Home Best Crypto Exchanges What Is The Next Crypto To Explode in 2024?
Maryam Jinadu
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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.

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

The Next Crypto To Explode in 2024 According To Our Research

As stated earlier, there are numerous exciting crypto projects to invest in. We quickly overview the best crypto coins that will explode, from meme coins, DeFi projects and altcoins for 2024 to help investors streamline their decision-making process.

  1. Sponge V2 (SPONGEV2) – Sponge V2 is a new version of the popular SPONGE coin, but this time in a much improved version. 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.
  2. Bitcoin Minetrix (BTCMTX): The Bitcoin Minetrix presale raised $100k within minutes of launching. The cryptocurrency project introduces a revolutionary stake-to-mine concept that makes it possible for anyone to mine BTC from their homes.
  3. Meme Kombat (MK): Meme Kombat pits popular meme characters against each other in virtual combat. Token holders can bet on the outcomes of these battles to win crypto rewards. Early investors can also stake their tokens for an APY of 112%. Meme coins have a history of ‘exploding’ after presale so it is not farfetched to suggest that $MK could see the same success.
  4. eTukTuk ($TUK) – committed to provide affordable electric vehicle solutions to developing countries. The eTukTuk is designed to be safer and more reliable than traditional tuk-tuks. $TUK tokens are now in presale and you can buy them for $0,026.
  5. Bitcoin (BTC): After a period of low activity, Bitcoin recently pushed to $65,000. The reason for the sudden price jump is the upcoming Bitcoin halving that has sparked a bull run in the crypto space.
  6. Ripple (XRP): Ripple is a popular cryptocurrency that has made headlines for its ongoing case against the SEC. If Ripple wins the lawsuit, the token could see significant growth. Therefore, many investors believe that the token is currently undervalued.
  7. Ethereum (ETH): Ethereum is the second largest crypto and the blockchain network that powers most major DeFi applications. Ethereum is set to explode as the mass adoption of crypto creeps closer. This is because ETH tokens are used across a number of decentralized finance applications to facilitate transactions.

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.

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.

wall street memes price chart next crypto to explode

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.

Will 2024 Be a Good Year for Crypto?

After the turmoil in the crypto industry in 2022, experts believe 2024 will usher in another bull run for the entire crypto market due to many reasons. Firstly, the Bitcoin halving will occur in early 2024 and historically the crypto markets have seen upticks prior to the event. We expect a similar scenario will play out, as mining difficulty increases and block rewards half, the Bitcoin price must increase significantly to match the cost of mining.

This paired with the increase of mainstream attention, with the likes of Blackrock and other financial giants pushing for institutional adoption, ripens the crypto market for positive years ahead. The commercial attention of cryptocurrencies will lead to more retail and institutional investments that will drive the rise of the cryptocurrency markets.

With the factors above in consideration there has never been a better time to start mining Bitcoin. A new project is setting the foundations for the average person, from beginners to long time crypto enthusiasts, to mine Bitcoin in an simplistic way without the need of expensive set-up and operational costs. Bitcoin Minetrix gives users the chance to earn cloud mining credits by staking the native token $BTCMTX, and start mining BTC to earn passively.

This project is launching at the optimum time with the presale currently ongoing with tokens available at a pre-launch price of $0.012.

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.

Buy SPONGE V2 on official website

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 next crypto to explode

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.

Meme Kombat what crypto will explode

$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 - buy and hold $TUK tokens to generate revenue when drivers charge their vehicles

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.

bitcoin next crypto coin to explode

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 what is the next cryptocurrency to explode

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).

ethereum what is the next crypto to explode

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.

How to Invest In Coins That Will Explode Through Presales in 2024

The best way to invest in tokens that could explode is through crypto presales. Presales provide an early entry point to new tokens at a very undervalued price. In the next section of our guide, we will take a closer look at how to invest in presale in 2024.

Step 1: Navigate to the presale website and read through the whitepaper

Read more on each project on the project’s website or go through the project whitepaper provided on the website to understand the project better and determine if it’s right for you.

Step 2: Purchase ETH from eToro

The crypto presale tokens that we have discussed in this guide are built on the ethereum blockchain network which means that you must hold ETH tokens to participate in the presale.

If you don’t already own ETH, you can buy it from eToro or any other popular exchange. Make sure that you purchase enough to cover transaction fees.

Step 3: Move ETH into a crypto wallet

Transfer the purchased ETH into a self-custodial crypto wallet like MetaMask or Trust Wallet.

Step 4: Connect your crypto wallet to the presale

After sending your tokens to a wallet, connect the ethereum wallet to the presale site. We recommend using a secure internet to do this to prevent hackers from accessing your funds.

Step 5: Swap ETH for the presale tokens

Swap ETH (or similar) for the presale tokens by entering the number of tokens that you want to buy and confirming the transaction.

Step 6: Wait for the presale to end to claim tokens

You might have to wait for the presale to end to be able to claim your tokens.

Do not worry if the tokens don’t appear in your wallet as soon as your purchase them. You will be able to obtain them when the presale is over.

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.

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.

sponge v2 crypto that could explode

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

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Maryam Jinadu

Maryam Jinadu

Maryam Jinadu is a freelance crypto & fintech writer. After completing her pharmacy degree at the University of Lagos, Nigeria, in 2018, she began writing professionally in fintech. She has worked with top fintech/crypto companies such as Bit.com, Equalizer, Koinly, Olymp Trade, Salesgnomics, Scribbr, and Swapzone. She currently freelances on Upwork and writes weekly reviews at 18digits.com. Maryam lives in Manchester, United Kingdom.