Utility Tokens Take Center Stage: Ethena & Web3Bay Become Top Picks for Crypto Whales in Q4

As cryptocurrency becomes more widely accepted—with 85% of major retailers now on board—the financial landscape is shifting. The recent election victory by

Cryptocurrency is gaining wider acceptance, with 85% of major retailers now on board. This shift in the financial landscape is likely to be further boosted by Trump's recent election victory, with prominent investors moving away from meme coins such as GOAT and accumulating utility-focused tokens instead.

One token that is making waves is 3BAY, the native token of the decentralized e-commerce platform Web3Bay. This platform is putting users back in control of their data and transactions through blockchain technology. The 3BAY token not only facilitates transactions on the platform but also confers governance rights, allowing users to help steer Web3Bay's future.

In a move that is sure to bridge the gap between traditional (Web2) and blockchain-based (Web3) commerce, Web3Bay will support both cryptocurrency and conventional payment methods such as PayPal. This will broaden the platform's appeal and make it accessible to a wider audience.

During the presale, tokens are available for as low as $0.003, presenting early backers with the potential for a 6000% ROI as the token price escalates through 28 stages.

The AI-driven meme coin Goatseus Maximus (GOAT) has been experiencing significant volatility recently. After reaching a peak of $0.88 following its Binance listing, it has dropped about 32% from that high. This decline, coupled with a 48% fall in trading volume over two days, signals possible upcoming corrections in the crypto market.

Technical indicators, like the Relative Strength Index (RSI), nearing 70 and exiting overbought conditions, suggest an impending reversal, potentially indicating a sell-off. Despite this, GOAT still boasts a market capitalization of around $448 million, with nearly 1 billion coins in circulation.

Amid the market upswing, Ethena (ENA) has demonstrated notable growth, increasing by 6.19% in the last 24 hours and 44.18% over the past week, with its price now at $0.916. This uptick has pushed its market cap to roughly $1.47 billion, supported by 2.8 billion circulating ENA tokens.

This recent surge is partly due to Ethena Labs announcing a new stablecoin project, UStb (USTB), in collaboration with BlackRock and Securitize. This project aims to launch a stablecoin backed by a tokenized BlackRock fund, enhancing the project’s appeal and credibility. Technical analysis suggests ENA is poised for a potential rebound, trading within a descending parallel channel that may indicate a break from previous downward trends.