Best Utility Tokens To Buy In 2022 – Top Utility Tokens Revealed

Last Updated July 25th 2022
17 Min Read

Utility tokens currently are one of the hottest crypto investments. But given their large - and constantly growing numbers - finding the best utility to buy in 2022 can be overwhelming.

In this guide, though, we teach you everything you need to know about utility tokens. We start by introducing you to a list of what we consider the 10 best utility tokens to buy - expertly put together by our analysts after a thorough analysis of the crypto market.

We also tell you how to spot promising utility tokens and where to buy them and even provide you with a step-by-step guide that teaches you how to buy utility tokens on one of the most popular crypto exchanges.

Let us dive right into it.

Top 10 Utility Coins To Buy In 2022

Here is an outline of the 10 best utility tokens to buy in 2022.

  • Binance Coin (BNB) -  Overall Best Utility Token To Buy In 2022
  • Uniswap (UNI) -  Best DEX-Based Utility Token To Buy Today
  • Solana (SOL) -  Most Promising Utility Token To Buy Today
  • Basic Attention Token (BAT) -  Best Utility Token For Long-Term Investing
  • Decentraland (MANA) -  Best Utility Token For An In-Demand Metaverse
  • Chiliz (CHZ) -  Top Entertainment And Sports Focused Utility Token
  • ApeCoin (APE) -  Best New Utility Token To Buy In 2022
  • Polygon (MATIC) -  Best Multi-Chain Utility Token To Buy And HODL
  • Cronos (CRO) -  New Exchange-Based Utility Token With A Promising Future
  • Axie Infinity (AXS) -  Best Utility Token For The Blockchain Gaming Community

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

In the next section, we go over each of these leading utility tokens. We probe what makes them the best utility tokens to buy in 2022 and why you should add them to your crypto portfolio.

A Closer Look At Best Utility Coins To Buy In 2022

Crypto investors are rushing to buy top utility tokens today because they allow them to invest in promising niches. They are also buying utility tokens because most have a promising future and the ability to grow their crypto portfolios exponentially.

For each of the following top utility tokens, we tell you how they performed in the past, their projected future performance, and why they are worth buying.

1. Binance Coin (BNB) - Overall Best Utility Token To Buy In 2022

Binance Coin is the utility token for the largest and most liquid centralized crypto exchange in the world - Binance. It is also the utility token for the rapidly-expanding Binance Smart Chain. Both platforms have a combined user base of more than 30 million individuals who use BNB to pay transaction fees on either platform.

In the 5 years that the utility token has been around, for example, it has jumped from the ICO price of $0.15 to peak at $676 - a 450000%+ value gain. Moving forward, Binance token prices are expected to continue rallying and probably race past $13000 by the turn of the decade.  

These are some reasons why we consider Binance Coin the overall best utility token to buy in 2022. 

Over the next few years, our analysts expect Binance exchange and smart chain to continue expanding - increasing BNB’s use cases. They also expect rising adoption of blockchain technology and a recovering crypto market to catapult the token to new heights - and these confirm why you should consider buying BNB today.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Uniswap (UNI) - Best DEX-Linked Utility Token to Buy Today

Uniswap is the largest and most popular decentralized exchange. It has capitalized on the need for crypto privacy among crypto investors, and this factor is expected to continue pushing individuals towards pseudonymous trading platforms like DEX. And with growing users comes increased demand for UNI tokens which effectively catapults their price to new heights.

This promising future is the primary reason why we feature Uniswap among the best utility tokens to buy in 2022.

We also include it here because of the pace with which it has been growing. Launched in late 2018, Uniswap has already onboarded more than 3 million users who have traded more than $1 Trillion (cumulatively). It has risen up ranks to become a top 5 DeFi project with more than $7 Billion in total value locked. But even more importantly, the multi-chain DEX has been integrated in 300+ crypto apps, programs, and protocols - making it one of the most popular DeFi projects.

We also rank it highly among the best utility tokens to invest in today because of its stellar past price action and promising future. At its peak in 2021, UNI sold for $44 - more than 1100% above its introductory price in late 2020. Moving forward to 2030, analysts are confident that UNI will have grown its investor portfolios by as much as 3500% to reach $250.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Solana (SOL) - Most Promising Utility Token to Buy Today

Solana is the fastest-growing smart contract ecosystem today. It has onboarded multiple emerging crypto technologies that promise to help it dominate the smart contract niche and grow SOL token prices tremendously. And in the two years that Solana has been around, these in-network developments have helped SOL token prices rally by more than 130000%.

Moving forward, integration of further technologies and expansion/popularization of existing ones is expected to grow the Solana network and raise demand for SOL tokens. By 2030, for instance, analysts are confident that SOL token prices will have broken above $5000 - implying that you would be buying it at a 12500% discount today.

Other factors that analysts believe will help drive Solana’s uptrend include a recovering crypto market and sped-up adoption of blockchain and crypto technology. More collaborations between Solana and both on- and off-chain brands are also expected to play a crucial role in driving up SOL token prices.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Basic Attention Token (BAT) - Best Utility Token for Long-Term Investing

Basic Attention Token is the utility token for the Brave browser. It takes a stab at the multi-billion-dollar digital advertising industry and seeks to turn it into a token economy. It hopes to achieve this by changing how internet users interact with ads, the revenue distribution model, and the amount of sensitive user information advertisers can access.

Its popularity has increased in the recent past among privacy-focused internet users and others looking for free crypto as Brave rewards you for viewing ads on the browser. This has seen it attract more than 60 million users whose interactions with BAT tokens have helped catapult their prices to new heights. By the time it peaked at $1.92 in late 2021, BAT token prices were more than 4800% above their ICO price.

This stellar past price action proved growth potential to make BAT top utility tokens to invest in. But we feature it among the best utility tokens to buy today because of its promising future. Over the next few years, analysts expect Brave to continue growing its user base and are also confident a recovering market to thrust BAT token prices above their 2021 highs.

They also foresee the onboarding of more advertisers. All these, plus the rising adoption of crypto technology, are expected to help BAT grow its value by more than 6000% and break above $20.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

5. Decentraland (MANA) - Best Utility Token for a Metaverse

Decentraland is one of the oldest metaverse projects, and we include it among the best utility tokens to buy in 2022 because of its stellar past price action and a massively promising future. It has not only made the cut to the list of 40 most valuable cryptocurrencies but also peaked in early 2021 at $5.90 - more than 24500% above its ICO price.

During this time, many crypto investors and brands like J P Morgan, Coca-Cola, Nike, and Dominos flocked into the Decentraland metaverse. It also integrated a host of emerging technologies - key among them being the play-to-earn games, NFTs, virtual concerts, DeFi, and Web3 apps.

Moving forward, we expect these and more brands that have already purchased virtual lands on Decentraland to start developing them. Decentraland has also promised to add new pay to earn games. And they, alongside the emerging technologies integrated here, are expected to stretch MANA’s demand by pulling in more users to the platform.

By 2030, analysts are confident that all these developments will have helped MANA tokens rally by more than 5000% to reach $50. And this goes to show why Decentraland is a top utility token to invest in today.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. Chiliz (CHZ) - Top Entertainment and Sports Focused Utility Token

CHZ is the utility token for the sports and entertainment-focused Chiliz blockchain. It targets sports clubs with the intent of helping these institutions revolutionize engagements with their fans. It achieves this by letting these clubs create custom tokens on its Socios platform and sell them to fans who acquire rights over some club decisions. We include it among the best utility tokens to buy now because of its solid fundamentals and massively promising future.

Today, Chiliz has already attracted the attention of leading sports clubs worldwide that have already created custom tokens on the Socios platform. These include AS Roma, Barcelona, Juventus, Man City, and even PSG.

The flocking in of these clubs’ fans to Chiliz and Socios platform have helped popularize the platforms. Their launch of custom tokens, on the other hand, helped ignite the demand for CHZ tokens. We might even add that these developments played a crucial role in catapulting CHZ 3000% above its ICO price in early 2021.

By the turn of the decade, a recovering market, the onboarding of more sports clubs, and sped-up adoption of crypto technology are all expected to fuel CHZ’s 4000%+ value gain.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

7. ApeCoin (APE) - Best New Utility Token to Buy in 2022

Launched in March 2022, ApeCoin is the newest crypto asset on our list of best utility tokens to buy today. It is the utility token for the BAYC and MAYC NFT projects as well as the recently launched Otherside metaverse. We feature it among the top utility tokens to buy because it is new, which indicates that much of its potential is yet to be tapped.

For instance, its developers are actively looking to partner with ecommerce stores to accept APE as a medium of exchange. Due to Ethereum’s high gas fees and slow transaction processing speeds, they have also made public to develop a main-net dedicated to the NFTs and the metaverse. Both instances increase the use cases for APE tokens, which is instrumental in igniting its value gain.

We also include it here because it has posted a stellar price action - that includes rallying and setting new price records in the middle of a brutal market contraction. It has also been oversubscribed by celebrities and crypto influencers. This, our analysts believe, will be instrumental in helping hype the project, which helps keep the token price on an uptrend.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

8. Polygon (MATIC) - Best Multi-Chain Utility Token to Buy and HODL

Polygon makes it to our list of best utility tokens to buy now because we believe that it is grossly undervalued. Our analysis indicates that the multi-chain layer-2 scaling solution is massively underutilized, which translates to low demand for MATIC tokens and ultimately poor performance.

Even though it has maintained an overall positive ROI and even rallied by more than 97000% to peak above $2.90 in late 2021, it still is yet to exploit half its potential. It, for instance, is only operating on ETH - though it can deploy on any other EVM-compatible blockchain. Secondly, only a handful of protocols and programs use it to scale their operations despite there being numerous ETH-based projects that require faster transaction speeds and low gas fees.

That said, we have witnessed a growing trend of collaborations between Polygon and on-/off-chain brands, which is a testament to its sustainability. On the other hand, the backing of venture capitalists proves the market’s confidence in future price action.

MATIC tokens are expected to reach $40 by 2030. This says that by buying some today, you would be prepping your investment for possible 4000%+ gains.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

9. Cronos (CRO) - New Exchange-Based Utility Token with a Promising Future

CRO - formerly known as the Crypto.com coin, is the utility token for the Crypto.com exchange and the newly launched Cronos blockchain. We feature it among the best utility tokens to buy in 2022 because it promises to blow up soon and mirror the success of BNB and FTX coins.

Like Binance, Cronos operates a popular crypto exchange and fast-rising blockchain network. Additionally, Crypto.com is currently running aggressive marketing campaigns while the Cronos chain runs to integrate as many emerging crypto technologies as possible. All these are aimed at drawing in more users to the platform and increasing CRO’s use cases, which has the net effect of pushing up CRO prices.

We also include it here because it performed exemplarily well in the past and is expected to sustain this uptrend in the near future. By the time it peaked in late 2021, for instance, CRO was up its introductory price by more than 97000%. Moving forward, we expect the growing use cases, a recovering crypto market, and an expanding Cronos chain ecosystem to help CRO tokens rally - possibly breaking above $8 before 2030.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

10. Axie Infinity (AXS) - Best Utility Token for the Blockchain Gaming Community

AXS is the utility token for the blockchain gaming network Axie Infinity. The network has become increasingly popular in the crypto verse because it combines three emerging crypto technologies, i.e. the metaverse, NFTs, and pay-to-earn games. Its all-popular game, the Axie Infinity game, has drawn in more than 3 million gamers to the network and is expected to attract even more in the future.

These players and NFT traders have created a demand for AXS tokens, which have helped it maintain an overall positive uptrend. They, and the 2021 crypto market rally also helped AXS rally by more than 165000% to hit its current all-time high.

Our analysis indicates that they will continue fueling AXS's uptrend and will most likely push it past $1200 - more than 8000% above current prices before the turn of the decade. And this potential for future value gains is why we feature AXS among the best utility tokens to buy today.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How To Find The Best Utility Coins To Buy In 2022

We have ascertained that many utility tokens have a promising future and are worth buying. How then do we go about the selection of the best utility coins to buy today?

Here are a few factors that you should look for when finding the best utility token to invest in today:  

  • Past price action: Ensure that your preferred token has had a blissful past, that it is resilient, and that it rebounds fast after a price/market crash. 
  • Backing of a sustainable blockchain: Confirm that your preferred coin has the backing of sustainable and useful blockchain technology.
  • Promising future price action: Analyze the token technically and fundamentally and only buy it if it promises to continue growing its value.
  • Community: It is also important that your preferred utility token has a growing community of followers, especially on social media.
  • Current and projected use cases: Only invest in a utility token that is currently usable and whose use cases are expected to continue rising.

Are Utility Tokens A Good Investment?

The general feeling is that most utility tokens are good long-term investments. They have the backing of highly sustainable crypto projects whose relevance and increased use cases will continue fueling token value gains into the foreseeable future.

Looking for more reasons to invest in utility tokens? Here are a few:

  • Positive market sentiments: The market is hugely optimistic about the future of utility tokens. The majority of analysts and investors are confident most of these tokens will continue gaining value into the foreseeable future.
  • Rising blockchain and crypto adoption: Rising adoption of blockchain and crypto technologies is expected to fan the demand for the majority of utility tokens. This has the net effect of raising their prices, which makes them worth buying.
  • Higher potential than most coins: Most utility tokens are in their infancy stage. Their crypto projects are still new and underutilized. Their low demand ensures that they are grossly undervalued. But when they start correcting upward, analysts are confident that some will even outperform some of the most popular altcoins.

Where To Buy Utility Tokens Today

There is no shortage of crypto exchanges where you can buy these utility tokens. But if you are looking for user-friendliness, low fees, a smooth buy process, and security - register with one of the following crypto trading platforms:

  • eToro - Most user-friendly crypto exchange. eToro has a straightforward client onboarding process, operates an intuitive interface, and integrates copy and social trading tools.
  • Coinbase - Best exchange to buy utility tokens instantly. Coinbase is adequately liquid, lists a wide range of utility tokens, and holds 98% of client digital assets in ultra-secure offline vaults.
  • Binance - Best exchange to buy utility tokens at low fees. Binance is deeply liquid, lists the widest range of utility tokens and their trading pairs, and also insures its clients’ digital assets.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How To Buy Best Utility Tokens On eToro For Beginners - Step by Step Guide

Looking to jump straight to buying utility tokens during the current market dip? We recommend using eToro.

Here is a guide that teaches you how to register a crypto trader account and buy utility tokens on the exchange:

Step 1: Register a trader account on eToro

Open the official eToro website on your browser and tap on the “Join Now” icon. Complete the registration form that pops up by entering your basic personal information.

Step 2: Verify your identity

Complete the registration process by verifying your identity. Simply upload a copy of your government-issued identification document like a passport or driver’s license.

Note: eToro will notify you via email once the account is approved and identity verified.

Step 3: Fund the account

Log in to the approved eToro trader account and click on the “Deposit Funds” tab. A funding tab will pop up indicating all the payment options available, depending on your country of residence. Choose one and follow the prompts to complete the cash transfer - noting that the minimum deposit for US and UK residents is $10.

Step 4: Find the best utility token to buy on eToro

On the user dashboard, click on the “Discover” tab, and from the list of supported asset classes, choose “Crypto.” eToro will provide you with a list of supported cryptocurrencies. Identify one or a couple of utility tokens you wish to buy.

Step 5: Buy the token

Click on the “BUY” option against the utility token you wish to invest in. Use the trading tab that pops up here to customize the trade by indicating the number of tokens you wish to buy or the amount of cash you wish to spend on the trade. Then hit the “Open Trade” tab to execute the buy order.

Note: eToro will deliver the private keys for the tokens you just purchased to the exchange-provided custodial wallet. But you are free to move them to the non-custodial eToro wallet app or third-party online/hardware wallet.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion - Best Utility Tokens To Buy In 2022

That is it. There goes everything you need to know about top utility tokens to invest in 2022. Hereinabove, we have discussed our picks for top utility tokens to buy, told you what to look for in a crypto token, introduced you to the best exchanges to buy tokens, and explained whether they are worth buying in the first instance.

Found a utility token that you would like to buy? We recommend buying it on eToro. Simply follow the above guide to buying utility tokens to get started. 

eToro – Best Platform To Buy Utility Tokens

Open an account with eToro, deposit some funds with USD, and finally – buy utility tokens for just $10.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs About Best Utility Tokens To Buy Today

What is Utility Token?

A utility token is a crypto asset that serves a specific role (most facilitating transactions) within a particular crypto ecosystem. For example, MATIC is the utility token for the Polygon ecosystem.

What is the best utility token to buy in 2022?

Our fundamental and technical analysis of the crypto market points to Binance Coin as the best utility token to invest in today, But in this guide, we provide you with nine other equally promising utility tokens worth buying today.

What is the difference between utility and governance tokens?

A utility token is primarily used to facilitate transactions on a crypto network. On the other hand, a governance token gives the platform users the right to vote on key decisions affecting the platform. However, it is not uncommon to come across a token that serves as both the utility and governance token.

Why buy a utility token today?

Utility tokens are worth buying because a majority have the potential to blow up and race to unimaginable heights in a relatively short period. SOL tokens, for instance, rallied 1300X in less than 24 months.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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