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 21 coins that could be the next cryptocurrency to explode. Read on to find the next 100x cryptocurrency in 2024.
Enjin Coin (ENJ) – Innovative crypto allows developers to add blockchain assets to their creations.
An In-depth Look at the Most Likely Next Cryptos to Explode
We’ve ranked 21 cryptocurrencies that have the potential to explode in the very near future. We will now analyze each cryptocurrency pick in great detail.
1. Dogeverse – Most Likely Next Crypto to Explode, Multi-Chain Meme Coin With 600% APY
Dogeverse is the latest dog-themed meme coin that looks set to explode in 2024. This multi-chain meme coin has been released to coincide with the upcoming ‘Doge Day’ on 20th April. Amazingly, in the first 24 hours the token raised more than $300,000 in token sales, marking it out as a coin to watch for early investors.
Dogeverse is built on the Ethereum blockchain and has been designed for multi-chain use. This means that Dogeverse is the first dog-themed meme coin that can be bought and used on more than one chain. Users of Ethereum, Binance, Avalanche, and Polygon are all able to buy and use the token with plans in the pipeline for Base and Solana integration.
Such wide multi-chain applications mean this coin has a high chance of going viral and following in the footsteps of other successful coins launched on the Base and Solana networks.
2. Slothana – New Meme Coin Built on Solana, Raised Over $7.5 Million on Presale
Slothana ($SLOTH) is another meme cryptocurrency that can explode in 2024. Currently, $SLOTH is available to purchase through its presale campaign.
Built on the Solana blockchain, $SLOTH can be purchased by sending $SOL tokens to Slothana’s wallet address. (EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA). For just 1 SOL, you will receive 10,000 $SLOTH.
The tokens will be airdropped to your cryptocurrency wallet once your transaction is processed. This meme coin features an office sloth that quits its day job to start crypto trading and make profits.
Similarly, the cryptocurrency attracts high-risk investors who want to generate high yields. In only a few weeks since the $SLOTH token launched on presale, Slothana has raised more than $7.5 million.
Slothana is based on popular SOL-themed meme coins like $SLERF. This cryptocurrency launched in December, 2023, and reached a market cap of $400 million in just a few months. Once $SLOTH lists on exchanges, it could explode in price and offer huge returns.
Join the Slothana Twitter page to stay updated with this project.
3. Mega Dice – Popular Crypto Casino Offers Profit Sharing Opportunities With Token Holders
Mega Dice ($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.
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.
4. 99Bitcoins – Learn-to-Earn Platform Offers Generous Staking Rewards of Over 4,000%
99Bitcoins ($99BTC) is a crypto learning platform that boasts over 2 million users for its crypto education courses. Being around for over a decade, 99Bitcoins is a veteran in the crypto learning space. Now, the team is launching a token designed to revolutionize crypto learning by rewarding active participants through quizzes and gamified learning modules.
Buy the token in a presale with ETH, USDT, BNB or a card – and stake your tokens to take advantage of the generous APY of over 4,000% during the early presale stages. Note, if you buy $99BTC tokens using BNB, you won’t be eligible for the staking rewards.
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.
5. 5th Scape – New VR and AR Cryptocurrency, $775K Raised on Presale
5th Scape ($5SCAPE) is the world’s first cryptocurrency platform that offers both augmented and virtual reality gaming elements. Due to its unique utility and token discounts, 5th Scape could be one of the top cryptos to explode.
At the center of the ecosystem is $5SCAPE, the native token. This token is used to conduct all transactions on the 5th Scape platform. Token holders also get exclusive access to a range of VR-themed products.
For instance, players can access virtual-reality-themed MMA games. You can also take part in Soccer and Cricket-themed simulators. To offer hyper-realistic gameplay and an immersive visual experience, 5th Scape offers VR headsets and gaming chairs.
All token holders get discounts on the 5th Scape products. The $5SCAPE token has a total supply of 5.21 billion. 80% of the supply has been set aside for the ongoing presale. So far, the presale has raised $2.6 million. Currently, $5SCAPE is priced at just $0.00248 per token.
By the exchange listing, the price will increase by over 300% to $0.01. Stay updated with this cryptocurrency by reading the 5th Scape whitepaper and joining the Telegram channel.
6. Sponge V2 – Upgraded Version of a Popular Meme Coin, Get High Staking Yields
Sponge V2 ($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.
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.
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 176% 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 $0.000025 per token.
Smog ($SMOG) is a top new meme cryptocurrency that can explode in 2024. In February 2024, $SMOG conducted its fair launch on the Jupiter decentralized exchange, launching with a $2 million market cap.
In only a month, the market cap has now soared past the $350 million valuation. Smog has instantly become one of the top-performing meme coins and offers multiple benefits through its native cryptocurrency.
Originally built on the Solana blockchain, the token has now integrated with the Ethereum blockchain. Token holders can buy and stake $SMOG on the ecosystem, and earn up to 42% in APYs (Annual Percentage Yields).
Smog also aims to conduct one of the greatest airdrop campaigns on the Solana blockchain. From a total supply of 1.4 billion, 35% (490 million tokens) will be offered through airdrops. Interested users can sign-up to the airdrop campaign on Zealy, and start accumulating airdrop points.
The points can be earned by simply holding the token, or completing daily tasks. These include following Smog on its Telegram and Twitter. To gain popularity, Smog is allocating a whopping 50% of its token supply for marketing purposes. This can help the token expand its reach via viral and celebrity marketing.
While 10% of the supply is being used to maintain DEX liquidity, another 10% has been set aside for CEX liquidity. Currently, $SMOG is trading at the $0.2758 range. For more information, read the Smog whitepaper.
Hard Cap
N/A
Total Tokens
1.4 billion
Tokens available in presale
Not a presale
Blockchain
Solana
Token type
SPL
Minimum Purchase
None
Purchase with
ETH, USDT, USDC, SOL or any other Solana-based token
8. 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.
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.
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 $0.028 on presale. The presale has raised over $1.9 million since launch.
9. Bitcoin Minetrix – Stake-to-Mine Crypto That is Likely to Explode, Over $12 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.
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 57%.
A crypto that is likely to explode, Bitcoin Minetrix, has already raised more than $12 million since the start of the presale. From a 4 billion token supply – 2.8 billion tokens are being offered in the presale. Post the presale, the token could offer soaring returns once the exchange listing occurs.
10. WienerAI – New Dog-Themed Meme Coin With Impressive Staking Rewards
WienerAI ($WAI) is a hot 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.
Despite the AI tag, WienerAI is a meme coin with zero utility. Instead, the creators of the project aim to create a massive internet frenzy for native token $WAI, similar to what we have seen with other dog-inspired tokens such as $Doge and $Bonk. What’s more, $WAI token holders can immediately put their investment to work and begin staking for extremely high rewards.
Buying the token is quick and easy. All you have to do is head over to the official presale website and connect your wallet. You can buy $WAI with BNB, ETH, MATIC or USDT.
With the current trend for dog-inspired meme coins showing no signs of slowing down, an early investment in WienerAI might prove to be very lucrative. Total supply is 69 billion tokens of which a massive 40% (27.6 billion) has been reserved for the presale.
11. Hypeloot – Crypto Casino Offers Staking and NFT Rewards, Over $670K Raised on Presale
Hypeloot is a new cryptocurrency casino that offers several use cases through its native token, $HPLT. Launched in 2022, Hypleoot has generated a user base of more than 175,000 and processed over 65 million bets.
On the crypto casino, users can win luxury goods and tech products by opening mystery boxes. You can also engage in provably fair games such as Crazy Wheel and Plinko. $HPLT token holders get free gaming credits across the casino ecosystem.
With $HPLT, token holders can earn passive income through the staking mechanism. Hypeloot utilizes a portion of its casino revenues to buy back $HPLT tokens using a smart contract. 50% of the tokens are offered to investors through the staking pool. To reduce the supply in the long-run, the remaining 50% of tokens will be burnt.
Thus, as staking rewards increase and the supply decreases, the token price could explode in the future. To attract more investors, Hypeloot will also release its Hypes NFT collection. Presale investors will be more likely to win NFTs in the coming months.
Currently, 40% of $HPLT’s 100 million token supply is being distributed through the presale. At press time, $HPLT is priced at $0.09375 per token. Since the presale started, Hypeloot has raised over $670K.
12. InsanityBets – Likely CasinoFi Crypto Platform to Explode, Get High Staking Yields
InsanityBets ($IBET) is an innovative CasinoFi cryptocurrency platform. Users can engage in provably fair games, developers can create their own experiences, and $IBET token holders can earn high staking yields and rewards.
On InsanityBets, users can access provably fair games using Chainlink VRF RNG. To get early access to certain casino games, you can stake $IBET. Those who stake more than 20 million tokens pay a fraction of the winnings and withdrawal fees and also get priority access to PvP games.
On InsanityBets, players have the opportunity to win back 85% of all fees generated. 35% is given back through staking pools to staked token holders. Another 50% is offered to those token holders that burn $IBET on-chain. This also helps to keep the total token supply of 5 billion in check and increase demand in the long term.
Thus, this token could explode as more $IBET is locked on the staking contract. Early adopters can purchase $IBET before the exchange listing. Currently, the token is priced at only $0.0015 during the second presale round. 2.5 billion tokens are being distributed through the presale.
13. Shiba Shootout – Community Driven Meme Token Looking To Go Viral
Shiba Shootout is the latest cryptocurrency expected to go parabolic. Centred 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 $150,000 raised in just three days, the coin is well on its way.
Labelling itself as a community driven meme coin, Shiba Shootout also offers the investor a wealth of revenue generating utilities. There are rewards for referring friends, prizes for story telling as well best meme competitions. $SHIBASHOOTER holders can also play lotteries and vote on governance proposals. You can also stake the token or save it for impressive passive rewards. There are 2.2 billion tokens in total of which 35% (770 million) have been reserved for the presale, however they are selling out fast.
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.
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.
Currently priced at $0.36, BAT is 81% below its all-time highs. 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.
15. Solana – Lightning-Fast and Scalable Blockchain for Smart Contracts and dApps.
Although Solana already has a market capitalization of almost $67 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 $150 per token.
This is more than 40% 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.
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.
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.
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 60% below all-time highs.
17. SushiSwap – Invest in the Future of Decentralized Finance at a 91% 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 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 91% from previous highs.
18. 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.
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 $10,400, YFI has a small market capitalization of $346 million. This price point represents a bear market discount of almost 88%.
19. 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.
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 90%.
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.
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 69%.
21. 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 3,385% since it was launched in 2017.
However, it’s currently trading at a huge bear market discount of nearly 86%. Moreover, its market capitalization stands at just $920 million, so there’s plenty of upside to target.
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.
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.
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.
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.
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.
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.
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.
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 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.
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 Dogeverse and Slothana. 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.
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.’
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.
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 Dogeverse ($DOGEVERSE) is pinned for substantial growth in the future. This meme crypto offers multi chain functionality and high staking yields.
What is the next cryptocurrency to explode in 2023?
Dogeverse ($DOGEVERSE) could be the next crypto to explode. This project offers multi-chain functionality alongside high staking yields.
Which crypto can give 1000x in 2023?
Realistically, you’ll need to choose a micro-cap cryptocurrency to secure gains of 1000x. For example, if the cryptocurrency has a market cap of $1 million, 1000x gains would increase this to $1 billion.
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 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.
It is that time again - the next Call of Duty iteration is on its way and we’re heading back to Black Ops. That’s right, after a four-year absence, fans...
Get the biggest tech headlines of the day delivered to your inbox
Tech News
Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.
In-Depth Tech Stories
Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.
Expert Reviews
Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.
BNB
ETH
Matic
USDT
SOL
Debit
BONK
USDC
