The cryptocurrency market continues to grow rapidly in 2023, now back at a valuation of over $1 trillion. As the market expands, more and more exciting projects can launch and benefit from investors’ interest – leading to impressive price gains over both the short and long term.
Polygon (MATIC) went from $0.02 in August 2020 to $2.4 in May 2021. That’s a 12,000% increase in less than a year. In April 2023, an anonymous trader turned 0.125 ETH ($250) into $1 million in just 4 days, by trading the Pepe token. Within weeks, this would turn into a 5,000,000% profit. Though these are ideal scenarios, it’s still very impressive, especially compared to a traditional fund manager that aims for a ~7% return or so.
With that in mind, this guide discusses the next cryptocurrency to explode in 2023, highlighting the projects with the highest price potential, before showing you how to invest in the best new cryptocurrency today – all from your laptop, tablet, or smartphone.
The Next Cryptocurrencies to Explode This Year
Finding the best crypto to buy right now can be challenging, especially now that there are thousands of projects to choose from. To help streamline the decision-making process, we’ve conducted the research and narrowed down the selection to the most promising cryptocurrency projects below:
Some of these cryptos also feature in our article on the best trending DEXTools cryptos.
A Closer Look at the Next Crypto to Explode
If you’re looking to make money with cryptocurrency, investing in one (or more) of the projects listed above could be a wise move. With that in mind, let’s take a closer look at each of these next big crypto projects, ensuring you can make an informed investment decision:
1. Wall Street Memes – New Presale Meme Coin Launched By an Experienced Team With Over 1m Followers
When it comes to meme coins, the most important factor is establishing a community. Considering this, Wall Street Memes is currently at a massive advantage, with over one million followers across all its social media platforms.
Unlike other presale cryptos, Wall Street Memes was created by an already-established online brand specializing in posting crypto and financial memes to social media. This puts the project in a unique position where it has interest from a vast community from the get-go.
Within one hour of launch, the Wall Street Memes presale had raised over $100K. This comes as no surprise, however, as the team also launched an NFT project, Wall St Bulls, in 2021, which sold out in 32 minutes earning the founders $2.5 million.
So far, the project has raised more than $25 million in only twelve weeks since it launched. In total, there are 30 rounds, and the price will increase for each. The final round’s price is $0.0337, with the presales hard cap at $30,577,000.
Wall Street Memes has gained significant recognition in recent months, being retweeted by Elon Musk and, more recently, having its presale picked up on by numerous crypto analysts.
In a new video, YouTuber Jacob Bury put Wall Street Memes top of the list of the best meme coins. Although all meme coins come with risk, one of the advantages Jacob and others have highlighted is the team’s track record and massive social media following.
Analysts are also excited about the project’s token allocation and distribution. Many presale coins pump after they go live but cannot sustain their high price.
This is because the team and many presale investors are in profit immediately after the token launches, so try to sell their tokens quickly.
On the other hand, 100% of $WSM tokens are allocated to the community through its presale, community rewards and liquidity. Moreover, since the presale has 30 stages, investors will all have different entry prices. The result of these tokenomics could be less volatility following its initial exchange offering.
If Elon Musk engages with the @wallstreetmemes account again, as he has three times, WSM could be the next cryptocurrency to explode in popularity.
The Wall Street Memes brand is running several campaigns in unison, launching 420 NFTs as Bitcoin Ordinals, dropping merch, and offering a $50K airdrop prize to be split between five community members.
Tokens available in presale
2. Bitcoin BSC – Explosive BEP20 Crypto Priced At $0.99, Powered by the BNB Smart Chain for PoS Yields, $200,000 Raised in 72 Hours
Bitcoin BSC ($BTCBSC) is a BEP20 token at just $0.99. This penny crypto captures Bitcoin tokenomics as they were in 2011, with a total supply of 21 million and 6.125 million available in the presale, priced at just $0.99. Additionally, rewards are released every 10 minutes with a final release schedule of 120 years, again emulating Bitcoin tokenomics.
The idea of being able to get into Bitcoin for the second time is what gives this presale its explosive potential. Few people would want to miss out on Bitcoin for the second time, given how many have expressed their discontent about being unable to hear about large cap crypto in their early stages.
Bitcoin BSC provides this opportunity, though it should be understood that it is a completely separate project and has its own risk/reward profile. The whitepaper should be read from start to finish before allocating any funds towards the project.
Yet aside from the marketing appeal, this project demonstrates impressive utility. Derived from the efficient BNB Smart Chain, it offers smart contract capabilities, proof-of-stake rewards, low cost transactions, and an eco-friendly design. In other words, the BNB Smart Chain remedies all of the traditional criticisms of Bitcoins slow, environmentally damaging, and inefficient proof-of-work consensus mechanism.
It offers the benefits of Bitcoin, with none of the drawbacks. Moreover, estimated staking yields are in the range of 2,258%. Staking is one of the most powerful ways to encourage investment and price stability for a given project. Staking rewards are distributed every 10 minutes and the last tokens will be released over a 120 year period.
Users will need ETH, USDT, BNB, or Credit Card to take part in this presale, along with a compatible Web3 wallet. The Telegram and Twitter accounts also contain further information that might be useful to keep up to date with all developments.
Tokens available in presale
BNB Smart Chain
ETH, USDT, BNB, Credit Card
3. Launchpad XYZ – Web3 Dashboard for Crypto Traders and Investors With Over $1.25 Million Raised
In the fast-moving crypto market, traders and investors only have a short window to jump on an exciting new crypto token or NFT. If they miss a pump, a presale, or a mint, there’s no going back – the opportunity is lost.
Launchpad XYZ is a new Web3 dashboard that aims to help traders identify and pursue crypto investment opportunities in real-time. The platform offers a wide range of tools including coin price data, NFT market data, information about new and upcoming presales, and details about the latest metaverse launches.
Launchpad XYZ is also building its own decentralized exchange and NFT marketplace so traders can act on opportunities without delay.
The goal of Launchpad XYZ is not only to put all the information traders need in one place, but also to provide unique insights. The project team is creating what it calls the Launchpad Quotient (LQ). This is a single number that investors can look at to decide whether a project has the potential to explode or not – this will be a powerful tool for traders who want to cut through all the noise of the market.
At the heart of Launchpad XYZ is the project’s native $LPX token. Token holders receive a wide range of benefits including reduced fees for trading through Launchpad XYZ and access to exclusive presales and NFT mints. To get all the benefits of $LPX, users must stake a minimum of 10,000 $LPX. Check out the Launchpad XYZ whitepaper for all the details and tokenomics.
Launchpad XYZ is a very unique platform, so it’s hard to predict how the $LPX token will fare after launch. That said, the team behind this project is very experienced and the $LPX presale has gotten off to a very strong start.
Within the first few hours of the presale, Launchpad XYZ raised more than $140,000. Early investors stand to earn paper gains of 100% by the time $LPX lists on exchanges. Currently, the price of a token is $0.0445 and the presale has raised over $1.25 million, not far from its $1.5 million target. The listing price is $0.0565.
To get all the latest updates about the project, join the Launchpad XYZ Telegram group.
|Presale Started||27 April|
|Purchase Methods||ETH, USDT, Transak|
|Min Investment||100 LPX|
4. yPredict – New Crypto Analytics Platform Using AI to Create Prediction Models
yPredict is a new crypto analytics platform using insights from AI as well as highly experienced developers to generate prediction models. The team behind the yPredict ecosystem wanted to create a more reliable method for predicting financial markets, so they created proven analytical metrics to better help investors make decisions.
$YPRED is the platform’s native cryptocurrency, currently in presale, and can be used within the yPredict ecosystem to purchase subscriptions. Users will receive data-driven insights about the outlook of various cryptocurrency assets. Each of the several prediction models available to traders, created by AI and quants, offers high-quality analytics.
yPredict has several interesting features, including that the holders of the $YPRED tokens have free access to their analytics platform as well as the chance to buy predictive model subscriptions. The platform’s Learn to Earn feature enables users to earn tokens by taking cryptocurrency quizzes.
Also in development is a Play to Earn rewards pool where users can bet on the future movement of certain assets. The highest performers will be rewarded with $YPRED tokens.
The tokens are minted on the Polygon blockchain, one of the fastest blockchain networks. This will allow for incredibly fast transactions. This is just one reason why yPredict is one of the next cryptocurrencies to explode this year.
yPredict promotes long-term holding with a high selling tax of 7% per transaction. Of the 7%, 1% goes towards liquidity, 1% for development, 2% for research, and 3% for marketing.
At the time of this writing, in the sixth stage of the presale, the price is $0.1, heading towards $0.12 by the presale’s final round. There are over 20,000 people on the waitlist.
yPredict aims for the hard cap to be more than $6.5 million and it has collected more than $3.7 million since the presale went live. For more details about this and more, read the yPredict whitepaper.
Join the yPredict Telegram channel for the latest in news and updates.
MATIC, ETH, BNB, USDT, Card
5. Chimpzee – Save the Environment and Animals While Earning Rewards, $1.3 million Raised so Far
How cool would it be if you could invest in a highly lucrative asset while saving the planet? That is exactly what Chimpzee is all about. The NFT project rewards users for joining its wildlife conservation initiative. Chimpzee has already planted 20,000 trees in Guatemala.
You can support Chimpzee by buying Chimpzee NFT passports, investing in Chimpzee tokens, shopping for merchandise from the Chimpzee Store, or playing the Chimpzee Zero Tolerance Game. The project sets aside 10% of its token supply and a share of its profits to organizations that align with its environmental mission.
The three pillars of Chimpzee are:
- The Chimpzee Shop
- The Chimpzee NFT Marketplace
- The Chimpzee Zero Tolerance Game
The platform judiciously integrates the latest Web3 business models like Shop2Earn, Trade2Earn, and Play2Earn to bring more traffic to the initiative and improve the retention rate. While crypto incentivization boosts the efficiency and effectiveness of the initiative, play-to-earn integration helps raise awareness about climate change and deforestation among youngsters.
Chimpzee is working together with TheGivingBlock (the go-to solution for nonprofits seeking cryptocurrency donations), OneTreePlanted (focused on saving forests and planting trees), and WILD Foundation (saving animals around the world since 1974). It also launches creative programs to build awareness around the initiative and its goals. For example, a ‘1000 Tree Planting Program’ was launched in April 2023 as part of celebrating Earth Month.
If you want to join Chimpzee’s wildlife conservation program, the best way is by investing in the NFT passports. Early investment and support come with many benefits, including a wide range of discounts and passive income. For example, Chimpzee Diamond and Gold Passport holders get 20% and 18% APYs through staking.
The NFTs are not up for sale yet. But you can book early entry to them by participating in the ongoing CHMPZ presale. It comes with 200% bonus coins for investors in April. Here is a closer look at all presale benefits.
A deep dive into the Chimpzee ecosystem and white paper reveals that CHMPZ is one of the next cryptocurrencies awaiting a 10X explosion. The fact that the CHMPZ coins used to buy the Chimpzee NFT Passports will be burned and taken out of circulation (burn potential of up to 10% of the total circulating supply) increases its appeal.
In the presale, $1.3 million has been raised so far.
|Total supply||200 Billion|
|Presale supply||40 Billion|
|Purchase methods||ETH, USDT, Credit Card|
6. eTukTuk – Exciting New Eco-Friendly Crypto Project Building an Electric Vehicle Charging Network
eTukTuk, a promising automotive project with a crypto-based solution, is set to disrupt the transportation sector.
Launching on the Binance Smart Chain, this first-of-its-kind platform aims to revolutionize the transportation system that has seen carbon emission challenges.
The platform encourages climate well-being through EVs and leverages blockchain technology as a significant driver of socio-economic progress. Moreover, it also has backing from The Capital Maharaja Group, with a 20% equity stake in eTukTuk.
Sri Lanka’s one million plus TukTuks and its 21-million population present an ideal launchpad for eTukTuk’s green vision. The platform’s native token, $TUK, is currently in the whitelisting phase.
Intending to roll out economical electric vehicles (EVs) and widely accessible charging points, eTukTuk aspires to fast-track the shift from high CO2-emitting internal combustion engines.
As per the eTukTuk whitepaper, this transition promises numerous advantages beyond environmental sustainability. Built locally, the EVs rival the cost of conventional TukTuks and could boost drivers’ earnings by four times, given reduced maintenance and operational costs.
eTukTuk is more than just a transportation project; it’s an effective instrument for socio-economic change. By assigning digital identities, eTukTuk brings new financial prospects within reach of the broader population, narrowing the economic divide.
Notably, eTukTuk introduces a unique concept of Territory Partners. Stakeholders can contribute to the growth of the network and earn rewards, enabling a sharing economy that promotes sustainability, accessibility, and financial inclusion.
Keep up-to-date with all the latest platform news via the eTukTuk Telegram channel.
7. Scorpion Casino – The Future of Social eGambling
With online casinos being the future of gambling, Scorpion Casino intends to position itself at the forefront of the eGambling industry by creating a social casino where all members can earn through the platform revenues. The project aims to build the number one social online gambling platform where users earn daily yield based on the casino’s performance.
Scorpion Casino has created a fun gaming experience for users with over 210 casino games and 160 live games that include everybody’s favorites, such as blackjack, roulette, poker, and slots. In addition, the platform is regulated and licensed by the Curacao eGaming licensing entity, making the casino completely transparent and provably fair.
Alongside the casino gaming section, Scorpion Casino also includes a sports betting section, allowing users to place bets on popular sports such as football, tennis, basketball, golf, horse racing, boxing, and MMA.
The project is currently hosting a presale for its native token, SCORP, which is the exclusive payment method for the Scorpion ecosystem and is the default currency for betting across sports, esports, and casino. However, the casino also accepts all major cryptos, such as BTC, ETH, BNB, and LTC.
All holders of the SCIRP token receive a passive income through the 2% distribution tax that occurs on every transaction. As a result, holders of SCORP will see their holdings increase as the casino starts to become more popular. Furthermore, the token is also deflationary as there is a 1% burn on every transaction, making SCORP more scarce and valuable over time.
Investors that purchase more than $1000 SCORP in the presale are automatically enrolled in the Elite Scorpion Members Club, which provides VIP services, cashback on the casino, extra staking rewards, and additional SCORP tokens. Additionally, those that use the code Scorpion20 are entitled to get 20% extra tokens on their investment, but this is only available for a limited time.
Overall, Scorpion Casino is breaking down barriers by letting everybody become casino owners by holding the native token without having to invest millions of dollars in licensing and regulation. The list price is $0.05 and currently 1 SCORP= $0.016 – a significant price differential.
|Presale Started||May 2023|
|Purchase Methods||ETH, USDT, BNB|
8. Pikamoon – P2E Gaming NFT Cryptocurrency on Presale
Pikamoon is an RPG (Role-Playing Game) where players enter a virtual world known as Dreva to battle, explore and earn rewards. Players can purchase NFT avatars, buy land on the metaverse and access an online marketplace with $PIKA – the native cryptocurrency.
$PIKA offers a deflationary supply and multiple use cases, which makes it a potential candidate for a major price jump after trading begins. This presale token has a total supply of 50 billion, 30% of which has been allocated across three presale rounds.
Interested investors can buy $PIKA for $0.0006 during the final round. On the online marketplace, $PIKA can be used to purchase Pikamoon NFTs, the in-game avatars on the Pikaverse.
Each Pikamoon offers special attributes and can be used in battles to earn more token rewards. With $PIKA, players can also purchase NFT items such as weapons, healing potions, and treats to use on their Pikamoon NFTs.
Notably, 5% of all tokens spent on the marketplace will be burnt. This will help reduce the supply in the long term, which can benefit the $PIKA token price.
65% of the tokens spent on the marketplace will be sent to play-to-earn (P2E) pools and distributed monthly to online quests which players can access. The remaining 30% will be used to market the project.
Similar to popular crypto games such as Axie Infinity and Decentraland, Pikamoon lets users purchase virtual land with the native token. However, Pikamoon will also offer an offline mode so non-token holders can play on the ecosystem. Pikamoon has so far raised $3.8 million.
Read the Pikamoon whitepaper to learn more about this cryptocurrency.
April 16, 2023
9. XRP20 – Offering Staking Benefits and a Deflationary Burning Mechanism, $XRP20 Has Sold Out Its Presale Within 3 Weeks
The next cryptocurrency on our list is XRP20 ($XRP20), which is inspired by the XRP blockchain. XRP20 has been built on the Ethereum blockchain and offers multiple use cases to support retail traders. It sold out its presale raising $3.68 million in less than 17 days. The claim date is currently unannounced, but it is possible to take advantage of an estimated 57% APY in the interim period
One of the main features of XRP20 is the staking mechanism. This proof-of-stake token can be staked on the ecosystem to generate passive income. From a total supply of 100 billion tokens, 40 billion tokens have been set aside for the staking mechanism.
Another 40 billion tokens are being distributed through the ongoing presale. The potential to become the next cryptocurrency to explode, $XRP20 raised nearly $3 million in just a few weeks. The presale consisted of only one round, where $XRP20 is priced at $0.000092 per token.
With the presale hard cap set at $3.68 million. On the Ethereum-based smart contracts, XRP20 has also implemented a deflationary burning mechanism.
0.1% of each buy and sell transaction on the ecosystem will be sent to a burning wallet address. In the long run, 10 billion tokens will be burnt, reducing the total supply to 90 billion. As the token supply decreases, $XRP20 may soar upwards as the demand increases. The remaining 10% of the token supply will be used to maintain DEX liquidity.
Tokens available in presale
ETH, USDT, Card
10. Cardano (ADA) – Leading Blockchain Network Competing with Ethereum
Another project which could be the next crypto bull run is Cardano. As defined by Forbes, Cardano is a blockchain platform that looks to become the ‘Internet of Blockchains’. This project was founded by Charles Hoskinson, one of the co-founders of Ethereum, who looks to make Cardano more scalable, interoperable, and sustainable than the current leading networks.
Cardano differs from the likes of Bitcoin and Ethereum by using a ‘Proof-of-Stake’ (PoS) consensus mechanism, which drastically reduces energy expenditure when creating new blocks. This combines well with Cardano’s smart contract functionality, meaning that the network offers a viable alternative for dApp developers.
Although ADA, the network’s native token, hasn’t had the best of times lately, this project still has excellent potential for the months ahead. Cardano could also become the most energy-efficient cryptocurrency on the market as the move towards net-zero emissions gains momentum.
Cryptoassets are a highly volatile unregulated investment product.
11. Ripple (XRP) – Crypto Platform for Fast International Payments
Ripple could potentially make a big move higher in 2023 thanks to some positive news regarding the network’s ongoing litigation with the SEC. As you may already know, Ripple is the name of the company behind ‘RippleNet’, a decentralized payments system that allows speedy and low-cost transactions between different currencies.
The process is facilitated through the use of XRP, which acts as a ‘bridge’ between the two currencies. Due to this approach, RippleNet has been seen as a natural upgrade to the outdated SWIFT network, which can take between 3-5 business days to process payments in some scenarios. Combine this with the positivity surrounding Ripple’s lawsuit, and it’s clear that now could be the ideal time to buy XRP before the coin explodes once more.
Cryptoassets are a highly volatile unregulated investment product.
12. Cosmos (ATOM) – New Cryptocurrency with Unique Interoperability Mechanism
Cosmos could become the next big crypto to make waves in the market due to its unique take on interoperability. If you invest in any of the best altcoins, you’ll know that blockchains tend to operate individually rather than in tandem with other chains. Due to this ‘competitive’ mindset, dApp developers have had to decide which chain they wish to construct their projects on, significantly decreasing the potential user base.
However, the Cosmos protocol allows developers to create their own ‘Zones’, which are separate blockchains that link to the central Cosmos hub. Developers retain full autonomy over their own blockchains whilst still being able to connect and share information with other Zones. This ensures that dApps can be integrated across multiple Zones, which boosts interoperability and takes these networks to the next level.
Cryptoassets are a highly volatile unregulated investment product.
13. Ethereum (ETH) – Most Popular Cryptocurrency for dApp Development
Ethereum is the second-largest cryptocurrency globally, as noted by CoinMarketCap, and has become the go-to network for dApp developers to construct their platforms. This is due to Ethereum’s smart contract functionality, which removes the need for a centralized intermediary in countless situations. However, Ethereum has been plagued by high GAS fees recently, which has forced dApp developers to look elsewhere.
This could all be set to change with the upcoming move to ‘Ethereum 2.0’, which was recently completed. Ethereum 2.0 saw the network move to a Proof-of-Stake mechanism and utilize sharding, significantly increasing scalability and reducing network fees. If this upgrade has the desired effect in the long run, it will likely attract developers back to the network, meaning now could potentially be a great time to buy Ethereum before the next bull run.
Cryptoassets are a highly volatile unregulated investment product.
14. TRON (TRX) – Decentralized Blockchain Looking to Revolutionize Content Creation
If you’re looking for the best cryptocurrency to invest in for decentralized content creation, look no further than TRON. TRON is an open-source blockchain network that functions similarly to Ethereum because it has smart contract functionality and can host dApps. However, TRON aims to allow content creators to cut out the middleman, such as YouTube or TikTok, and connect directly with consumers.
As a Proof-of-Stake blockchain, investors can purchase TRX, TRON’s native token, and stake it to generate a passive income stream. TRX is also great from a speculative standpoint, as the network is now compatible with the Ethereum Virtual Machine (EVM), allowing a high degree of interoperability between the chains. Finally, TRON has even partnered with Samsung on blockchain-based projects, highlighting its credibility within the space.
Cryptoassets are a highly volatile unregulated investment product.
What Causes Cryptocurrencies To Explode?
There are multiple factors that cause the price of cryptocurrencies to explode, so it’s best to have a broader understanding rather than focusing on one single area. Shiba Inu’s price rise of 60,000,000% in 2021 can be partially attributed to a listing on Robinhood along with celebrity backing – Vitalik Buterin donated 1 billion worth of SHIB to a Covid-19 relief fund in India.
More recently, the release of a layer 2 network upgrade and the burn of 7,000% of circulating tokens has pushed the price of SHIB upwards. There are always signs to look out for, though sometimes it can be hard to ascertain what specifically led to a price increase. Below is a list of major factors to keep an eye on in terms of explosive crypto price gains.
Organic Growth Based on Utility
The most obvious example of organic growth would be Bitcoin. Without precedent, the first cryptocurrency rose from practically nothing in 2009, now being worth about $30,000. It offered a way for people to make financial transactions outside of a banking system that everybody was fed up with, fulfilling a true market need. Ethereum is similar, as the first smart contract development platform to build decentralized applications (dApps).
Axie Infinity was one of the first major Web3 play-to-earn ecosystems to allow people to earn a living from gaming. Residents of the Philippines were able to make a living during Covid-19 – so much that the government declared this to be a form of taxable income. Such ecosystems provide real world utility based on actual needs and grow independently of marketing initiatives and artificial price manipulation.
Growth Based on Market Conditions
Partnerships, investments, upgrades and announcements can have positive implications for projects. For instance, Coins listed on Binance have been shown to increase significantly on the same day. Polygon grew its active wallet addresses by 17,000% in 30 days, due to the release of popular games on its network as well its partnerships with many big name brands.
Organic growth can also be measured based on the total number of active users on the network, as gauged by the unique active wallet addresses metric. This is a powerful metric to gauge network growth, which could ultimately translate into price increases. But it should be understood that one user can own multiple wallet addresses on a given network, making transactions from all of them. Each data point on its own has drawbacks, so it’s best to combine them together as much as possible.
Just like the Foreign Exchange Markets, most price movements are executed through ‘whales’, which are giant financial institutions and funds that take huge positions on certain assets. There have been many suspicious price movements in both crypto and traditional finance markets. Many professional traders focus exclusively on whale movements to gauge price action, because they have such an effect on coin prices. You can join groups on Discord or Telegram that focus on tracking these whales in order to predict price movements.
Though the exact definition of a crypto whale varies, they are generally described as those that hold a large percentage of the total market capitalization of an asset. If you have $1 million in a $30 billion market, you’re probably not a whale. If you have $1 million in a $1 million market, you’re a whale. It’s very important to keep up to date with whale movements because they can cost retail investors lots of money, depending on their positions.
Scams that Cause Crypto Prices to Artificially Explode
There are a large number of scams in the Web3 ecosystem. Shilling is usually when a fraudulent team hypes up a token as much as possible. This encourages many people to invest and thus raise the token pride based on supply and demand. When enough people have invested, the rogue actors often dump their inflated token. They don’t manipulate the price directly – they simply fool others into doing it for them. This is known as a pump and dump scheme.
Trader Avraham Eisenberg is currently under investigation by the SEC and CFTC for the manipulation of the Mango Markets token, for a total of $116 million. According to the SEC, he used 2 separate accounts and futures contracts to artificially inflate the price of the token. This is known as pump and dump scheme, the token price pumped up so the fraudsters could sell at a profit.
Rug pulls are another variant. This is where a core developer team develops a project, gets people to invest, and simply leaves with the money. In the Baller Ape Club NFT scam, investors were duped out of $2.6 million. Rug pulls accounted for 37% of all crypto scams in 2021, according to Chainalysis. Pump and dump schemes can happen with established tokens (though probably with a low trade volume), while rug pulls are typically projects that were never created with honest intentions.
Macroeconomic Factors & Regulation
Regulation can have a major influence on crypto price and volume. Currently, the US SEC is suing both Coinbase and Binance (two of the world’s largest exchanges) for violating their rules. The price of BTC dropped slightly after the news, though it later rebounded. Trade volume was heavily affected, with $800 million pulled out after the SEC lawsuit. If exchanges halt trading due to lawsuits and adverse regulations, it tends to have a negative impact on the price of the entire crypto market.
Macroeconomic policies also have an effect, cryptocurrency being deeply connected to the (much larger) financial markets. The Federal Reserve has finally paused the interest rate (at 5.0% – 5.25%) to combat inflation, which reached a 40-year high in June last year, at 9.1%. Bitcoin dipped below $25,000 when the pause was announced.
Major events like the collapse of FTX can also have a sharp impact. After the collapse of FTX, Bitcoin would plunge to a 2 year low of around $15,000, though it has since recovered to over $30,000 at the time of this writing, a 100% increase in less than 7 months. This collapse had a lot of indirect effects, including a justification for increased regulation. Banks are currently under pressure not to do business with Web3 platforms unless they can meet strict KYC requirements.
The Bitcoin Correlation
There is a saying within the crypto investment industry that “when Bitcoin sneezes, the market catches a cold”. This means that most coins tend to track the price of Bitcoin. You can check how correlated a coin is to Bitcoin by looking it up online. At the time of this writing, Ethereum (ETH) has a .88 correlation to Bitcoin while Cardano (ADA) has a .68 correlation. This means that if Bitcoin rose by 100%, ETH would rise by 88% and ADA by 68%.
The main reason for this correlation is that Bitcoin has the largest trade volume. It is also the most established cryptocurrency. When institutional money and large investors enter the market, they are much more likely to purchase Bitcoin first.
Celebrity endorsement has a massive effect on the price of Bitcoin and other crypto assets. One of the most prominent examples would be Elon Musk. Within hours, a single tweet from Elon Musk can push the price of BTC up by 8%. When he accepted BTC as payment for Tesla the price rose, then he removed it due to environmental concerns and the price dropped again. There seems to be a correlation between his tweets and the price of Bitcoin.
His tweets can also push the price of Doge up by 10%. When he took over Twitter, the Doge price rose by 30%. The Twitter logo was changed from a blue bird to the Doge icon, which pushed the price of DOGE up and the market became bullish. Other celebrities have the power to push coin prices upwards (or downwards), but few have the power of Musk when it comes to coin prices.
How We Identified The Best Crypto To Explode
The following headings describe how we picked out the cryptos with the highest chance of experiencing explosive profits over the coming months.
We used a combination of the below criteria to select the ones on our list.
Obviously, a core aspect of investment in any project is its profit potential. A cryptocurrency that has been around for 10 years is not going to have a similar profit potential to one that is just starting off. The upside potential must still be there in order to experience a true explosion in the price.
Ethereum rose from $15 in February 2017 to $4,400 in November 2021. This is about a 30,000% increase. But it’s not likely to go up by 30,000% again, when compared to lower volume cryptocurrencies. Such gains can often be seen in much shorter timespans, another reason to favor new coins. HuskyX increased by 5,000% in less than 24 hours – a $500 investment could have been turned into a total of $25,000 within a day! Research is clearly needed in order to pick winning coins, but the upside potential is available, and often within short time frames.
Keep in mind that It is also possible to have a large social media following and great fundamentals, but the coin can still be overpriced. We looked for cryptocurrencies where impressive fundamentals were not already factored into the price, and could reach higher levels in a shorter time span. This was achieved based on tangible metrics – partnerships, total transaction volume, trading indicators, overall traffic, network upgrades, etc.
Price analysis is a powerful tool, when you combine it with certain information. It’s not enough for a founder to say “we expect to grow 10x” this year. And it’s equally meaningless if expected price patterns are found in whitepapers or roadmaps without real evidence.
All price projections should be based on prior trading patterns or upcoming events/network upgrades that can reasonably be expected to result in significant price changes. For instance, a main network launch might raise the price 10% – 15%, but it’s certainly not guaranteed.
Public perception matters a great deal in crypto. And while it is a little hard to quantify, there are ways to gauge sentiment on social media. There are even tools you can use to calculate a social sentiment score for specific keywords and projects.
Platforms like Defy Trends take many factors into account and offer a variety of scores to gauge Web3 projects, including a social sentiment score. It aggregates over 1 million data sources to arrive at this score. This includes on-chain info (information derived from a given blockchain) and off chain data (sites like Youtube, Reddit, Medium, Telegram, Twitter) to present an easy-to-digest figure for analysis. If you want to track certain projects, a social sentiment tool can really help. It is a great way to streamline your token analysis without trying to do everything manually.
The Bitcoin Fear and Greed Index also ranks market sentiment for BTC, ranked from 0 – 100. Social sentiment has always been a feature of the markets, whether it’s traditional finance or crypto. But it definitely plays an increased role in the modern crypto industry, with social platforms having a major influence on coin prices.
Although it’s a new market, there are analytical tools coming out to access projects based on a number of metrics (social media, wallet addresses, news releases, etc) and give a project an overall score, typically ranked 0 – 100 to denote it being undervalued or overvalued.
With crypto analytics, many different data sets need to be looked at to paint a more holistic picture of what’s happening with the token. This is broadly known as “on-chain” information, or information derived from the blockchain.
Crypto analytics is a large and lucrative industry. Similar to how Google and Facebook utilize data analytics to analyze traffic and behavior, Web3 and blockchain have a similar way of tracking activity to derive meaningful information and price movements. Firms are investing heavily in Web3 data analytics, and with good reason.
Real World Utility
A project needs to have a real world utility so that it lasts. Projects like Ethereum, Solana, and Polkadot have proven themselves on multiple occasions, and each has a large number of projects building on them.
Aside from real world utility, we looked at adaptability, though it is a little hard to quantify. Ethereum, for instance, migrated to a proof of stake from proof of work (reducing its footprint by 99%).
Soon, it will most likely implement layer 2 solutions to increase its scalability levels further. This is relevant because projects that can pivot and adapt (changing their utility value) will be more successful. This is backed up from studies done on multiple startups, where projects that were able to change and adapt enjoyed 360% better user growth.
One of the most powerful signs of a healthy project is its active and organic community. Ethereum and Bitcoin have more than a large number of followers. They have a large number of zealous followers that believe in the ecosystem, and have been with it for a long time. This is different from a project that has a large number of temporary followers in it for short term gains.
While conflict has taken place within both communities (Bitcoin and Ethereum) this is due to the fact that people cared about the project enough to create schisms and work through them. Only projects with strong communities can grow and flourish long term.
We looked at how many community members there were, and the user base has grown with time. Wall Street Memes is another example of a strong community, with a huge social media presence (1 million followers), as well as Twitter interaction from celebrities (Elon Musk).
How to Find the Next Cryptocurrency to Explode
Investors can find promising cryptocurrencies set to explode on social media or through crypto news outlets. It’s also a good idea to keep an eye on upcoming presales and ICOs at major centralized and decentralized exchanges. If you’re looking to find the next best cryptocurrency to invest in, it’s essential to know where to look.
Although more people than ever are opting to buy cryptocurrency on a daily basis, it can still be challenging to seek out coins that have high potential due to the sheer volume of new projects. Investors need to conduct thorough research and do their due diligence, as well as understand that not all crypto projects – even those with solid fundamentals and high potential – will make it.
Below are five of the best techniques that investors can use to find cryptocurrencies set to explode ahead of the next altcoin season:
Leverage Social Media To Your Advantage
One of the best ways to find top crypto in 2023 is to review social media sites. The best sites tend to be Twitter and Reddit, as these two are ideal for real-time updates on crypto projects.
Most projects will have a dedicated subreddit for in-depth discussion, while Twitter will often allow you to see how popular a project is by looking at its follower count and level of engagement. Youtube is another premium resource for information related to new projects.
It’s probably a better idea to utilize software tools that aggregate social media information if you really want to stay ahead in 2023 – it’s too time consuming to scroll through the social media of various projects to glean information. While you need to stay in touch, this is best achieved with the assistance of automated social monitoring platforms (RivalIQ, Hootsuite, etc) for detailed, customized analysis on given projects and keywords.
Utilize Free Tools
Many free tools are available that can assist in finding gaps in the Web3 market. While most people lament the fact that the crypto industry is under regulated, this is actually terrific for people who use it to their advantage.
Such gaps lead to market inefficiencies which make it easier to make a profit. In contrast, traditional trading and investment is dominated by high frequency trading bots where regular investors stand little chance of spotting market inefficiencies before they come into play. There are far fewer gaps to take advantage of. Free tools don’t really cut it in traditional trading with viciously competitive markets.
One of the best tools available on the market for Web3 data analysis is DEXtools. While it boasts many features to streamline trading, two of the most useful include Pair Explorer (which allows real time crypto monitoring) and P&L tracking (which easily keeps tabs on trades). It also offers a useful overall DEXT score based on five metrics – information, transactions, holders, creation, and pool.
Because the Web3 field is growing and untapped, you can make your own conclusions and decisions. Messari is something of a gold standard in crypto research. You can find prices for all listed cryptos on Coinmarketcap or Coingecko. DappRadar provides statistics on decentralization applications and NFTs. DeFi Lama excels at tracking Decentralized Finance statistics. The tools are available – make use of them and derive your own insights about what is really happening.
Check Upcoming Listings & Events
Projects that are listed on certain marketplaces can benefit from increased profitability. The most obvious of these would be Binance, the world’s largest centralized exchange. According to one study, coins that are listed on the Binance exchange can rise by 41% within 24 hours.
A lot of these listings on exchanges such as Binance are unknown until the day. But you can find out related news and make educated decisions about them. Often, coins that are listed on other exchanges (OKX, KuCoin) will be listed on Binance. It also helps to keep track of partnerships and investment deals related to crypto projects.
Making use of established crypto media is another means to access upcoming events, though you only get the information when it becomes available to the wider overall market. Nevertheless, it’s not a bad idea to bookmark certain crypto media to stay in touch with what’s happening. If there is any regulatory uncertainty or lawsuits against major crypto organizations reported in the mainstream media, this is also likely to lead to price decreases.
Investigate Initial Coin Offerings (ICOs)
Initial coin offerings (ICOs) are a way in which the developers of a crypto project can raise funds to further the project’s development. These ICOs allow investors to purchase tokens issued by the development team (often at a low price), allowing them to benefit when the project takes off.
Many of the best penny cryptocurrencies started through an ICO and have provided exponential returns in the period following the project’s launch. NEO, a coin that launched as an ICO, went from $0.02 to an ATH of $190, a 900,000% price increase. Ethereum, the second most traded cryptocurrency by volume, also launched via ICO in July 2014. It currently trades at $1,800. The original ICO price was a mere $0.30.
There are a wide variety of websites, including CoinCodex and PinkList to name but two examples, that will provide an overview of new crypto presale projects and crypto ICOs. Another great resource is ICO Drops, which is a calendar of all upcoming ICOs. However, it’s also important to note that ICOs are essentially unregulated, meaning that there are many ‘scam’ projects. Due to this, it’s crucial to complete in-depth research before pledging your funds to an ICO or any of the new alternatives.
The Securities Token Offering (STO) is the crypto fundraising mechanism that is most in line with the SEC guidelines. The distributed tokens fall under the category of “securities”, and the SEC is notorious for going after crypto fundraisers that fail to comply with its laws governing securities. These tokens trade on specialized exchanges that are fully compliant. ICOs and IDOs probably represent a better option in terms of coins that could achieve explosive growth, while STOs will appeal more to high-net-worth investors looking for safety and regulation.
Keep Track of the Latest Crypto News
Finally, you can find the next cryptocurrency to explode in 2023 by keeping up to date on the latest news about the most volatile cryptos. The crypto market is still relatively new compared to the traditional financial market, meaning that certain news events can have an outsized impact on a coin’s price movements.
Furthermore, news items can also push certain coins into the limelight, allowing investors to get involved before the price skyrockets. Notable examples include Dogecoin and Shiba Inu, which were discussed in major media outlets before picking up steam and producing dramatic returns.
Coindesk, for example, reported in October 2021 how the Shiba Inu frenzy was far from over, being driven by a grassroots movement. A few weeks later the price catapulted to all time highs, from $0.000026 to $0.000079, three times its original price. Bookmark key crypto media sites with high domain authority to stay up to date and keep in touch with these kinds of news articles.
Are New Cryptos More Likely To Explode Than Older Ones?
All the major cryptocurrencies – Bitcoin, Litecoin, Ethereum, Monero – had exponential price increases in their early days. If Bitcoin (BTC) reaches its previous all time high of $69,000, which it did for less than 24 hours previously, it is just over a 3x increase. Established coins like this are now more in the line of stable investments. For this reason, new cryptos can be said to have more upside potential, though obviously also coming with far more risk.
Bancor (BNT), now trading at $0.39, had an ATH of $10.00. Compared to BTC which has a ratio of 3 to its previous high, Bancor has a ratio closer to 25. This means that if both coins reached their previous ATH, Bancor investors would see a 2,500% increase in their returns while BTC holders would see just 300%.
Of course, the fact that older coins have less upside potential also means that they come with increased security. Ethereum and Bitcoin are unlikely to go to zero, which is a major advantage for people who want safety as well as profit. But a new coin that you expect to increase dramatically might certainly drop to zero. So it’s still important to do your own research and never invest more than you’re prepared to lose.
How to Buy the Most Promising Crypto – Wall Street Memes
Now that the investors have an idea of how to find the next best cryptocurrency, it’s time to pick a promising project with strong potential. As we saw in our reviews, Wall Street Memes has been at the top of our list of the best low-cap crypto gems.
With that in mind, let’s take a look at some simple steps to buy the $WSM token:
Step 1: Wallet Setup
Investors should check if they have a crypto wallet, namely MetaMask. Mobile users, however, are advised to download Trust Wallet.
Step 2: Connect the Wallet
After installing the wallet, investors can visit the presale at wallstmemes.com. Then, click on the ‘Connect Wallet’ button and select a wallet.
Step 3: Adding ETH/USDT to Buy $WSM
Investors must add either ETH or USDT to their wallet to buy WSM tokens.
Step 4: Buy $WSM Tokens
After ensuring enough ETH/USDT in their wallet, buyers can click on the ‘Buy with ETH’ or ‘Buy with USDT’ button.
Then, the buyers can go ahead and enter the amount of ETH/USDT they would want to exchange in return for $WSM tokens.
Where to Buy the Next Big Crypto
Although Wall Street Memes is our pick for the next cryptocurrency to explode, you may also wish to invest in some additional projects to create a diversified portfolio. If this is the case, it’s vital to partner with one of the best crypto exchanges so that you can trade safely and cost-effectively.
Our recommendation for which exchange to partner with is the online broker eToro. eToro needs no introduction, as the platform has become the go-to for traders worldwide and now boasts over 30.6 million registered users. Not only that, but eToro is also heavily regulated within the trading scene by entities such as the FCA, ASIC, CySEC, FinCEN, and FINRA.
One of eToro’s most appealing aspects is the platform’s transparent fee structure. eToro charges a flat 1% fee on all crypto trades (plus the spread), with over 75 cryptocurrencies available to invest in. The minimum trade size is only $10, thanks to eToro’s fractional investing mechanism, with users also able to fund their accounts from only $10.
In terms of deposits, eToro accepts credit/debit cards, bank transfers, and e-wallets – with full support for PayPal. There are no deposit fees to contend with and no monthly subscription fees. On top of this, eToro’s sign-up process is fully digital and can be completed in minutes – with no need to send away any paperwork.
Crypto investors will also be glad to know that eToro also provides a free crypto wallet app available on iOS and Android devices. This app supports hundreds of crypto-assets and boasts industry-leading security to protect your holdings. You can even swap one crypto for another from within the app’s interface – making it easy to speculate on short-term price movements.
Cryptoassets are a highly volatile unregulated investment product.
Next Cryptocurrency to Explode – Conclusion
In conclusion, this guide has taken a comprehensive look at the next cryptocurrency to explode in 2023, highlighting the projects with the highest price potential over the longer term.
Investors should conduct thorough independent research, track market trends and invest wisely as explosive gains happen almost daily in the volatile crypto space.
At the top of our list in this regard is Wall Street Memes – a new meme coin with a thriving community. Investors can currently purchase the token at a discounted rate, but they must hurry as the presale is filling up fast.
The project has already raised over $25 million in around twelve weeks since its presale went live, a strong early level of buying demand that could carry over to it being the next crypto to explode once listed on exchanges.
Wall Street Memes (WSM) - Newest Meme Coin
- Community of 1 Million Followers
- Experienced NFT Project Founders
- Listed On OKX
- Staking Rewards