17 Next Cryptocurrency to Explode in 2024

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

  • Hottest meme token trending on the presale market right now with over $200k raised in first 24 hours!
  • Early investors and degens can stake DOGE20 to earn passive income with +2,000% p/a rewards
  • DOGE20 boasts a greener ecosystem as it's an ERC-20 token making it easy to store in any crypto wallet
Project Launched
March 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • Gamified Green Staking Offers Passive Earnings
  • Stakers Are Entitled to Extra Benefits Such as Bonuses for Long-Term Staking
  • Set to Launch on Major Crypto Exchanges After the Presale
Project Launched
April 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • 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
  • State-of-the-art AR & VR ecosystem offering everything from games to movies
  • Massive 5.21B total token supply with 15M marketcap at listing
  • 80% of total supply has been allocated to the presale giving early investors access to in-game perks
Project Launched
January 2024
Purchase Methods
  • ETH
    ETH
  • Debit
    Debit
  • Matic
    Matic
  • BNB
    BNB
  • USDT
    USDT
  • +2 more
  • Trending Solana Meme Coin Offering Exclusive Airdrops
  • Buy And Stake $SMOG For 42% APY Rewards
  • Within First Hour of Fair Launch Market Price Jumped 1,400%
Project Launched
February 2024
Purchase Methods
  • BONK
    BONK
  • ETH
    ETH
  • SOL
    SOL
  • USDT
    USDT
  • +1 more
  • Over $300k Raised and 598% Staking APY on Offer
  • AI-Driven, Sustainable Transport Solution Designed to Revolutionize Transportation in Developing Nations
  • Exciting eTukTuk Play-to-Earn Game In the Making
Project Launched
June 2023
Purchase Methods
  • BNB
    BNB
  • Debit
    Debit
  • ETH
    ETH
  • USDT
    USDT
  • +1 more
  • Innovative Stake-to-Mine Model Bringing New Utility in Web3
  • Cost-Efficient Way to Mine BTC
  • Over 360M BTCMTX Already Staked with Estimated Rewards of 115% p/a
Project Launched
September 2023
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Matic
    Matic
  • USDT
    USDT
  • Debit
    Debit
  • +2 more
  • $SCORP Token Holders Gain Access to Weekly Bonuses and Free Games
  • Over $2.2M Raised so Far in Ongoing Presale
  • Early Presale Investors Can Participate in a $250k Giveaway
Project Launched
February 2023
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • New stake-to-earn meme token
  • Staking rewards stand currently at 1064 $POODL tokens per ETH block
  • Total token supply of 6.9Bn with 50% set aside for presale
Project Launched
Februari 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • Debit
    Debit
  • +1 more
  • Making headlines as a unique AI-powered cryptocurrency casino offering free NFTs
  • Massive bonuses up to 12k USDT in daily rewards and airdrops
  • Users will be able to earn fixed APRs via staking, with participants receiving occasional free bets and rewards
Project Launched
July 2022
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • USDC
    USDC

The Most Likely Crypto to Explode Next

According to analysts, one of the 17 coins listed below could be the next cryptocurrency to explode:

  1. Dogecoin20 (DOGE20) – Most likely meme cryptocurrency to explode. Get 300% APYs
  2. 5th Scape (5SCAPE) – Virtual reality crypto gaming ecosystem. $2.6M raised on presale.
  3. Sponge V2 (SPONGEV2) – Most likely meme coin to explode. Get 176% staking APYs.
  4. Smog (SMOG) – New meme coin cryptocurrency offers airdrops and 42% staking APYs.
  5. eTukTuk (TUK) – Sustainable crypto supports payments on EV charging stations. $1.9M raised.
  6. Bitcoin Minetrix (BTCMTX) – Stake-to-mine crypto decentralizes cloud mining. $12M raised.
  7. Scorpion Casino (SCORP) – Crypto-centric gambling token has raised over $6 million on presale.
  8. Poodl Inu (POODL) – New meme token recently launched on presale. Get 276% staking APYs.
  9. Hypeloot (HPLT) – New crypto casino offers staking yields and NFTs. $670K raised on presale.
  10. Basic Attention Token (BAT) – Privacy focused crypto Web3 project, used by 50 million people.
  11. Solana (SOL) – Top #10 market cap crypto, one of the fastest and most efficient blockchains ever.
  12. Chainlink (LINK) – Powerful crypto supports decentralized networks. $12 billion market cap.
  13. SushiSwap (SUSHI) – Native token of a popular DEX. supports multiple blockchain standards.
  14. Yearn.finance (YFI) – DeFi token offers specialized yield vaults. Up by 32,000% since launch.
  15. The Sandbox (SAND) – Top metaverse crypto, purchase NFT plots of land. $1.7 billion market cap.
  16. Cosmos (ATOM) – Popular crypto offers blockchain interoperability. $5.2 billion market cap.
  17. 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 17 cryptocurrencies that have the potential to explode in the very near future. We will now analyze each cryptocurrency pick in great detail.

1. Dogecoin20 – Most Likely Next Meme Crypto to Explode with over 300% APY

The newest doge in town, Dogecoin20, is our top pick for most likely next crypto to explode in 2024. It’s the next generation of meme coin, eschewing the energy-intensive proof-of-work model favoured by Dogecoin for a more eco-friendly, high-speed proof-of-stake model on the Ethereum network. This means faster, more secure transactions plus a chance to earn passive income through staking your tokens.

dogecoin20 homepage

Dogecoin20 is designed for the community with rewards and incentives to foster a sustainable ecosystem. The Dogecoin20 whitepaper details the community-focused tokenomics:

  • 25% for presale
  • 25% for marketing
  • 25% for treasury
  • 10% for liquidity on DEXs
  • 15% for staking rewards

Of that 15% for staking, 12.5% will be distributed in the first year, rewarding early investors. Currently the token is priced at $0.0002 in its presale, and staking rewards are at 304%, making it a low-priced token with huge potential to explode. Once this token is listed on exchanges, the price has a strong likelihood to jump.

dogecoin20 staking

As a meme coin with strong incentives, it’s already generating a lot of hype. And with influential figures like Elon Musk being fans of the Doge meme as well as the recent meme coin bull run, Dogecoin20 is one to watch.

Stay tuned for more project updates by joining the Telegram channel and following Dogecoin20 on X (formerly known as Twitter).

Hard Cap N/A
Total Tokens 140 billion
Tokens available in presale 35 billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase None
Purchase with USDT, ETH, BNB, Card

2. 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. 

5th Scape homepage

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. 

5th Scape tokenomics

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.  

Token symbol 5SCAPE
Presale supply 4,164,175,455 SCORP
Token type ERC-20
Payment methods ETH, USDT, BNB, MATIC, Card
Listing price $0.01

3. 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 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. 

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

4. Smog (SMOG) -New Meme Coin Offers 42% Staking APYs

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.

Smog token presale

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

5. 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 $0.028 on presale. The presale has raised over $1.9 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

6. 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. 

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 57%. 

Bitcoin Minetrix roadmap

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. 

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)

7. 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 $0.04 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

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

8. Poodl Inu – New Dog-Themed Meme Cryptocurrency, Offers 276% Staking Rewards

The next crypto likely to explode in 2024 is Poodl Inu ($POODL). As the name suggests, Poodl Inu is the latest dog-themed meme coin in the space. $POODL token holders can benefit from the high staking yields and the low entry point through the ongoing presale. 

Poodl Inu presale

Since the start of 2024, meme coins such as Bonk and Pepe Coin have been performing exceedingly well. Therefore, investors are looking for new projects to invest in from an early stage. 

Currently, $POODL is available to purchase during the early presale rounds. From a total supply of 6.9 billion tokens, 50% has been allocated for the ongoing presale. At the time of writing, $POODL is priced at $0.000467 per token. 

To earn passive income, investors can stake their holdings on the Poodl Inu smart contract. Currently, you can earn APYs as high as 276%. Over 750 million tokens have already been staked on Poodl Inu. As the APYs will reduce as more tokens are staked, presale investors could benefit by entering the project early. 

Poodl Inu staking and earn

Post the initial exchange offering, Poodl Inu can become one of the next meme coins to explode. Read the Poodl Inu whitepaper and join the Telegram channel to learn more about this cryptocurrency. 

Token symbol POODL
Presale supply 3,4500,000,000 SCORP
Token type ERC-20
Payment methods ETH, USDT, BNB, Card
Listing price N/A

9. 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. 

Hypeloot presale

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. 

Hypeloot benefits

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. 

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

10. 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 graph

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.

11. 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.

SOL token graph

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.

12. 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.

LINK token graph

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.

13. 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.

SUSHI token graph

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.

14. 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.

YFI token graph

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%.

15. 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.

SAND token graph

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%.

16. 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 token graph

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%.

17. 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.

ENJ token graph

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.

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.
  • 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 Dogecoin20 and Green Bitcoin. 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 Dogecoin20 ($DOGE20) is pinned for substantial growth in the future. This meme crypto offers high staking yields. And with one presale stage and one price, early investors have equal chances at gaining profits.

References:

FAQs

What is the next cryptocurrency to explode in 2023?

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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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