13 Next Crypto to Explode in 2024 – Next Big Cryptocurrency

The cryptocurrency markets are often about timing; buy the right coin at the right time and significant gains can be made. A good example of this is Pepe – which increased by over 7,000% within three weeks of launching.

In this guide, we explore 13 coins that could be the next crypto to explode in 2024. Read on to find the next 100x cryptocurrency.

  • Pepe Unchained - the first meme crypto project running on its own Layer 2 blockchain with presale raising $210k within days.
  • Offers early investors double the staking rewards currently over 22,000% APY.
  • $PEPU's Layer 2 blockchain means reduced operational costs, faster speeds, and lower fees.
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • BNB
    BNB
  • +1 more
  • Enter the Meme Games everyone's favorite meme characters such as Doge, Pepe, Brett, Turbo, and Dogwifhat
  • Earn a 25% token bonus by entering the 169 meter dash when you purchase tokens in the presale
  • Keep increasing your chances of winning big with multiple entries
Project Launched
July 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • WienerAI is a unique meme token merging the appeal of crypto memes with AI
  • $WAI is an ERC20 token built on the Ethereum blockchain offering stakers rewards in excess of 100% p/a
  • With a total supply of 69Bn tokens 30% has been allocated to the presale, which has already raised $7 million
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Matic
    Matic
  • +1 more
  • PlayDoge brings real-life utility to the Doge meme scene with mobile-based P2E Tamagotchi-style game
  • $PLAY hodlers can stake their tokens to earn passive rewards and earn XP and bonuses whilst caring for their virtual pet
  • PlayDoge presale already raised over $200k within hours of launching
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • USDT
    USDT
  • Debit
    Debit
  • Viral community-driven meme coin project offering poker tournaments and treasure hunts with a crypto twist
  • Generous referral program dubbed 'Posse Rewards' for referrer and new members to earn bonus $SHIBASHOOT tokens
  • Buy and stake $SHIBASHOOT tokens for passive rewards at a rate of 125.5 per ETH block, disbursed over 2 years
Project Launched
April 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • +1 more
  • Latest Base chain meme coin on a high-octane journey offering multi-chain interoperability and purchases.
  • Unique share-to-earn mechanics allowing users to earn $DAWGZ tokens when relevant content is shared on social media.
  • Right time, right place. $DAWGZ comes just in time as Base meme coins hit a market cap of $1.78 billion.
Project Launched
June 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • SOL
    SOL
  • AVAX
    AVAX
  • BASE
    BASE
  • +2 more
  • Trending new GameFi Solana token $DICE raises over $600k since launch
  • Offers $2,250,000 airdrop for casino players, as well as a 25% rev-share referral program
  • Buy and stake $DICE tokens to earn daily rewards
Project Launched
April 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • SOL
    SOL
  • First of a kind Learn-to-Earn crypto project that raised over $1 million within days of launching
  • As a PoS token participants can buy and stake $99BTC tokens for passive rewards
  • Token holders gain access to exclusive features including advanced courses and webinars
Project Launched
April 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Debit
    Debit
  • USDT
    USDT
  • +1 more
  • Hot Meme Coin Project With Play to Earn Utility and Staking
  • Price has Pumped 10x in Last Month, Rumored to be Listing on Binance
  • Over 12k Holders and Growing
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • With DOGE's decade as meme-leader, DOGE2014 emerges to celebrate its longevity.
  • Buy and stake DOGE2014 tokens for huge rewards distributed over 2 years.
  • DOGE2014 tokens can be easily transferred to most EVM wallets within minutes.
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • Tether
    Tether
  • Debit
    Debit
  • World's first crypto payment protocol that integrates efficiently with card machines, making crypto payments widely accessible.
  • Through a user-friendly payment APK, SpacePay lets customers buy with crypto while allowing merchants to receive funds in their local fiat.
  • SpacePay's native governance token, SPY, gives holders access to airdrops, exclusive features, as well as voting rights and quarterly connect webinars.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • AVAX
    AVAX
  • BASE
    BASE
  • BNB
    BNB
  • Debit
    Debit
  • USDC
    USDC
  • Matic
    Matic
  • +5 more
  • Upcoming $1 million giveaway for presale participants
  • Earn up to 15% when you take part in the presale
  • Gain access to premium features like advanced analytics
Project Launched
April 2024
Purchase Methods
  • Bitcoin
    Bitcoin
  • BNB
    BNB
  • DAI
    DAI
  • Debit
    Debit
  • ETH
    ETH
  • SOL
    SOL
  • USDC
    USDC
  • USDT
    USDT
  • +5 more
  • State-of-the-art crypto project allowing users to predict F1 racing outcomes to earn rewards.
  • Early presale investors can stake-to-earn tokens with dynamic rewards currently over 6,800% p/a.
  • 40% of total supply (2.5Bn) is allocated to the presale, with over $140k raised already.
Project Launched
June 2024
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +1 more

The Most Likely Crypto to Explode Next

According to analysts, one of the 13 coins listed below could be the next cryptocurrency to explode:

  1. Pepe Unchained (PEPU) – Ethereum layer-two meme token is the next coin to explode.
  2. The Meme Games (MGMES) – Meme coin offers presale bonuses through Olympics-themed races.
  3. WienerAI (WAI) – Hot new dog-themed meme coin with 150% staking APY.
  4. PlayDoge (PLAY) – P2E meme coin drawing inspiration from Doge and 90s Tamagotchi game. Over $5.7M raised.
  5. Shiba Shootout (SHIBASHOOT) – Community driven meme coin. $660k raised since launch.
  6. Base Dawgz (DAWGZ) – Chain jumping meme coin with social sharing rewards. $2.4 million raised.
  7. Mega Dice (DICE) – Popular crypto casino offers generous rewards to DICE token holders.
  8. 99Bitcoins (99BTC) – Learn-to-earn project offers generous staking rewards of over 700%.
  9. DTX Token (DTX) – Crypto exchange native token with premium benefits for holders and $1M airdrop.
  10. Doge2014 (DOGE2014) – Meme coin created to celebrate the 10-year anniversary of Dogecoin.
  11. SpacePay (SPY) – Decentralized crypto payment protocol, $200K raised in a few days.
  12. Race to a Billion ($BDJ) – A transparent F1 betting platform with high staking rewards.
  13. Hypeloot (HPLT) – New crypto casino offers staking yields and NFTs. $670K raised on presale.

Analysis of the Most Likely Next Cryptos to Explode

We have thoroughly tested numerous cryptocurrencies poised for significant growth in the near future. Here, we provide a detailed analysis of each selected cryptocurrency.

1. Pepe Unchained – Pepe-Themed Meme Coin Built on the Ethereum L2 Blockchain

Pepe Unchained ($PEPU) is a meme coin built on Ethereum’s layer-two (L2) blockchain, offering high staking rewards, reduced gas fees, and fast transaction speeds. Since its recent presale launch, $PEPU has raised over $4 million, quickly gaining popularity by combining the appeal of the Pepe meme with the benefits of L2 technology.

Pepe Unchained presale widget

This setup reduces operational costs and enhances staking rewards, with current yields exceeding 464% annually. Fast transaction speeds further boost token demand, positioning Pepe Unchained for significant growth upon listing on crypto exchanges.

For more details, read the Pepe Unchained whitepaper and join the Telegram channel.

Hard Cap N/A
Total Tokens 8 billion
Tokens available in presale 1.6 Billion
Blockchain Ethereum
Minimum Purchase None
Purchase with ETH, USDT, BNB, Card

2. The Meme Games – Meme Coin Offers Gamified Presale Bonuses Through Olympics-Style Races

The next coin showing the potential to explode is The Meme Games ($MGMES), an innovative meme project that hosts races of your favorite meme avatars. The only way to enter the race is by purchasing $MGMES tokens on presale.

Should your chosen meme avatar win this randomized 169m race, you receive a 25% presale bonus. The Meme Games offers unlimited race entries every time an investor buys tokens through the presale.

The Meme Games presale widget

This project is off to a great presale launch – raising $140K within two days. The $MGMES token is set to conduct its DEX exchange listing on September, 10th, 2024. Post the listing, the token price could explode due to the high staking rewards.

At the time of writing, $MGMES can be staked to generate an annual yield of more than 2,400%. In the long term, 20% of the $MGMES 2.024 billion token supply will be allocated through game winnings and staking rewards.

These use cases could allow The Meme Games to become the next coin to explode in 2024. To learn more, read the Meme Games whitepaper and join the Telegram channel.

Hard Cap N/A
Total Tokens 2,024,000,000
Tokens available in presale 714,472,000
Blockchain Ethereum
Token type ERC-20
Minimum Purchase
Purchase with ETH, USDT, BNB, Card

3. WienerAI – New Dog-Themed Meme Coin With Impressive Staking Rewards

WienerAI ($WAI) is an innovative new meme token that looks set to become a hit in 2024. Gunning for the ‘top dog’ position among his many peers, WienerAI offers huge staking rewards for anyone who buys the token at the presale stage. The presale has entered its final stage, meaning those who want to take advantage of the current discount price should seize the chance before the token hits exchanges.

WienerAI is a meme coin with added utility, featuring an advanced trading bot that uses AI to interpret user questions and find the best investment options and prices across DEXs. $WAI token holders can stake their investments for extremely high rewards immediately.

Buying $WAI is easy. Visit the official presale website, connect your wallet, and purchase with BNB, ETH, MATIC, or USDT. Given the current popularity of dog-inspired meme coins and AI, an early investment in WienerAI could be highly lucrative. The total supply is 69 billion tokens, with 20% reserved for staking rewards.

For more information, check out the official WienerAI website. For all the latest news on the project, be sure to follow WienerAI on X and join the Telegram group.

Token symbol WAI
Presale supply 69,000,000,000 WAI
Token type ERC-20
Payment methods ETH, USDT, BNB, MATIC, Card

4. PlayDoge – P2E Game With Over $5.7M Raised in Presale

PlayDoge is an innovative project that transforms the Doge meme into a play-to-earn (P2E) mobile game where users care for an 8-bit Shiba Inu, similar to a Tamagotchi. Capitalizing on the dog meme mania, which has seen dog meme coins reach a total market cap of over $48 billion, PlayDoge caters to the continued strong demand for these tokens.

PlayDoge presale widget

Already in its presale, PlayDoge has raised more than $5.7 million in a few months. Currently, $PLAY is priced at $0.002 per token.

Overall, the total supply of PlayDoge tokens is 9.4 billion, of which 50% has been allocated to the aforementioned presale. PlayDoge also offers impressive staking rewards, with an APY of over 85% when staking on the ETH chain and an APY of over 72% when staking on BNB.

For updates and community engagement, follow PlayDoge on X(Twitter)  and join its Telegram channel. This unique fusion of nostalgia-fuelled gaming and viral meme culture makes PlayDoge a top candidate for explosive growth in the cryptocurrency market.

Hard Cap N/A
Total Tokens 9,400,000,000
Tokens available in presale 4,700,000,000
Blockchain (BNB) Binance Smart Chain
Token type BEP-20
Minimum Purchase None
Purchase with BNB, ETH, USDT

5. Shiba Shootout – Community Driven Meme Token Looking To Go Viral

Shiba Shootout is the latest cryptocurrency expected to go parabolic. Centered on the exploits of Marshall Shiba and his loyal crew of Shiba Sharpshooters, Shiba Shootout offers early investors the chance for life-changing returns.

The mission is simple. Generate massive marketing hype, go viral, and get listed on Coinbase, Coinmarketcap and Coingecko. With over $660,000 raised in just a few months, the coin is well on its way.

ShibaShootout presale widget

Shiba Shootout is a community-driven meme coin with various revenue-generating utilities. Investors can earn rewards for referrals, storytelling, and meme competitions. $SHIBASHOOTER holders can join lotteries, vote on governance proposals, and stake tokens for passive income. With a total supply of 2.2 billion tokens, 35% (770 million) are reserved for the presale, which is selling out quickly.

To buy the token all you have to do is visit the official presale website and connect your wallet. Choose the amount you want to buy and click ok. You can pay with BNB, ETH, USDT or card.

To keep up to date with all the latest news and project updates, you can follow the project on X. For more information about Shiba Shootout, head over to the official website and read the whitepaper.

Token symbol SHIBASHOOT
Presale supply 2,200,000,000
Token type ERC-20
Payment methods ETH, USDT, BNB, Card
Listing price $0.0187

6. Base Dawgz ($DAWGZ) – Chain Jumping Meme Coin With Social Sharing Rewards. $2.5 Million Raised

Base Dawgz ($DAWGZ) take the next spot on our list of cryptos to explode due to its combination of meme coin fun and chain-hopping capabilities. Using Wormhole and Bridge technology, the token’s mascot is able to “base-jump” between five different networks. $DAWGZ is available on Base, Ethereum, BNB, Avalanche, and Solana.

The mascot is a lovable Shiba Inu, allowing the token to capitalize on the Doge craze. Doge meme coins have a total market cap of $32.4 billion at the time of writing. Several of the top ten are newly launched meme coins, showing the potential for a newcomer to make it big in what may seem like a saturated market.

Base Dawgz presale widget

Base Dawgz emphasizes community engagement with an airdrop campaign. Users can connect their X account, share memes, and earn points redeemable for $DAWGZ tokens after the presale. Additionally, joining the referral program by connecting your wallet allows you to earn 10% of your referred friends’ purchases.

To buy $DAWGZ, visit the presale website, select your blockchain, connect your wallet, and complete the purchase. Base Dawgz also plans to introduce a staking option for additional rewards.

Presale started June 2024
Purchase methods SOL, ETH, BNB, AVAX, BASE
Chain Solana, Ethereum, BNB, Avalanche, Base
Soft cap $8 Million
Min investment None
Max investment None

7. Mega Dice – Popular Crypto Casino Offers Profit Sharing Opportunities With Token Holders

Mega Dice ($DICE) is a popular crypto casino with over $50 million in monthly wager volume and more than 10,000 active monthly users who play some of the best gambling games. By playing the games, you’re eligible for a portion of the $2.2 million airdrop.

The casino has recently launched its own token, $DICE, in a presale. The idea is to reward token holders who stake $DICE with profit share from the casino, but also to reward active players. Once the presale ends and $DICE launches on exchanges, this could be the next crypto to explode.

Mega Dice Token ($DICE) Cryptocurrency to explode

Another way to earn rewards is to refer investors to the token presale. That way you get 10% of the invested amount without any caps. Also, investors in the token presale who hold $DICE are eligible to earn unique NFTs that offer additional rewards and exclusive benefits.

To participate in the token presale, connect your Solana or Ethereum wallet and use SOL, ETH or BNB to complete the purchase. Claim your tokens once the presale ends.

Check out the Mega Dice whitepaper for more information. Also, follow Mega Dice on X and join the Mega Dice Telegram channel to stay up to date with the token presale.

Presale started April 2024
Purchase methods SOL, ETH, BNB
Chain Solana, Ethereum
Hard cap $10 Million
Min investment None
Max investment None

8. 99Bitcoins – Learn-to-Earn Platform Offers Generous Staking Rewards of Over 700%

99Bitcoins ($99BTC) is a veteran crypto learning platform with over 2 million users. To enhance crypto education, the team is launching a token that rewards active participants through quizzes and gamified learning modules. During the presale, tokens can be purchased with ETH, USDT, BNB, or a card, and staked for a generous APY of over 700%. Note that staking rewards are not available for purchases made with BNB.

99Bitcoins Token ($99BTC) Crypto to explode

To reward early supporters, 99Bitcoins will airdrop $99,999 worth of $99BTC tokens to 99 lucky individuals. Simply follow 99Bitcoins on X and join the 99Bitcoins Telegram channel to participate in the airdrop.

Later this year, the team will move the token from Ethereum to Bitcoin’s blockchain using the experimental BRC-20 token standard, which was made popular by Bitcoin Ordinals. The team also plans to launch its token on a decentralized exchange once the presale ends, and also build a crypto trading signals service.

Presale started April 2024
Purchase methods ETH, USDT, BNB, Card
Chain Ethereum
Hard cap N/A
Min investment None
Max investment None

9. DTX Token – Crypto Exchange Launches Token With Holder Benefits and Airdrop Rewards

The DTX Token ($DTX) could explode in 2024 after the presale ends because this is the native token of the DTX exchange that gives holders benefits and rewards. Users who trade on the DTX exchange can pay with $DTX tokens, or they can vote in the exchange’s governance by staking the token.

dtx token widget

Available in a presale, investors can buy the token for $0.04. In the next presale stage, the token will cost $0.06, which is a 50% increase. If you invest at least $100, you are automatically enrolled in the $1 million airdrop where 10 lucky winners will get $100,000.

Those who invest between $250 and $1,999 will get a 5% token bonus on top of their purchase. Increase your chances for winning the airdrop by following DTX on X and joining the DTX Telegram channel.

DTX is a crypto exchange that offers up to 1,000x leverage on over 120,000 tokenized assets including crypto, stocks, forex, bonds, and commodities.

Hard Cap N/A
Total Tokens 475 Million
Tokens available in presale 237.5 Million
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with ETH, BNB, USDT, BTC, and more

10. Doge2014 – Meme Token Celebrates the 10-Year Anniversary of Dogecoin

The next token with high potential is Doge2014 ($DOGE2014), an ERC-20 token celebrating Dogecoin’s 10th anniversary. Priced at $0.00027 during presale, mirroring Dogecoin’s original valuation, Doge2014 aims to replicate its predecessor’s success. Besides the nostalgic pricing, $DOGE2014 offers additional benefits to long-term holders.

Doge2014 next big crypto to explode

For instance, $DOGE2014 can be staked to earn a high APY. At the time of writing, the $DOGE2014 staking APY is more than 13,000%. From a total supply of 100 billion, 100 million tokens are staked on Doge2014.

In the long term, 25% of the total supply will be distributed as staking rewards. Thus, the high staking rewards could make Doge2014 the next token to explode. In just a few days, Doge2014 has raised $100K on presale.

Read the Doge2014 whitepaper and join the Telegram channel to learn more about this project.

Hard Cap N/A
Total Tokens 100 Billion
Tokens available in presale 60 Billion
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with ETH, BNB, USDT, Card

11. SpacePay – Decentralized Crypto Payment Protocol Offers Monthly Airdrops and a Revenue-Share Model

The next coin which can explode in 2024 is SpacePay ($SPY). This is a decentralized payment protocol that allows customers to make crypto payments at retail locations.

SpacePay revolutionizes POS (Point-of-Sale) payments by introducing its terminal-agnostic crypto payment protocol. This is compatible with over 325 crypto wallets, and will allow millions of customers to conduct transactions with their digital assets.

SpacePay big cryptocurrency to explode

$SPY, an ERC-20 token, has been created to drive growth and incentivize user engagement. Every month, SpacePay will airdrop $SPY tokens to the most active platform users. SpacePay will also offer a portion of its revenue to token holders to promote platform adoption.

Token holders get voting rights on SpacePay and access to webinars with the management team. This coin is already off to a strong start through its presale campaign – raising more than $250K in a few days.

Once $SPY lists on exchanges, it can explode due to the multiple use cases and reward-earning opportunities. Learn more by reading the SpacePay whitepaper and joining the Telegram channel.

Token symbol SPY
Presale supply 6,800,000,000
Token type ERC-20
Payment methods ETH, USDT, USDC, Card

12. Race to a Billion ($BDJ) – A Transparent F1 Betting Platform with High Staking Rewards

Race to a Billion ($BDJ) is another crypto that could explode next. The project aims to transform the Formula 1 spectator experience by combining new-age technology with the excitement of racing. The sports betting sector is expected to expand at a 7% CAGR by 2020 and reach $65.68 billion. The platform provides F1 prediction markets so fans can compete internationally and predict race results.

The platform’s recently launched ICO allows early buyers to buy its native $BDJ tokens for only $0.0076 each. At the time of writing, you can also earn a high staking APY of over 6,000%.

Race to a Billion ($BDJ) next crypto to explode

$BDJ tokens have a supply cap of 2.5 billion tokens. The presale offers 40% of these tokens at a discounted rate. The remaining tokens are set aside to reward the community and for the platform’s long-term expansion.

Key features include prediction markets, end-of-season jackpots, and $BDJ rewards for its users. The project’s roadmap includes phases for ICO launch, token generation, platform launch, first jackpot event, and expansion into other sports markets.

Interested buyers can follow Race to a Billion’s X (formerly Twitter) handle and enter its Telegram group for the latest updates.

Token symbol BDJ
Presale supply 2.5 billion
Token type ERC-20
Payment methods ETH, USDT, BNB, Card

13. Hypeloot – Crypto Casino Offers Staking and NFT Rewards, Over $1.9M Raised on Presale

Hypeloot, launched in 2022, is a cryptocurrency casino that utilizes its native token, $HPLT, for various use cases. Since its inception, it has attracted nearly 200,000 users and processed over 95 million bets. On Hypeloot, users can win luxury goods and tech products by opening mystery boxes and engage in provably fair games like Crazy Wheel and Plinko. $HPLT token holders receive free gaming credits across the casino ecosystem.

Hypeloot (HPLT) next big cryptocurrency

With $HPLT, token holders can earn passive income through staking. Hypeloot uses part of its casino revenues to buy back $HPLT tokens via a smart contract, with 50% offered to investors in the staking pool and the other 50% burnt to reduce supply. As staking rewards increase and supply decreases, the token price could rise significantly.

To attract more investors, Hypeloot will release its Hypes NFT collection, with presale investors having a higher chance of winning NFTs.

Stay updated with this crypto casino by going through the Hypeloot whitepaper and joining the Telegram channel.

Hard Cap N/A
Total Tokens 100 million
Tokens available in presale 40 million
Blockchain Ethereum
Minimum Purchase None
Purchase with ETH, USDT, USDC, BNB

What Causes a Cryptocurrency to Explode in Price?

There are many factors that can cause a cryptocurrency to explode. Oftentimes, this is achieved in a short period of time. As we mentioned earlier, it took just three weeks for Pepe to increase by 7,000%. That’s returns of $7,000 for every $100 invested.

Understanding the underlying factors can help you find the next cryptocurrency to explode.

Positive News and Developments

The fundamentals of a cryptocurrency can have a hugely positive impact on its value. In other words, if a positive news story breaks about a particular project, it can motivate investors to buy the respective cryptocurrency.

  • Ripple is a good example of this.
  • Ripple had been in a legal battle with the SEC for over three years.
  • The SEC claimed that Ripple has sold unregistered securities to investors via XRP tokens.
  • In July 2023, the courts ruled in favor of Ripple.
  • The result? Ripple went on to generate gains of 70% within 24 hours of the news being announced.

This shows that investors should keep abreast of key news developments when searching for the next cryptocurrency to explode. It’s worth checking the news at least once a day to assess key market updates.

If the news is reported by a mainstream publisher, such as Bloomberg or the Wall Street Journal, even better. After all, this will ensure that the positive news is broadcast to a wide audience, rather than just the cryptocurrency community itself.

Adoption by a Major Company

Cryptocurrencies are still an emerging asset class. So when a cryptocurrency is adopted by a major company, this is big news for the industry as a whole.

  • For example, in February 2021, Tesla announced that it would be investing $1.5 billion in Bitcoin.
  • As one of the largest companies globally, this naturally caught the attention of the broader markets.
  • In fact, prior to the news, Bitcoin was priced at $39,000.
  • Within a couple of days, Bitcoin had increased to over $48,000. This represents growth of over 28%.

While not overly significant in cryptocurrency terms, the news also resulted in altcoins increasing.

Hype and FOMO

Outside of the fundamentals, hype and FOMO (fear of missing out) play a major role in the cryptocurrency markets. These metrics alone can result in a cryptocurrency exploding by 100x or more. Hype is created in many ways, but often through social media channels. For example, Tweets, Reddit posts, and Telegram groups.

Either way, the more people that know about a cryptocurrency, the better chance it has of exploding. And, as more people see that the cryptocurrency is increasing in value, this encourages new investors to enter the market. This speculative approach to cryptocurrencies can yield unprecedented gains. But it can also result in substantial losses.

shiba inu price

Nonetheless, Shiba Inu is a good example of how hype can create FOMO, and subsequently huge profits for investors.

According to CoinMarketCap, Shiba Inu was initially priced at just $0.000000001009. After its launch in March 2021, Shiba Inu attracted significant interest in the cryptocurrency community.

Just eight months later, Shiba Inu hit highs of $0.00008845. This translates to growth of over 8.7 million percent.

Crucially, Shiba Inu had no identifiable use cases at the time – other than being a ‘Dogecoin Killer’. While irrational, it shows the power that hype and FOMO can have on the value of cryptocurrencies.

Technological Advancements

Cryptocurrencies can also explode when they make fundamental improvements to their underlying technology. For example, in the build-up to Ethereum’s ‘Merge’ upgrade, the cryptocurrency went on a prolonged bull run.

Conversely, cryptocurrencies can tank in value if their technology witnesses issues, such as a smart contract hack.

Broader Market Sentiment

Cryptocurrencies, like many trading markets, go through cycles. During a bull cycle, there is a lot of positive sentiment surrounding the cryptocurrency industry. For example, throughout most of 2020 and 2021, most cryptocurrencies went on an extended bull run. This meant that a majority of cryptocurrencies experienced sizable gains.

During bull cycles, significant amounts of capital inflows are put into cryptocurrencies. This means that even projects without any use cases or utility can yield huge growth.

That being said, bear markets also offer plenty of investment opportunities. As mentioned, Pepe grew by over 7,000% after launching in April 2023. However, the process of finding the next big cryptocurrency during a bear market is more challenging. As such, you’ll need to put in a lot of groundwork to find a hidden gem.

When is the Next Crypto Bull Run?

  • Nobody quite knows with certainty when the next crypto bull cycle will arrive.
  • However, history suggests that it could begin after the next Bitcoin halving event.
  • This is estimated to take place in April 2024.
  • The previous three Bitcoin halving events have resulted in new all-time highs being recorded.
  • Not just for Bitcoin, but the broader cryptocurrency markets.
  • This is why many investors are loading up on quality cryptocurrencies while prices remain cheap.

How We Picked the Next Big Cryptocurrencies

Now that we’ve explained what can cause a cryptocurrency to explode, we’ll take a closer look at our own methodology. In this section, we explore how we picked the next big crypto for 2024.

Fundamentals of the Project

Many successful cryptocurrencies have solid fundamentals. This means that the project has an identifiable use case and that its native token has utility. These are metrics that seasoned investors look for in a cryptocurrency. After all, it gives the cryptocurrency project the best chance of long-term growth.

SushiSwap is a great example of a cryptocurrency that has attractive fundamentals. It enables traders to buy and sell cryptocurrencies anonymously and without needing to use a third party. It also enables users to earn interest on their idle cryptocurrencies through yield farming.

Similarly, Chainlink also has great fundamentals. It operates in a huge marketplace, as virtually all smart contract blockchains require Oracles. Without them, they can’t bridge the gap between on-chain and real-world data. And, its customers require LINK tokens to use its Oracle technology, so the use case is clear.

Therefore, when researching which projects could be the next cryptocurrency to explode, it’s important to look at the fundamentals.

Cheap Entry Points During a Bear Market

Seasoned stock investors will buy blue-chip companies during a bear market. Why? Because they can buy quality stocks at a huge discount. Crucially, bear markets cause most stocks to decline in value, irrespective of the company’s fundamentals.

The same concept is used by cryptocurrency investors.

  • For example, consider that Bitcoin hit its all-time high in November 2021.
  • The world’s largest cryptocurrency went from highs of over $68,000 to under $16,000 a year later.
  • Did any of Bitcoin’s fundamentals change? No, but that didn’t stop it from declining by over 75%.
  • Shrewd investors would have invested in Bitcoin for the discount on offer.

There are significant discounts available in the cryptocurrency markets right now – especially with altcoins. For example, some of the industry’s top 100 cryptocurrencies by market capitalization are trading 70-95% below their all-time highs. These projects continue to operate and have the same fundamentals.

So, if and when the next bull market arrives, these quality cryptocurrencies could recover their former highs. Some might even go on to set record new peaks. For example, Uniswap is currently trading almost 90% below its all-time high. If Uniswap gets back to its all-time high during the next bull cycle, it will produce growth of 900%.

Cryptocurrencies With a Small Market Capitalization

The next cryptocurrencies to explode are likely going to be new projects with a small market capitalization. The concept is simple; If a cryptocurrency has a small market capitalization, it will attract lower liquidity levels. In turn, even a small amount of buying pressure can generate significant growth. Moreover, small-cap cryptocurrencies have more room to grow.

Consider the same example but with Ethereum. This cryptocurrency already has a market capitalization of about $200 billion. As such, gains of 25x would require a market capitalization of over $5 trillion. This would make Ethereum more valuable than any company listed on the NYSE or NASDAQ – including Apple and Amazon.

What’s the Difference Between the ‘Market Cap’ and ‘Fully-Diluted Market Cap’?

  • When researching the market capitalization of a cryptocurrency, you might see two different figures.
  • You’ll see the ‘Market Capitalization’ and the ‘Fully-Diluted Market Capitalization. Understanding the difference between the two is crucial.
  • The market capitalization takes the ‘circulating’ supply of a cryptocurrency and multiplies it by the current market price. So, if there are 2 million tokens in circulation and they are priced at $1, the market capitalization is $2 million.
  • However, the ‘fully-diluted’ market capitalization uses the ‘total’ supply of a cryptocurrency, rather than the number of tokens in circulation. So, if the project created 10 million tokens in total and the current price is $1, the fully-diluted market capitalization is $10 million.
  • It’s best to only focus on the actual market capitalization of the project. This highlights the cryptocurrency’s true market value. This is the same way that publicly listed stocks are valued.

Community and Market Interest

We mentioned earlier that hype and FOMO can determine the next crypto to explode. This is just the nature of the cryptocurrency markets, which are irrational, speculative, and super-volatile.

The power that a strong community can have on a cryptocurrency’s value should not be understated. This was evident with Shiba Inu’s price growth in 2021.

In addition, we also looked at a range of other ongoing presales to assess the broader market sentiment. If a project has raised a significant amount of capital from presale investors – especially during a bear market, this is a good sign.

Innovative Products or Services

Just like stock growth investors, it can pay off to focus on cryptocurrencies that offer a unique product or service. This should offer a solution to a real-world problem. For example, those who foresaw the future of electric vehicles would have invested in Tesla stock in 2010. While risky at the time, Tesla increased by nearly 20,000% since its 2010 IPO.

We followed the same concept when researching the next cryptocurrency to explode.

  • For example, we particularly like the innovation of WienerAI.
  • This project offers a real-world solution to newbies who want to start trading crypto.
  • It offers a free trading companion who can execute bots.
  • Moreover, it also offers a chatbot to learn more about crypto and investing
  • We also like that WienerAI is a presale project, meaning investors can gain exposure from the ground up.

Just remember that while a project might be working on a real-world solution to existing problems, there is no knowing if it will achieve its goals. Always take the claims made by a cryptocurrency project with skepticism. Perform as much research into the project as you can to give yourself the best chance of success.

Where to Find High-Potential Cryptos

Key Takeaways When Searching for the Next Crypto to Blow up

  • First, check out presale listing websites and exchange launchpads. This will give you information on the hottest presales that are either ongoing or about to start.
  • Next, check out DexTools. This will show you trending cryptocurrencies that trade on decentralized exchanges.
  • To find the best new cryptocurrencies, visit CoinMarketCap. The ‘Recently Added’ section will show you the latest cryptocurrencies to be listed.
  • Reddit should also be on your radar when searching for the next cryptocurrency to explode. Check out relevant and active subreddits like r/SatoshiStreetBets and r/CryptoCurrency.
  • We’d also suggest checking out popular YouTube influencers and analysts, such as Ivan on Tech and Jacob Bury.
  • Crucially, these methods should not be used exclusively. While they can point you in the right direction, you’ll need to do your own research to verify the investment thesis.

We’ve now explained our methodology for finding the next cryptocurrency to explode. Next, you’ll need to know where to look when building a portfolio of high-potential cryptocurrencies.

Here are some pointers on where to discover the most promising cryptocurrency projects for 2024.

Presale Listing Websites and Exchange Launchpads

If you’re looking for the next cryptocurrency to explode and want to focus on newly launched projects, there are several methods you can use.

First, there are third-party websites that list upcoming presales (also known as initial coin offerings or ICOs). These websites provide information on new launches and often include pricing information and links to its whitepaper. You can then do some research on the project and decide whether it aligns with your financial goals.

KuCoin's Spotlight

While most presales are run directly on the project’s website, some use exchange launchpads. For example, KuCoin’s Spotlight dashboard offers access to new cryptocurrencies before they are listed on its primary exchange. Binance’s Launchpad offers a similar service.

  • Another option is to look at specialist launchpad platforms, such as DAO Maker, Polkastarter, and Seedify.
  • These are similar to KuCoin Spotlight and Binance Launchpad, as they help new cryptocurrencies with their presale campaigns.
  • However, the drawback is that these launchpads often require investors to ‘vest’ their tokens.
  • This means that investors won’t be able to sell their presale tokens until a specified timeframe has passed – often several months.

Instead, we prefer direct presales like Pepe Unchained and WienerAI. There are no vesting requirements with these presales, so investors can sell their tokens wherever they want (after the exchange listing).

DexTools Daily Gainers and Hot Pairs

DexTools is also a great option when searching for the next best cryptocurrency to explode. This platform is a data aggregation website for decentralized exchanges. In other words, it’s similar to CoinMarketCap but focuses on cryptocurrencies that trade on DEXs like Uniswap and SushiSwap.

As such, DexTools offers insights into smaller cryptocurrencies that are currently trending. For example, you can sort cryptocurrencies by the biggest gains made in the previous day. Right now, we can see that BEPE and RYOSHI are up 457% and 227%, respectively.

DexTools top gainers

You can then click on the respective cryptocurrency to extract more information. For example, its trading volume over the prior 24 hours and current market capitalization. You will also find links to the project’s website, enabling you to perform additional research.

We also analyze the ‘Hot Pairs’ section on DexTools. While this doesn’t look at price action or volume, it highlights the platform’s ‘most visited’ pairs in the past 24 hours. This is hugely valuable, as you can discover trending coins that are receiving a lot of interest from the broader cryptocurrency community.

As always, never rely exclusively on DexTools. Instead, use it as a base for performing your own research.

Recently Added Cryptocurrencies on CoinMarketCap

Once a new cryptocurrency completes its presale, it will be listed on an exchange. This allows traders to buy or sell the cryptocurrency in live market conditions. This is often the best time to invest in a new cryptocurrency if you missed out on its presale.

The best way to locate these cryptocurrencies is on CoinMarketCap. This is because the majority of newly launched cryptocurrencies will apply for a CoinMarketCap listing for increased exposure. On the CoinMarketCap website, hover your mouse over ‘Cryptocurrencies’ and click on ‘Recently Added.’

CoinMarketCap recently added

This will show you the 30 most recent cryptocurrencies added to CoinMarketCap. You’ll be able to see the cryptocurrency’s increase or decrease in the prior 1 and 24 hours. If the cryptocurrency is already producing solid gains, it could be worth riding the wave.

If you take this strategy, it’s crucial to set up a stop-loss order. This will protect you from losing too much if the cryptocurrency begins to decline. Moreover, it’s crucial to consider the project’s recent trading volume before investing. Some new cryptocurrencies only attract a few thousand dollars in volume, meaning you’ll struggle to find a buyer when it’s time to sell.

Look for Trending Cryptocurrencies on Reddit

The Reddit community is home to millions of cryptocurrency investors, researchers, and general enthusiasts. While it’s also a hotbed for scam projects to market their respective tokens, Reddit can be useful in finding the next cryptocurrency to explode. There are several ways that you can separate the good from the bad.

First, focus on the right subreddits for your objectives. For instance, if you’re looking to target significant gains and are prepared to take on more risk, check out r/SatoshiStreetBets. This subreddit aims to find the next 100x cryptocurrency gems. It has over 736,000 members and plenty of active users.

Trending Cryptocurrencies on Reddit  

If you’re looking for general news discussions and analysis, check out r/CryptoCurrency. With over 6.7 million members, this subreddit focuses on more established projects. Nonetheless, it offers great insights into both fundamental and technical data. Moreover, posts usually attract hundreds of comments, so it’s super active.

Follow YouTube Influencers and Analysts

YouTube is another proven way to find the next cryptocurrency to explode. You have several options in this regard, depending on your specific goals.

For example, if you’re looking for an in-depth analysis of established cryptocurrencies, check out Ivan on Tech. This YouTube channel has over 500,000 subscribers and covers a wide range of topics linked to cryptocurrency trends, price analysis, and education.

However, if you’re looking for tips on the best presales and newly launched cryptocurrencies, check out Jacob Bury. This YouTube channel continues to trend with growth investors, as Bury has predicted several cryptocurrencies that have gone on to explode.

One of Bury’s most successful recommendations was Lucky Block. In a nutshell, Lucky Block grew by over 60x after its presale had concluded. Bury was one of the first YouTube influencers to recommend the casino-centric project.

Our Cryptocurrency Review Methodology

Our comprehensive cryptocurrency analysis and review process involves a multi-faceted approach to ensure thorough and unbiased evaluations. We asses each crypto based on different criteria that allow us to provide comprehensive and reliable reviews for crypto enthusiasts.

Some of those detailed criteria include:

  • Market Potential – Evaluating the potential for market growth and adoption.
  • Whitepaper and Documentation – Reviewing the project’s foundational documents for detailed and clear information.
  • Tokenomics – We analyze the token’s economic model, including total supply and allocation.
  • Trading Volume and Liquidity – Assessing the ease of buying and selling the token without significant price changes.
  • Price Stability – Monitoring historical price data to evaluate stability.
  • Legal Standing and Risk Assessment – Ensuring the project adheres to relevant regulations and identifying potential legal risks.
  • Security and Past Breaches – Checking for third-party security audits and the project’s response to past security incidents.
  • Community Engagement and Public Perception – Assessing the level of community involvement and overall public perception through social media and forums.

Conclusion

In summary, there are many options to consider when searching for the next best crypto to explode. Not only does this include established cryptocurrencies, but brand-new ones too.

One of the most promising cryptocurrency’s to explode in 2024 is Pepe Unchained (PEPU). It’s a Pepe-themed meme coin that is built on the Ethereum layer-two blockchain.

References:

FAQs

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About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Michael Graw
Crypto Writer

Michael is an experienced freelance writer hailing from Bellingham, Washington. Specializing in tech, finance, and business, he's appeared on many different sites, including the likes of Tom's Guide, TechRadar, Techopedia, and Business2Community.

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