I miss utility coins.

[Hamukione]

As the title says..

I miss coins with an actual purpose.
Where I can go mine some X coins, and use them for an awesome useful service.

If someone was to make something today.. It should be AI related.. Its all the craze..
BUT it should be useful.. Not another chat wrapper, not another PoW coin that claims to do useful work, but doesn't actually offer this useful work as a product/service.

I have been away for a long time, so I am probably very ignorant in terms of projects that are working looking into.

So.. What do you recommend?
Im interested in projects with real products/services that are in demand and provide real value.

/Hamukione

[Kavelj22]

I suggest you stick with old utility coins you used to mine. Actually the great majority of cryptocurrencies have the same utility which is being a trading instrument, nothing more. If you already have mining stuff, go try some of them, plenty of them are discussed in mining communities. But if you are planning to manage a mining farm from scratch, you better choose one of the already existing projects. I see monero still enjoyable for solo mining but you have to deal with exchange platforms since most of them delist privacy coins. Also litecoin is a still a profitable coin. Good luck

[mu_enrico]

I don't think today's meta is different from many years ago; even today, I don't see any useful "utility coins" except those that are used for stablecoin transactions (yes, nowadays stablecoins are the norm), like ETH, BNB, Base, Arbitrum, Polygon, and Avalanche. All of them are just for paying gas for stablecoin transactions.

Nowadays, money is concentrated in ETF coins, like BTC, ETH, and ZEC, so much that eyes are laser-focused on these coins. This and AI hype powered by NVIDIA et al. make the situation worse; hence, the result is a lack of innovation and development of something new in the crypto space.

Perhaps only RWA tokens are something relatively new these days, but I don't have a particular interest in these tokens.

[Localhostspeed]

As the title says..

I miss coins with an actual purpose.
Where I can go mine some X coins, and use them for an awesome useful service.

I don't think you can have such opportunity again, there are many repeated coins that were mine and are all are dead now, some are just holding up.

If someone was to make something today.. It should be AI related.. Its all the craze..
BUT it should be useful.. Not another chat wrapper, not another PoW coin that claims to do useful work, but doesn't actually offer this useful work as a product/service.

AI is the new trend now because many people see it as a new thing but I don't think there is any trend in the market right now. Different coins get pumped each day that you know no reason why they are pumped. Maybe some market makers are just looking for ways to make liquidity out of other traders, they are not worth holding or any investment.

I have been away for a long time, so I am probably very ignorant in terms of projects that are working looking into.

So.. What do you recommend?
Im interested in projects with real products/services that are in demand and provide real value.

/Hamukione

Some old altcoins are still worth paying attention, I saw Zcash did numbers recently and many people made money from it. You should pay attention to them but be be careful of altcoins. Don't buy into any hype that will fade away later.

[KingsDen]

The industry moves like a wave, at one time, something is trending, at another time, another whole thing is trending.
I have not been so much into altcoins, but I remember those days that coin utility used to be the most important thing to look out for.
Today, utility no longer carry the weight. It first shifted to hype, with the emergence of meme coins.

While other developers where looking for utility, a few built their coin around hype and numerical strength. Who has more influencers wins the game. Now we are in the AI stuff things and so but my joy is that it's not ending here. We are definitely evolving to some other things.

But if we are looking at longevity, we should not disregard utility.

[retreat]

This isn't the era anymore. Most of those tokens with utility are dead, and not many have survived. Even for tokens with strong communities and promising use cases, many have been abandoned by people. I think it's time for those tokens to be replaced by projects that can offer something more relevant and appealing to people. Moreover, people are now more selective in choosing which tokens they want to invest in. When a token no longer generates real value and doesn't have an attractive ecosystem, there's no longer a reason for people to hold it.

[Kavelj22]

The industry moves like a wave, at one time, something is trending, at another time, another whole thing is trending.
I have not been so much into altcoins, but I remember those days that coin utility used to be the most important thing to look out for.

I remember old projects pretending to be utility coins, but they were built shifting to hype. I can't remember real utility coins but those from old days like LTC and XMR. Memecoins are also a newly emerging trend but the wave has been started long before with Dogecoin.

As for solo miners, they always look for safety, and this why utility coins is their best option. Nowadays, it becomes like gambling for them  to chose what to run their devices for.

If I can well remember, Grin is one of the great utility coins. But it is not yet widely popular despite the high level of privacy it provides. I can't tell if it is profitable for miners.

[Findingnemo]

We have enough of them already, probably in the thousands with no demand for it, so there is no point in launching a new coin with the similar purpose. And then how many investors are behind the uses cases? They are all falling for the hype and probably they will invest if they see a project tageed with the term AI rather than doing their own analysis about it to make the long term investment.