Home Crypto 11 Next Cryptocurrencies to Explode in 2024

11 Next Cryptocurrencies to Explode in 2024

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The crypto market is looking extremely bullish right now, with investors preparing their portfolios for the next bull run and on the hunt to determine which crypto will explode next. With the Bitcoin halving event approaching, plus the potential for the first Bitcoin ETF approval from the SEC, 2024 is predicted to be a superb year for crypto asset valuations. 

In this guide, we evaluate what cryptocurrency could explode next. We cover 10+ projects that could generate significant returns in the coming weeks and months, so read on to find the next 100x projects. 

  • $PEPU is a layer-2 blockchain designed for Pepe memes.
  • Lower gas fees and faster transactions than other Pepe meme coins on the Ethereum layer-1
  • Staking rewards for presale buyers and holders
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • An AI and dog-themed memecoin on Ethereum
  • Presale tokens are staked an provide rewards during the presale
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • An upcoming play-to-earn game which combines Doge Memes with Tamagotchi-style game play
  • Stake your presale tokens and earn APR though the presale period and beyond
  • $PLAY is the in-game currency for transactions and unlocking special features
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • USDT
    USDT
  • Multi-chain functionality
  • Generous token allocation for community rewards
  • Full token audit published
Project Launched
June 2024
Purchase Methods
  • SOL
    SOL
  • ETH
    ETH
  • BNB
    BNB
  • MATIC
    MATIC
  • USDT
    USDT
  • +2 more
  • Established online casino with $50 million in monthly volume and 50,000 players
  • Daily rewards for $DICE stakers based on casino performance
  • $DICE holders eligible for 25% revenue share for referring new users to the platform
Project Launched
April 2024
Purchase Methods
  • SOL
    SOL
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • +1 more
  • New token with Learn to Earn (L2E) model with exclusive courses
  • Integration with BRC-20, opening the ability to build on top of the Bitcoin network
  • Stakers enjoy high staking rewards every Ethereum block
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • BNB
    BNB
  • Debit
    Debit
  • +1 more
  • A meme token with up to 257% in rewards
  • CEX listing and a play to earn game on the roadmap
  • Sponge V1 made 100x in 2023. Join V2 presale
Project Launched
December 2023
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Debit
    Debit
  • Innovative blockchain-based electric vehicles project
  • The eTukTuk prototype is scheduled to be revealed in the first phase
  • opBNB will be used in tandem with BNB for scalability and reduce costs
Project Launched
January 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • Debit
    Debit
  • +1 more
Table of Contents Table of Contents
    1. 1. PlayDoge (PLAY): Doge-themed play-to-earn meme coin offers up to 145% annual staking returns
    2. Pros
    3. Cons:
    4. 2. WienerAI (WAI): New AI-powered crypto trading meme coin offers high staking yield
    5. Pros
    6. Cons:
    7. 3. Sealana (SEAL): SOL-based meme coin has raised over $3M on presale
    8. Pros
    9. Cons:
    10. 4. Mega Dice Token (DICE): New GambleFi token with high passive rewards and a $2.25M airdrop
    11. Pros
    12. Cons
    13. 5. 99Bitcoins (99BTC): Learn-to-Earn cryptocurrency offers high staking rewards
    14. Pros
    15. Cons:
    16. 6. Sponge V2 (SPONGEV2): Meme coin transitioning from V1 to V2 through a stake-to-bridge model
    17. Pros
    18. Cons:
    19. 7. Solana (SOL): Gains of 113% in 1 month but still trading 78% below all-time highs   
    20. 8. Uniswap (UNI): Dominant market leader in the decentralized exchange industry trading at an 88% discount   
    21. 9. Chainlink (LINK): Helping dApps enter the Web 3.0 era by providing real-world data to smart contracts    
    22. 10. Arbitrum (ARB): Leading layer-2 solution for Ethereum-based projects trading at a 91% discount     
    1. Investing in brand new projects in the crypto space
    2. Buy established cryptos trading at discounts of 70% or more
    3. Explore tokens with strong price momentum and hype 
    1. Crypto ICOs
    2. CoinMarketCap for established projects trading at discounts 
    3. DexTools for trending projects 2ith strong price momentum
Table of Contents
    1. 1. PlayDoge (PLAY): Doge-themed play-to-earn meme coin offers up to 145% annual staking returns
    2. Pros
    3. Cons:
    4. 2. WienerAI (WAI): New AI-powered crypto trading meme coin offers high staking yield
    5. Pros
    6. Cons:
    7. 3. Sealana (SEAL): SOL-based meme coin has raised over $3M on presale
    8. Pros
    9. Cons:
    10. 4. Mega Dice Token (DICE): New GambleFi token with high passive rewards and a $2.25M airdrop
    11. Pros
    12. Cons
    13. 5. 99Bitcoins (99BTC): Learn-to-Earn cryptocurrency offers high staking rewards
    14. Pros
    15. Cons:
    16. 6. Sponge V2 (SPONGEV2): Meme coin transitioning from V1 to V2 through a stake-to-bridge model
    17. Pros
    18. Cons:
    19. 7. Solana (SOL): Gains of 113% in 1 month but still trading 78% below all-time highs   
    20. 8. Uniswap (UNI): Dominant market leader in the decentralized exchange industry trading at an 88% discount   
    21. 9. Chainlink (LINK): Helping dApps enter the Web 3.0 era by providing real-world data to smart contracts    
    22. 10. Arbitrum (ARB): Leading layer-2 solution for Ethereum-based projects trading at a 91% discount     
  1. Show Full Guide
    1. Investing in brand new projects in the crypto space
    2. Buy established cryptos trading at discounts of 70% or more
    3. Explore tokens with strong price momentum and hype 
    1. Crypto ICOs
    2. CoinMarketCap for established projects trading at discounts 
    3. DexTools for trending projects 2ith strong price momentum

Crypto that will explode – Our top 11 picks

Here are the potential cryptocurrency projects that might have the potential for significant growth in the future:

  1. PlayDoge (PLAY): Play-to-earn Doge-themed meme token has raised $2M within a week of presale. Get up to 145% staking rewards.
  2. WienerAI (WAI): A new meme coin offers an AI-powered crypto trading bot. Get 245% staking APY. $4.4 million raised on presale.
  3. Sealana (SEAL): Solana-based meme cryptocurrency based on a popular South Park character. $3M raised in presale.
  4. Mega Dice Token (DICE): New GambleFi token with high passive rewards and a $2.25 million airdrop.
  5. 99Bitcoins (99BTC): This is a new Learn to Earn platform that rewards users for increasing their crypto knowledge. Over $1.3M raised.
  6. Sponge V2 (SPONGEV2): An already successful 100x meme coin bridging tokens from V1 to V2 with an upcoming P2E racing game with 68%.
  7. eTukTuk (TUK): eTukTuk seeks to develop affordable, eco-friendly solutions for developing countries; over $3.4 million raised.
  8. Solana (SOL): This layer-1 blockchain supports lightning-fast transactions at a fraction of a cent. Solana has increased by 740% in a year.
  9. Uniswap (UNI): The leading DEX Uniswap has a market share of over 64%, and its price is up 66% from last year.
  10. Chainlink (LINK): Chainlink provides real-world data to blockchains through Oracles. LINK tokens are trading +13536.44% above all-time lows. 
  11. Arbitrum (ARB): Arbitrum can handle up to 40,000 transactions per second and super-low fees. ARB tokens are trading 38% below their prior peak. 

Our full analysis of the next cryptocurrencies to explode

We’ve selected 11 projects that could be behind the next crypto to explode. Read on to discover more about each project, including use cases, target markets, upside potential, risks, and what is the next big crypto.

1. PlayDoge (PLAY): Doge-themed play-to-earn meme coin offers up to 145% annual staking returns

We have picked PlayDoge ($PLAY) as the most likely coin to explode in 2024. This play-to-earn (P2E) meme coin offers in-game rewards, staking benefits and has already raised over $2 million in a week of its presale launch. 

PlayDoge’s P2E environment will introduce the iconic Doge meme as a playable avatar. Players can feed and train their Doge pets and use them within mini-games to win $PLAY as an in-game reward. Bringing back the 90s nostalgia, the P2E game will function as an 8-bit side-scrolling adventure game. 

playdoge presale widget
Source: PlayDoge

Thus, the exciting gameplay and stellar earning opportunities through the P2E mode could help the token price to explode post its exchange listing. Moreover, $PLAY also offers staking benefits. Currently, investors can stake their tokens and generate an annual yield as high as 145%. 

As more tokens are staked, the circulating supply will reduce, which could propel the token price as the demand increases. $PLAY has a total supply of 9.4 billion tokens, of which 6% will be offered through staking rewards. 

The current presale consists of 40 rounds, through which 50% of the token supply is being allocated. Currently, $PLAY is priced at just $0.00503 per token. Stay tuned for further project updates by joining the PlayDoge Telegram channel and following PlayDoge on X (Formerly Twitter)

Key Points

  • Get in-game rewards through a play-to-earn mode
  • Stake $PLAY and earn up to 145% annual yield
  • Over $2M raised within a week of the presale launch

Pros

  • Raised over $2M in a week of presale launch
  • Offers in-game rewards through its P2E mode
  • Get up to 145% staking APY

Cons:

  • P2E mode is yet to be launched
  • Doge meme tokens can offer volatile returns

2. WienerAI (WAI): New AI-powered crypto trading meme coin offers high staking yield

WienerAI ($WAI) is a groundbreaking meme cryptocurrency that leverages artificial intelligence to offer a crypto trading bot. Boasting the potential to explode in price, $WAI offers passive income through its staking mechanism and charges no trading fees. 

wienerAI presale widget
Source: WienerAI

$WAI token holders can access WienerAI’s crypto trading bot, which is beginner-friendly and offers instant help to your crypto-related queries. The AI bot uses predictive analysis to scan the crypto market for the best possible trades. WienerAI will also suggest the top decentralized exchanges that offer the best prices at the given time. 

Long-term investors can invest their $WAI holdings in the smart contract and generate passive income. At the time of writing, staking $ WAI can earn a 245% APY (Annual percentage yield). 

Over 4.2 billion tokens have already been staked on WienerAI. Interested crypto investors can buy $WAI through the ongoing presale for just $0.000714 per token. Since the presale started, WienerAI has raised over $4.4 million. 

From a total supply of 69 billion tokens, 20.7 billion are being offered through the presale stage. For more information, go through the WienerAI whitepaper and join the Telegram channel

Key Points

  • Access crypto trades from an AI-powered bot 
  • Get up to 245% staking APY
  • Raised over $4.4 million on presale 

Pros

  • Raised over $4.4 million on presale
  • Offers AI-powered trading strategies
  • Get up to 245% annual staking yield

Cons:

  • Highly volatile investment
  • Yet to launch most of its features

3. Sealana (SEAL): SOL-based meme coin has raised over $3M on presale

The next cryptocurrency boasting the potential to explode is $SEAL, the native token of Sealana. This is a new meme token built on the Solana blockchain. 

sealana presale widget
Source: Sealana

Sealana’s main illustration features a patriotic American Redneck seal, which is based on the popular South Park character, World of Warcraft Guy. In hopes of moving out of his mom’s basement, the seal decides to start trading cryptocurrencies. 

Sealana is a high-risk and potentially high-rewarding investment opportunity. It has launched at a time when Solana-based meme coins such as Popcat and Solama are in high-demand. With the rising popularity of meme tokens, Sealana could explode in price post its presale. 

To join the ongoing presale, transfer SOL tokens to Sealana’s wallet address – DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c. 

For every 1 SOL token invested, Sealana will airdrop 6,900 $SEAL tokens directly to your crypto wallets. In only a few days since the presale launched, Sealana has raised more than $3 million. For more information, join the Sealana Telegram channel and follow Sealana on X (Formerly Twitter)

Key Points

  • Sealana has raised $3 million since its presale launched
  • This hilarious meme token is built on the Solana blockchain
  • Get 6,900 $SEAL tokens for every 1 SOL invested in the presale 

Pros

  • Raised over $3 million in a few months of presale
  • Send to wallet style presale
  • Get 6,900 $SEAL tokens for 1 SOL invested

Cons:

  • High volatility with meme coins
  • No utility offered

Total TokensN/A
Tokens Available in ICON/A
BlockchainSolana
Token typeSPL
Minimum PurchaseN/A
Purchase WithSOL

4. Mega Dice Token (DICE): New GambleFi token with high passive rewards and a $2.25M airdrop

Mega Dice Token ($DICE) is another crypto that could explode in 2024. It combines two of the most popular trends right now: gaming and DeFi. The platform launched a presale for its native $DICE token, which is at the heart of the Mega Dice Casino.

$DICE token holders can get rewards like cashback, airdrops, and NFT bonuses. Mega Dice is already a successful casino with 50,000+ players and over $50 million in average monthly bets.

You can now $DICE tokens for $0.075 each at the time of writing. Moreover, if you invite your friends to invest, you can earn a 10% bonus on what they invest (with no upper limit).

mega dice presale widget
Source: Mega Dice Token

The platform offers 35% of its total supply of 420 million $DICE tokens in the ongoing presale. Other tokens like TG.Casino and Rollbit did really well when they first launched, and many traders think $DICE could do the same.

Mega Dice Casino also offers a massive $2.25 million token airdrop to its presale buyers over 3 seasons. Interested buyers can join the $DICE token Telegram channel and follow its X (formerly Twitter) handle for the most recent updates.

Key Points

  • Mega Dice raised over $1.3 million within a few months of its presale launch
  • Early buyers can participate in a $2.25 million presale
  • 35% of the total token supply is being offered through the presale

Pros

  • Strong presale launch: Raised over $1.3 Million since the presale began
  • Built on Solana: Can benefit from the efficiency and the hgih speed of the Solana blockchain

Cons

  • High volatility: New gambling coins can offer uncertain returns
Total Tokens420 Million
Tokens Available in ICO147 Million
BlockchainSolana
Token typeSPL
Minimum PurchaseN/A
Purchase WithSOL, ETH, BNB

5. 99Bitcoins (99BTC): Learn-to-Earn cryptocurrency offers high staking rewards

99Bitcoins (99BTC) is an online educational crypto platform that launched in 2010. Now, 99Bitcoins is leveraging blockchain technology to create a Learn2Earn crypto platform.

99bitcoins presale widget
Source: 99Bitcoins

99Bitcoins is creating an interactive crypto-based learning platform, where users can increase their knowledge, and earn $99BTC tokens as rewards. As users progress through the online curriculum and complete assessments and quizzes, they are rewarded with tokens. 

Those already holding $99BTC tokens can also access VIP groups and connect with like-minded individuals. You also get access to expert trading signals with 99Bitcoins. The $99BTC token can also be staked on a secure smart contract, to generate high annual yields. 

At the time of writing, you can get more than 800% APY (Annual percentage yield) by staking $99BTC tokens. Due to these use cases, 99Bitcoins could explode in the long-term.

Currently, 15% of the total 99 billion token supply is allocated for the ongoing presale. In only a week, the presale has raised over $1.9 million. The goal is to raise a hard cap of $11 million. For more information, go through the 99Bitcoins whitepaper and join the Telegram channel.

Key Points

  • 99Bitcoins offers $99BTC token rewards for increasing your crypto knowledge
  • The 99Bitcoins presale has raised over $1.9 million in a few months
  • Get more than 800% annual yield by staking $99BTC

Pros

  • $1.9M raised in a few months of presale
  • Get token rewards through this L2E crypto platform
  • High staking yields through the smart contract

Cons:

  • New crypto could offer uncertain returns
  • Most of the platform features are yet to launch

6. Sponge V2 (SPONGEV2): Meme coin transitioning from V1 to V2 through a stake-to-bridge model

The Sponge meme coin project was launched in May 2023, and within a week saw gains of 100x for early investors as its market cap rocketed from under $1m to $100m—it now sits at $16.5m with initial investors, according to Sponge’s page on CoinMarketCap, still up 461% at the time of writing.

As this project changes direction many believe that the addition of utility, with the upcoming V2—currently in presale—can help to get this coin listed on Binance, like other meme coins from late 2023 managed to do, e.g. BONK. Another thing that can help to drive this listing is the strong community of followers that has emerged around $SPONGE in its short existence. They can be found on Discord, Telegram, and Twitter.

sponge presale banner
Source: Sponge

Sponge utilizes a stake-to-bridge mechanism to migrate V1 token holders to the V2 token. Those who take part in the presale will follow the same process by purchasing V1 tokens. These tokens will then be automatically exchanged for V2 tokens and subsequently locked in a staking module. During this period, holders will earn a variable annual percentage yield (APY) until the token is released.

This is being done as the Sponge project changes direction and aims to give its meme coin utility. This will come in the form of a play-to-earn game, Sponge Racer, where users will use Sponge V2 to buy game credits, and then play to earn $SPONGEV2. There will also be a free version available for players to practice on.

This utility, Sponge’s listing on exchanges, and its proven ability to 100x mean it is one of the best cryptocurrencies to buy. For a Sponge v2 price prediction, it is recommended to read the Sponge whitepaper and visit the presale website.

Pros

  • Strong historical gains
  • Potential for future growth
  • Play-to-earn gaming

Cons:

  • Volatility
  • Uncertain Future

Total Tokens150 Billion
Tokens Available in ICON/A
BlockchainEthereum Network
Token typeERC-20
Minimum PurchaseNone
Purchase WithUSDT, ETH, Credit/Debit Card

7. Solana (SOL): Gains of 113% in 1 month but still trading 78% below all-time highs   

Solana is one of the best-performing cryptocurrencies right now. The so-called ‘Ethereum Killer’ has increased by 113% in the prior month alone. Over 12 months, Solana is up over 370%. That said, Solana is still trading 78% below its prior all-time high. Should Solana return to its peak of $260.06 – this offers a further upside of over 350%. 

Although Solana has solid price momentum, its fundamentals are even stronger. Its layer-1 blockchain supersedes most other networks; Solana can handle thousands of transactions per second. Fees cost a fraction of a cent, and the network is energy-efficient. Not only that, but block settlement times average just 400 milliseconds.

Solana price chart
Source

Most importantly, the Solana network supports smart contracts and dApps. This means it can support exchanges, liquidity pools, games, metaverses, and everything in between. However, most projects still prefer Ethereum – even though transaction fees are considerably more expensive. Therefore, Solana’s main focus now is to attract developers to its framework. 

Key Points

  • Gains of 113% and 370% in the prior 1 and 12 months, respectively 
  • Still trading 78% below its prior all-time high
  • Market-leading blockchain with high scalability and super-low transaction fees
  • Supports smart contracts and dApps

8. Uniswap (UNI): Dominant market leader in the decentralized exchange industry trading at an 88% discount   

Uniswap is not only one of the best decentralized exchanges in the cryptocurrency market, but it dominates the industry by a wide margin. According to CoinGecko, Uniswap has a 64.6% share of the DEX ecosystem. This is significant, considering over $3.3 billion was traded on decentralized exchanges in the prior 24 hours. 

Crucially, Uniswap is often the first exchange for newly launched ERC-20 tokens. With the broader markets increasingly bullish, we’re likely to see many more launches in the coming months. This will benefit Uniswap further, as it collects a 0.3% commission from all buy and sell orders. 

Uniswap price chart
Source

Moreover, Uniswap also supports other blockchain networks, increasing its scope. This includes the BNB Chain, Base, Arbitrum, Avalanche, and Polygon. The only way to gain exposure to Uniswap is via UNI tokens. Those buying UNI right now will secure an 88% discount, based on its prior all-time high

Key Points

  • 64.6% share of the decentralized exchange industry 
  • Self-sufficient revenue model – a 0.3% commission is collected on all orders
  • Supports cross-chain functionality – including the ERC-20 and BEP-20 standards
  • UNI tokens are currently trading at an 88% discount

Chainlink is another top-rated blockchain project that trades at a huge bear market discount. According to CoinMarketCap data, LINK tokens trade 71% below their prior all-time high. This offers great value, especially considering how innovative Chainlink’s ecosystem is. In a nutshell, Chainlink provides real-world data to smart contracts. 

It achieves this through Oracles, which ensures the provided data is accurate and without agenda. Most importantly, not only are Chainlink Oracles decentralized but they’re compatible with many different blockchain standards. And without any recognized competitors, Chainlink could be the next cryptocurrency to explode. 

Chainlink price chart
Source

We appreciate the fact that Chainlink facilitates communication between competing blockchain networks. Ethereum could retrieve real-world data and share it with the Solana network, among other use cases. Chainlink has experienced an impressive price increase of over 92% in the past month.

Key Points

  • Oracles provide real-world data to smart contracts
  • Enables competing blockchains to communicate with each other
  • Virtually no recognized competitors in the Oracle space
  • LINK tokens trade 71% below their prior all-time highs 

10. Arbitrum (ARB): Leading layer-2 solution for Ethereum-based projects trading at a 91% discount     

Although there are several layer-2 solutions worth monitoring, we’d argue that Arbitrum will dominate this space for a long time. According to CoinMarketCap, the Arbitrum ecosystem now hosts 246 projects, including Chainlink, Dai, Aave, the Graph, Render, and Decentraland. In contrast, Polygon and Optimism have attracted 219 and 79 projects, respectively. 

Arbitrum can handle up to 40,000 transactions per second and claims to be 10 times cheaper than the proprietary Ethereum network. Arbitrum is also faster, ensuring that ERC-20 projects avoid network overload. From an investment perspective, Arbitrum’s native token, ARB, is available at a considerable discount.

next cryptocurrencies to explode
Source

Launched in early 2023, ARB tokens are trading 91% below their prior highs. What’s more, Arbitrum has a market capitalization of just $1.3 billion. This offers plenty of upside potential when the next crypto bull run arrives in full force. ARB tokens are listed on most tier-one exchanges, including Binance, Kraken, and KuCoin. 

Key Points

  • Leading layer-2 solution for ERC-20 projects
  • High scalability, low fees, and super-fast transactions
  • Hosts more projects than Polygon and Optimism
  • ARB tokens now trade 91% below prior all-time highs  

Why do cryptocurrencies blow up?

Many factors can cause a cryptocurrency to explode. In some instances, parabolic price spikes are achieved in a very short period. This is often the case with new cryptocurrencies that can generate hype and FOMO from the get-go.

Another scenario is when the token is listed in a top-tier centralized exchange such as Binance or Coinbase.

A good example is Pepe, which increased by 7,000% in under three weeks after its April 2023 launch. Similarly, some of the best upcoming ICOs discussed today, such as WienerAI, Sealana and Sponge V2, show similar signs to Pepe.

Pepe price chart
Source

In addition to hype and FOMO, new cryptocurrencies generally have small market capitalizations. This means that prices can explode without needing a significant amount of buying pressure. In contrast, mega-cap projects like Bitcoin and Ethereum are valued at hundreds of billions of dollars so that growth will be a lot more organic. 

Some cryptocurrencies can explode over a much longer period. Although investors must be patient, the upside potential can be significant. For example, consider that you could have bought Solana at under $1 when it launched in 2020. If you held onto your Solana investment until it peaked in late 2021, you would have gained almost 26,000%.

How to discover the next cryptocurrency to explode

We’ll now discuss the most effective ways to discover the next best cryptocurrency projects. Follow these tips to build the ultimate crypto investment portfolio before the bull run arrives. 

Investing in brand new projects in the crypto space

Choosing a new crypto to buy can be a profitable yet risky strategy. This is especially the case when investing in an ICO project, as you buy tokens before being launched on exchanges. 

The upside potential can be life-changing, as new cryptocurrencies begin life with a small market capitalization. This is like investing in a small-cap energy stock before it explodes. Not all new projects will be successful, so it’s crucial to diversify your portfolio. 

Some of the best new cryptocurrency projects that we discovered include WienerAI and Sealana. These four projects give you exposure to multiple niches, including meme coins, Bitcoin mining, play-to-earn gaming, decentralized casinos, and the Web 3.0 era.

Once you’ve built a portfolio of new cryptocurrencies with small market capitalizations, it’s time to invest in discounted projects. By this, we mean established cryptocurrencies that are still trading at huge bear market discounts. 

Buy established cryptos trading at discounts of 70% or more

Look for projects with a solid long-term vision, a leading market share, and identifiable use cases. This criterion will enable you to ride the next bull run effectively, as investors typically favor projects with strong fundamentals. 

Let’s look at some examples to illustrate the point. 

  • Solana is a layer-1 blockchain that supersedes Ethereum. Not only in terms of fees but speed and scalability. Solana trades 78% below its all-time high. 
  • Uniswap, which has a 64% market share of the DEX industry, is trading 88% below its prior peak.
  • And then there’s Chainlink, Arbitrum, and Dogecoin, trading 71%, 91%, and 89% below their respective all-time highs.

If just one of the above projects returns to its 2021 highs, you’d be looking at growth of at least 270%.  

Explore tokens with strong price momentum and hype 

Overall, the most effective strategy is to focus on cryptocurrencies with solid long-term fundamentals with promising listings lined up such as new Coinbase listings. However, many investors in the crypto space target short-term gains. Even in the midst of a bear market, trending tokens can increase by 10-fold in the space of a week.

A strong, active community is also essential for crypto coins enjoying strong growth. The crypto landscape is constantly changing. Staying updated on the latest developments of the project is equally important.

  • If you can identify these projects toward the bottom of their trajectory, you could generate considerable gains without needing to remain in the market long-term. 
  • As we mentioned earlier, Pepe achieved 7,000% growth just 17 days after it launched. 
  • For every $1,000 invested, you’d be looking at gains of $70,000. 

Here’s an example of how it works; 

  • Investors see that a particular cryptocurrency has increased by 300% in the prior 48 hours. 
  • Not wanting to miss out, the investor buys the respective token. 
  • Similarly, other investors see that the token is now up 400% in the past 48 hours, so they also invest. 
  • This creates a domino effect, whereby hype and FOMO continue to attract new buying waves. 

This is how cryptocurrencies like Pepe can explode in such a short period of time. 

As explained by the FCA, investors should avoid relying exclusively on hype and FOMO. You should also consider other metrics, such as price momentum, market capitalization, the number of token holders, and whether the project actually has any use cases.  

Best places to discover next big cryptocurrency

The final piece of the puzzle is knowing where to find the next cryptocurrency to explode. 

Leading on from the above section, here’s where to look:

Crypto ICOs

To invest in new cryptocurrencies before they launch on exchanges, focus on upcoming ICOs. We’ve already mentioned PlayDoge and WienerAI.

These projects have raised millions of dollars between them, so they have successfully created hype. You can also check out ICO listing websites to find other upcoming launches. 

CoinMarketCap for established projects trading at discounts 

Next, you’ll want to use CoinMarketCap to find established cryptocurrencies that trade at huge bear market discounts. As we mentioned, Solana, Uniswap, Dogecoin, Chainlink, and Arbitrum are still available 71-91% below their all-time highs.

If CoinMarketCap is inaccessible, coingecko is a great alternative.

However, many other cryptocurrencies meet this criteria. Choose projects from various niches and with different market capitalizations. 

One of the best investment tools to find trending cryptocurrencies with strong price momentum is DexTools. This platform tracks over 10,000 decentralized exchanges and more than 2.2 million pairs. 

DEXTboard (March 2024)
Source

Check out the ‘Daily Gainers’ section to see which tokens are outperforming the market. The ‘Hot Pairs’ section is also useful, which shows the most trending tokens over the prior 24 hours. 

Don’t forget to use social media when searching for the next cryptocurrency to explode. Platforms like X (Formally Twitter) and Reddit are often the first places to create hype and FOMO. YouTube is also useful, as you can discover insights from experienced investors and analysts.  

Table comparison of the next cryptocurrencies to explode

ProjectTokenTotal SupplyChainInception
PlayDoge$PLAY9.4Binance Smart Chain2024
WienerAI$WAI69BEthereum2024
Sealana$SEALN/ASolana2024
Sponge V2$SPONGEV2150BEthereum2024
eTukTuk$TUK2BBinance Smart Chain2022
Uniswap$UNI1BEthereum2018
Solana$SOL570,708,200Solana2020
Chainlink$LINK1BEthereum2017
Arbitrum$ARB10BEthereum2021

Our verdict

We’ve explored the most effective ways to discover trending cryptocurrencies that could explode in the coming months. In addition to established cryptocurrencies trading at huge bear market discounts, we like ICO campaigns.

In particular, PlayDoge ($PLAY) is one of the top cryptos that could explode in value. This meme coin offers real value through its play-to-earn game, where players can earn in-game rewards. Token holders can further increase their returns by staking $PLAY on smart contracts.

Methodology

We examined each project based on current market trends, investors’ interest (including presales), and roadmap. Many new cryptocurrencies are launched every week. Determining which crypto coin will explode is challenging.

Nevertheless, we are using our market experience and knowledge to filter the best projects, which we expect to outperform in 2024.

FAQs

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References

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Kane Pepi
Crypto Writer

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