink, many of the decentralized finance (DeFi) applications we use today wouldn’t be able to function. Chainlink, like ETH, has a very clear utility: it enables smart contracts to interact with the outside world, making them more powerful and versatile. We could go on and on, talking about MATIC, FIL or XRP. They’re all solving a real-world issue, today.

To get a better idea of where we’re at, and what’s coming next, we just need to look at our history. People often compare the crypto boom to the early 2000s ‘.com’ era, because there are a lot of similarities. But if you don’t remember, or you weren’t there for it, in the early 2000s, everyone started making online companies, buying domain names and launching exciting new things on the internet. A lot of companies got some big investments, and then folded shortly after. Because what they were promising to do and what they could actually do turned out to be very different things. From that era, barely any companies are left. We’ve got Google, Amazon and eBay. About 95% of them all died out, and pretty quick too. We are in that exact same stage in crypto, right now. We have F’d around for long enough, and now we’re definitively in the ‘find out’ stage.

So if you’re asking yourself, ‘what crypto should I buy?’ Find out what it’s doing, today.

This isn’t to say that utility is the only factor to consider when investing in cryptocurrency. Market conditions, team credibility, adoption rates, all of these things play a big role too. But in a mature market like the one we’re in today, utility is a non-negotiable. It’s the difference between a project that’s built to last and one that’s destined to fade into obscurity.