According to Miles Deutscher, the current crypto cycle is entering 'utility season,' with utility-focused altcoins poised for growth due to strong catalysts and compelling narratives. In his latest portfolio review, Deutscher highlights eight specific altcoins that demonstrate robust real-world applications, making them attractive for traders seeking high-upside opportunities during this phase. He emphasizes that each selected altcoin benefits from clear demand drivers and ecosystem momentum, which historically correlate with price appreciation during utility-focused market trends (Source: Miles Deutscher via Twitter, June 5, 2025). Traders should monitor these utility altcoins for potential breakout moves as market attention shifts from speculative memecoins to fundamentally driven projects.

According to Cas Abbé, Canary has filed for a spot HBAR ETF with Nasdaq, indicating increased institutional interest in utility altcoins. This development is significant for traders focusing on altcoins like HBAR, as it may lead to enhanced liquidity and investment opportunities in the market.