True Utility Tokens can always prosper, here's 5 reasons why.
Despite the current bear market conditions in the cryptocurrency market, utility tokens have the potential to thrive for several reasons. Increased usage: In a bear market, investors tend to be more cautious and seek out investments that have a practical use case. Utility tokens have a clear and tangible use case, as they allow holders to access specific products and services. This real-world usage drives demand for the token, making it less likely to be affected by market conditions. (Check out Brank.io ) Stronger network effects: Utility tokens often rely on network effects to increase their value. Network effects occur when the value of a product or service increases as more people use it. As the number of users within a particular ecosystem grows, the demand for the utility token also increases, making it more valuable. In a bear market, the focus on practical use cases and the growth of the user base can lead to a strengthening of network effects, providing a strong foundation f...