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 15 coins that could be the next cryptocurrency to explode. Read on to find the next 100x cryptocurrency in 2024.

The Most Likely Crypto to Explode Next

According to analysts, one of the 15 coins listed below could be the next cryptocurrency to explode:

  1. Sponge V2 (SPONGEV2) – Most likely meme token to explode. Join P2E games and get 202% staking APYs.
  2. Bitcoin Minetrix (BTCMTX) – Stake-to-mine crypto decentralizes cloud mining. $10.7M raised on presale.
  3. Meme Kombat (MK) – Play-to-earn meme crypto offers live battling opportunities. Get 109% staking yields.
  4. eTukTuk (TUK) – Sustainable crypto supports payments on EV charging stations. Nearly $1M raised.
  5. Scotty the AI (SCOTTY) – New crypto leverages advanced AI tools to help safeguard the cryptocurrency space.
  6. Scorpion Casino (SCORP) – Crypto-centric gambling token has raised over $4 million on presale.
  7. Green Bitcoin (GBTC) – Eco-friendly crypto exploding on presale, nearly $1 million raised. Get 286% staking APYs.
  8. Basic Attention Token (BAT) – Privacy focused crypto Web3 project is used by over 50 million people.
  9. Solana (SOL) – Top #10 market cap crypto, one of the fastest and most efficient blockchains ever.
  10. Chainlink (LINK) – Powerful crypto supports decentralized networks and DApps. $11 billion market cap.
  11. SushiSwap (SUSHI) – Native token of a decentralized exchange that supports multiple blockchain standards.
  12. Yearn.finance (YFI) – DeFi token offers specialized yield vaults. Up by 23,000% since launch.
  13. The Sandbox (SAND) – Top metaverse crypto, purchase NFT plots of land. $1 billion market cap.
  14. Cosmos (ATOM) – Popular crypto offers blockchain interoperability. Nearly $4 billion market cap.
  15. Enjin Coin (ENJ) – Innovative crypto allows gaming developers to add blockchain assets into their creations.

An In-depth Look at the Most Likely Next Cryptos to Explode

We’ve ranked 15 cryptocurrencies that have the potential to explode in the very near future. We will now analyze each cryptocurrency pick in great detail.

1. Sponge V2 – Upgraded Version of a Popular Meme Coin, Get High Staking Yields

Sponge V2 ($SPONGEV2) is an upgraded version of the popular meme platform – Sponge. In 2023, $SPONGE burst onto the scene – rising from a $1 million market cap to nearly $100 million in a few months. 

SpongeV2 home

Now, the platform developers have revamped the ecosystem with the launch of $SPONGEV2 – a token version offering passive income and gaming rewards. To facilitate the swap from V1 to V2 tokens – Sponge V2 uses a unique stake-to-bridge mechanism. 

Existing V1 token holders simply need to lock in their holdings on the newly released Sponge V2 smart contract. For every V1 token you stake, the smart contract will reward you with an equal amount of V2 tokens. 

Sponge V2 Miss 100x Pump

Furthermore, you can earn staking yields for the next four years from the Sponge V2 smart contract. At the time of writing, the staking contract offers 202% in annual yields. In the coming months, Sponge V2 will also launch its play-to-earn racer game. 

Players can compete on an online leaderboard and win $SPONGEV2 tokens as a reward. $SPONGE will have a total supply of 150 billion tokens. This crypto could explode once $SPONGEV2 officially launches at a base price of $0.000025 per token. 

Stay updated with this project by going through the Sponge V2 Telegram channel

Hard Cap N/A
Total Tokens 150 Billion
Tokens available in presale N/A
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

2. Bitcoin Minetrix – Stake-to-Mine Crypto That is Likely to Explode, Over $10.7 Million Raised on Presale 

Our next pick for the most likely crypto to explode is $BTCMTX – the native token of Bitcoin Minetrix. This revolutionary cryptocurrency project is tokenizing the cloud mining industry. 

Bitcoin Minetrix presale

Cloud mining is a way through which individuals can access allocated crypto mining times through centralized corporations. However, corporations often tend to deceit and fraud individuals – making it an unsafe industry. 

Bitcoin Minetrix will decentralize the cloud mining process by using blockchain technology. $BTCMTX tokens can be staked on Bitcoin Minetrix’s Ethereum-based smart contract in exchange for tokenized cloud mining credits. 

These credits can be burned on the blockchain to access allocated mining times. Thus, one can earn a share of mining revenues through Bitcoin Minetrix. Furthermore, your staked $BTCMTX tokens can also generate APYs (Annual Percentage Yields) as high as 68%. 

Bitcoin Minetrix roadmap

A crypto that is likely to explode, Bitcoin Minetrix, has already raised more than $10.7 million since the start of the presale. From a 4 billion token supply – 2.8 billion tokens are being offered in the presale. Post the presale, the token could offer soaring returns once the exchange listing occurs. 

Read the Bitcoin Minetrix whitepaper and join the Telegram channel to keep yourselves updated with this top project. 

  
Total Tokens 4 Billion
Tokens Available in ICO 2.8 Billion
Blockchain Ethereum Network
Token Type ERC-20
Minimum Purchase No Minimum
Purchase With USDT, ETH, BNB, MATIC, Credit Card (KYC Required)

3. Meme Kombat – AI-Based Meme Fighting Platform Offers Token Wagering Opportunities 

Meme Kombat ($MK) is a new meme coin offering token holders multiple use cases. This cryptocurrency leverages artificial intelligence to create a virtual fighting platform known as the ‘Battle Arena.’ 

Meme Kombat presale

On the battle arena, players can take part in Player v Player and Player v Game battles. To up the stakes, Meme Kombat allows players to stake $MK to predict the outcome of games. Furthermore, one can place stakes on any live matches taking place within the arena. 

According to the Meme Kombat whitepaper, the first season of the battle arena will feature 11 unique meme coin avatars. You can take the shape of any of these avatars and engage in battle. 

Through the Meme Kombat smart contract, you can stake $MK and generate up to 122% in annual yields. From a total supply of 120 million – 60 million tokens have been allocated for the ongoing presale. This successful presale has already raised over $8.6 million in a few months. 

meme kombat staking

The presale hard cap is set at $10 million. Post the exchange listing, $MK could inflate in price due to its earning opportunities and low token supply. Join the Meme Kombat Telegram channel for more information. 

Total Tokens 120 Million
Tokens Available in ICO 60 Million
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase $5
Purchase With USDT, ETH, BNB

4. eTukTuk – Bridging the Gap Between Sustainable Transportation, TukTuks, and the Blockchain Ecosystem 

eTukTuk is another top-rated cryptocurrency project that will appeal to sustainable investors. In basic terms, the project is bridging the gap between sustainable transportation and tuk-tuk vehicles. Blockchain technology, alongside its native TUK tokens, will also help facilitate this goal.

eTukTuk presale

Based in Sri Lanka, the project is building a network of electric-powered tuk-tuks. It will initially focus on the domestic market before expanding into other Asian and African countries. Its tuk-tuks are being manufactured with sustainability in mind, with a strong focus on local materials.

Make no mistake about it – the tuk-tuk market is huge. In Colombo, Sri Lanka alone – there are more than 1.2 million registered tuk-tuks on the road. Millions more exist in other major cities, including Bangkok, Delhi, and Lagos. According to eTukTuk, its EV vehicles are more cost-effective than conventional tuk-tuks.

eTukTuk network

This will be a major selling point for the project. Moreover, eTukTuk vehicles are compliant with standard EV charging stations, so they will have a ready-made network. TUK tokens, operating on the Binance Smart Chain, can be used for payment and staking rewards. Investors can buy TUK tokens for just $0.0265 on presale. The presale has raised nearly $1 million since launch.

Token symbol TUK
Presale supply 200,000,000 TUK
Token type BEP-20
Payment methods ETH, BNB, USDC, USDT, ADA
Listing price Not stated

5. Scotty the AI – Swap Tokens and Access an AI Chatbot with this Presale Cryptocurrency

The crypto space has witnessed the development of AI within the blockchain ecosystem in the past few years. The latest project to incorporate AI is Scotty the AI ($SCOTTY) – a platform aiming to safeguard the integrity of the crypto space. 

Scotty the AI presale

Scotty the AI uses advanced AI algorithms to detect patterns and identify potential threats within blockchains. The platform can spot suspicious transactions and network anomalies – and neutralize any risks with precision and speed. 

This decentralized cryptocurrency is created on principles of transparency – giving complete token contract ownership to $SCOTTY holders. $SCOTTY will have a fixed supply of 1,734,567,890 tokens – over 520 million of which are allocated for the ongoing presale. 

Scotty the AI will soon launch ‘Scotty Swap’ – allowing token holders to swap $SCOTTY with other DeFi coins. Through ‘Scotty Chat’ – one can interact with an AI chatbot to learn more about the blockchain and crypto space.

Scotty the AI tokenomics

$SCOTTY can also be staked on the smart contract to generate APYs as high as 1,000%. For all these reasons, Scotty the AI could explode in the coming years. So far, the brand-new presale has collected nearly $200K in a few weeks. 

$SCOTTY is priced at just $0.0051 during the ongoing round. Read the Scotty the AI whitepaper and join the Telegram channel to learn more about this cryptocurrency. 

Total Tokens 1,734,567,890
Tokens available in presale 520,370,367
Blockchain Ethereum
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

6. Scorpion Casino – Newly Launched Crypto Casino Backed by a Solid Utility Token

Scorpion Casino is offering a very generous presale package for those who invest in the current stage. Currently, it’s offering SCORP tokens at just $0.029 each. This will soon increase once the current batch is sold. What’s more, after the presale, SCORP will be listed on exchanges at $0.05.

Scorpion Casino Presale Homepage

Not only that but current investors will get 40% of their presale purchase as a casino rebate. The rebate can be used on Scorpion Casino games, such as blackjack, slots, or live dealers. Presale investors can also deposit their SCORP tokens into a staking pool. This will generate rewards, meaning extra SCORP tokens.

Presale investors will also be entered into the Scorpion Casino giveaway. This will give one lucky winner $250,000 worth of SCORP tokens without any vesting or holding conditions. All that being said, the biggest gains could come once SCORP tokens begin trading on exchanges. After all, online gambling is a multi-billion dollar industry, so the target market is huge.

Scorpion Casino gambling

In other words, people have a reason to buy SCORP tokens, as they can be used to gamble in a decentralized environment. Scorpion Casino has also proven its legitimacy, as it holds a fully-fledged Curacao eGaming license. The team behind Scorpion Casino has also gone through a KYC process with Assure DeFi and the project’s smart contract has been audited by SolidProof.

Token symbol SCORP
Presale supply 200,000,000 SCORP
Token type BEP-20
Payment methods ETH, USDT, BNB
Listing price $0.05

7. Green Bitcoin – Eco-Friendly Crypto is 10,000x More Sustainable than Bitcoin

Green Bitcoin ($GBTC) is a new green cryptocurrency project. $GBTC, the native token, has raised nearly $1 million since the start of its presale round. The token is exploding due to its sustainable features and gaming and staking rewards.

Green Bitcoin presale

While Bitcoin is built on the energy-intensive proof-of-work (PoW) network, Green Bitcoin operates using the proof-of-stake (PoS) algorithm. It claims to be 10,000 times more eco-friendly than Bitcoin. Furthermore, the PoS algorithm allows $GBTC token holders to earn staking yields.

At press time, token holders can stake and earn 286% in annual yields. Staked token holders can also join the Green Bitcoin price prediction game. On a daily basis, you predict whether the BTC value will increase or decrease – and start accumulating rewards. Token holders that stake $GBTC for between a week to six months can earn 5% – 20% bonuses on top of their daily winnings.

Thus, these are a few reasons why the token may explode in price. Currently, 40% of Green Bitcoin’s 21 million token supply has been distributed for the presale. Another 27.5% will be given through staking and gaming rewards. 20% is also reserved for CEX and DEX listings.

Green Bitcoin tokenomics

At press time, $GBTC is priced at just $0.4786 during the ongoing presale. Stay tuned for more project updates by reading the Green Bitcoin whitepaper and joining the Telegram channel.

Hard Cap N/A
Total Tokens 21 Million
Tokens available in presale 8.4 Million
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, Card

8. Basic Attention Token – Privacy-Focused Web Browser With Over 50 Million Users  

Basic Attention Token, or BAT, is the native cryptocurrency of Brave. This is a privacy-focused web browser that is used by over 50 million people. The Brave browser is not only faster than Chrome, but users can easily block ads and pop-ups. That said, Brave gives users the option of viewing ads that are aligned with their interests.

And in doing so, users are rewarded in BAT tokens for each ad that they view. This concept also appeals to advertisers. After all, they can ensure that their ads are only shown to relevant audiences. This increases the use case for BAT tokens. Moreover, BAT tokens are potentially undervalued, meaning they could be the next cryptocurrency to explode.

BAT token price chart

For example, at $0.18 per BAT, this translates to a market capitalization of just under $270 million. In contrast, BAT was previously priced at $1.92 during the prior bull market. As such, BAT can now be purchased at a 90% discount. BAT tokens are listed on eToro, a regulated broker that offers fee-free USD deposits.

Note: Just like BAT, the remaining cryptocurrencies that we will discuss can be bought on eToro. We rank eToro highly for its heavily regulated status and super-low fees.

9. Solana – Lightning-Fast and Scalable Blockchain for Smart Contracts and dApps.   

Although Solana already has a market capitalization of almost $9 billion, it has every chance of being the next cryptocurrency to explode. Not only does Solana have some of the best fundamentals in the cryptocurrency industry, but it’s trading significantly below its true market value. For example, Solana is currently priced at just over $21 per token.

This is more than 90% below the all-time high it hit in November 2021. To no fault of its own, Solana is another victim of bearish market cycles. The good news is that by buying Solana at current prices, there is an attractive upside on offer. In fact, a return to the $260 price point will generate gains of over 900%.

Solana chart

The fundamentals speak for themselves – Solana is one of the fastest and most efficient blockchains around. It can handle tens of thousands of transactions each second. And transacting parties pay just $0.00025 on each transfer. As such, Solana could sit at the heart of decentralized finance in the future. Crucially, Solana also supports smart contracts.

10. Chainlink – Powering the Future of Blockchains and Smart Contracts With Real-World Data   

Chainlink solves a major issue with early-stage smart contracts – they couldn’t extract data from the real-world. These restrictions meant that smart contract use cases were limited. Through Chainlink Oracles, Ethereum-based smart contracts can now communicate with real-world data.

The possibilities are endless, as the blockchain arena can now serve traditional industries, such as insurance and banking. For example, consider a global shipping company that takes out insurance via the blockchain. If the cargo shipment is delayed, the smart contract can obtain this information in real-time from reliable sources.

Chainlink price chart

The smart contract can then release the insurance payout to the shipping company. All of this can be achieved autonomously, without any manual input. In order to use Chainlink, blockchain networks must pay fees in its native token, LINK. This is another cheap cryptocurrency based on current prices – LINK is trading 88% below all-time highs.

11. SushiSwap – Invest in the Future of Decentralized Finance at a 97% Discount    

SushiSwap is a decentralized exchange built on the Ethereum blockchain. In simple terms, it enables traders to swap cryptocurrency tokens without going through an intermediary (like a centralized exchange). Without a middleman in place, SushiSwap supports anonymous trading via liquidity pools.

The process is not only private, secure, and cost-effective – but fast. Traders simply need to connect their wallet to Sushi and decide which tokens to swap. Best of all, unlike centralized exchanges, SushiSwap never holds user tokens. On the contrary, all transactions are conducted via decentralized smart contracts.

SushiSwap price

SushiSwap also supports yield farming and vaults, allowing users to earn passive income. What’s more, SushiSwap supports more than a dozen blockchain networks. This enables users to swap tokens across two different network standards (e.g. Ethereum to Binance Smart Chain). The exchange’s native token, SUSHI, is trading at a huge discount of 97% from previous highs.

12. Yearn.finance – Decentralized Finance Ecosystem Specializing in Yield Vaults      

Yearn.finance is another top-rated cryptocurrency from the decentralized finance niche. It specializes in ‘yield vaults’, which enable users to earn passive income. Users deposit funds into a vault and Yearn.finance will locate the best APYs. As a decentralized platform, Yearn.finance does not have access to user-owned cryptocurrencies.

Some of the most popular yield vaults right now are Dai and USD Coin, which are offering APYs of 3.86% and 2.69%, respectively. There are also vaults with APYs of over 100%, but liquidity is low. Yearn.finance supports cryptocurrencies on four network standards – Ethereum, Fantom, Optimism, and Arbitrum.

Yearn.finance

Yearn.finance is backed by YFI tokens. The total supply of YFI is just 36,666 tokens and all are in circulation. Currently priced at just over $5,700, YFI has a small market capitalization of $188 million. This price point represents a bear market discount of almost 94%.

13. The Sandbox – Popular Metaverse Project Support Virtual Real Estate Ownership     

The Sandbox is an established metaverse project built on top of the Ethereum blockchain. Users enter the metaverse with their own unique avatar, which can be fully customized. The Sandbox allows users to create and play games, not to mention explore limitless worlds.

The Sandbox also enables users to buy virtual plots of metaverse land. This was a hugely popular concept during the prior bull market, with some land parcels on Decentraland selling for 7 figures. Landowners can also build real estate projects on their land, and back their investments by an Ethereum NFT.

The Sandbox chart

Land NFTs can then be traded on the Sandbox marketplace. SAND tokens are required to buy and sell land. They are also required to buy in-game assets, such as avatar apparel and upgrades. SAND is another cryptocurrency that peaked during the prior bull market, hitting highs of $8.44 in November 2021. SAND has since declined by over 96%.

14. Cosmos – Bridging Competing Blockchains Together Through Interoperability  

Cosmos operates in a very unique market – it enables competing blockchains to ‘talk’ to each other. This is known as blockchain interoperability and it opens up a world of possibilities. For example, suppose you’re currently holding USDT tokens, which are built on the Ethereum blockchain. You want to invest in a new Solana project, which requires SOL tokens.

Ordinarily, you would need to sell your ETH tokens for SOL before completing the process. But with Cosmos’s Inter-Blockchain Communication protocol, you’d be able to complete the process directly. Almost 250 apps and services have connected to Cosmos, showing that there’s a solid market for its product.

Cosmos (ATOM) price

ATOM, the project’s native token, is the glue that holds everything together. ATOM tokens were launched in 2019 at $6.60. They hit all-time highs of $44.70 in late 2021. But like many top-rated altcoins, ATOM tokens are now trading at a fraction of their former highs. Currently, you can buy ATOM at a discount of 83%.

15. Enjin Coin – Blockchain Project Allowing Developers to Add Play-to-Earn Elements Into Their Games     

Enjin Coin is a blockchain project aimed at traditional gaming developers who want to incorporate play-to-earn elements. For example, suppose a game allows users to collect virtual items, like a sword or potion. With Enjin, these in-game assets can be backed by NFTs. This means that the player owns the asset.

It also enables gamers to trade their in-game assets on NFT marketplaces. What’s more, Enjin also allows players to earn cryptocurrency rewards. These are settled in ENJ, which is native to the Enjin ecosystem. Enjin, which operates on the Ethereum network, is up over 920% since it was launched in 2017.

Enjin Coin

However, it’s currently trading at a huge bear market discount of nearly 95%. Moreover, its market capitalization stands at just $250 million, so there’s plenty of upside to target. There is growing interest in Enjin Coin, as trading volumes are up almost 40% in the prior 24 hours.

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.

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 Bitcoin 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.

As such, we also focused on cryptocurrencies that are currently trending. For instance, tokens such as Sponge V2 soared in 2023 – raising a market cap of nearly $100 million.

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 eTukTuk – which is the best new cryptocurrency to consider today.
  • This project offers a real-world solution to tuk-tuk drivers who want to reduce their operating costs.
  • Its electric tuk-tuks are affordable – both in terms of the purchase price and charging.
  • Moreover, eTukTuk will appeal to environmentally conscious investors, considering that its tuk-tuks reduce carbon emissions.
  • We also like that eTukTuk 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 influencers and analysts on YouTube. For example, 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 Bitcoin Minetrix and Meme Kombat. 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.

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.

We believe that Sponge V2 is pinned for substantial growth in the future. The $SPONGEV2 token offers high staking APYs, and is also launching a new P2E gaming environment. This is the new token version of Sponge – the popular meme coin which reached a near $100 million market cap in 2023.

References:

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Michael Graw

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.