In this guide, we will introduce you to what we consider the next cryptocurrencies to explode this year. These have one of the highest growth potentials, are proven to be most resilient, have solid fundamentals, and are expected to have the fastest rebounds.
Let us discuss these potential crypto coins below, learn how to find them, and where to buy them.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fishing for the next crypto to explode from a pool of close to 24,000 digital assets can be quite overwhelming. Our team of dedicated crypto analysts and investors has researched numerous projects and narrowed it down to 10 hugely promising digital assets that they consider the top crypto to invest in for maximal gains in 2023.
In the next section, we discuss some of their core features and tell you why they are worth investing in today. We will also look at how they performed in the past and explore their projected long-term price direction.
A Closer Look At The Best Next Cryptos To Explode
Our analysts and the majority of investors and forecasters are confident that the following best cryptocurrencies will have the fastest rebound. They, thus, have the highest potential of helping grow your crypto portfolio this year – when the crypto market is expected to start recovering.
1. Injective (INJ) – High Potential Cryptocurrency Set To Explode
DeFi is one of the fastest-growing aspects of the crypto market. That’s why Injective (INJ) makes it to the list of the next cryptocurrencies to explode soon. Injective is revolutionizing the future of DeFi applications by enabling robust interoperability on its open-layer-one blockchain.
Through its plug-and-play financial infrastructure primitives, businesses and users can access several advanced utilities.
These include high-speed on-chain decentralized exchanges, bridges connecting different blockchains seamlessly, reliable oracles that feed real-world data into smart contracts, and an upgraded smart contract layer powered by CosmWasm.
By unlocking these infrastructural elements, Injective opens many opportunities for developing and deploying next-generation DeFi solutions.
These capabilities put Injective at the forefront of DeFi, a massively undervalued market with lots of growth potential. Despite the infamous volatility still experienced in the crypto market, decentralized finance (DeFi) is currently at a fascinating juncture.
Sitting at a market cap of $52 billion, DeFi is a tiny drop compared to its 2021 highs and the broader crypto market, which stands at $1 trillion. With this comes great potential for cryptocurrencies ranking highest on the DeFi ladder, like Injective.
These coins have access to phenomenal growth opportunities as adoption from professionals and casual investors continues to grow.
Investing into these coins now could result in parabolic gains once more people become aware of their functional-value proposition, turning what’s currently seen as a slight drop in the grand scale of things into something much more significant than anyone ever thought possible.
Injective also provides investors with a huge opportunity for growth due to its impressive tokenomics. With 100 million tokens available and a market capitalization lower than one billion, there has never been a better time to invest in this new cryptocurrency.
Because the supply is limited, a surge in demand for cryptos could see Injective deliver explosive growth to investors.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Filecoin (FIL) – Next Crypto To Explode With 10x Potential
Filecoin tops our list of the next crypto to explode thanks to its current undervalued price. Compared to its all-time high of $237.24, Filecoin price prediction is now at a discount of 96%.
While many altcoins drop and never recover from bear markets, Filecoin is taking a more positive trajectory. In the recent cryptocurrency rally that saw the market cross the $1 trillion mark, Filecoin was among the ones that recorded the most gains. That's an indicator that investors are keen on this undervalued altcoin.
Besides, Filecoin is one of the best altcoins in terms of fundamentals. It strives to provide an efficient and secure way to store precious data in a decentralized format. Instead of relying on large, centralized sources that pose the risk of data leakage and potential manipulation, Filecoin decentralizes information through a distributed network of peers.
This ensures that no single entity can control the information stored within the system; instead, it remains spread across multiple reliable sources. With encryption security and blockchain technology, users are assured that their data will remain private and secure while boasting fast retrieval speeds.
Filecoin can disrupt the data market controlled by big tech and is worth billions of dollars a year. With such a use case, Filecoin is one of the best cryptocurrencies to buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. MultiversX (EGLD) – New Crypto to Explode With Next-Gen Scaling Capabilities
Next to the list of the best crypto to explode is MultiversX. The new smart contracts blockchain project has made it to the list of new cryptocurrencies to explode soon. In the last mini crypto rally, MultiversX emerged as one of the top performers, with gains of over 20%.
MultiversX is an undervalued cryptocurrency that could explode in value because it offers a solution to one of the biggest challenges to blockchain - scalability.
MultiversX provides something revolutionary. With their new application of sharding technology, users can run smart contracts on their platform to transact at breakneck speeds.
Previously tested with peak loads of more than 15,000 transactions per second, this technology ensures that execution times are drastically reduced while maintaining a secure performance level.
Plus, MultiversX platform can handle complex multi-party data flows without any bottlenecks. With such capabilities, MultiversX brings unprecedented power to digital transactions and how people use them daily.
These use cases and the fact that MultiversX token price is at a discount of 90% from its all-time highs make it a token with the potential to explode soon.
4. Stacks (STX) – Hot New Crypto To Explode Bringing Smart Contracts To Bitcoin
Stacks can’t miss in the list of the next cryptocurrency to explode. That’s because it has a strong use case that is only likely to grow bigger over time.
Stacks is one of the best new cryptos that is looking to bring smart contracts to the Bitcoin network. This is a big deal because Bitcoin is today's most secure and stable cryptocurrency. By making it programmable, Bitcoin can outcompete most smart contract platforms available today.
Besides this strong use case and increased buying momentum, Stacks is a massively undervalued altcoin compared to its last all-time highs. Currently, Stacks price is more than 79% off its 2021 highs.
If it sustains the current moment, Stacks is a cryptocurrency that could do 10x or more in the foreseeable future.
5. Conflux (CFX) – Next Crypto To Explode Due To The Asian Market
Conflux is a new crypto that makes it to the list of the next cryptocurrency to explode. One of the most significant factors that make Conflux an undervalued cryptocurrency to buy now is its potential for growth in the Chinese market.
Conflux is the only public chain with regulatory approval in the Chinese market, which means many Chinese investors are likely to buy into it. For a huge market known to move crypto prices in the past, it's easy to see why Conflux is a top cryptocurrency set to explode in value.
Besides the potential to benefit from the Chinese market, Conflux's technical fundamentals are also good. Conflux is a cryptocurrency that has solved scalability without compromising decentralization and network security.
Conflux can do this thanks to its use of a tree-graph consensus algorithm. This consensus algorithm allows for the parallel processing of blocks, significantly increasing the speed of completion. This will enable Conflux to serve the purpose it is designed to serve efficiently, connecting markets, content creators, and others globally.
As hype grows around Conflux’s connection to the Chinese market, the Conflux token price could surge by thousands of percentages in the near term.
6. Woo Network (WOO) – Zero-fee Exchange All Set For 100X Gains
Woo Network makes it to the list of top cryptocurrencies to explode for its strong use case. This decentralized exchange is quickly gaining momentum as a top crypto exchange, drawing traders' attention to a better way to transact cryptocurrencies without paying massive fees.
As more people learn about the advantages of using a DEX like Woo Network – no conversion fees and speedy transactions – there is a good chance that this platform will become a serious competitor to traditional exchanges.
Besides its potential to disrupt the crypto exchange market, Woo Network is an undervalued cryptocurrency that could explode due to its heavily discounted price.
Compared to its all-time highs of 2021, Woo Network’s token price is down by 89% from its all-time highs. This means it has a lot of room to grow, especially now that its adoption is on a growth trajectory.
7. Ethereum (ETH) - Overall Best Next Cryptocurrency To Explode In 2023
Several factors make Ethereum the best next crypto to explode in value. The first is its unmatched resilience, which indicates that ETH will most likely survive this market downturn. That it will recapture its 2021 peak prices and most likely set aim for a new price record as soon as the market starts recovering.
Ethereum's past price action has also proved to us that ETH token prices will rise and fall in line with the rest of the market. Therefore, possible recovery this year will go a long way in pushing up Ethereum price prediction.
Secondly, the majority of analysts, investors, and forecasters are convinced that Ethereum is yet to cash in the recent developments that took place on its network. In particular, they argue that the ETH is yet to price in The Merge – the historical transition from the PoW to the PoS consensus mechanism.
Therefore, as soon as the market starts recovering, they expect ETH tokens to quickly gain the 400% needed to recapture its November 2021 all-time high and race to a new price record.
Additionally, there have been a lot of developments, collaborations, and program launches in the Ethereum ecosystem throughout the contraction period. These have helped make ETH more popular and increased its use cases while the new-staking program removes significant portions of ETH from circulation. These are all expected to catapult ETH prices to unprecedented heights both over the short and longer terms.
8. Ripple (XRP) - Top Pick for the Most Popular Crypto with Great Rebound Potential
Ripple is as popular as it is controversial. At the moment, its developers are embroiled in a legal battle against the SEC in US federal courts, battling accusations that they promoted and sold unregistered security to the public. We nevertheless, still consider the best cryptocurrency to buy.
It ranks this high on our list of next crypto to explode because of its resilience. Despite the ongoing legal battle and the negative press around, Ripple has sustained an overall positive uptrend - with its ROI exceeding 5800% - and its position among the top 10 most valuable cryptocurrencies. Investor interest in the altcoin hasn’t been deterred, Ripple's popularity has soared, and its community has grown steadily.
We feature among the next crypto to upload because of the relevance of its blockchain and the applicability of the XRP tokens. It seeks to make global payment services more efficient by increasing the speeds of cross-border cash transfers while lowering transaction fees. It has already been embraced by major banks in more than a dozen countries. We believe the SEC case is the only thing limiting its eventual explosion.
Additionally, there have been a lot of developments in the Ripple ecosystem. The number of banks interested in partnering with the network has, for instance, increased exponentially. These gains have, however, been overshadowed by the court proceedings and are not priced in yet.
A positive verdict is therefore expected to trigger a massive value gain for XRP price – which further affirms its position among the next altcoins to explode in value.
9. Cardano (ADA) - Top Pick for the Most Secure Blockchain
Cardano is the largest smart contract platform running on the energy-efficient proof of stake consensus algorithm. It also ranks highly among the most secure blockchains seeing that all the programs and upgrades on Cardano have to be peer-reviewed before implementation.
This has helped draw in security-conscious crypto developers and brands to the network in droves.
But these aren’t the only reasons why we believe it will be among the next cryptocurrencies to explode. Others include its resilience and stellar past price action.
For starters, the supposed Ethereum-killer has sustained an overall positive uptrend. It has also proved its resilience by rebounding swiftly after some of the most devastating market crashes.
Over the next year, a recovering crypto market is expected to spark its explosive rally towards its 2021 highs. A growing crypto community, in-network developments, and partnerships with leading brands are then expected to fuel further uptrend and a possible climb past $1.5 in the next 5 years.
But these notable achievements notwithstanding, Cardano remains one of the most undervalued altcoins. We, therefore, feature it among the top 10 next cryptocurrencies to explode because we expect it to begin price coercing upwards soon.
To understand how the price driver is expected to influence ADA’s expected value gains, we first need to understand that it has only been this undervalued crypto because of its low dynamicity.
Most recently, however, Cardano started to address this challenge by speeding up its integration of emerging crypto technologies – starting with the smart contract feature. Moving forward, we expect it to onboard more technologies that will improve ADA’s use cases – effectively pushing up ADA's token price.
Other factors that help it make it here include its proven resilience and growing collaborations with both off- and on-chain brands. Not forgetting its respect to the crypto market direction – rising when the market rallies and vice versa.
10. ApeCoin (APE) - Top Pick for the Most Promising Altcoin
ApeCoin is relatively a new crypto asset and it is added to our list of the next cryptocurrencies to explode in value because of its massive popularity. It also makes it here because of its stellar past price action and the level of development taking place in the ApeCoin ecosystem. In the three months that it has been around, it already has an ROI exceeding 500%.
We observe that highly potent coins like Solana and Shiba Inu that launch under near-similar circumstances eventually broke into unimaginable highs during the next market recovery. And we expect ApeCoin to follow this trend and break into a massive run over the next few months.
But this isn’t the only reason why we believe ApeCoin to be among the next cryptos to explode this year. We also expect it to leverage different crypto crazes on its journey up – starting with a revived meme frenzy, the NFT craze, and the metaverse frenzy. All these, plus APE’s solid base of supporters – most of them celebrities and crypto influencers – are expected to play a critical role in driving up the APE token’s price prediction.
11. Solana (SOL) - Next Smart Contract Blockchain Token to Explode
Solana is the fastest-growing blockchain ecosystem, the best Ethereum alternative, and another next cryptocurrencies to explode. It has performed exemplarily well in the past, rallying by more than 130000% in less than two years and also proved its resilience by surviving the volatile 2021 market crash but even more importantly, it has solid fundamentals and a hugely promising future. And all these influenced our decision to feature it here.
Note that over the last year, Solana has lost more than 80% of its peak prices. But we still include it here because we expect it to post a swift rebound that helps it gain the 850%+ needed to recapture the November 2021 highs.
We must also observe that for the past few months, Solana has been engaged in an aggressive expansion campaign for its ecosystem. This saw it integrate virtually all the most popular emerging crypto technologies, including Web3, NFTs, Metaverse, P2E games, DeFi, dApps, and more. Several massively popular crypto programs and tokens have also been launched here.
Not forgetting that the number of on- and off-chain brands looking to build on the Solana network are on the rise. All these are expected to increase the use cases for Solana tokens – effectively pushing up SOL price. And they, alongside a recovering market, add to the reason why we consider Solana among the next altcoins to explode.
12. Shiba Inu (SHIB) - Top Pick For Next Meme Coin to Explode
Shiba Inu is one of the most popular and valuable meme coins. It has a reputation for resilience and an uncanny ability to record some of the fastest rebounds after a crypto market dip. This makes SHIB one of the best meme coins to buy before a crypto market rally and among the best cryptocurrencies to explode.
This reputation was earned during the early 2021 crypto market rally when SHIB token prices rallied by more than a million-fold in less than three months. It would then post an equally speedy rebound after the mid-May crypto market crash, effectively rallying to its current all-time high.
We, obviously, do not expect it to post similar growth rates any time soon. But several factors influenced our decision to feature it among the next altcoins to explode in value. These range from its massive popularity from celebrities and crypto influencers who won’t shy away from instigating artificial price pumps to boost SHIB price prediction.
Additionally, a recovering crypto market, together with the many positive developments taking place in the Shiba Inu ecosystem, are also expected to trigger a value gain for the meme coin.
13. Decentraland (MANA) - Most Promising Metaverse Token 2023
Decentraland is one of the most popular and the most promising metaverse projects, which ensured we feature it on our index of the next cryptocurrencies to explode.
Decentraland is the oldest metaverse and therefore, enjoys the first-mover advantage that has helped it morph into the largest and most valuable virtual world. This has also helped it score crucial partnerships from leading on- and off-chain brands.
Decentraland is the pioneer metaverse project and one of the most popular virtual world projects. This popularity is evidenced by the many on- and off-chain brands looking to partner with the metaverse. And they include Samsung, JP Morgan, Adidas, Coca-Colas, Starbucks, and more.
These have bought parcels of virtual land on Decentraland and are looking to build projects here. This has helped prop up investor interest investors earn interest in the project and its MANA tokens.
They have also helped these tokens sustain an uptrending price action since their launch. And when the market recovery kicks in, we expect MANA price prediction to resume its 2021 rally, recapture its all-time high, and race to a new price record. And this is the primary reason why we included it in our basket of the next crypto assets to explode this year.
Other reasons why we feature it here include the fact that we expect its massive base of supporters and leverage of different crypto frenzies to help catapult MANA tokens to unimaginable heights in 2023. The metaverse, for instance, already incorporates NFT technology and is expected to increase the number of play-to-earn games on its network. These are expected to burst into massive trends that will most likely drive MANA token prices to record highs.
14. Binance Coin (BNB) - Next Crypto to Explode Among Exchange Based Coins
The Binance Coin is the utility token for the Binance exchange and the native token for the fast-growing Binance Smart Chain. The altcoin launched in late 2017, and by the time it peaked in late 2021, it was trading more than 450000% above its ICO price. Today, however, it has dipped and is trading more than 60% below this all-time high.
Such a massive dent to its prices notwithstanding, we still include it in our basket of the next cryptocurrencies to explode. And we feature it here because it has proved to be one of the most resilient altcoins.
But even more importantly, we include it here because Binance is committed to the regular burning of BNB tokens. This reduces token supply, which alongside a recovering crypto market, fuels its future gains.
Three key factors have us convinced the Binance Coin is ready to explode. First, Binance and the Binance Smart Chain are constantly increasing use cases for the BNB tokens - from transaction fees to staking on DeFi platforms. Secondly, Binance is constantly burning excess Binance coins.
Lastly, Binance is a resilient altcoin and adjusts quickly to the market - dipping when it crashes and forcing a bull run if it rallies. We expect these to spark BNB price explosion and a rally to $1000 by 2025.
We must also recognize that over the last few months, Binance was engaged in an aggressive acquisition and partnership campaign. This saw it on board a lot of crypto brands, programs, and protocols that increase BNB token’s use cases, which will effectively push up the token prices to unprecedented heights.
15. Uniswap (UNI) – Next Cryptocurrency to Explode in the DEX Niche
Uniswap is the largest and most popular decentralized crypto exchange. Established in 2018, it has since onboarded more than 3 million crypto traders and investors who have traded more than $1.1 Trillion worth of crypto and locked more than $7 Billion in its liquidity pools.
These, alongside its resilience, helped keep UNI price on an uptrend, which is one of the reasons why we list it in our index of the next crypto coins to explode in value.
We also feature it here because its growing use case is expected to have a significant impact on its prices. Note, for instance, that the Uniswap exchange has been integrated into 300+ crypto dApps and programs.
That the number of traders/investors registering with the DEX is on a sharp uptrend as more crypto enthusiasts turn to privacy-focused crypto exchanges heightens. And all these are expected to help push up UNI token prices.
16. Bitcoin (BTC) - Overall Best Cryptocurrency to Buy in May 2023
Bitcoin is the largest, most popular, and most undervalued cryptocurrency and valuable digital asset in the world today. It is also considered the most stable of the cryptocurrencies. But even more importantly, it is considered the most resilient in the market, as evidenced by its swift recovery from the 2013, 2017, and 2021 crypto market crashes.
We, therefore, list it among the top 10 next cryptocurrencies to explode this year because we expect it to survive the current dip and rally to new heights during the next market rally.
We also include it here because there have been a lot of developments around the coin that are bound to trigger an uptrending bitcoin price action. These include the increased adoption of Bitcoins as a payment option and legal tender by most companies and even nation-states. They increase the demand for BTC against a fixed supply of 21 million tokens – which only serves to drive up its value.
Additionally, Bitcoin has one of the most promising futures and the backing of the most reliable blockchain technology. By the turn of the decade, for instance, the crypto market is convinced that it will have grown its current worth by more than 5000% to break above $1 Million. We, therefore, feature it among the next altcoins to explode anytime because we expect the journey to this level to begin in the next few months when the market starts recovering.
More Potential Cryptocurrencies To Explode This Year
Below are some of the next potential cryptocurrencies that could be up for a major bull run.
Avalanche (AVAX) was a relatively obscure cryptocurrency in early 2021. However, things have changed, and it is now one of the largest cryptocurrencies by market capitalization.
Avalanche has made a name for itself as a fast, low-cost, and secure platform for launching Dapps. These metrics have seen its ecosystem of Dapps grow exponentially, and it continues to expand. Now that Avalanche is also venturing out to create a Metaverse platform, it has the potential to explode in value this year.
Check Out: Avalanche (AVAX) Price Prediction
2. The Sandbox
The Sandbox is one of the best cryptocurrency performers of 2021. Since it launched in 2020, SAND is up by 16,500%. SAND’s potential going into 2023 is linked to the popularity of the Metaverse. The excitement around the Metaverse has been building up lately, partly due to Facebook’s forays into this space.
Sandbox is best known for its fast-growing play-to-earn gaming ecosystem. However, Sandbox is also getting into other aspects of the Metaverse that will entrench its position in the market. For instance, earlier this year, Sandbox announced that it was collaborating with Warner Music to host live concerts on the Sandbox Metaverse.
As its adoption grows and hype around the Metaverse grows, Sandbox makes for good cryptocurrency investment today.
As the Metaverse continues to grow in popularity, new Metaverse cryptocurrencies are uniquely positioned to explode in value. One of the newer Metaverse tokens that are uniquely positioned to explode is Render (RNDR).
Render is a new kind of network that connects digital creators with anyone who has someone free unused GPU power and is okay with renting it out. Using Render tokens, artists can pay these providers for services rendered in real-time, without any middlemen involved or additional fees added on top.
Given that the Metaverse needs a lot of computing power to take off, Render is likely to be one of the more viable alternatives for digital creators. This makes RNDR a pretty good cryptocurrency investment to bet on.
Besides its strong fundamentals, Render was recently listed on Coinbase, a top cryptocurrency exchange globally. This makes Render token available to more investors, which is a plus in driving demand.
Illuvium (ILV) is one of the fastest-growing Play-to-Earn gaming platforms in the market. In Illuvium World, a player captures creatures known as Illuvials that can be stored as NFTs and traded for ILV tokens in a crypto wallet.
With the Metaverse growing in popularity today inspired by the successes of 2021, new projects like Illuvium are likely to draw a lot of investor interest. ILV has what it takes to explode.
5. Oasis Network
DeFi is growing exponentially, and billions of dollars continue to flow into this market. One area of DeFi likely to record exponential growth in the future is private smart contracts. This allows for more sophisticated DeFi products such as under-collateralized loans.
Oasis Network (ROSE) is one of those that make it possible for private smart contracts to happen in DeFi. Adoption has grown steadily, and as DeFi grows, Oasis's odds to explode in value.
Aave (AAVE) has built a name as one of the best DeFi protocols for borrowing and lending crypto. This has a lot to do with Aave's features that make it possible for borrowers to shift between fixed and variable interest rate loans easily.
Since Aave token holders enjoy special discounts when lending and borrowing crypto, Aave could explode in value due to growing demand.
Should You Invest In The Next Cryptocurrency To Explode?
Finding the next big cryptocurrency is not easy. In a market full of scams and low-quality crypto coins, finding the next big coins can take a lot of time and effort.
Ideally, if you are looking for a high ROI in a short time, you might want to look into small-cap cryptos. However, these come with many risks, including the fact that such cryptos can die out overnight. To lower such risks, it is always best to invest in a mix of big cryptocurrencies or even go for cryptocurrency stocks.
Even this strategy can fail you, though. In 2021, solid cryptocurrencies underperformed while dozens of meme coins with no fundamentals went on to give thousands of percentages in gains.
You can't go far by trying to predict the market. You will end up disappointed with the market. That said, crypto, like all other markets, is all about taking risks. By investing in cryptos with high growth potential, you significantly increase your odds of success. It is all about balancing risks and rewards without overexposing yourself in the market.
Cryptocurrencies To Explode For Potential Growth
If you want to profit from the next big cryptocurrency, the first thing you need to do is keep an eye on the market capitalization.
The higher the market capitalization of a cryptocurrency, the lower the chances it can give you 1000x in gains. The logic is pretty simple; there is only so much money available to go around.
For instance, it would be too ambitious to expect Bitcoin to do 1000x from its current price. That would give it a market capitalization in the 100s of trillion of dollars, much bigger than the world economy. Essentially, it would mean that all the money in the world would be going into Bitcoin, which is illogical at best.
On the opposite end of the spectrum, it is an unnecessary risk to invest in a cryptocurrency that has a very low market cap, of say, less than $100k. While you can strike gold if such a cryptocurrency rallies, there is a good chance that you could be falling into a scam.
Low cap cryptocurrencies are also heavily prone to pump and dump. That’s because just a single sale or purchase can move the price by a huge margin. As such, chances of being dumped on and being left with worthless bags are pretty high.
How To Find The Next Cryptocurrency To Explode
Finding the next cryptocurrency to explode doesn’t have to be complicated. Here are a few considerations that you need to pay attention to when determining the best crypto to invest in today:
- Resilience: Your preferred crypto should have a history of proven resilience. This refers to the ability to rebound quickly after a market crash.
- Price action: Your preferred cryptocurrency should also have a history of stellar price performance. It should have an overall uptrending price action and is expected to sustain this momentum in the short to longer terms.
- Fundamentals: It should also have solid fundamentals. These range from the coin’s token supply, its use cases, the relevance of its underlying blockchain technology, and its developer team.
- Adoption/collaborations: It is also important that your preferred crypto coin and blockchain technology have real and urgent use cases. And this is best evidenced by its adoption or collaborations with both on- and off-chain brands.
Cryptocurrencies and tokens launch daily, adding to the already extended volume of 19000+ coins in existence. As we mentioned earlier, going all through these whitepapers and reviews to find the next cryptocurrency to explode and the best coin to invest in can overwhelm even the best of us.
So how do you go about finding the best crypto to buy today with the most potent of growing your investment several folds in future? Our analysts share the top three tricks they use to find the most promising cryptocurrencies.
Crypto news, in both the mainstream media or reputed online news sites and blogs, can be useful resources in helping you identify the next cryptocurrency to explode. In most instances, the news may shine a light on a specific coin or a group of coins and set them off for a lift-off. The meme craze in 2021 was, for instance, majorly fuelled by the news and some like Dogecoin started making headlines before their price exploded.
Participate in social media discussions
Most crypto industry platers, from influencers to investors and even traders, congregate on such social media platforms as Twitter, Reddit and Telegram. Here, they share hot topics in the crypto, discuss emerging trends in the crypto space, and initiate crypto trends or price pumps. By following crypto discussions in these networks, you learn of crypto trends and hot topics that you can use to identify the next crypto to explode.
Check out ICOs
Some of the greatest crypto riches were made by individuals who participated in ICOs. But with a lot of scam ICOs, there are a few factors you ought to consider when looking for the best ICO to invest in. These include vetting the crypto project developers, assessing the relevance of crypto projects, checking the urgency of the problem it seeks to solve, and its tokenomics. Only invest in a crypto that seeks to solve a real and urgent problem in the society, is created by reputable developers and has healthy tokenomics.
The coin supply is an important measure of crypto prices because, at the end of the day, it is about demand and supply. When there is an excessively huge amount of cryptocurrency, the price can remain stagnant for long. Most importantly, pay attention to the circulating supply v total supply when it comes to supply.
If the circulating supply is less than 50% of the total supply, the price can stay stagnant for long. That’s because, as new coins/tokens enter circulation, they will put downward pressure on the price. This mostly happens to cryptocurrencies that overall have low demand levels.
Volatility is good because it means the cryptocurrency you are buying can make you a lot of money in a short time. However, it also means that you can lose almost all your capital if things go south. Remember, this is a market where corrections of more than 90% are quite common in bear markets. Essentially, the less volatile a cryptocurrency is, the safer it is as an investment.
Daily trading volumes
Volume measures how much of a cryptocurrency has changed hands in a span of 24-hours. Volume is an important metric because it gives you an idea of how liquid a cryptocurrency is. As a rule, the more liquid a cryptocurrency is, the better it is an investment. That’s because the actions of a single market player cannot hurt your portfolio. With illiquid cryptocurrencies, just one person selling can tank the price.
This is the rate at which a cryptocurrency changes hands within 24 hours. If the turnover is too high, especially for new cryptocurrencies, it could mean that the founding team is dumping on new investors. For more established cryptocurrencies, it could mean that big news is coming up and investors are buying in expectation of a pump, or selling in anticipation of a dump.
Where To Buy The Next Cryptocurrency To Explode This Year
Having read this far, you now know what you need to look out for when finding the next cryptocurrency to explode anytime. We have also told you about the best cryptos with the most potent to blow up in the next few months. But where can you use these digital assets today?
Here are our three top picks for the best exchanges to buy cryptocurrencies today:
1. eToro – Best Crypto exchange for user friendliness and copy trading
eToro is one of the most beginner-friendly crypto exchanges. It has a highly intuitive interface, lists all the popular cryptos, lets you start investing with as little as $10, supports a wide array of deposit/withdrawal methods, and gives users free digital wallets. You will also have access to copy and social trading tools that let both beginner and expert investors earn passively.
2. Crypto.com – Best crypto exchange for passive investing
Cryto.com is an equally popular and user-friendly crypto exchange. It lists more than 200 cryptocurrencies and more trading pairs only needs a $20 deposit/trading minimum, gives users free wallets, and maintains ultra-fast transaction processing speeds. But more importantly, it runs a staking tool that pays investors up to 14.5% interest on staked digital assets.
3. Binance – Best crypto exchange for low trading fees
Binance is the largest and most liquid crypto exchange in the world. It also lists the widest range of cryptocurrencies and trading pairs, only calls for a $1 investing minimum, runs an intuitive interface, and maintains ultra-fast transaction processing speeds.
It also integrates one of the widest ranges of passive investing protocols and programs and provides users with free custodial and non-custodial wallets. But more importantly, it runs the largest crypto-focused insurance fund – in excess of $1 Billion.
How To Buy The Next Cryptocurrency To Explode
Now that you know what coins have the most potential of exploding and earning you exponential returns, let us now go over the investment process.
For illustration purposes, we teach you how to invest in Ethereum - our top pick for the next cryptocurrency to explode.
Here is the step-by-step guide on how to buy ETH on a typical crypto exchange:
Step 1: Register a crypto trader account
Find a reputable crypto exchange and choose to create a crypto trader account with them. Most of these have oversimplified the account creation process, making it quick and straightforward. In most cases, they will ask for your basic personal information, income sources, and ask you to verify your identity.
Step 2: Deposit funds
Once the account is approved, log in and use the deposit tab to fund your account. Most accept virtually all the popular fiat payment processing systems and they all welcome deposits in the form of other cryptos.
Step 3: Search for Ethereum (ETH)
Head over to the exchange’s trade section. Use the search menu to find your crypto asset or look it up from the list of cryptocurrencies supported by the exchange.
Step 4: Buy ETH
Click on the buy option. Then customize the trade by entering the amount of the token you wish to buy - fractional trading is allowed everywhere - or the amount of cash you wish to spend on the trade.
Note: Every exchange will provide you with a free exchange-based wallet where the purchased tokens will be delivered. We, however, don’t advocate for leaving your crypto holdings in an exchange or crypto trading platform. We advice you to invest in the more secure hardware wallet and transfer the private keys for your tokens here.
Conclusion – Next Cryptocurrency To Explode
When coming up with this list of next cryptocurrencies to explode, we look at a host of factors. We examined their past price action, their sustainability, the applicability of their blockchain technology, community, and their scalability.
But identifying cryptos that are expected to rally the most in the next few months can be tricky. This guide, however, introduced you to what everyone believes to be the next altcoins to blow up, tells you how to identify them, and where to buy them.
The crypto market is ripe for a rebound, and a growing number of analysts believe it will take place in 2023. This creates the need to create a portfolio of the next cryptocurrencies to explode this year and start accumulating them.
Do you want to jump straight to buying any of these digital assets? Start by creating a crypto trader account with eToro, deposit funds, choose the crypto to invest in, and proceed to place a buy order.
eToro – Best Platform To Buy Crypto Assets
Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.
FAQs Next Crypto to Explode
Which crypto will explode in 2023?
While there are many good crypto assets that have the potential to explode this year, Ethereum will most likely be the next crypto to explode in 2023. That said, we have included others equally potent cryptos in this guide.
Which crypto has the most promising future?
At the moment, Ethereum can be said to have the most promising future because The Merge opens it up to new growth opportunities that will catapult its token prices to new highs.
Are cryptocurrencies worth buying?
Yes, cryptocurrencies are worth buying because they are expected to sustain their up-trending price action throughout the year and beyond. They are also worth buying today because they are still trading at the dip and are ripe for massive gains.
What is the next new crypto to explode?
There are many new crypto coins and tokens in the market today, few of them have the potential to explode in value this year, MultiversX will most likely be the next new crypto to explode. That said, we have included others important new cryptos in this guide.