Top 5 Crypto Tokens to Watch Now for Strong Growth Potential

Explore These 5 Crypto Tokens Showing Real Momentum and Utility

Crypto is buzzing with fresh possibilities. These five popular tokens PENGU, Spark, BNB, Toncoin, and Strike are gaining traction for robust updates, increasing demand, and expanding real-world applications.

PENGU (Pudgy Penguins)

Pudgy Penguins (PENGU) increased 18.2% in 24 hours, driven primarily by its listing on Gemini, increased chatter regarding an ETF, and more futures trading. The listing on Gemini allowed more ordinary users to purchase PENGU with USD, which fueled retail interest. Trading volume surged by 63%, to $2.75 billion. PENGU even overtook BONK to become the leading Solana-based memecoin by market cap, based on CoinMarketCap. Another significant contributor was the SEC's continued deliberation of an ETF application by Canary Capital. The new ETF would blend 95% PENGU tokens and 5% Pudgy Penguins NFTs, blending memecoins with NFTs in a novel manner. Binance also listed 75x leveraged PENGU futures, attracting more traders and fueling activity further.

Pudgy Penguins brand was founded in an official token called PENGU which has evolved into a crypto cultural phenomenon with enormous community.

Benefits

• Brings Pudgy Penguin to the world of millions of fans with memes and fun.

• Met by immense social influence and real-life brand exposure.

• High token utility pegged to NFTs and increased applications in the real world.

Spark (SPK)

Spark (SPK) rose 72% over 24 hours due to a significant buy by crypto whales, increased DeFi action, and an unmistakable bullish breakout. Whales purchased 3.9 million SPK in the last month, increasing holdings by 60%, while SPK on exchanges fell 37%, indicating a supply squeeze. That limited supply drove prices upward. In addition, Spark's total value locked (TVL) surged to $10.48 billion, ranking it in the top five DeFi projects. A break above $0.050 was accompanied by trading volume three times above normal, affirming strong momentum. 

Spark is an extremely strong DeFi platform that employs smart tactics to transfer funds and make steady yields. 

Benefits

• Gains access to a $6.5B fund to offer profound market liquidity in the crypto market.

• Brings free-of-charge stablecoin earning to the real practical use in DeFi.

• The long term growth is enhanced by unique governance-led lending and saving products.

BNB (BNB Chain)

BNB increased 4.56% over the past 24 hours to hit $793.08, primarily due to large-scale institutional purchase, technical breakout, and funds moving from Bitcoin to altcoins. Nasdaq-listed Web3 company Nano Labs purchased 120,000 BNB for $90 million in over-the-counter transactions on July 22. The firm also announced plans to construct a $1 billion BNB treasury, labeling BNB as a core reserve asset the first public company to do so. This is after their previous $500 million funding round in June, which was also intended for purchasing BNB. 

The core token of the BNB Chain ecosystem, BNB, can be used as a means of payment and has governance features.

Benefits

• A fast and low-cost transaction over its multi-chain ecosystem.

• Stakable, governance and fee-discounting in all Binance tools.

• Supported with institutional interest as a reserve and utility currency.

Toncoin (TON)

The Toncoin (TON) gained 3.2 percent over the previous day to reach $3.33 primarily because Telegram has released its official TON Wallet to U.S. users. The new wallet launch targeting 87 million was made possible because users are enabled to send, stake, and even swap crypto right inside the Telegram app, and that makes the new wallet more convenient to use without relying on third-party software. It also includes split-key recovery with Telegram account and email where it eliminates memorizing complicated seed phrases. It was launched following good change in the U.S. crypto regulation. Based on the developing reports, TON slightly jumped by 10.15 percent to 3.58 per token and more than 46M tokens were exchanged. Another driving factor behind the price is a technical breakout and an increased hype in altcoins. 

It is the native token of The Open Network. It is a fast and infinitely-scalable blockchain to which the original vision of Telegram led. Which supports different  applications, payments, and staking.

Benefits

• Telegram allows millions of its users to harness powers of the in-app crypto tools.

• Transactions within its ecosystem are fast and cheap due to its use of PoS.

• It is supported by TON foundation and the help of the open-source developers.

Strike (STRK)

Strike (STRK) surged by 25.77 per cent over the past 24 hours with substantial shifts in the manner that the project has been managed to date, in addition to potential new exchange listings as well as a good technical breakout. On July 9, Strike had completely transitioned into community-based DAO, allowing token holders. Such a step corresponds to the DeFi vision and garnered attention among governance-oriented investors. The new website control, smart contract audits, and reward voting allowed STRK to have real use immediately after the update and also introduced the new control. Meanwhile Strike team stated they have been negotiating listings with KuCoin and BitGet that potentially add over 20 million of new users. There was also a surge in trading in the STRKfutures by more than 1,100 percent indicating good demand before any potential listing in the exchanges.

Strike is a DeFi service that provides users with an interest-bearing option of either lending or borrowing crypto. 

Benefits

• sTokens bring yield to users that allows them to increase in value over time.

• Collateral is used by borrowers who want to get safe loans on-chain.

• Under the complete control of the community, being supported by reward systems that are real-time.

Whether it's meme coins, DeFi, or some new technology, all of these coins have something to offer. Be careful, do your own research, and see which one aligns with your crypto path.