The cryptocurrency markets are often about timing; buy the right coin at the right time and significant gains can be made. A good example of this is Pepe – which increased by over 7,000% within three weeks of launching.
In this guide, we explore 15 coins that could be the next cryptocurrency to explode. Read on to find the next 100x cryptocurrency in 2023 August.
The Most Likely Crypto to Explode Next
According to analysts, one of the 15 coins listed below could be the next cryptocurrency to explode:
- Wall Street Memes (WSM) – Wall Street Memes has every chance of becoming the next cryptocurrency to explode. This cryptocurrency will appeal to presale investors; Wall Street Memes has raised over $25 million so far. It’s a meme coin project that has a huge following – its memes are viewed over 40 million times every month (including Twitter replies from Elon Musk). Wall Street Memes will be listed on tier-one exchanges after the presale, so the upside could be huge.
- Sonik (SONIK) – Sonik is a meme coin project based on Sonic the Hedgehog, the popular Sega video game. It is currently in presale, having raised nearly $740,000 so far. Sonik – which offers staking APYs of 93%, is aiming for a $100+ million market capitalization after its presale. This will yield gains of at least 24x should it come to fruition.
- Launchpad XYZ (LPX) – This newly launched cryptocurrency project is building an ecosystem for Web 3.0 investors. In addition to fractional real estate and AI-driven picks, Launchpad XYZ also offers access to exclusive NFT mints and private presale campaigns. Access to core projects requires LPX tokens, which are native to Launchpad XYZ. This project is also in presale – more than $1.5 million has been raised. Those investing today will receive a 20% bonus on their presale purchase.
- yPredict (YPRED) – yPredict is a Web 3.0 project that offers data insights and predictive models to cryptocurrency investors. This provides unparalleled insights that can help investors choose the best cryptocurrencies to buy. For instance, automated technical analysis, trading signals, and social sentiment metrics. yPredict sells its predictive models as a subscription, payable in YPRED. The yPredict presale is going strong, with nearly $3.7 million raised.
- Chimpzee (CHMPZ) – This project allows CHMPZ holders to earn passive income in many ways. From play-to-earn gaming and staking to dividend payments from NFT trading fees. Chimpzee donates a percentage of its proceeds to good causes, such as tree planting and endangered Elephants. The upside of this cryptocurrency could be huge, considering there is a lot of interest in sustainable investments. Presale investors are currently getting a 48% discount.
- Scorpion Casino (SCORP) – Crypto-centric gambling is a huge growth market, so Scorpion Casino is also worth considering. Its native casino token offers many benefits, such as staking rewards and generous bonuses. The Scorpion Casino presale offers perks too, such as an upside of almost 200% when investing in the current stage. Moreover, investors will receive a 40% bonus on their presale purchase – paid as casino credits. More than $900,000 has already been raised.
- eTukTuk (TUK) – eTukTuk is also one of our favorite projects that could explode after its presale. It’s a green initiative that is bringing electric tuk-tuks to emerging markets. This will help local drivers offer taxi services at a more affordable cost price, not to mention help reduce carbon emissions. Moreover, eTukTuk will help roll out EV charging stations and will promote local manufacturing practices. eTukTuk’s token, TUK, is available to buy today at a 40% discount.
- Basic Attention Token (BAT) – This cryptocurrency project has developed a privacy-focused web browser that is now used by over 50 million people. Backed by BAT tokens, Brave allows users to browse the internet without annoying ads and pop-ups. That said, those opting to view ads that are relevant to their interests will be rewarded in BAT tokens. While Brave already has a huge audience, BAT is currently valued at just under $270 million. This is 90% below its all-time high.
- Solana (SOL) – Solana is one of the fastest and most efficient blockchain networks. It also supports smart contracts and dApps, so has a huge target market at its disposal. From an investment perspective, SOL tokens offer an attractive upside. They are currently trading over 90% below their all-time high of $260. If Solana gets back to this price point, returns of 900% will be achieved.
- Chainlink (LINK) – Chainlink is powering the future of blockchains and smart contracts. It allows decentralized networks and dApps to obtain real-world information after reaching a consensus. This enables smart contracts to operate autonomously and execute commands based on real-time events. LINK is another top-rated cryptocurrency trading at huge bear market discounts. The tokens can now be bought 88% below previous all-time highs.
- SushiSwap (SUSHI) – SushiSwap is a decentralized exchange that supports multiple blockchain standards. This includes everything from Ethereum and Harmony to BitTorrent Chain, Binance Smart Chain, and Polygon. SushiSwap users can swap tokens across chains anonymously. They can also earn passive income via vaults and yield farming. The exchange’s native token, SUSHI, can now be bought at a bear market discount of 97%.
- Yearn.finance (YFI) – Yearn.finance is another cryptocurrency project involved in decentralized finance. Rather than focusing on token swaps, Yearn.finance specializes in yield vaults. Put otherwise, users can deposit their idle cryptocurrencies into Yearn.finance, and the platform will find the best APYs at any given time. Its native cryptocurrency, YFI, has a small supply of just 36,666 tokens. YFI is down 93% from its all-time high.
- The Sandbox (SAND) – This cryptocurrency project is a leading metaverse world. It offers users full control, enabling them to create games and experiences. Moreover, users can also buy virtual plots of land. Purchases are made in SAND tokens and are backed by NFTs. This provides landowners with full ownership rights, secured on the Ethereum blockchain. After peaking during the prior bull market, SAND tokens have since lost 96% of their value.
- Cosmos (ATOM) – Cosmos solved a major hindrance in the blockchain space – it enables two different networks to communicate with each other. For example, the Ethereum blockchain can share data with Solana, and Dogecoin with Bitcoin, etc. This is known as ‘blockchain interoperability’ and it serves a huge purpose in this industry. ATOM tokens back the project and they are currently trading at a bear market discount of 83%.
- Enjin Coin (ENJ) – Enjin is an innovative project that allows gaming developers to incorporate blockchain assets into their creations. Put simply, developers can add ‘play-to-earn’ concepts into their games, such as NFT and cryptocurrency rewards. Its ecosystem is backed by ENJ tokens, currently valued at just under $250 million. On the one hand, ENJ is up over 920% since launching in 2017. However, the tokens are trading almost 95% below their 2021 highs.
An In-depth Look at the Most Likely Next Cryptos to Explode
We’ve ranked 15 cryptocurrencies that have the potential to explode in the very near future. We will now analyze each cryptocurrency pick in great detail.
1. Wall Street Memes – The Next Cryptocurrency to Boom in 2023 [1 Million+ Community and Twitter Replies From Elon Musk]
In our view, Wall Street Memes is the next cryptocurrency to explode. We made direct comparisons with other cryptocurrencies that have exploded this year and found that Wall Street Memes share many characteristics. First and foremost, Wall Street Memes is a meme coin project with a huge online following.
It shares fun memes on social media, many of which have gone viral. This is because it has over 1 million followers across its socials, including Twitter. Every month, its memes are viewed over 40 million times. Most memes are related to anti-Wall Street concepts, similar to WallStreetBets.
We discovered that at least two of its memes have been commented on by Elon Musk – the Twitter and Tesla CEO with over 154 million subscribers. For example, in April 2023, Wall Street Memes shared a video of Elon Musk giving an early interview on CNBC. Not only was the Tweet viewed over 2.4 million times, but Musk himself replied with a laughing emoji.
While at first glance this might not seem significant, in the cryptocurrency arena it is. After all, most cryptocurrency projects can only dream of being recognized by one of the world’s richest and most influential people. Crucially, although Wall Street Memes doesn’t currently trade on exchanges – it already has a global audience.
Currently, Wall Street Memes is raising funds via its presale campaign. The presale has been a monumental success, already raising $25 million. It will likely hit its hard cap target of $30.5 million in the coming days. Moreover, Wall Street Memes has already secured tier-one exchange listings. The specific exchanges will be announced in due course.
However, although there is unprecedented hype surrounding Wall Street Memes – consider the risks. This is a meme coin project at heart, so its future price potential will be based on speculation, hype, and irrationality. Nonetheless, if you’re looking to invest in the Wall Street Memes presale, you’ll currently pay just $0.0337 per token. Credit cards, ETH, USDT, and BNB are accepted.
| Hard Cap | $30,577,000 |
| Total Tokens | 2,000,000,000 |
| Tokens available in presale | 1,000,000,000 |
| Blockchain | Ethereum Network |
| Token type | ERC-20 |
| Minimum Purchase | 100 WSM |
| Purchase with | USDT, ETH, BNB, Bank Card |
2. Sonik – High-Risk Meme Coin With the Potential to Explode [35% of the Presale Hard Cap Reached in a Week)
Inspired by Sonic the Hedgehog, Sonik has every chance of exploding after its presale campaign. In fact, while the presale has been active for just over a week, it’s already raised more than $740,000. This represents 35% of its hard cap target of just over $2 million.
So why could Sonik be the next cryptocurrency to explode? Well, meme coins like Sonik are super-hot right now, with many examples of character-based projects producing huge gains. For example, we mentioned earlier that Pepe grew by 7,000% after launching in April 2023. Then there’s Pepe 2.0, which is also based on the Pepe the Frog meme.
Pepe 2.0 launched in late June 2023 and just over a week later, had already produced growth of over 5,000%. Just like many analysts, we believe that Sonik could witness the same trajectory. In addition to price appreciation, investors might also like Sonik for its staking rewards. APYs of 93% are currently available (subject to change).
That being said, Sonik tokens do not have any other use cases. Investors should consider this when conducting their investment thesis. Moreover, Sonik will list on exchanges with a market capitalization of about $4 million. As such, presale investors should expect lots of volatility and potentially, liquidity issues.
On the flip side, a market capitalization of just $4 million gives Sonik the tools it needs to explode. In fact, Sonik aims to hit a market capitalization of $100 million after the presale. This means potential gains of about 25x. You can invest in the Sonik presale with ETH or USDT. You’ll pay just $0.000014 per token.
| Hard Cap | $2,098,547 |
| Total Tokens | 299,792,458,000 |
| Tokens available in presale | 149,286,229,000 |
| Blockchain | Ethereum Network |
| Token type | ERC-20 |
| Minimum Purchase | N/A |
| Purchase with | USDT, ETH |
3. Launchpad XYZ – Revealing the Secrets of Web 3.0 Crypto Trading to Consumers [Ongoing Presale has Raised Over $1.5 Million]
Launchpad XYZ aims to become the de-facto platform for Web 3.0 crypto trading insights. It’s aimed specifically at consumers and casual investors who need help finding the next cryptocurrency to explode. It combines years of trading and analysis experience with AI and machine learning tools. The result? It has a knack for finding crypto gems that go on to ‘moon’.
For example, this month alone, Launchpad XYZ tipped Echoes at 10x and Elon 2.0 at 29x. These trading recommendations were posted to the Launchpad XYZ Telegram channel. While access to the channel is only available to NFT holders, prices start at just $50. Plus, each Launchpad XYZ NFT is unique and can be traded on its decentralized exchange.
There are more expensive NFTs available that come with additional features. For example, unfettered access to its AI-driven insights and entry to the VIP Telegram channel. The latter offers cryptocurrency recommendations before the basic channel, so members have a first-mover advantage.
What’s more, Launchpad XYZ will assist members who want to access stores of value, such as fine art or real estate. It splits purchases into small units so that investments of a few dollars can be made. It will also offer exclusive access to play-to-earn games before they are launched. These unique features have helped Launchpad XYZ raise over $1.5 million in presale funding.
| Presale Started | April 2023 |
| Purchase Methods | USDT, ETH, Transak |
| Chain | Polygon |
| Hard Cap | $12.5 million |
| Min Investment | None |
| Max Investment | None |
4. yPredict – Solid Utility Token Offering Access to AI Predictive Models and Trading Signals
yPredict will appeal to investors who prefer cryptocurrencies with a solid utility. Its native utility token, YPRED, has an identifiable use case. In a nutshell, YPRED is a payment currency that offers access to AI-backed predictive models and trading signals. These are created by experienced data scientists and launched on the yPredict marketplace.
For example, a predictive model that finds trending cryptocurrencies before they explode, based on technical signals and social sentiment metrics. There is a systematic backtesting process in place, as all models are tested by the yPredict DAO before being approved. After a stringent testing phase, the predictive model will be launched and yPredict users can subscribe.
Each model will have its own pricing structure, set by the respective developer. What’s more, yPredict offers an attractive proposition for YPRED investors. By staking YPRED, you’ll earn a share of subscription fees generated on its marketplace. This allows you to gain direct exposure to the future success of yPredict.
We also like that yPredict will expand into other areas, such as healthcare and human resources. This will open the doors to a much larger market outside of cryptocurrency trading. The yPredict presale is currently in stage 7. There is a 20% discount available, as the current and listing prices are $0.10 and $0.12, respectively. Almost $3.7 million has already been raised.
| Presale Started | February 2023 |
| Purchase Methods | ETH, MATIC, USDT, BNB, Card |
| Chain | Polygon |
| Hard Cap | $6,507,511 |
| Min Investment | 200 $YPRED |
| Max Investment | None |
5. Chimpzee – Socially Responsible Cryptocurrency Project Making the World a Better Place
In the socially responsible investment space, Chimpzee continues to trend. This is one of the few projects that is looking to make the world a better place while ensuring that token holders are adequately rewarded. In other words, investors can gain exposure to an environmentally friendly and sustainable project, while still targeting significant gains.
In a nutshell, the Chimpzee ecosystem comprises various products and services – all available to NFT passport holders. For example, holders can access the Chimpzee play-to-earn game to earn CHMPZ tokens. Moreover, NFT passport holders can stake their CHMPZ tokens for generous rewards. Depending on the NFT passport purchases, APYs of up to 20% are available.
Additionally, any CHMPZ tokens used to buy an NFT passport will be burned and removed from the circulating supply. We also like that Chimpzee is building an NFT marketplace. This allows holders to trade their NFT passports in fair market conditions. Trading fees will be split between current holders, offering additional rewards.
In terms of its socially responsible causes, Chimpzee is already making headways. It’s engaged in charitable efforts and global activism on a range of causes, such as saving endangered animals. It recently donated funds to the WILD Foundation to help protect endangered elephants. The CHMPZ presale has raised nearly $1.3 million and currently, a 48% discount is available.
| Token symbol | CHMPZ |
| Total supply | 200 Billion |
| Presale supply | 40 Billion |
| Network | Ethereum (ERC20) |
| Purchase methods | ETH, USDT, Credit Card |
6. Scorpion Casino – Newly Launched Crypto Casino Backed by a Solid Utility Token [66% Presale Discount]
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 $0.017 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.
This means today, you’ll get a 66% discount. 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.
In other words, people have a reason to buy SCORP tokens, as they can be used to gamble in a decentralized environment. Scorpion Casino has also proven its legitimacy, as it holds a fully-fledged Curacao eGaming license. The team behind Scorpion Casino has also gone through a KYC process with Assure DeFi and the project’s smart contract has been audited by SolidProof.
| Token symbol | SCORP |
| Presale supply | 200,000,000 SCORP |
| Token type | BEP-20 |
| Payment methods | ETH, USDT, BNB |
| Listing price | $0.05 |
7. eTukTuk – Bridging the Gap Between Sustainable Transportation, TukTuks, and the Blockchain Ecosystem
eTukTuk is another top-rated cryptocurrency project that will appeal to sustainable investors. In basic terms, the project is bridging the gap between sustainable transportation and tuk-tuk vehicles. Blockchain technology, alongside its native TUK tokens, will also help facilitate this goal.
Based in Sri Lanka, the project is building a network of electric-powered tuk-tuks. It will initially focus on the domestic market before expanding into other Asian and African countries. Its tuk-tuks are being manufactured with sustainability in mind, with a strong focus on local materials.
Make no mistake about it – the tuk-tuk market is huge. In Colombo, Sri Lanka alone – there are more than 1.2 million registered tuk-tuks on the road. Millions more exist in other major cities, including Bangkok, Delhi, and Lagos. According to eTukTuk, its EV vehicles are more cost-effective than conventional tuk-tuks.
This will be a major selling point for the project. Moreover, eTukTuk vehicles are compliant with standard EV charging stations, so they will have a ready-made network. TUK tokens, operating on the Binance Smart Chain, can be used for payment and staking rewards. Investors can buy TUK tokens for exposure to the project – the recently launched presale is offering a 40% discount.
| Token symbol | TUK |
| Presale supply | 200,000,000 TUK |
| Token type | BEP-20 |
| Payment methods | ETH, BNB, USDC, USDT, ADA |
| Listing price | Not stated |
8. Basic Attention Token – Privacy-Focused Web Browser With Over 50 Million Users
Basic Attention Token, or BAT, is the native cryptocurrency of Brave. This is a privacy-focused web browser that is used by over 50 million people. The Brave browser is not only faster than Chrome, but users can easily block ads and pop-ups. That said, Brave gives users the option of viewing ads that are aligned with their interests.
And in doing so, users are rewarded in BAT tokens for each ad that they view. This concept also appeals to advertisers. After all, they can ensure that their ads are only shown to relevant audiences. This increases the use case for BAT tokens. Moreover, BAT tokens are potentially undervalued, meaning they could be the next cryptocurrency to explode.
For example, at $0.18 per BAT, this translates to a market capitalization of just under $270 million. In contrast, BAT was previously priced at $1.92 during the prior bull market. As such, BAT can now be purchased at a 90% discount. BAT tokens are listed on eToro, a regulated broker that offers fee-free USD deposits.
Note: Just like BAT, the remaining cryptocurrencies that we will discuss can be bought on eToro. We rank eToro highly for its heavily regulated status and super-low fees.
9. Solana – Lightning-Fast and Scalable Blockchain for Smart Contracts and dApps.
Although Solana already has a market capitalization of almost $9 billion, it has every chance of being the next cryptocurrency to explode. Not only does Solana have some of the best fundamentals in the cryptocurrency industry, but it’s trading significantly below its true market value. For example, Solana is currently priced at just over $21 per token.
This is more than 90% below the all-time high it hit in November 2021. To no fault of its own, Solana is another victim of bearish market cycles. The good news is that by buying Solana at current prices, there is an attractive upside on offer. In fact, a return to the $260 price point will generate gains of over 900%.
The fundamentals speak for themselves – Solana is one of the fastest and most efficient blockchains around. It can handle tens of thousands of transactions each second. And transacting parties pay just $0.00025 on each transfer. As such, Solana could sit at the heart of decentralized finance in the future. Crucially, Solana also supports smart contracts.
10. Chainlink – Powering the Future of Blockchains and Smart Contracts With Real-World Data
Chainlink solves a major issue with early-stage smart contracts – they couldn’t extract data from the real-world. These restrictions meant that smart contract use cases were limited. Through Chainlink Oracles, Ethereum-based smart contracts can now communicate with real-world data.
The possibilities are endless, as the blockchain arena can now serve traditional industries, such as insurance and banking. For example, consider a global shipping company that takes out insurance via the blockchain. If the cargo shipment is delayed, the smart contract can obtain this information in real-time from reliable sources.
The smart contract can then release the insurance payout to the shipping company. All of this can be achieved autonomously, without any manual input. In order to use Chainlink, blockchain networks must pay fees in its native token, LINK. This is another cheap cryptocurrency based on current prices – LINK is trading 88% below all-time highs.
11. SushiSwap – Invest in the Future of Decentralized Finance at a 97% Discount
SushiSwap is a decentralized exchange built on the Ethereum blockchain. In simple terms, it enables traders to swap cryptocurrency tokens without going through an intermediary (like a centralized exchange). Without a middleman in place, SushiSwap supports anonymous trading via liquidity pools.
The process is not only private, secure, and cost-effective – but fast. Traders simply need to connect their wallet to Sushi and decide which tokens to swap. Best of all, unlike centralized exchanges, SushiSwap never holds user tokens. On the contrary, all transactions are conducted via decentralized smart contracts.
SushiSwap also supports yield farming and vaults, allowing users to earn passive income. What’s more, SushiSwap supports more than a dozen blockchain networks. This enables users to swap tokens across two different network standards (e.g. Ethereum to Binance Smart Chain). The exchange’s native token, SUSHI, is trading at a huge discount of 97% from previous highs.
12. Yearn.finance – Decentralized Finance Ecosystem Specializing in Yield Vaults
Yearn.finance is another top-rated cryptocurrency from the decentralized finance niche. It specializes in ‘yield vaults’, which enable users to earn passive income. Users deposit funds into a vault and Yearn.finance will locate the best APYs. As a decentralized platform, Yearn.finance does not have access to user-owned cryptocurrencies.
Some of the most popular yield vaults right now are Dai and USD Coin, which are offering APYs of 3.86% and 2.69%, respectively. There are also vaults with APYs of over 100%, but liquidity is low. Yearn.finance supports cryptocurrencies on four network standards – Ethereum, Fantom, Optimism, and Arbitrum.
Yearn.finance is backed by YFI tokens. The total supply of YFI is just 36,666 tokens and all are in circulation. Currently priced at just over $5,700, YFI has a small market capitalization of $188 million. This price point represents a bear market discount of almost 94%.
13. The Sandbox – Popular Metaverse Project Support Virtual Real Estate Ownership
The Sandbox is an established metaverse project built on top of the Ethereum blockchain. Users enter the metaverse with their own unique avatar, which can be fully customized. The Sandbox allows users to create and play games, not to mention explore limitless worlds.
The Sandbox also enables users to buy virtual plots of metaverse land. This was a hugely popular concept during the prior bull market, with some land parcels selling for 7 figures. Landowners can also build real estate projects on their land, and back their investments by an Ethereum NFT.
Land NFTs can then be traded on the Sandbox marketplace. SAND tokens are required to buy and sell land. They are also required to buy in-game assets, such as avatar apparel and upgrades. SAND is another cryptocurrency that peaked during the prior bull market, hitting highs of $8.44 in November 2021. SAND has since declined by over 96%.
14. Cosmos – Bridging Competing Blockchains Together Through Interoperability
Cosmos operates in a very unique market – it enables competing blockchains to ‘talk’ to each other. This is known as blockchain interoperability and it opens up a world of possibilities. For example, suppose you’re currently holding USDT tokens, which are built on the Ethereum blockchain. You want to invest in a new Solana project, which requires SOL tokens.
Ordinarily, you would need to sell your ETH tokens for SOL before completing the process. But with Cosmos’s Inter-Blockchain Communication protocol, you’d be able to complete the process directly. Almost 250 apps and services have connected to Cosmos, showing that there’s a solid market for its product.
ATOM, the project’s native token, is the glue that holds everything together. ATOM tokens were launched in 2019 at $6.60. They hit all-time highs of $44.70 in late 2021. But like many top-rated altcoins, ATOM tokens are now trading at a fraction of their former highs. Currently, you can buy ATOM at a discount of 83%.
15. Enjin Coin – Blockchain Project Allowing Developers to Add Play-to-Earn Elements Into Their Games
Enjin Coin is a blockchain project aimed at traditional gaming developers who want to incorporate play-to-earn elements. For example, suppose a game allows users to collect virtual items, like a sword or potion. With Enjin, these in-game assets can be backed by NFTs. This means that the player owns the asset.
It also enables gamers to trade their in-game assets on NFT marketplaces. What’s more, Enjin also allows players to earn cryptocurrency rewards. These are settled in ENJ, which is native to the Enjin ecosystem. Enjin, which operates on the Ethereum network, is up over 920% since it was launched in 2017.
However, it’s currently trading at a huge bear market discount of nearly 95%. Moreover, its market capitalization stands at just $250 million, so there’s plenty of upside to target. There is growing interest in Enjin Coin, as trading volumes are up almost 40% in the prior 24 hours.
What Causes a Cryptocurrency to Explode in Price?
There are many factors that can cause a cryptocurrency to explode. Oftentimes, this is achieved in a short period of time. As we mentioned earlier, it took just three weeks for Pepe to increase by 7,000%. That’s returns of $7,000 for every $100 invested.
Understanding the underlying factors can help you find the next cryptocurrency to explode.
Positive News and Developments
The fundamentals of a cryptocurrency can have a hugely positive impact on its value. In other words, if a positive news story breaks about a particular project, it can motivate investors to buy the respective cryptocurrency.
- Ripple is a good example of this.
- Ripple had been in a legal battle with the SEC for over three years.
- The SEC claimed that Ripple has sold unregistered securities to investors, via XRP tokens.
- In July 2023, the courts ruled in favor of Ripple.
- The result? Ripple went on to generate gains of 70% within 24 hours of the news being announced.
This shows that investors should keep abreast of key news developments when searching for the next cryptocurrency to explode. It’s worth checking the news at least once a day to assess key market updates.
If the news is reported by a mainstream publisher, such as Bloomberg or the Wall Street Journal, even better. After all, this will ensure that the positive news is broadcast to a wide audience, rather than just the cryptocurrency community itself.
Adoption by a Major Company
Cryptocurrencies are still an emerging asset class. So when a cryptocurrency is adopted by a major company, this is big news for the industry as a whole.
- For example, in February 2021, Tesla announced that it would be investing $1.5 billion in Bitcoin.
- As one of the largest companies globally, this naturally caught the attention of the broader markets.
- In fact, prior to the news, Bitcoin was priced at $39,000.
- Within a couple of days, Bitcoin had increased to over $48,000. This represents growth of over 28%.
While not overly significant in cryptocurrency terms, the news also resulted in altcoins increasing.
Hype and FOMO
Outside of the fundamentals, hype and FOMO (fear of missing out) play a major role in the cryptocurrency markets. These metrics alone can result in a cryptocurrency exploding by 100x or more. Hype is created in many ways, but often through social media channels. For example, Tweets, Reddit posts, and Telegram groups.
Either way, the more people that know about a cryptocurrency, the better chance it has of exploding. And, as more people see that the cryptocurrency is increasing in value, this encourages new investors to enter the market. This speculative approach to cryptocurrencies can yield unprecedented gains. But it can also result in substantial losses.
Nonetheless, Shiba Inu is a good example of how hype can create FOMO, and subsequently huge profits for investors.
According to CoinMarketCap, Shiba Inu was initially priced at just $0.000000001009. After its launch in March 2021, Shiba Inu attracted significant interest in the cryptocurrency community. 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 2023.
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.
- For example, the Sonik presale will raise a little over $2 million from investors.
- It’s selling 50% of its token supply during the presale, so will have a market capitalization of just over $4 million.
- Consider the impact of Sonik increasing by 25x after its presale – it would have a market capitalization of just $100 million.
- This is still considered low, meaning there could be room for a lot more growth.
Now 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.
Therefore, realistically, 25x gains are a lot more likely with a small-cap project like Sonik than with a large-cap.
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. Wall Street Memes caught our eye the most, as its ongoing presale has raised more than $25 million from investors. This is even more impressive when you consider we are still in a bearish cycle. Moreover, Wall Street Memes already has a strong following that continues to grow.
For example, it has a community of over 1 million people, translating to over 40 million meme-views every month. Additionally, Wall Street Memes has caught the attention of Elon Musk – with the Twitter CEO commenting on its memes at least twice. In fact, when Musk replied to this Wall Street Memes Tweet, it was viewed over 1.1 million times.
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. For example, yPredict has raised nearly $3.7 from investors. While Launchpad XYZ has raised over $1.5 million.
Innovative Products or Services
Just like stock growth investors, it can pay off to focus on cryptocurrencies that offer a unique product or service. This should offer a solution to a real-world problem. For example, those who foresaw the future of electric vehicles would have invested in Tesla stock in 2010. While risky at the time, Tesla increased by nearly 20,000% since its 2010 IPO.
We followed the same concept when researching the next cryptocurrency to explode.
- For example, we particularly like the innovation of eTukTuk – which is the best new cryptocurrency to consider today.
- This project offers a real-world solution to tuk-tuk drivers who want to reduce their operating costs.
- Its electric tuk-tuks are affordable – both in terms of the purchase price and charging.
- Moreover, eTukTuk will appeal to environmentally conscious investors, considering that its tuk-tuks reduce carbon emissions.
- We also like that eTukTuk is a presale project, meaning investors can gain exposure from the ground up.
Just remember that while a project might be working on a real-world solution to existing problems, there is no knowing if it will achieve its goals. Always take the claims made by a cryptocurrency project with skepticism. Perform as much research into the project as you can to give yourself the best chance of success.
Where to Find High-Potential Cryptos
Key Takeaways When Searching for the Next Crypto to Blow up
- First, check out presale listing websites and exchange launchpads. This will give you information on the hottest presales that are either ongoing or about to start.
- Next, check out DexTools. This will show you trending cryptocurrencies that trade on decentralized exchanges.
- To find the best new cryptocurrencies, visit CoinMarketCap. The ‘Recently Added’ section will show you the latest cryptocurrencies to be listed.
- Reddit should also be on your radar when searching for the next cryptocurrency to explode. Check out relevant and active subreddits like r/SatoshiStreetBets and r/CryptoCurrency.
- We’d also suggest checking out popular influencers and analysts on YouTube. For example, Ivan on Tech and Jacob Bury.
- Crucially, these methods should not be used exclusively. While they can point you in the right direction, you’ll need to do your own research to verify the investment thesis.
We’ve now explained our methodology for finding the next cryptocurrency to explode. Next, you’ll need to know where to look when building a portfolio of high-potential cryptocurrencies.
Here are some pointers on where to discover the most promising cryptocurrency projects for 2023.
Presale Listing Websites and Exchange Launchpads
If you’re looking for the next cryptocurrency to explode and want to focus on newly launched projects, there are several methods you can use.
First, there are third-party websites that list upcoming presales (also known as initial coin offerings or ICOs). These websites provide information on new launches and often include pricing information and links to its whitepaper. You can then do some research on the project and decide whether it aligns with your financial goals.
While most presales are run directly on the project’s website, some use exchange launchpads. For example, KuCoin’s Spotlight dashboard offers access to new cryptocurrencies before they are listed on its primary exchange. Binance’s Launchpad offers a similar service.
- Another option is to look at specialist launchpad platforms, such as DAO Maker, Polkastarter, and Seedify.
- These are similar to KuCoin Spotlight and Binance Launchpad, as they help new cryptocurrencies with their presale campaigns.
- However, the drawback is that these launchpads often require investors to ‘vest’ their tokens.
- This means that investors won’t be able to sell their presale tokens until a specified timeframe has passed – often several months.
Instead, we prefer direct presales like Wall Street Memes, Sonik, and Launchpad XYZ. There are no vesting requirements with these presales, so investors can sell their tokens wherever they want (after the exchange listing).
DexTools Daily Gainers and Hot Pairs
DexTools is also a great option when searching for the next best cryptocurrency to explode. This platform is a data aggregation website for decentralized exchanges. In other words, it’s similar to CoinMarketCap but focuses on cryptocurrencies that trade on DEXs like Uniswap and SushiSwap.
As such, DexTools offers insights into smaller cryptocurrencies that are currently trending. For example, you can sort cryptocurrencies by the biggest gains made in the previous day. Right now, we can see that BEPE and RYOSHI are up 457% and 227%, respectively.
You can then click on the respective cryptocurrency to extract more information. For example, its trading volume over the prior 24 hours and current market capitalization. You will also find links to the project’s website, enabling you to perform additional research.
We also analyze the ‘Hot Pairs’ section on DexTools. While this doesn’t look at price action or volume, it highlights the platform’s ‘most visited’ pairs in the past 24 hours. This is hugely valuable, as you can discover trending coins that are receiving a lot of interest from the broader cryptocurrency community.
As always, never rely exclusively on DexTools. Instead, use it as a base for performing your own research.
Recently Added Cryptocurrencies on CoinMarketCap
Once a new cryptocurrency completes its presale, it will be listed on an exchange. This allows traders to buy or sell the cryptocurrency in live market conditions. This is often the best time to invest in a new cryptocurrency if you missed out on its presale.
The best way to locate these cryptocurrencies is on CoinMarketCap. This is because the majority of newly launched cryptocurrencies will apply for a CoinMarketCap listing for increased exposure. On the CoinMarketCap website, hover your mouse over ‘Cryptocurrencies’ and click on ‘Recently Added’.
This will show you the 30 most recent cryptocurrencies added to CoinMarketCap. You’ll be able to see the cryptocurrency’s increase or decrease in the prior 1 and 24 hours. If the cryptocurrency is already producing solid gains, it could be worth riding the wave.
If you take this strategy, it’s crucial to set up a stop-loss order. This will protect you from losing too much if the cryptocurrency begins to decline. Moreover, it’s crucial to consider the project’s recent trading volume before investing. Some new cryptocurrencies only attract a few thousand dollars in volume, meaning you’ll struggle to find a buyer when it’s time to sell.
Look for Trending Cryptocurrencies on Reddit
The Reddit community is home to millions of cryptocurrency investors, researchers, and general enthusiasts. While it’s also a hotbed for scam projects to market their respective tokens, Reddit can be useful in finding the next cryptocurrency to explode. There are several ways that you can separate the good from the bad.
First, focus on the right subreddits for your objectives. For instance, if you’re looking to target significant gains and are prepared to take on more risk, check out r/SatoshiStreetBets. This subreddit aims to find the next 100x cryptocurrency gems. It has over 736,000 members and plenty of active users.
If you’re looking for general news discussions and analysis, check out r/CryptoCurrency. With over 6.7 million members, this subreddit focuses on more established projects. Nonetheless, it offers great insights into both fundamental and technical data. Moreover, posts usually attract hundreds of comments, so it’s super active.
Follow YouTube Influencers and Analysts
YouTube is another proven way to find the next cryptocurrency to explode. You have several options in this regard, depending on your specific goals.
For example, if you’re looking for an in-depth analysis of established cryptocurrencies, check out Ivan on Tech. This YouTube channel has over 500,000 subscribers and covers a wide range of topics linked to cryptocurrency trends, price analysis, and education.
However, if you’re looking for tips on the best presales and newly launched cryptocurrencies, check out Jacob Bury. This YouTube channel continues to trend with growth investors, as Bury has predicted several cryptocurrencies that have gone on to explode.
One of Bury’s most successful recommendations was Lucky Block. In a nutshell, Lucky Block grew by over 60x after its presale had concluded. Bury was one of the first YouTube influencers to recommend the casino-centric project.
Jacob Bury is currently recommending Wall Street Memes to his subscribers. This further supports our thesis that Wall Street Memes could be the next cryptocurrency to explode. Not only because of Bury’s recommendation, but its 1 million+ community, replies from Elon Musk on Twitter, and $25 million+ in presale funding.
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 Wall Street Memes is primed for substantial growth in the coming months. This meme coin project has raised over $25 million in presale funding – so it’s about to hit its hard cap target.
Moreover, Wall Street Memes has a huge community of over 1 million people – plus its memes have been commented on by Elon Musk. After doing your own research, check out the presale before it sells out.
References
https://coinmarketcap.com/currencies/pepe/
https://twitter.com/elonmusk/status/1649784663924244482
https://coinmarketcap.com/currencies/pepe-2-0/
https://www.latimes.com/politics/la-na-pol-pepe-the-frog-hate-symbol-20161011-snap-htmlstory.html
https://www.curacao-egaming.com/
https://www.swift.com/your-needs/financial-crime-cyber-security/know-your-customer-kyc/kyc-process
https://coinmarketcap.com/currencies/basic-attention-token/
https://coinmarketcap.com/currencies/solana/
https://coinmarketcap.com/currencies/chainlink/
https://coinmarketcap.com/currencies/sushiswap/
https://coinmarketcap.com/currencies/the-sandbox/
https://coinmarketcap.com/currencies/cosmos/
https://coinmarketcap.com/currencies/enjin-coin/
https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html
https://coinmarketcap.com/currencies/shiba-inu/
https://coinmarketcap.com/currencies/bitcoin/
https://twitter.com/elonmusk/status/1636924379086077954
https://www.youtube.com/channel/UCrYmtJBtLdtm2ov84ulV-yg
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