What Is The Next Crypto To Explode in 2024?

Now that we are at the beginning of a potential bull run, many existing and new crypto investors are looking for which coins will explode in 2024. In this article we will cover various projects to explore the next crypto to blow up with the potential to create a significant price increase in 2024.

With many altcoins and new crypto projects already making waves this year, it’s crucial to identify the best options in terms of project performance, use cases, and roadmap. Using these metrics, we highlight the potential coins that could explode in 2024 in this guide to help investors determine the best coins to invest in for returns this new year.

Sponge V2 ($SPONGEV2)

• $SPONGEV2 tokens can only be obtained by staking $SPONGE
• Stake your Sponge V1 tokens to recieve a V2 token bonus
• Earn more crypto with the SPONGE P2E game

Project Launched

December 2023

Purchase Methods

• 
  ETH
• 
  USDT
• 
  Debit

Visit now

Bitcoin Minetrix ($BTCMTX)

• Revolutionizes Bitcoin mining with an innovative stake-to-mine model
• Allows all crypto investors to earn passive BTC rewards
• A transparent and fair Bitcoin mining system that is accessible to anyone

Project Launched

September 2023

Purchase Methods

• 
  ETH
• 
  BNB
• 
  USDT
• 
  Matic
• 
  Debit
• +2 more

Visit now

Meme Kombat ($MK)

• A meme token with real utility
• Maximize your initial investment with competitive staking rewards
• Win crypto by correctly betting on the outcome of meme-based battles

Project Launched

September 2023

Purchase Methods

• 
  ETH
• 
  BNB
• 
  USDT

Visit now

eTukTuk ($TUK)

• Invest in the newest sustainable cryptocurrency
• $TUK tokens can be staked for passive rewards
• The eTukTuk project helps to develop sustainable initiatives for a greener future

Project Launched

January 2024

Purchase Methods

• 
  BNB
• 
  USDT
• 
  Debit

Visit now

What Does It Mean For a Crypto to ‘Explode’?

‘Exploding’ is a term used to describe an event during which cryptocurrencies skyrocket in value. Price explosions happen very quickly and send the value of a token upwards, often reaching a new all-time-high.

As it stands, there is no objective criteria used to determine which cryptos explode. However, explosions create huge spikes in price charts that breakaway from stagnant price movement. Some analysts class an ‘explosion’ as a point when tokens break through a resistance level which can be seen by conducting technical analysis.

How to Spot The Next Crypto to Explode in 2024

It is very difficult to guarantee that the price of a token will go up. However, there are a few ways that investors can increase their chances of investing in a crypto project that will provide returns.

Cryptos that have the potential to explode have robust fundamentals, strong utility and a good tokenomic design. Below are a few things to look out for when finding potential investment opportunities.

☑️Search for ongoing presales

Crypto presales provide investors with an opportunity to purchase new tokens before they are listed on exchanges.

During a presale, tokens are sold for a low price and will gradually increase at each presale stage. Therefore, early investors may be able to see returns by the time that the token is listed.

You can find upcoming presales on social media pages, crypto news sites and by using an aggregator. You could also use a platform such as Launchpad XYZ to stay up to date with the latest presale events.

☑️Look for tokens that are undervalued

Search for crypto projects with impressive teams and roadmaps that are not so popular. Usually, these coins tend to survive and grow outside social media hype, and they may be worth investing in.

A good way to spot undervalued tokens is to look at the market cap. If the market cap is lower than expected, this could be a sign that the project will do well during the next bull run.

☑️Focus on the utility of a coin

Utility refers to the real-life use cases of a crypto coin. Coins that have strong utility tend to maintain their value because investors are encouraged to hold instead of sell.

Crypto tokens can be used for staking, to participate in crypto games, to access governance, to purchase digital assets and much more. The more use cases that a token has, the more likely investors will be to hold it long term.

☑️Find tokens that are deflationary

Deflationary tokens like BTCMTX usually have a maximum supply, after which there will be no new coins minted. The coins are designed to reduce in quantity and become scarce to increase in value, making them great long-term investment options.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

A Closer Look at 7 Cryptos That Could Explode This Year

Crypto investors keen on making more money in 2024 can invest in one or more of the best initial coin offerings and altcoins for 2024 highlighted. We go into the full details of each token and its corresponding project. Keep reading.

1. Sponge V2 – The next crypto to explode in the meme coin space with a lucrative staking model

Sponge V2 is a new version of the popular SPONGE coin, but this time in a much improved version. The 2023 release of the coin has attracted a lot of interest from investors, despite the fact that the coin does not offer any utility cases.

In a very short time, it has managed to gather an entire community on Telegram and Platform X and has reached a market capitalisation of $100 million. With the announcement that SPONGE is launching a new version of its coin, the coin saw a 178% increase in December.

This time around, Sponge is changing the rules of the game and introducing a token to the market that offers utility to investors, not just fun and hype. The team plans to launch a P2E game that will fuel the project’s ecosystem and offer the opportunity to earn game credits and rewards in V2 tokens.

The pre-sale won’t be a regular one either, to get V2 tokens you’ll need to buy Sponge V1 coins first. If you already have V1, you can start betting to get access to V2. SPONGE owners will be able to lock their own tokens to receive passive rewards over time. With the addition of token utility, the locking mechanism will incentivise investors to maintain their investment in tokens, reducing the risk of selling.

The project team aims to list SPONGEV2 on major cryptocurrency exchanges. If this goal is achieved, the project could experience significant growth, rewarding early investors.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

2. Bitcoin Minetrix (BTCMTX) – The first stake-to-mine crypto and next cryptocurrency to explode

Bitcoin Minetrix is a new crypto project that provides a cost-efficient easily accessible way to start mining Bitcoin. With the Bitcoin halving happening in 2024 there has never been a more lucrative time to start mining BTC. Bitcoin Minetrix is a coin which is set to explode in 2024.

Bitcoin halving events historically create immense price action as it becomes more difficult to mine Bitcoin. Large scale mining facilities aim to expand their operations through upgrading hardware and increasing their mining capabilities with more hash power. This leaves the average person with a high barrier to enter into the mining space due to the high set-up costs and requirement of technical knowhow.

Bitcoin Minetrix aims to solve this with a transparent, easy-to-access, no maintenance way for anybody to mine Bitcoin. Currently, the Bitcoin Minetrix token presale is live and investors have the chance to purchase $BTCMTX tokens at an early sale price of $0.011. The platform introduces a stake-to-earn feature where users can stake $BTCMTX in order to earn mining credits. These cloud mining credits can then be burned in exchange for proportional hash power to mine BTC within the Bitcoin Minetrix mining facilities.

Unlike conventional cloud mining platforms which had questionable operations, Bitcoin Minetrix offers a fair, transparent and user-controlled way to mine Bitcoin. With its native ERC20 token users avoid having to pay upfront costs for cloud mining contracts and simply need to stake $BTCMTX to earn cloud mining credits. The button below will take you directly to the presale and users have the opportunity to stake during the presale to start staking up on $BTCMTX and start earning passive rewards immediately.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

3. Meme Kombat (MK) – The latest meme coin project to cause a stir on social media with long-term potential

Meme Kombat stands out in the meme cryptocurrency world with its unique approach. Instead of creating a new meme currency, the project focuses on creating a virtual battle arena for existing meme currencies. Meme Kombat brings a healthy dose of adrenaline to the world of memes, offering investors the chance to bet on the results of battles between meme coins. Bets can be placed exclusively through the project’s native token, $MK.

$MK is a deflationary token, meaning its supply is limited. The decrease in supply over time can lead to significant price increases – this is one of the main factors which can cause the price of the $MK coins to explode in 2024.

The launch of the project through a pre-sale campaign immediately attracted the attention of investors, and the sale of more than 40,000 USD in the first 24 hours demonstrates the confidence they have in Meme Kombat.

Meme Kombat offers meme coin enthusiasts the opportunity to enjoy competition, earn money and own a token with considerable growth potential. With an innovative approach and support from the community, this project is in a favorable position in the meme cryptocurrency market. Become an early holder of Meme Kombat tokens now for only $0.189.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

4. eTukTuk – buy and hold $TUK tokens to generate revenue when drivers charge their vehicles

It is estimated that there are currently 270 million combustion TukTuks around the world. These have a devastating impact on our environment, but are an essential part of the transport system, especially in developing countries.

eTukTuks are supposed to bring the solution.

eTukTuk is a crypto project that aims to noy only make eTukTuks known, but also to create an entire sharing economy around it in order to make the new concept successful.

Project is not just aimed at developing new vehicles. There will also be charging stations, an app and an economy in the form of smart contracts.

While the project is still in presale, the current presale price is $0,026, the developers are already coming up with new developments.

As the majority of people nowadays prefer environmentally friendly solutions, this could be the project that explodes in 2024.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

5. Bitcoin (BTC) – The world’s largest crypto by market cap that is rumored to experienced a bull run in 2024

Bitcoin is the world’s largest cryptocurrency by market cap and one of the best coins that are set to explode in 2024. Though the coin struggled for the better part of 2022, reaching as low as $16,000, some experts believe that this year could be the year the coin experiences a big rise.

With the Bitcoin halving scheduled for April 2024 and the call for more crypto regulations after the Terra Luna and FTX collapse, many investors are optimistic that 2024 will usher in another bull run.

Bitcoin price predictions range from $50,000 to as high as $250,000, so investors can take advantage of the current price and make profits upon the anticipated bull run.

However, it is important to understand that price predictions are not always accurate. Whilst many experts remain bullish on Bitcoin, some believe that the halving could negatively impact it’s price. Conduct thorough research before making any investment decisions.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

6. Ripple (XRP) – XRP could explode if it wins its case against the SEC

Ripple is another crypto with bullish price forecasts for 2024. The coin optimizes global cross-border payments, offering a faster and cheaper alternative to the popular Society for Worldwide Interbank Financial Telecommunication (SWIFT) bank transfer.

Ripple Labs has also joined Web3 climate startup Thallo and several other firms to build a blockchain-based carbon credit market.

However, the major driver of the coin’s growth may be the positive news after Ripple’s case with the Securities and Exchange Commission (SEC). So, investors can get the crypto early before the anticipated “buy” sentiment.

Ripple recently finished going through a case against the SEC, coming out victoriously. This sparked a rush of investors which caused the value of the token to increase in the latter part of 2023.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

7. Ethereum (ETH) – The blockchain network that powers most web3 applications and could go up in 2024

Ethereum is the last on our list of the best crypto for 2024. The crypto coin is the second largest in the world – after Bitcoin – and the Ethereum network has been the powerhouse for thousands of decentralized applications (dApps).

Though Ethereum’s price plummeted in 2022, there are exciting developments ahead of the project post-merge. For example, the Ethereum Shanghai upgrade took place, allowing investors to withdraw their staked ETH tokens. Sharding is also on the way to help reduce the network’s gas fees, and all of these factors could come together to give Ethereum a massive bull run in 2024.

Recently, the crypto market has been anticipating the launch of a Bitcoin spot ETF. Some investors believe that this could mean an Ethereum ETF is also on the way, which would bring an influx of investors. If the ETF is approved, investing before it’s launch could be one way to profit from a potential price increase.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Conclusion

In 2024, there are a number of promising crypto projects that have the potential to explode in 2024. We have explored 9 different tokens that have bullish price predictions, strong utility and promising roadmaps. After spending time researching each token, we found Sponge V2 token, Meme Kombat and Bitcoin Minetrix to be the most promising cryptos to consider.

Crypto tokens explode when project’s receive an influx of investors which is usually driven by a notable event. It is possible to find tokens pre-explosion by conducting fundamental and technical analysis.

However, it is very difficult to guarantee that tokens will increase in value and all investments come with risk. You should implement risk management strategies and conduct thorough research before buying any tokens in 2024.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Frequently Asked Questions