2022 has been a bear market for the cryptocurrency market, dubbed the “Crypto Winter” by cryptocurrency news media. The price of Bitcoin fell to $15,000, and many other tokens fell even more, reaching new all-time lows.
One of the benefits is that it prompts investors to look for cryptocurrencies with better utility and higher potential to reap long-term skyrocketing gains in the next crypto bull run. This guide highlights and reviews a number of cryptocurrencies that are expected to break out in 2024 and the coming years.
What are the next cryptocurrencies that could explode in 2024?
Want to find the next big thing for your cryptocurrency portfolio? There are many viable cryptocurrency projects to choose from, suitable for different fields, and look promising.
That’s why choosing the right cryptocurrency can be a difficult task. To help you make the right decision, we have curated a list of the top 15 cryptocurrencies that are most viable.
Bitcoin Miner (BTCMTX) – The next cryptocurrency to explode with its staking mining utility
SPONGEV2 – The Memecoin that broke out with its V2 token launch
Meme Battle (MK) – The Next P2E Memecoin Ready to Break Out
Launchpad XYZ (LPX) – The Cryptocurrency Project Simplifying Web 3 by 2024
yPredict (YPRED) – A cryptocurrency that uses artificial intelligence to predict asset prices
Wall Street Memes (WSM) – A potential meme coin to explode in 2024
Ripple (XRP) – Expected to Recover Popularity After Lawsuit in 2024
APE (Ape Coin) – Crypto DAO Project Returns Control to Investors
GALA – Putting Crypto Gamers Back in Control
ImmutableX (IMX) – Improving Ethereum’s Scalability and User Experience
Bitcoin (BTC) – Ready to Retake the Throne and Set New All-Time Highs After the Next Bitcoin Halving
Ethereum (ETH) – The must-have cryptocurrency for dApp projects
Dogecoin (DOGE) – Large community, the largest meme coin by market cap
Cosmos (ATOM) – The Internet of Cryptocurrencies Explodes in 2024
TRON (TRX) – can improve the content creation process
A more detailed look at the next cryptocurrency that is about to break out
Our list starts with a meme coin – As Dogecoin and Dogecoin showed in the last bull run, and Pepe will show in 2023, meme coins can explode by hundreds of percentage points in a matter of days:
Bitcoin Miner (BTCMTX) – The next cryptocurrency to explode with its staking mining utility
Amid the challenges facing Bitcoin, a new entrant into the cryptocurrency space, Bitcoin Miner (BTCMTX), is making a splash by reshaping the cryptocurrency mining landscape.
BTCMTX introduces a groundbreaking concept – the staking mining model. Holders of BTCMTX tokens can stake them to accumulate Bitcoin mining points, which can be exchanged for actual mining time and rewards.
BTCMTX announced a total supply of 4 million tokens, of which 70% were allocated to pre-sale buyers. The project's strategic pricing during the pre-sale phase started at $0.011 per token, which attracted widespread attention and raised more than $100,000 on the first day.
The future prospects for Bitcoin miners are exciting. The project's development team is actively negotiating with leading cloud mining groups to expand its staking mining protocol globally. In addition, there are plans to launch a mobile version of the platform to increase the convenience of users managing mining activities on mobile devices.
With Bitcoin still searching for stability, Bitcoin miners have emerged as an appealing alternative, positioning themselves as a project worth keeping a close eye on in the cryptocurrency space.
SPONGEV2 – The meme coin that broke out with its V2 token launch
Sponge V2 is an upcoming token in the Sponge ecosystem, which was first launched in May 2023 along with its V1 version. The project has already attracted considerable attention and is expected to grow significantly in the coming days. A deeper look into the project reveals a vibrant amalgamation of eccentric characters that unite to build a community together. However, Sponge V2 leverages this community feature and surpasses Sponge V1, hoping to become more than just another meme coin project.
As one of the most popular meme coins in 2023, Sponge V1 quickly climbed in price after its first listing on Uniswap. Although its value dropped after the meme craze fell, the community persisted and thrived. Therefore, Sponge V2 stood out by introducing a unique Play to Earn (P2E) mechanism and staking features. Existing Sponge V1 holders have the opportunity to stake their tokens through the official website and receive the same number of Sponge V2 tokens. At the same time, new token buyers will find that their tokens are automatically staked.
The staking process not only helps upgrade the sponge token, but also provides additional rewards for those who lock their tokens for a long time. These developments have led the community to believe that significant profits are possible in the coming months, positioning Sponge V2 as a fascinating investment opportunity.
Meme Battle (MK) – The next P2E meme coin ready to explode
Meme Battle is a brand new cryptocurrency project in the meme space. The project is located at the intersection of meme and competitive gaming, proposing a clear and structured token economic plan. The project's native token MK is now available for pre-sale, with a maximum supply of 12 million.
Meme Battle is a gaming platform that combines the fun of meme coins with competitive combat. Using advanced technology and the decentralized Ethereum network, Meme Battle aims to create a unique and enjoyable gaming experience.
The project has set ambitious goals for its presale, aiming for a soft cap of $1 million and a hard cap of $10 million. Notably, MK tokens are currently being sold at $1.667 per token during the presale, with payment options including ETH, USDT, and BNB.
The core team of Meme Battle is led by founder Matt Whiteman and maintains a public profile in the meme coin space. The project's well-structured token economic plan and innovative approach to gaming have attracted widespread attention in the cryptocurrency and Web3 communities.
Launchpad XYZ (LPX) – The Cryptocurrency Project Simplifying Web 3 by 2024
Launchpad XYZ is a cryptocurrency project that provides a “one-stop” portal to all things Web 3. But rather than taking an overly complex decentralized route, Launchpad creates an inclusive platform where interested parties can interact with Web 3 in the way they wish.
To achieve this, Launchpad XYZ provides a variety of tools to teach people about Web 3 in simple language. Traders can get a trading terminal with up-to-date and easy-to-use tools that allow them to evaluate market conditions in real time. NFT enthusiasts can create, curate, buy and sell NFTs with real value. Gamers can interact with P2E games, and brands and institutions can view tailor-made metaverse experiences.
The main goal of Launchpad XYZ is to address the shortcomings that hinder the current Web 3 adoption rate by making every decentralized aspect simpler and more unique. Everything on the platform will have simple tutorials to teach users how to navigate the space. And helping people interact with the ecosystem are two elements – LQ and the Launchpad Wallet.
The LaunchPad Wallet is an easy to use Web 3 wallet that allows people to interact with the Web 3 elements they wish to interact with. LQ or the LaunchPad Quotient is a unique metric that combines over 400 data points to help people choose the best NFTs, utility cryptocurrencies, cryptocurrency presales, and Web 3 projects to participate in.
This diversity of utility has generated a lot of interest in Launchpad XYZ's native token, LPX. The presale for LPX is ongoing, and the token has already raised over $140,000 in less than a week. Given the project's use cases, if Launchpad can achieve the goals it has set, it could outpace similar projects. Click the link below to participate in the early mobilization and join the Telegram group to learn more about the project.
yPredict (YPRED) – A cryptocurrency that uses AI to predict asset prices
yPredict is an AI project that aims to create a "one-stop" AI platform that provides users with a variety of prediction algorithms to predict asset prices and make wise investment decisions. These algorithms are provided by data scientists, AI developers, and quantitative analysts, and users can purchase their services through the prediction market.
Navigating the cryptocurrency space isn’t easy, which is why yPredict has developed a solution that uses artificial intelligence combined with technical and sentiment indicators to determine the direction of an asset. According to the official white paper, it uses a patent-pending pattern recognition algorithm to identify repeatable patterns from hundreds of bullish and bearish chart and candlestick patterns.
The goal of yPredict is to give users access to AI signals and enable financial data scientists to earn passive income. These individuals can publish their validation results and signals on the marketplace and sell them on a subscription basis. Users will pay for these subscriptions using YPRED – an ERC-20 token built on the Polygon chain.
Currently, YPRED is in presale and has raised $400,000. This initial momentum suggests that it has the potential to break out, as similar assets with similar momentum, such as Fetch.ai, have already rallied 14,00% during the bull run.
Wall Street Memes (WSM) – A potential meme coin to explode in 2024
Wall Street Memes is a token that entered the cryptocurrency space amid the meme coin craze.
The Wall Street Meme community, which has over 1 million followers and is spread across multiple social media platforms, is a tribute to Wall Street Bets, a Reddit investor group that fueled Gamestop’s short squeeze, which increased Gamestop’s value by about 100 times.
Since then, the community has been involved in the latest trends in the NFT space, including Bitcoin NFTs. Its PFP NFT collection sold out within minutes of going live. With the latest Terrier coin – WSM – Wall Street Terriers is once again aiming to become the next generation cryptocurrency that breaks out in 2024.
Ripple (XRP)
Ripple has established itself in the cryptocurrency industry. It is a money transfer network project that aims to cater to the needs of the financial services industry. The native token of the project is XRP. Ripple is a payment settlement and currency exchange system that facilitates transactions worldwide. XRP is the native token of the XRP ledger that runs on the Ripple network. XRP's blockchain operates differently than most other cryptocurrencies. It makes things centralized and uses a consensus protocol.
Ripple has many advantages that make it stand out. While other transfers take days to verify and complete, Ripple transactions take less than four or five seconds to execute. Many larger financial institutions such as IndusInd Bank, Santander Bank, and Bank of America use Ripple, demonstrating the good reputation and market adoption capabilities that the cryptocurrency possesses.
We included Ripple in the list because it is adopted by major financial institutions and banks and has various solutions including crypto liquidity hubs, cross-border payments, and central bank digital currencies.
APE
Ape Coin comes from legendary NFT creator The Bored Ape Yacht Club. It has the potential to gain the necessary hype and maintain its utility.
In the first quarter of 2022, rumors proliferated that there was a cryptocurrency that was about to be launched, which would be the native token of the Bored Ape Yacht Club, developed by Yuga Labs. Then Ape Coin appeared. It is the ERC-20 governance and utility token of the APE ecosystem and is governed by a decentralized autonomous organization (DAO). This allows holders of the coin to vote on any governance-related decisions.
Ape Coin has multiple uses in the ecosystem. Some of the uses of Ape Coin include enabling holders to participate in the governance of the DAO, which further enables them to participate in the governance of the DAO and gain access to some exclusive features such as games, events, merchandise, etc.
Since it is backed by Yuga Labs, ApeCoin has great potential to maintain its position and break out in 2024. The same organization launched some of the best-selling NFTs, including Bored Ape Yacht Club, Meebits, and CryptoPunks.
GALA
Gala Games is at the forefront of the game finance (play to earn money) industry and the larger metaverse revolution of NFTs.
Gala Games launched in 2020, identifying a gap in the gaming industry and becoming one of the pioneers in the space. It is a platform for creating blockchain-based games that gives players actual ownership of their gaming assets through NFTs.
It is not just the presence in the Play To Earn space that makes us add it to the list, but more importantly Gala Games focuses on creating quality games that are much better than the usual games in the P2E space. Gala Games has its own native token, GALA. This is the main token used in the gaming ecosystem for purchasing assets, peer-to-peer payments, rewarding nodes, etc.
What makes us optimistic about Gala Games is not only its unique capabilities in the Play To Earn space, but also its overall functionality. It is built on the Binance Smart Chain and uses GALA to reduce overall transaction fees in games. Other advantages include a variety of games built in to provide a better gaming experience, and a large community with more than 1.3 million members.
ImmutableX (IMX)
Immutable X recently gained attention again in the cryptocurrency market through its integration with the NFT marketplace Rarible. Gaming NFTs built on IMX can now be sold on Rarible.
Immutable X aims to make NFT transactions on the Ethereum blockchain more efficient by reducing gas fees. It was founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly, and mainly aims to achieve instant confirmation of transactions on the blockchain and provide negligible gas fees for minting and trading NFTs.
Immutable X's native token is IMX, and as of now, there are 2 billion IMX tokens in circulation, which are managed according to the ERC-20 standard. These IMX tokens can be used to pay transaction fees and provide rewards. Investors can also buy IMX tokens and stake them to receive rewards and vote on any governance-related decisions.
Bitcoin (BTC)
Bitcoin is the birthplace of cryptocurrencies and has caused much of the craze surrounding cryptocurrencies. Over the years, Bitcoin has shown resilience and has been able to withstand even the most negative news surrounding the entire cryptocurrency industry. While Bitcoin is currently facing crypto winter and downward pressure, it is expected to rise again.
Bitcoin has various uses, and countries like El Salvador even recognize Bitcoin as legal tender. Experts are optimistic that Bitcoin will rise again and return to previous price levels.
Ethereum (ETH)
Ethereum, the world’s second-largest cryptocurrency, is also included in this list for various reasons.
Ethereum has its own set of features that make it unique. Last year, Ethereum reduced the supply of Ethereum tokens, which currently stands at 122.2 million. This ensures that the network can handle more transactions per second, improves the scalability of the platform, and reduces transaction fees.
Ethereum has some advantages over Bitcoin because the network’s infrastructure can be used to build applications and is also the basis for other cryptocurrencies, promoting decentralized finance. In addition, most of the top NFT projects also use the Ethereum blockchain.
Ethereum has completed the most significant upgrade in its price history, transforming Ethereum into a Web 3-ready proof-of-stake mechanism with reduced energy consumption and increased security.
Ethereum is not just a currency, but a platform that provides additional features and acts as a facilitator. The current low price may be a good time for many to invest. We rank Ethereum as one of the best future cryptocurrencies.
Dogecoin (DOGE)
Dogecoin will forever be known as the cryptocurrency that started the meme trend. Even after its valuation plummeted last year, the meme coin has remained alive and kicking.
While Dogecoin has been questioned due to its lack of real-world applications and the entry of competitors (such as Bonk), DOGE is now accepted as a payment method by thousands of merchants, increasing its utility. In addition, it recently became the second largest proof-of-work coin after Bitcoin, a testament to its sustainability.
It remains to be seen how Dogecoin can add the needed utility. However, it has the support of a large community, which is an advantage for the cryptocurrency in the long run.
Universe (ATOM)
The Cosmos blockchain was developed with the sole goal of facilitating and improving the quality of communication between distributed ledgers without relying on centralized servers. The platform was quickly dubbed by its founders as the “internet of blockchains” and was designed to simplify transactions.
Universe enables efficient communication through an interconnected network of applications and services. This is achieved through a central hub, the Tendermint consensus algorithm, and the inter-blockchain communication protocol to ensure that blockchains can communicate securely.
It solves three major problems facing blockchain. First, the Cosmos SDK solves the problem of high gas fees. This is achieved through connections between blockchains, relying on smart contracts on different blockchains. Similarly, Cosmos also provides scalability through an interoperable model of shared communication and sustainable measures such as the PoS consensus algorithm, which reduces carbon emissions by 99%.
How to find the next cryptocurrency to break out in 2024?
Finding the next big thing in the cryptocurrency space is not easy. That’s why you should know the right places where you can look for the next big thing in the cryptocurrency space.
Social Media: Social media is often full of news and discussions about cryptocurrencies. This includes opinions and analysis from experts, updates about projects, and some theories and in-depth discussions between users. One of the best places to find information related to cryptocurrencies is Reddit and Twitter.
Focus on ICOs: Initial Coin Offerings (ICOs) are a way to ensure that most upcoming cryptocurrency projects are able to raise funds for their projects. ICOs can be a great way to get into cryptocurrency. However, one thing to note is that many ICOs are unregulated.
Latest Cryptocurrency News: Following the latest cryptocurrency news can be another great way to stay informed about cryptocurrencies that are about to break out. Information from reliable sources like Inside Bitcoin can be very useful in making your decision.
However, the final decision is up to you, your due diligence, and your tolerance for risk.
Where can you buy the next big cryptocurrency before it hits the market?
There are many cryptocurrency exchanges and brokers that offer a variety of features. However, for us, the platform that stands out the most is eToro.
eToro has been in the cryptocurrency space for decades. The platform has become one of the trusted sources for cryptocurrency-related transactions due to its extensive list of features, security, and the ability to diversify investments from the same platform.
The platform now has 25 million registered users. What makes these millions of users feel safe is eToro's highly regulated ecosystem. The platform is regulated by the FCA, ASIC, and CySEC. Cash funds on eToro are held in regulated US banks and are insured up to $250,000. It uses multiple layers of security to store cryptocurrencies, including hot and cold storage.
eToro has a minimum trade amount of $10 and charges a fixed 1% fee on each cryptocurrency trade. Its easy-to-use interface, extensive cryptocurrency list, and rich features make it an ideal cryptocurrency exchange for beginners and experts alike. Read our full eToro review.
Some of our top picks for the next cryptocurrencies to break out are not yet available on eToro, but are available on OKX – check out our full OKX review.
in conclusion
Cryptocurrency is not in the most bullish phase right now. Although the crypto winter seems to have slowed down, it has not disappeared. This has made many potential investors reconsider whether to enter and invest in cryptocurrencies.
However, this has been the same in many financial revolutions in the past. Cryptocurrency is not in the best shape right now, but seeing the dynamic development of new projects and a long-term attitude, it seems that the industry will soon find the right track, which will eventually lead to price increases.
Based on the available data, we can only predict which cryptocurrency may come out on top in the coming days. The final decision is up to you, your due diligence, and your tolerance for risk.
Pre-sales are one of the lowest risk, lowest price stages for any major “next big thing” cryptocurrency project before it goes public. In this guide, we review several of these projects, including Bitcoin Miner and Launchpad XYZ.
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FAQs about the next cryptocurrency boom
What cryptocurrencies are likely to explode right now?
There are some cryptocurrencies that may be able to prove themselves in the cryptocurrency market. However, there are some reasons to be bullish about Bitcoin miners because of its unique staking and mining basis.
What is the best source for finding the next big thing in cryptocurrency?
There are many sources for finding the next big thing in cryptocurrency this year. Some of them are looking for cryptocurrency-related information by looking for Reddit groups about cryptocurrency, social media, and news about initial coin offerings or token pre-sales. You can also refer to price and volume charts to get a better idea.
How to gain first-mover advantage before cryptocurrencies are listed?
To get a chance at unlisted cryptocurrencies, look for any token presales that are going on.
Where can I buy promising cryptocurrencies before they explode?
Whether you are a beginner or an expert, eToro is the best platform to invest in cryptocurrencies. With over 75 listed top cryptocurrencies and a flat fee of 1% per trade, you can start investing with eToro with a minimum investment of just $10.
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