This guide introduces you to the next cryptocurrency to explode in 2024. Crypto experts and analysts believe these coins will have the highest growth potential this year. They have proved their resilience and obedience to market trends. Their networks also underwent massive growth throughout the bear market.
Which Cryptocurrency Will Explode in 2024
Here is a list of the top 20 cryptos that our analysts and the larger crypto market believe are primed for a breakout. They are expected to post the highest growth if the market continues recovering or breaks into a bull run in 2024.
- Ethereum – Popular Crypto Expected to Dethrone Bitcoin as the Most Valuable Asset
- Ripple – Won SEC Case and Expected to Recapture 2018 Highs
- Solana – Resilient Ethereum Competitor that Crashed 99% in 2022
- Cardano – Safe Ethereum Killer Underwent Massive Development During Bear Market
- Cronos – Blockchain Network Backing One of the Fastest Growing Crypto Exchange
- Binance Coin – Utility Token for the Most Liquid Exchange and Fast Growing Smart contract Network
- Maker – DeFi Coin Expected to Grow 4000% to Recapture Previous High
- Uniswap – Crypto for the Fastest-Growing Decentralized Exchange
- Yearn Finance – Popular DeFi Coin Trading at a Huge Discount
- Decentraland – Altcoin to Pump with a Recovering Metaverse Investing Frenzy
- Dogecoin – Elon Musk Backed Joke Currency with Rising Utility Cases
- Polygon – Resilient Multi-Chain Crypto with Unlimited Growth Potential
- Quant – One of the Best Future Crypto Solving Interoperability
- Arbitrum – Crypto for One of the Fastest Growing Layer-2 Protocols on Ethereum
- Shiba Inu – Popular Meme Coin with Aggressive Network Growth and Burn Rates
- Cosmos – Best Future Crypto Fueling an Interoperable Crypto Verse
- Stellar – Popular Crypto Seeking to Revolutionize the Banking Industry
- The Graph – Indexing Protocol Fueling the DeFi and Web 3 Ecosystems
- Litecoin – Best Bitcoin Alternative with Fast-Rising Adoption
- ApeCoin – Utility Token for BAYC NFTs and Otherside Metaverse that is Yet to Peak
Below, we will discuss these altcoins in detail. We will tell you why they have the highest growth potential and how high they are expected to reach. In the sections further below, we will tell you how to find the next crypto to explode. We will explore the indicators of the next cryptocurrency to explode and teach you how to spot rising cryptos early.
Next Cryptocurrencies to Explode
All the most promising cryptos to buy now have a number of common features. For starters, they all experienced a massive network development phase throughout the bear market. Yet, these haven’t been priced in. Secondly, they are all selling at incredibly discounted prices. Further, they are resilient and obedient to market trends.
A sustained crypto market recovery or a breakout will, therefore, trigger an untamed value gain. Here is an overview of all the next cryptocurrency that expects to explode this year.
1. Ethereum – Popular Crypto Expected to Dethrone Bitcoin as the Most Valuable Asset
Ethereum is the second most valuable cryptocurrency – after Bitcoin and one of the most searched crypto assets. The decentralized platform with a smart contract functionality allows for the creation of crypto programs and passive investing. It launched in 2016, valued at $0.311.
At its peak in November 2021, however, the altcoin was selling around $4891. The unprecedented value gain was fueled by the rapid growth of the Ethereum network, the adoption of ETH, and the bull market.
At the height of the 2022 bear market, however, ETH had shed more than 88% of this value. By June of that year, ETH was already below $900. It entered 2023 trading around $1200 and grew this by more than 80% in the first quarter of the year.
The upshot was in reaction to a false Bitcoin price breakout that catapulted the pioneer crypto 200% above its December 2022 prices. Heading into 2024, many expect the ETH cryptocurrency to explode. However, ETH’s price action will be largely dependent on the behavior of the crypto market.
If Bitcoin halving and BTC ETF approval trigger a bull market, ETH will explode and possibly break above $10,000. May we point out that this value gain won’t just be in reaction to a rallying market.
Ethereum underwent major network developers throughout the bear market that investors will be looking to price in. The adoption and demand for ETH tokens have also been on a sustained run. This comes against the backdrop of a declining supply after The Merge.
Experts recognize that more crypto innovations and projects continue to launch on Ethereum. This is expected to continue, a move that optimist investors believe will help drive ETH’s value up. This, they believe, will eat into BTC’s market dominance, effectively triggering The Flippening. This is the point at which ETH dethrones BTC as the most valuable crypto.
ETH Future Price Predictions
Coin | Ethereum (ETH) |
All time high | $4891 (November 2021) |
2024 price prediction | $3500 |
2025 price prediction | $10,000 |
2030 price prediction | $40,000 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
2. Ripple – Won SEC Case and Expected to Recapture 2018 Highs
Ripple XRP could be the next cryptocurrency to explode from the most promising coins this year.
XRP is arguably the most undervalued crypto in the market today. It was created by Jed McCaleb and aimed at revolutionizing the global finance industry. Ripple hopes to achieve this by replacing SWIFFT – the global financial messaging service.
It was fairly successful and one of the most lucrative digital assets pre-2018. At its peak, for example, XRP was trading 77,000%+ above the market entry price recorded in 2013.
Post-2018, Ripple fell into a rut and posted one of the most depressed price actions. It even missed the 2021 crypto market rally. Much of this can be attributed to the long-running court battle pitting Ripple Labs and its directors against SEC-US. It should be noted that during the course of that legal battle, Ripple expanded its network extensively.
It partnered with more international banks. Additionally, 10+ countries agreed to build their CBDCs on the Ripple infrastructure.
These, however, weren’t enough to push XRP prices anywhere near their 2021 highs. But in July 2023, Ripple and its directors triumphed against the SEC. XRP prices immediately shot up 200% and are expected to sustain this upward price correction going into 2024. Should the market break into a run in 2024, optimists expect to set a price record of around $6. This represents a 10,000% gain above its current price.
In addition to a recovering market, a number of other factors are expected to drive up XRP’s value. First, its large community of followers has helped it keep a position among the 10 most valuable cryptos. There have also been rumors of an upcoming Ripple Company IPO, which has a positive impact on XRP prices.
XRP Future Price Predictions
Coin | Ripple (XRP) |
All time high | $3.88 |
2024 price prediction | $1.50 |
2025 price prediction | $6.00 |
2030 price prediction | $10.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
3. Solana – Resilient Ethereum Competitor that Crashed 99% in 2022
Solana is one of Ethereum’s most formidable competitors. During the 2021 crypto market rally, it was one of the best-performing altcoins – having rallied by 130,000%+ in 18 months. Twenty-four months later, SOL has lost much of this value to the unforgiving bear market. By mid-December 2022, for example, what was once the hottest crypto had lost 99% of the peak price to trade below $8.
A number of factors contributed to this price crash. First was the inflation-triggered bear market. The second, perhaps the more devastating, was the collapse of the FTX exchange and Alameda Research. The two SBF creations were closely tied to Solana. They had invested heavily in Solana projects and held a vast volume of SOL tokens in their balance sheets.
2023 presented Solana with a breath of fresh hope and set it on a recovery path. In the first month of the year, for example, SOL rallied by close to 300%. This was in reaction to the false Bitcoin price breakout. It was also, in part, a reaction to the positive handling of liquidation processes for FTX and Alameda companies. Going into the last quarter of the year, SOL was already 600% above its December 2022 price.
Heading into 2024, Solana is expected to sustain its current uptrend. Analysts are convinced that it can rally by as much as 3305 to break above $200 by the end of the year. Optimistic investors, on the other hand, expect Solana cryptocurrency to explode – subject to a number of critical factors. First and most important is the approval of Bitcoin ETFs and Bitcoin halving events triggering a bull run.
Others are hopeful that the FTX exchange will eventually re-open its doors to the public. They also expect developments on the Solana network, like play-to-earn games and Web 3 programs, to explode. All this would help SOL resume its 2021 rally. Given its massive popularity, such a rally would see Solana price break above $1000.
This represents a 1600% jump from the current price – which says it probably isn’t too late to invest in Solana.
SOL Future Price Predictions
Coin | Solana (SOL) |
All time high | $260 |
2024 price prediction | $200 |
2025 price prediction | $1000 |
2030 price prediction | $4000 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
4. Cardano – Safe Ethereum Killer Underwent Massive Development During the Bear Market
Cardano is arguably the safest and most stable of the perceived Ethereum killers. It has also amassed a vast and vibrant community of online followers and investors. This community has especially played a key role in hyping ADA token price. It has even helped it retain a position among the 10 most valuable cryptos.
The altcoin was launched in December 2016 and had an ICO of $0.0024. It first peaked in January 2018, when it broke parity with the dollar – 45800%+ above its ICO price. However, the punishing bear market of 2018 quickly wiped out most of these gains.
Less than a year later, ADA was already trading $0.03. But the bear market wasn’t the only thing to blame for Cardano’s misfortunes. It could also be blamed on its slow development process.
Cardano, for example, only integrated the smart contract functionality into the network in late 2021. This was at the height of the 2021 bull market. This had been its most successful bull market yet and had its value shot up by more than 1600% to hit the current all-time high of $3.10. But just like in 2018, the 2022 bear market sent ADA token prices crashing. By December 2023, ADA had already shed 90% of this peak value.
Like all other cryptos, Cardano is obedient to market trends. Therefore, when the market started rallying in early 2023, ADA took the cue and rallied 225% to hit $0.45 in January. Since then, its price has been rising and falling – in reaction to changing market direction. It stormed into the last quarter of 2023, trading more than 185% above the December 2022 prices and is expected to sustain this uptrend moving forward.
Heading into 2024, we expect Cardano to mimic the slowly recovering crypto market. Forecasters predict its expected price at the end of 2024 to be around $0.70 – 200%+ above the current price. And if the bull run occurs in 2024 or early 2025, ADA will more than double its 2021 highs.
ADA Future Price Predictions
Coin | Cardano (ADA) |
All time high | $3.10 |
2024 price prediction | $0.70 |
2025 price prediction | $6.00 |
2030 price prediction | $20.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
5. Cronos – Blockchain Network Backing One of the Fastest Growing Crypto Exchange
Cronos is the utility token for the Crypto.com exchange and the Cronos Chain. Crypto.com is one of the fastest-growing crypto exchanges, and Cronos chain is one of the fastest-expanding EVM blockchains. We mention this because CRO has little utility outside of the two crypto ecosystems. They are, therefore, expected to continue fueling CRO’s overall uptrend in the foreseeable future.
The crypto.com exchange has been consistent in growing its user numbers and trading volumes. The Cronos Chain, on the other hand, upgraded from beta to mainnet in January 2023. The chain has never experienced downtime, and its EVM compatibility has seen multiple dApps ported to the chain. The total value locked on the Cronos Chain also maintained a steady rise throughout the 2022 bear market.
In 2023, CRO was one of the best altcoins to buy as it sought to double its value. Throughout 2024, it is expected to mirror the crypto market’s recovery and sustain the current uptrend. By the end of the year, it is expected to have rallied by at least 70% to break above $0.15. And if the market breaks out into a bull run, investors are confident it will rally by 1700%. This will help catapult its price past $1.6 and give it a $50 Billion market cap.
CRO Future Price Predictions
Coin | Cronos (CRO) |
All time high | $0.96 |
2024 price prediction | $0.15 |
2025 price prediction | $1.60 |
2030 price prediction | $5.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
6. Binance Coin – Utility Token for the Most Liquid Exchange and Fast Growing Smart contract Network
Binance Coin is one of the five most valuable cryptos. It is a utility coin for Binance – one of the best altcoin exchanges around. It is also the utility token for Binance Smart Chain – a smart contract platform designed by Binance to rival Ethereum. The BNB coin launched in 2017 and has been one of the most lucrative assets of all time.
The Binance coin had an ICO price of $0.1. During the 2017 market rally, BNB grew its value by 20000% to peak around $20 in January 2018. But by the end of that year, it had lost more than 80% of its value. It suffered a devastating value loss despite having one of the fastest-growing crypto exchanges. This is a testament to the level of influence the crypto market has on BNB token price.
It only started rallying in again in 2021 and even set the current all-time high of $690. This represents a 690,000% return on investment over a period of four years.
Binance’s aggressive value gain can be attributed to a number of factors. First is the fact it is one of the few deflationary coins out there. This is made possible by the fact that the Binance exchange burns some of the BNB tokens traders use in settling trading fees. Both the Binance exchange and the Smart Chain have also been recording explosive growth. This has riled up demand for BNB coins several-fold, driving up their value.
Heading into the last quarter of 2023, the fourth most valuable crypto was trading close to 70% below its 2021 highs. The dip was occasioned by, among many things – the extended bear market and the DOJ-US case against Binance and its CEO. As Binance ushers in 2024, the DOJ case has been settled, and the market shows recovery signs. Forecasters expect it to rally by 200% and end the year trading around $450.
If the expected bull market is confirmed, optimists expect BNB to rally by 600%+ and break $1,400 in 2025.
BNB Future Price Predictions
Coin | Binance Coin (BNB) |
All time high | $690 |
2024 price prediction | $450 |
2025 price prediction | $1400 |
2030 price prediction | $3000 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
7. Maker – DeFi Coin Expected to Grow 4000% to Recapture Previous High
Maker is one of the best DeFi coins to buy before the next bull market. It has not only performed exemplarily well in the past, but it also has solid fundamentals. For starters, it is the utility for one of the best DeFi platforms hosting one of the safest stablecoins – DAI. But even more importantly, it has one of the lowest maximum and circulating supplies.
There will only ever be slightly over 1 million Maker tokens. More than 90% of this is already in circulation, so you don’t have to worry about price liquidation by maturing vesting periods. You may also want to know that MKR was one of the most lucrative cryptos of 2021. At its peak in May that year, for instance, it was trading at $6,339. This places its price – in the last quarter of 2023 – more than 80% below this peak price.
Heading into 2024, a number of factors are expected to drive up MKR’s token price. Chief among them will be the recovering crypto market, as it has already proved its obedience to market trends. These are expected to thrust MKR by 200%, needed to end the year trading around $3,000. Should the Bitcoin halving trigger a market rally, we might see MKR prices rally by as much as 800% to break above $12,000.
MKR Future Price Predictions
Coin | Maker (MKR) |
All time high | $6,339 |
2024 price prediction | $3,000 |
2025 price prediction | $12,000 |
2030 price prediction | $25,000 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
8. Uniswap – Crypto for the Fastest-Growing Decentralized Exchange
Uniswap is the most popular and one of the largest decentralized exchanges. It is also one of the most important DeFi protocols with one of the largest total values locked. Launched in 2018, UNI tokens have proved their resilience and obedience to market trends. Over time, Uniswap has also amassed a large online following.
The above factors have already started working towards helping UNI escape its 2022 dips. In June 2022, for example, UNI was trading 85%+ below the current all-time high of $44 set in May 2021. Going into the last quarter of 2023, however, UNI had rallied close to 200% above this price dip. Much of this can be attributed to the steady – though slow – crypto market recovery.
A number of factors are expected to fuel Uniswap’s next phase of value gain. First is the recovering crypto market. Second is increased trading activity on the Uniswap decentralized exchange. Third will be the rising adoption of Uniswap protocol within the DeFi market. All these are expected to fuel the 700%+ gains UNI needs to recapture its 2021 highs. Should the market explode, we expect it to rally by as much as 1500% to set a new price record at $90.
UNI Future Price Predictions
Coin | Uniswap (UNI) |
All time high | $44.97 |
2024 price prediction | $15.00 |
2025 price prediction | $90.00 |
2030 price prediction | $200.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
9. Yearn Finance – Popular DeFi Coin Trading at a Huge Discount
Yearn.Finance is a relatively new crypto, launched in the third quarter of 2020. It is the utility and governance token for Yearn.Finance. This is a DeFi platform that helps individuals and other DeFi ecosystems earn yields from their digital assets.
Some of its clients include DeFi platforms like DyDx, Curve, Compound, and Aave Finance. Such a boastful client and solid fundamentals help make YFI one of the most promising cryptos to buy today.
Yearn is also a good investment because it has performed exceptionally well in the past. Within 12 months of launching, for example, Yearn.Finance rallied by more than 7750% to hit the current all-time high of $93,435 in May 2021. A mix of the bear market, an April 2023 hack, and persistent security issues have, however, raided these fortunes. Going into the last quarter of 2023, YFI had shed more than 90% of this peak price.
Despite these unfortunate events, Year.Finance remains resilient. It, for instance, still maintains an overall uptrending price action. We also expect it to solve the security challenges. This should help it join the rest of the best cryptos for beginners in riding the market recovery wave. This should then set YFI on a path to explosion.
Analysts expect three factors to drive YFI’s next bull market run. First is its low total circulating supply of 36,600 coins. Second is renewed demand for YFI coins and Yearn.Finance services. Last is a rallying crypto market, as it has already proved to be obedient to market trends.
Sustained crypto market recovery is expected to thrust the YFI token price above $20,500. This represents a 250% value gain from current prices. And if the crypto market rally takes place in 2024 or early 2025, YFI will 2500%+. This should be enough to more than double its 2021 highs and reach $200,000.
YFI Future Price Predictions
Coin | Yearn.Finance (YFI) |
All time high | $93,435 |
2024 price prediction | $20,500 |
2025 price prediction | $200,000 |
2030 price prediction | $500,000 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
10. Decentraland – Altcoin to Pump with a Recovering Metaverse Investing Frenzy
Decentraland is the oldest and arguably the most popular metaverse project. It has also received wide adoption within and outside the crypto verse. Several global brands have already acquired virtual plots of land on the metaverse and intend to start developing them. The more notable Decentraland adopters include Samsung, Nike, Coca-Cola, Dominos, Adidas, and even Heineken.
The entry of these brands helped fuel the Metaverse investing craze that sent MANA tokens to unprecedented heights. By the time it peaked in November 2021, MANA was more than 24500% above its ICO price. Today, however, MANA has shed more than 90% of this value – but it still maintains an overall uptrending price action.
Moving forward, a number of factors are expected to help MANA price rebound. First is the recovering crypto market, as MANA has already proved its obedience to market trends. Second is the further adoption of the popular altcoin and the onboarding of more brands to the MANA metaverse. We must also acknowledge that Decentraland has made significant developments to tits metaverse ecosystem.
It has expanded its NFT marketplace and enhanced the builder tool. These promote passive investing on the platform. It has also enhanced the metaverse experience through regular concerts, festivals, and other events.
All these are aimed at fueling demand for MANA tokens. Throughout 2024, MANA is expected to rally by as much as 200% and break above $1. And should the Bitcoin halving trigger a bull run, experts are confident MANA will rally by the 2000% needed to break above $9.
MANA Future Price Predictions
Coin | Decentraland (MANA) |
All time high | $1.00 |
2024 price prediction | $9.00 |
2025 price prediction | $15.00 |
2030 price prediction |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
11. Dogecoin – Elon Musk Backed Joke Currency with Rising Utility Cases
Dogecoin is the most valuable joke currency and one of the best meme coins to invest in today. It is also the oldest, having launched in 2013. It, however, only shot to popularity and started gaining value in the periods leading to the 2021 bull run. By the time it peaked in May 2021, the altcoin was trading more than 350000% above its market entry price in 2013. This made DOGE one of the most lucrative altcoins to own at the time.
Much of this value gain was occasioned by the meme coin investing craze taking place at the time. Dogecoin has also received serious endorsements from the likes of Elon Musk and Mark Cuban. The two added DOGE as a payment method in their companies. Musk allowed Tesla owners to buy parts using DOGE, while Cuban let fans buy tickets for Basketball games.
In addition to these endorsements, the DOGE community has played a critical role in hyping the meme coins price. But so have its celebrity investors and crypto influences. These have often created artificial price pumps aimed at keeping DOGE prices uptrending. The price pumps also came in to pump DOGE’s market cap and help it retain a position among the top 10 most valuable cryptos.
Moving forward, Elon Musk’s tweets about Dogecoin is expected to continue exciting the trading community. Its followers and influencers will also keep hyping up its price. We then expect more brands to continue onboarding DOGE as a payment method.
These and a rallying market should help DOGE recapture its $0.7 peak price by the end of 2024. Ultimately, everyone expects the next bull run to help the DOGE meme coin break parity with The US Dollar.
DOGE Future Price Predictions
Coin | Dogecoin (DOGE) |
All time high | $0.74 (May 2021) |
2024 price prediction | $0.50 |
2025 price prediction | $1 |
2030 price prediction | $2 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
12. Polygon – Resilient Multi-Chain Crypto with Unlimited Growth Potential
Polygon is a layer-2 scaling solution for Ethereum. Its $7 Billion market cap makes it one of the 15 most valuable cryptos and the most valuable layer-2 protocol. It was created to solve the speed, scalability, and cost challenges facing Ethereum. It has been one of the best-performing layer-2s of all time, and its solid fundamentals make it one of the best cheap coins to buy right now.
Its MATIC token launched in the third quarter of 2019 with a market entry price of $0.004. By the time it peaked in December 2021, it had rallied by more than 73000% to set the current all-time high of $2.92. At the time of writing, however, the extended bear market has wiped 70%+ of this altcoin’s peak value. But it remains overall uptrending and obedient to crypto market trends.
Two key factors contributed to MATIC’s pride drop. First was the crypto market crash. Second was Ethereum’s merge, which increased the network’s transaction processing speed. Investors were wary that this and a possible drop in gas fees would make developers shun Polygon. But Ethereum’s upgrade had a marginal impact on scalability and no impact on the transaction fees.
Polygon, on the other hand, underwent massive upgrades throughout the bear market. The multi-chain layer-2 even expressed interest in launching on other EVM-compatible blockchains. It also onboarded more dApp, DeFi, and Web 3, which intend to launch more programs on this protocol. All these have led to a sharp rise in demand for MATIC tokens.
However, none of these developments have reflected in Matic’s current price. We expect a recovering market to trigger an investor rush towards MATIC. These will be hoping to ride the recovery wave and price in these developments.
These should help grow MATICs value by as much as 200%, helping break above $1.50. But as soon as the bull market confirms, analysts are confident that MATIC will rush toward $5 – more than 700% above its current price.
MATIC Future Price Predictions
Coin | Polygon (MATIC) |
All time high | $2.92 |
2024 price prediction | $1.50 |
2025 price prediction | $5.00 |
2030 price prediction | $10.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
13. Quant – One of the Best Future Crypto Solving Interoperability
Quant is one of best cryptos for the future. It seeks to solve the interoperability challenge facing the crypto-verse with its Overledger technology. This makes it possible for anyone to access and build on any blockchain network. The technology received a massive welcome from the crypto community. This helped make it one of the most lucrative cryptos to invest in today.
From a market entry price of $0.25 in late 2018, QNT prices exploded to the current ATH of $428 in September 2011. This represents a 171200% value gain in less than three years. Three factors contributed to this unprecedented value gain. These are its low maximum token supply of 14.8 million QNT coins and the 2021 marker rally. It was also attributable to the 2021 market rally as well as its rising adoption.
Today, QNT token prices have slumped 75%+ below the all-time high. This can be largely attributed to the market downturn because Quant’s popularity and adoption have been on a steady rise. If the market continues showing signs of recovery in 2024, most investors and experts are confident QNT can rally by 200% to break above $200 before the end of the year.
There is also hope that Bitcoin halving and ETF approvals will trigger a market-wide bull run. This should send QNT token prices way above their current all-time high. Optimistic investors expect this to help Quant break above $1,000 – more than 1000% above its current price.
It’s clear that now could be the ideal time to buy Quant crypto before the coin explodes once more.
Quant Future Price Predictions
Coin | Quant (QNT) |
All time high | $428 (September 2021) |
2024 price prediction | $200 |
2025 price prediction | $1 000 |
2030 price prediction | $5,000 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
14. Arbitrum – Crypto for One of the Fastest Growing Layer-2 Protocols on Ethereum
ARB is the best new crypto to invest in right now. It is the native token for the fastest-growing layer-2 scaling solution for Ethereum. Like Polygon, Arbitrum is designed to help developers build faster and cost-efficient dApps and DeFi programs on the Ethereum network. Note that the Arbitrum protocol has been around since 2018, with its mainnet going live in August 2021. However, the ARB token only launched in March 2023.
The fact that it launched at the height of the extended bear market means it has yet to set a true pick peak price. It hit the market trading around $1.18 and rallied 900%+ in hours to reach the current ATH of $11. But the bear market was quick to stall any uptrend, and the top trending altcoin is back to trading between $0.70 and $1.00.
Despite the price crash, hundreds of dApps and DeFi programs/projects continue to launch new projects on the platform. Existing prominent programs like Uniswap, Curve, and Aave have all expressed interest in porting their platforms to Arbitrum. Such a vote of confidence for Arbitrum was enough to send its prices pumping. So should have been its growing online community and increased daily trader interest in the altcoin.
All these say that the extended bear market is the only price standing between ARB and a price explosion. It also says that ARB should start rallying towards a true peak price as soon as a bull market is confirmed.
There, however, have been mixed reactions about its 2024 price action, seeing that 1+ billion ARB tokens will be unlocked in March 2024. But even with that, some analysts expect ARB to rally by 500% to reach $3 by the end of that year.
Should the market break into a full-blown rally between 2024 and 2025, optimists expect it to thrust ARB towards $15.
To learn more about crypto projects launching on layer 2, read our best Arbitrum tokens to buy guide.
Arbitrum Future Price Predictions
Coin | Arbitrum (ARB) |
All time high | $11 (March 2023) |
2024 price prediction | $5.00 |
2025 price prediction | $15.00 |
2030 price prediction | $25.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
15. Shiba Inu – Popular Meme Coin with Aggressive Network Growth and Burn Rates
Shiba Inu is the most lucrative crypto investment of all time. During the 2021 crypto market rally, the joke currency helped its earliest investors grow their capita by more than 10 million percent. This makes it an interesting asset and one of the best crypto to buy before the next market rally. And even though we don’t expect it to replicate the 2021 gains, we still expect it to be one of the next big cryptocurrency to buy.
It will increase because it is one of the most undervalued cryptos out there. This is evidenced by the fact that it currently trades more than 90% below the 2021 highs. The top trending penny crypto trades at highly discounted prices despite the monumental developments that have since taken place in the SHIB ecosystem.
For starters, Shiba Inu developers have been burning excess SHIB tokens aggressively. In 2022 alone, more than 83 billion SHIB were removed from circulation. By 2023, almost the same – or higher – number of SHIB tokens will have been burned. This constricts supply. On the other hand, the ecosystem has introduced multiple projects aimed at driving up SHIB’s use cases and demand.
These developments include the launch of Shibaswap DEX, Shiboshi NFTs, and the Bury staking program. Others include the Shib Metaverse, the Shiba Eternity play-to-earn game, and the Shibarium layer-2 network. All these, and possible adoption as payment methods, are expected to drive up SHIB’s price. They then, together with a recovering crypto market, will trigger SHIB’s next bull run.
By the end of 2024, analysts and investors expect SHIB to have rallied by more than 200%. This should have it trading around $0.000016. By the end of the bull market – possibly at the end of 2025 – SHIB will recapture its all-time high.
SHIB Future Price Predictions
Coin | Shiba Inu (SHIB) |
All time high | $0.00008845 (October 2021) |
2024 price prediction | $0.000016 |
2025 price prediction | $0.00009 |
2030 price prediction | $0.0001 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
16. Cosmos – Best Future Crypto Fueling an Interoperable Crypto Verse
Cosmos and its interblockchain Communication Protocol (IBC) have made the most significant stride in moving the crypto verse towards interoperability. This makes it one of the most important cryptos of the future. It also makes it one of the best cryptos to buy for the long term – especially for beginners. The top 20 most valuable crypto banks on a number of factors to help it explode in 2024 and beyond.
For starters, the ATOM token has proved its resilience and obedience to crypto market trends. We, therefore, expect a recovering market to set it on the path towards recapturing its 2021 highs. Today, it trades close to 80% below its $44 peak price. A number of factors are expected to influence ATOM’s price from here on.
These include its adoption and the rate at which the global community embraces crypto and blockchain technologies. The number of blockchains linking to Cosmos and brands leveraging its SDK infrastructure will also influence ATOM’s demand and price. But these are mostly long-term price indicators. Over the short term, ATOM’s price will be mostly affected by the direction of the crypto market.
If the market continues being indecisive with its recovery plans, ATOM’s rebound will be rather slow. In such a case, optimists expect ATOM to rally 200% and reach $20 by December 2024. But should the approval of ETFs in several countries spark a rally, ATOM may rally by the 1000% needed to break above $100. A number of factors support this price run, including its relatively total supply of 377 million tokens and growing adoption.
ATOM Future Price Predictions
Coin | Cosmos (ATOM) |
All time high | $44.70 |
2024 price prediction | $20.00 |
2025 price prediction | $100.00 |
2030 price prediction | $300.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
17. Stellar – Popular Crypto Seeking to Revolutionize the Banking Industry
Stellar is to Ripple what the likes of Bitcoin Cash and Bitcoin SV are to Bitcoin. It was created by Jed McCaleb after his ouster from Ripple in 2014. The two also seem to serve an almost similar purpose. But while Ripple seeks to replace the banking system by replacing SWIFT, Stellar is out to replace banks. This explains why its Lumens (XLM) token prices mirror the performance of Ripple.
XLM should be on your list of the most undervalued cryptos to buy RIGHT NOW. Like Ripple, Stellar missed the 2021 bull market. It is still trading below the all-time high price set in January 2018. The penny crypto’s close ties with Ripple ensured that it also bore the brunt of the long-running court battle. It, therefore, will only be fair that it reaps from the positive ruling on the landmark case.
But Ripple’s impending bull run won’t be the only thing triggering a price run for XLM. It, too, is massively resilient and has already proved its obedience to market trends. Additionally, it has also built a large community of online followers. It also has solid fundamentals and has been on a development rampage throughout Ripple’s trial period.
Heading into 2024, we should expect investors to move in as they try to price in these developments. The future crypto should also embark on a sustained uptrend as it mimics a recovering market. Analysts expect this to help XLM tokens rally by as much as 200% to hit $0.26 by December 2024.
That said, there is a lot of hope that a bull rally will occur at some point in 2024 or 2025. When it does, forecasters expect XLM to rally by 1800%+. This is what Stellar needs to double 2018 highs and extend its market cap to $100 Billion.
XLM Future Price Predictions
Coin | Stellar (XLM) |
All time high | $0.94 (January 2018) |
2024 price prediction | $0.26 |
2025 price prediction | $2.00 |
2030 price prediction | $6.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
18. The Graph – Indexing Protocol Fueling the DeFi and Web 3 Ecosystems
The Graph is an indexing protocol originally designed for Ethereum and IFPS networks. It is used by developers to query data on these platforms. It makes it possible for developers to identify the most valuable and accurate data that they then use to create more efficient smart contracts and DeFi. T joins the likes of Quant and Cosmos in the list of the hottest cryptos of the future to buy now.
We also rank it high among the best beginner cryptos to buy today because of its hugely promising future. It launched at the base of the 2021 crypto market rally and peaked at $2.88 in February of the same year.
GRT tokens rallied 9600% in about five months, making it one of the most lucrative altcoins at the time. Since then, the altcoin has shed more than 95% of this peak value. In fact, it crawled into the last quarter of 2023, trading around $0.14.
We believe the depressed price action may be attributed to a number of factors. Chief among them is the crypto market downturn. It could also be due to the fact that GRT is intended to serve the Smart contracts, DeFi, dApp, and Web 3 ecosystems. These were still in their infancy stage at the time.
However, throughout the bear market period, smart contract platforms prioritized developing these areas of their network. There has also been increased brand awareness of these programs. More brands are now alive to the benefits of blockchain technology and smart contracts.
Developer interest in The Graph and demand for GRT tokens has, therefore, spiked. But none of these developments have reflected on the GRT token’s price, yet.
Heading into 2024, we expect investors to rush to invest in GRT in a bid to price in these developments. We also expect it to rally in reaction to a recovering crypto market. This should push it to $0.4 – around 280% above the current price. And if it breaks into a bull run between 2024 and 2025, GRT price prediction will rally by 3500%+. This should push its price above $5.
The Graph Future Price Predictions
Coin | The Graph (GRT) |
All time high | $2.88 (February 2021) |
2024 price prediction | $0.40 |
2025 price prediction | $5.00 |
2030 price prediction | $10.00 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
19. Litecoin – Best Bitcoin with Fast-Rising Adoption
Litecoin is Bitcoin’s oldest and most successful imitation. It was designed to serve a similar purpose as the legacy crypto – replace the fiat currency. But it was also designed to solve the challenges of slow transaction processing and high fees facing Bitcoin. It hoped to entice individuals and brands that sought Bitcoin’s security but more conveniently.
Litecoin was doing so well and was even one of the 10 most valuable cryptos in the years leading to 2017. It was even the most lucrative crypto investment of 2017. Its price had rallied 35000% between January 2015 and December 2017, when it peaked above $350. But at its peak, its founder – Charlie Lee –sold all his LTC coins and took a job as an engineer with Coinbase exchange.
The market interpreted this as a rug-pull scam, and the altcoin plummeted 99% in the 12 months that followed.
Charlie Lee has since returned to the LTC foundation and currently heads the altcoins development team. However, investor confidence has been slowly coming back. In 2021, LTC peaked at around $412 – less $70 or 18% above its 2017 highs.
But going into the crypto market bull run, Litecoin will explode and possibly break above the $1000 mark. In the meantime, the recovering market is expected to push its price above $200 before December 2024. This represents a 288% price jump from current prices.
LTC Future Price Predictions
Coin | Litecoin (LTC) |
All time high | $412.96 (May 2021) |
2024 price prediction | $200 |
2025 price prediction | $1000 |
2030 price prediction | $5000 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
20. ApeCoin – Utility Token for BAYC NFTs and Otherside Metaverse that is Yet to Peak
ApeCoin is a relatively new crypto and one of the best meme coins to invest in right now. Like Arbitrum, APE was launched at the height of the 2022 bear market and is yet to hit a true peak price.
Even then, it hit the market with a remarkable uptrend and rallied more than 550% in less than 72 hours. Since then, the bear market has dashed any hopes of an uptrend. It entered the last quarter of 2023 trading below its market entry price and 95%+ below the March 2021 highs.
There are many factors that analysts believe will play the biggest role in catapulting APE value to new highs. First is its affiliation with several ultra-popular crypto projects. For example, it is the utility token for the BAYC and MAYC NFT projects.
It is also the utility for the ultra-hyped Otherside metaverse. It is also the governance token for the ApeCoin DAO and the large Ape ecosystem. Don’t forget that it was created by Yuga Labs.
Yuga Labs and the NFT projects have the backing of one of the most vibrant online crypto communities. This is composed of crypto influencers and celebrities like Snoop Dogg, Justin Beiber, Eminem, Jimmy Fallon, The Chainsmokers, and more. Part of the reason why APE has been performing poorly is because the NFTs and metaverse tokens have also been performed dismally.
During the next bull market, we expect a revival of the NFT and metaverse investing crazes. We also expect APE price to obey the uptrending crypto market direction. All these will have a solidly positive impact on APE token price. By the end of 2024, forecasters expect APE to have rallied by 250% to hit $ 3.50. It should then peak around $40 at the height of the upcoming crypto bull market.
APE Future Price Predictions
Coin | ApeCoin (APE) |
All time high | $39 |
2024 price prediction | $4 |
2025 price prediction | $40 |
2030 price prediction | $70 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
What Causes a Cryptocurrency to Explode?
Crypto is said to have exploded if its price increases rapidly and within a relatively short period of time. This phenomenon is also referred to as crypto moonshot. There are numerous factors – both technical and fundamental – that may cause a cryptocurrency to explode. Below, we look at the most common:
Crypto market rally
We have established that virtually all cryptos are obedient to crypto market trends. They rally when the market assumes an uptrending posture and crashes if it dips. During a crypto market rally – also known as a bull run – most cryptos explode. During this period, investors have been highly optimistic about the future of the crypto industry. Optimism births greed, which leads to higher-than-average demand for promising cryptos. This causes their prices to explode and hit unprecedented heights.
Adoption and utility
Crypto will also explode in value if it is adopted by more individuals, businesses, and brands. Take, for example, Bitcoin. Its price first exploded in 2013 as a result of its adoption as a payment method on dark net e-commerce platforms – like Silk Road. It also posted similar gains in 2021. At the time, Tesla added BTC to its balance sheet and started accepting it as payment for its electric vehicles
Endorsements
Public endorsement of crypto by an influential figure can generate positive sentiment and attract new investors. These may be celebrities, financial experts, businesspeople, or entrepreneurs. A good example of a coin that exploded due to public endorsement is Dogecoin.
Its value shot astronomically when Elon Musk started tweeting about it in 2021. Today, Musk’s tweets referencing the memecoin always lead to a price explosion.
Macro events
Global economic factors may also have a positive impact on the larger crypto market or a specific coin. We have already mentioned that rising inflation and interest rates were a contributing factor for the 2022 bear market. The opposite would have had a similar effect. A flourishing economy with low inflation and negative interest would have triggered a massive bull run for the crypto industry.
Artificial price pumps
Artificial price manipulation is also known as wash trading. It occurs when an individual or groups of individuals join hands to artificially pump the price of an altcoin. They achieve this by trading the crypto within themselves to create an illusion of liquidity and high trader activity.
They will often complete the trade activities with misinformation on social media to draw in investor interest. Artificial price pumps, though sources of crypto moonshot are illegal and unsustainable. In November 2023, SEC-US charged the Safemoon crypto team with wash trading.
Tokenomics
Well-balanced and sustainable tokenomics can be a source of regular price explosions for an altcoin. Tokenomics, in this case, ref to token circulation, distribution, burning mechanism, and inflation rate. A deflationary crypto with a limited token supply and regular burn sessions explodes regularly.
Whale activity
Whales, in the crypto sense, refer to individuals or entities that hold large amounts of a digital asset. These hold a significant percentage of the coin’s total circulating supply. Their buying and selling actions often have a significant impact on the altcoin’s price action. They have the liquidity to influence the coin’s price. The value of an altcoin often rallies when it starts accumulating.
Investor sentiment
Investor sentiment is also known as market mood or the fear or reed index. When the investor sentiment is overly positive, they are more likely to buy, causing a price explosion.
Vice versa is also true, But also be weary of extreme greed. When the greed index is close to 100 – it says the altcoin is overbought and signals a price correction. When the fear is close to zero, it says the coin is oversold. This may signal an upward correction for a coin with solid fundamentals.
Unique real-world use cases
When crypto has a unique and innovative real-world use case, its adoption rate is often high. This drives up its demand, which in turn, triggers a sharp value gain. When a crypto solves a real-world problem, it draws the attention of individuals and businesses. Speculative investing follows soon, effectively blowing up its price – as has happened with Bitcoin throughout its 10-year history.
How We Identified the Most Likely Cryptcurrency to Explode in 2024
We used a combination of factors to arrive at the list of the next cryptocurrency to explode. Below, we share a few that you, too, may use in vetting the hottest cryptos. That should help you assess their chances of exploding – now or in the near future.
Tokenomics
Tokenomics refers to the economic structure of a digital currency. It describes the altcoin’s distribution model, inflation rate, and burn mechanism. Balanced tokenomics contribute to a healthy supply and demand of crypto. It also promotes sustainable growth of the altcoin, which, when complemented by such factors as adoption and utility, leads to price explosion.
A good example of the next cryptocurrency to explode with balanced tokenomics is Yearn.Finance. The DeFi coin has a limited supply of 36,666 YFI tokens. Its ecosystem has been expanding fast as it onboards more DeFi platforms like Aave and Compound. This has sparked the adoption and demand for YFI tokens. A recovering market or a possible rally is all the popular DeFi coin needs to start exploding.
Price Analysis
Price analysis involves studying historical price data. This helps you identify trends, patterns, and potential support and resistance levels. It also helps you learn how the altcoin price reacts to different news, events, and macroeconomic factors. This should be enough to help you assess the direction an altcoin will assume in the event of a particular occurrence.
Here is an example: Bitcoin’s price analysis tells that BTC always rallies a few months after a halving event. This has always triggered a crypto market bull run and a rally for virtually all other coins. Bitcoin was halving in April 2024. This makes today the best time to find the coin to use to ride the upcoming crypto market rally.
Community support
The best crypto to buy today should have a strong and active community. An engaged community comes in handy in promoting the project and providing feedback to developers. It also contributes to the altcoin’s overall growth and adoption. Communities have historically played a crucial role in lobbying exchanges to list popular coins. They also come in handy to prevent market crashes by hyping a coin.
The largest beneficiaries of a vibrant and engaged community of online supporters are Dogecoin and Shiba Inu meme coins. Their communities have helped them gain global recognition. They have also played a critical role in fueling the coin’s mainstream adoption.
Investor sentiment
Investor sentiment or market mood is also a great indicator of an altcoin’s likelihood to explode. When the larger investing community is bullish toward certain crypto, it has a high chance of exploding. The sustained increase in demand for the altcoin almost always leads to a sharp value gain.
There are several tools that you can use to monitor investor sentiment. You may, for instance, use DeFy trends – which provides a social sentiment score for all the crypto projects. You may also use the crypto fear and grid index. Some exchanges – like eToro – will also provide an investor sentiment score for every coin listed on the platform. This tells you whether most investors are buying, holding, or selling.
Two great examples of cryptos that have ridden positive investor sentiments the longest are Cardano and Ripple. Ripple is hailed for its solid focus on research, safety, and solid developer community. Ripple, on the other hand, leveraged its solid fundamentals and legit partnerships. This sentiment has helped the two penny cryptos retain positions among the 10 most valuable cryptos.
Technical and fundamental analysis
Technical analysis involves studying historical price data and technical indicators. This helps you identify potential support and resistance levels, patterns, and trends.
Fundamental analysis, on the other hand, focuses on evaluating the intrinsic value of an altcoin. Here, you will want to examine such factors as its developer team, technology, and potential use cases. The next cryptocurrency to explode will have a balanced mix of solid technical and fundamental indicators.
Low market cap vs utility
The best crypto to invest in today and the next cryptocurrency to explode will have two key features. First is a low market cap, which is complemented by balanced tokenomics. It will also have real-world utility, complemented by a steadily rising adoption rate. A low cap implies the altcoin is possibly underpriced and that there is room for value gain. High utility implies its adoption and demand will continue rising.
Ripple is the perfect example of an altcoin with a low cap and high utility. The long-running court battle against the SEC made sure XRP token prices remained in the underpriced territory. This gives it a relatively low market cap. It then has high utility as the settlement current for the global finance industry.
The two are expected to have played a critical role in fueling investor interest in the altcoin. Note that XRP also has deflationary characteristics. All these are expected to contribute to its new price run.
Favorable market condition
The condition of the larger crypto market can also help you identify the next cryptocurrency to explode. When the crypto market is rallying, for example, altcoins often take the cue and break into a run. Additionally, when investor sentiment is high and greed is on the rise, most cryptos tend to explode.
Macroeconomic factors, like cooling inflation, may also spur investor interest in different coins. Note, however, that the favorable condition doesn’t have to affect the large crypto industry. Favorable market conditions for one coin may pour out to another coin, sparking its moonshot.
Stellar Lumens is the perfect example of an altcoin that’s dependent on the fortune of another coin – Ripple.
If Ripple breaks into a run in the foreseeable future, so will Stellar Lumens. Additionally, Bitcoin’s fortunes are historically known to overflow to the rest of the industry. In early 2023, for instance, Bitcoin rallied 100%. The rest of the market took a cue and mimicked this price action. Some, like SOL, even rallied harder, growing by as much as 300%.
Positive media coverage
Historically, positive media coverage has almost always preceded a significant price jump for the altcoin. This can be on either the mainstream media or on social media. But there is a caveat: The positive coverage has to be carried out by reputable news sources. Such coverage often leads to an increased awareness and interest in the altcoin. This has the overall impact of raising its demand and, by extension, price.
Ripple has, for example, been a beneficiary of positive media coverage. When it won the court case against SEC-US, it received a lot of positive media coverage online and on mainstream networks. The resultant effect was a 200% value gain.
How Do I Find Cryptocurrencies that Are Exploding Early?
The crypto industry is wildly volatile and highly unpredictable. Investor sentiments change fast. But so does the market condition. These make it almost impossible for anyone to accurately tell which crypto will explode next. Nevertheless, there are a few telltale signs that you can leverage when searching for the next cryptocurrency to explode. We discuss them below.
Check whale positioning
We have already stated that whales in the crypto context refer to crypto high rollers. These own a significant portion of a digital asset. You can tell if a coin is about to explode by monitoring how they position their trades. They will hold and buy more of an asset if they believe it is expected to explode.
They will also dump a coin if they fear it may crash or they don’t have a sustainable future. If you can identify projects that interest whales early on, you can ride the uptrend when the whales start accumulating.
Leverage social media
You can also tell which coins are about to explode by leveraging the power of social media. Monitor crypto discussion forums on X.com, Reddit, Discord, Facebook, Telegram, and Telegram. Here, and on video platforms like YouTube, confirm the most talked about cryptos. Follow crypto group discussions and confirm the most discussed cryptos.
But it is not to know which is the most talked about crypto. You also need to assess the social media and crypto community sentiment towards the coin. A positive indicator may be a buy indicator, and vice versa. This tip best complements a quick look at the rate of community growth for the crypto. You may complement it by a quick assessment of developer activity on the token’s blockchain network.
Check upcoming crypto events
You will also want to keep tabs with the crypto market events if you want to know the next cryptocurrency to explode. Here, you get to hear from industry experts, celebrities, and macroeconomic influencers. These will often reveal the coins they are most bullish about. At times, policymakers will make macroeconomic pronouncements that have positive impacts on the market or specific cryptos.
Vet ICO/IEO/IDO listings
The best place to find the next altcoin to 10x, 100x, or even 1000x is the ICO listing. But finding the best altcoin is a skill that calls for thorough research skills. There are a number of factors you need to consider when looking for the best ICO token to invest in today. First, confirm that it has real-world utility. You will also want to vet its development team.
You may also want to confirm its venture capital backers and how much they have committed to the crypto project. Only go for altcoins that have the backing of industry heavyweights. We then encourage you to vet the coin’s tokenomics.
Keep tabs on crypto influencers
There are two types of crypto influencers. First is the legit group of influencers who vet a coin thoroughly before promoting it as the best altcoin to buy today. These will only promote legit projects that they, too have likely invested in. These are often sustainable crypto projects with solid fundamentals. Listen to these more.
There is another crop of influencers selling their services to the highest bidder. This has seen them dragged into scam crypto projects and rug pulls. Some have also been hired by third parties who wish to artificially inflate the price of an altcoin. These are reckless and do not conduct thorough research before backing a digital asset.
To identify the best crypto influencer to follow, check social media reviews and comments about any influence. Avoid them if they have been accused of shilling a scam altcoin.
Are New Cryptos More Likely to Explode Than Older Ones?
Yes, new cryptos are more likely to explode than older cryptos. In fact, it can be said that all old coins have only gotten to these levels because they exploded early. Note that by saying new cryptos are more likely to explode, we mean their growth rate. This concept is best explained using an example.
Take, for instance, Ethereum – a large-cap crypto and the second most valuable digital asset. ETH stormed into the last quarter of 2023, trading at around $1500. If it were to explode and recapture its 2021 highs, it would only need to rally 3x.
Take another example of Arbitrum – a new crypto that launched in March 2023. Heading into the last quarter of 2023, it was trading around $1. The altcoin has yet to set an all-time high price. Given its low market cap and increased adoption, however, it is expected to reach $15 by the end of 2025. This represents a 15X value gain.
The only upside of investing in the more established cryptos is that they are the more stable investments. They are secure investments because it would be very hard for ETH to drop to $0 suddenly. The same cannot be said of new tokens that are prone to hacks and rug-pull scams.
Where to Buy the Next Cryptocurrency to Explode?
The best crypto exchanges in the US have been quick to list many of the next cryptos to explode. They have oversimplified the registration and crypto-buying process. They have lowered the deposit and trade minimums and provide you with free crypto wallets. Importantly, they let you buy crypto with fiat and charge reasonable transaction fees.
The best altcoin exchanges have also integrated multiple trading and analysis tools into their platform. They also present you with adequate risk management tools. Below, we look at what we consider the best exchange for beginners to buy cryptos today.
eToro – Best Place to buy the Next Cryptocurrency to Explode
eToro is one of the safest crypto exchanges in the world. It has never been hacked and has also placed multiple security safeguards around client data and funds. It doesn’t share your sensitive information with third parties.
Further, eToro secures your account with a strong password. It even provides you with two ultra-secure digital wallets. First is the exchange-based wallet that holds 90%+ of your fees offline. It then provides you with a non-custodial digital wallet app for iPhones and Androids.
eToro is also the best place to buy altcoins today because of its user-friendliness. The multi-platform exchange has highly intuitive web and mobile crypto trading platforms. We also liked its affordability, seeing that you only need $10 to start buying crypto on the platform. This can be deposited via any of the many supported payment methods. These include PayPal, credit cards, debit cards, bank transfers, and eWallet like Skrill.
Additionally, eToro lists all the next cryptocurrency to explode that we have discussed above. When buying any of these, you will only part with a fixed fee of 1% of the trade volume. And since it is a multi-asset platform, it lets you diversify your portfolio by including stocks and ETFs.
Even more importantly, eToro has positioned itself as the best exchange for beginner traders. It not only hosts a demo account but also has the eToro Academy that teaches traders how to invest in crypto. It is also the best crypto exchange for active day traders. This is achieved by integrating multiple trading analysis tools. And if anyone wants to earn passively they can stake cryptos here or leverage the copy trading tool.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
How to Buy the Next Cryptocurrency to Explode
Now that you know what crypto to buy and where to buy cryptos, we will explore the buying process. This section walks you through the process of investing in cryptos like Ethereum on Crypto. It is straightforward, and you only need $10 to get started.
Step 1: Register a crypto account
Start by opening a free account on eToro.com. Open the official eToro website or download the eToro mobile trading app on the App Store or Play Store. Hit the “Join Now” button and complete the registration form that appears. It will seek to capture your basic personal information. You will also need to come up with a unique username for this account and a strong password.
Step 2: Verify your identity
The registration process on eToro is only considered complete after you have verified your identity. Simply submit a photo of your government-issued identification document to eToro. You will receive an approval notification via email within 24 hours.
Step 3: Deposit Funds
Log in to the verified crypto trader account and hit the “Deposit Funds” icon on your user dashboard. A funding tab will pop up, indicating all the payment options available to you. Click on your preferred payment method. Then, follow the prompts to make a deposit of at least $10.
Step 4: Identify the next cryptos to explode
Once the funds are reflected in your account, hit the “Discover” icon to reveal the financial instruments available. Select cryptos and you will be redirected to a page that lists all the best cryptos in the US today. Identify the next cryptocurrency to explode that you wish to buy.
Step 5: Buy the most promising cryptos
Assuming you want to buy Ethereum on eToro, hit the “BUY” option against the crypto. A trading tab will pop up, and you will need it to customize the trade. Simply indicate how much you wish to invest in the top trending cryptos. Hit the “Open Trade” button to execute the investment.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection.
Step 6: Set up the eToro Money wallet app
When you buy cryptos on eToro, their private keys are deposited in the exchange-provided wallet. Note, however, that eToro doesn’t transfer out to third-party wallets or exchanges. To transfer your crypto, you first need to move it from the trading account to the eToro Money wallet app. Start by downloading the wallet app on the Play Store or App Store.
Use the credentials created in step 1 above to log in. Link the wallet to the trading account and choose to move funds. eToro will charge you a 0.5% crypto transfer fee (capped at $50). After the private keys are reflected here, you can easily transfer them to any other wallet or exchange.
Conclusion – Next Cryptocurrency to Explode
There goes an exhaustive list of what our analysts and most investors consider the best next cryptocurrency to explode. These have a few features in common. They have a promising future, they are hugely resilient and are also obedient to market trends. Heading into 2024, these cryptos will rebound and rally between 10% and 400%.
Optimists are confident the Bitcoin ETFs will trigger a market-wide bull run. This will send most coins to a new all-time high. This will send most coins rallying to a new all-time high. And the resources we have provided hereinabove should help you learn how to vet the most promising cryptos.
Are you ready to invest in the next cryptocurrency to explode? Follow the step-by-step guide to buying promising cryptos on eToro. The process is quick and straightforward, and you only need $10 to start trading.
Reviewed and Fact Checked by Kamal Masri, Crypto Writer and Investment Analyst.
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Cryptoassets are a highly volatile unregulated investment product.
FAQs about the Next Cryptos to Explode in 2024
What is the next cryptocurrency to explode in 2024?
If the crypto market recovery extends to 2024, a number of coins will explode. Ethereum, however, tops our pick for the best next crypto to explode. We like it because it offers a balance of gains and investment security.
Which new crypto will explode in 2024?
Our analysis indicates two new cryptos will explode the most in 2024 and during the upcoming crypto bull run. These are ApeCoin Arbitrum tokens. Their adoption and utility have been on a steady uptrend, which will play a big role in triggering their breakout.
Will the market rally in 2024?
Yes, it is highly likely that the crypto market will rally in 2024. There are two key factors pointing to this. First is the approval of Bitcoin ETFs by the SEC, Hong Kong, and Australia and the second is the Bitcoin halving event in April. Both events have the potential to thrust Bitcoin and the larger crypto market to unimaginable heights.
Which cheap crypto will start rallying soon?
Virtually all the cryptos in the market are trading at hugely discounted prices. Despite recording serious developer activity in 2022, they continue to trade way below their 2021 highs. A recovering market has ignited a rebound and they are expected to break out soon.
Where can you buy the next cryptos to explode in the US?
eToro comes off as the best crypto exchange in the US today. It not only appeals to beginners but also draws in PRO investors. It also supports passive investing through crypto staking and copy trading. Plus, you only need $10 to start buying crypto on eToro.
How high will Ethereum reach in the next bull market?
Ethereum is one of the most volatile cryptos around. It then operates in the most unpredictable investing industries. There also are so many factors acting on ETH's future price action. These make it impossible for anyone to tell with utmost accuracy how high ETH will reach during the next bull run.