Bitcoin Hits $50K Milestone: These Utility Tokens Poised to Double in Blockchain Adoption Wave

Bitcoin's ($BTC) trading price exceeds the $50K milestone. The leading cryptocurrency attained a crucial price point after a wait of nearly two years. $BTC made an impressive 18% surge in the last week. The cryptocurrency's efforts to make new highs solidify the notion that the coming bull round is around the corner. Amid the hype, the global cryptocurrency market cap surges over 4% in a day to $1.88 Trillion. 

The continuous surges in the trading price of $BTC show the correction phase for the cryptocurrency market is over. Especially for Bitcoin, analysts believe the pre-halving downside period is over, and the rally phase has overtaken. The growing optimism around crypto brings opportunities for cryptocurrencies to see unprecedented highs. 

Though the broader crypto market is likely to go higher than the previous highs, some crypto tokens are poised to see double the growth in the coming bull run. Blockchain adoption has a significant role to play in the push. The upper cap for such tokens could depend on various factors, but a 100% increase in value should be considered imminent given their past performance and the value they bring to the user.

Avalanche ($AVAX)

The decentralized finance (DeFi) space is awaiting recovery after the crypto winter, and now it is imminent, given the next bull is around the corner. It allows the leading DeFi protocols, such as Avalanche, to prosper and gain more trading volumes. 

Avalanche ($AVAX) is a highly scalable, decentralized platform designed for launching decentralized applications (dApps) and custom blockchain networks. It stands out for its remarkable throughput, low latency, and eco-friendly approach to consensus, making it a popular choice for developers and enterprises. The platform operates through a unique architecture of multiple dynamic blockchains, enabling customizable rulesets for varying applications.

The $AVAX token serves as the native cryptocurrency of the Avalanche ecosystem, underpinning its operational framework. It is used to pay transaction fees, secure the network through staking, and provide a basic account unit across the Avalanche blockchain ecosystem. $AVAX holders can participate in network governance, influencing the development and strategy of the platform. 

Currently, $AVAX is trading at $40.9 following a significant 20% increase in the trading price. The rise in the cryptocurrency is the highest among the top ten crypto assets. The previous high for $AVAX stands at $146, which gives enough room for the token to grow more than double in the coming rally. 

Morpheus. Network ($MNW) 

Morpheus.Network is among few projects revolutionizing the crypto and blockchain space just like Bitcoin did in the financial market. The project focuses on streamlining the supply chain management sector by eliminating inherent issues such as inefficiencies and lack of transparency.

Morpheus.Network ($MNW) is a supply chain SaaS middleware platform. The project is at the forefront of revolutionizing supply chain management, offering innovative solutions that improve the transparency and efficiency of shipments from start to finish. 

By addressing common challenges such as counterfeiting and delays, Morpheus.Network has garnered the support of major institutions and companies. Among its notable clients are Gulftainer, a port operator from the UAE, Canadian supermarket giant Sobeys, global beverage leader Coca-Cola, FCL, and Marsh Insurance. 

The platform has also been recognized by prominent tech accelerators, including Google Accelerator Canada and Microsoft's Startup Founder Hub. It has been chosen by the governments of Brazil, Uganda, and Argentina to enhance agribusiness supply chains in these countries. The team, led by a UN supply chain expert, is dedicated to delivering superior supply chain solutions, as evidenced by Morpheus.Network's product being featured on SAP.

The masternode program strengthens the blockchain's security and scalability at Morpheus.Network. Participants can operate a masternode by staking 1800 $MNW tokens and contributing to the network's robustness. In return, they can earn up to 18% annual percentage yield (APY) in rewards. The competitive return on investment highlights the project's appeal not just for its technological advancements but also for its financial incentives.

Amid the hype of Bitcoin rally in the recent days, theMoprhues.Network native token $MNW saw notable surge. The token soared up to 14% in the last week and is currently trading at $1.19. $MNW token showed resilience during the harsh crypto winter of 2022 and maintained a consolidation for a long period of time. The all time high (ATH) for the token is over $14 which gives $MNW over 10X potential even if it attains the previous high.

Near ($NEAR)

The decentralized applications (dApps) saw a tremendous increase with the development of DeFi. Among other prominent players, Near Protocol emerged as a potential contender with unique offerings. The project garnered popularity due the features and the native $NEAR token will have the advantage in the coming bull market. 

NEAR Protocol ($NEAR) is a decentralized development platform designed for building and deploying dApps with the aim of fostering user-friendly experiences. It employs a unique sharding technology, Nightshade, to achieve scalability and fast transaction speeds, making it an attractive ecosystem for developers aiming to create scalable, efficient, and accessible applications.

The $NEAR token, the native cryptocurrency of the NEAR Protocol, serves multiple key functions within its ecosystem. Primarily, it is used for transaction fees and storage payments, ensuring the network remains operational and secure., $NEAR facilitates staking for network validators, playing a crucial role in maintaining the integrity and security of the blockchain.

$NEAR token trading price stands at $3.3 following an impressive surge of 22% in the last week. Community sees the token to attain $5 in the near future. Since the ATH for $NEAR is at $20, the token is prompt for more than 10 times increase in value in the wake of the next bull run.