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Since Bitcoin's inception, the crypto market has welcomed new alternative coins. Some get fame, while others still crave attention. You know the crypto market is volatile; there is no guarantee of which coin will acquire a higher position. Declaring a particular coin a significant asset is not justified; instead, it raises the need to hunt for the next big cryptocurrency.
Identifying the next big cryptocurrency in 2024 is only satisfactory because time and accurate trading strategies will tell which one will explode next. However, here is our estimate of some notable cryptocurrencies you'll need to review.
What’s the next big cryptocurrency? Let’s learn a few crypto competitors through the lens of their market cap and volume and estimate whether it is the one for the “next big” cryptocurrency. In addition, we will mention some factors that contribute to cryptocurrency’s progress.
What is the Next Big Cryptocurrency?
The quest to find the next big cryptocurrency always remains explainable. Let’s know what the top contenders in the list are.
Ripple (XRP)
Ripple is a renowned company that has been collaborating with banks since 2012. It uses XRP cryptocurrency that aims to benefit financial organisations to make quick and low-cost overseas payments using blockchain.
However, its reputation was damaged in 2020 when the US government accused it of illegally selling XRP. Soon, it won from various law organisations. Since then, its price has had the potential to grow. The crypto works on an open-source blockchain technology and trades at $0.5375 with a market cap of $30,252.
Key Specifications:
- Blockchain technology: open-source blockchain
- Price: $0.5375
- 24h Trading Volume: $894,647,455
- Market Cap: $30,252
- Fees: cheap
Reasons to Explode in 2024
Ripple attracts many individuals and businesses by providing fast transaction services at a minute's cost. Its legal win also makes it more prominent in the cryptocurrency list.
Monero (XMR)
XMR is a native coin of Monero that was launched in 2014. Initially, it was pronounced Bitmonero. The primary goal of this crypto asset is to encourage privacy and security. It means your transactions take place anonymously without the fear of censorship.
Monero works on an open-source ledge on the Monero blockchain. The crypto asset utilises two features: ring signatures and stealth addresses. The former hides the sender's identity, while the latter confirms that transactions remain private, secure, and hidden through addresses.
Key Specifications:
- Blockchain technology: open-source Monero blockchain
- Price: $170.7377
- 24h Trading Volume: $407,626,874
- Market Cap: 46 million
- Fees: Inexpensive
Reasons to Explode in 2024
Monero’s privacy and untraceable features are enough to attract traders and investors. The anonymous design hides the identities of the sender, recipient, and payment account, making it a considerable choice for many.
BlockDag (BDAG)
BlockDag is another digital asset that aims to join the list of significant cryptocurrencies. What makes BDAG special is its unique structure, which combines blockchain and Directed Acyclic Graph (DAG) structures.
The goal is to make transactions and payments instant and energy efficient. BDAG is famous because it ensures parallel transaction processing, low cost, support for smart contracts, and 51% resistance to attacks. BlockDag is unique because it does not slow down when managing multiple transactions.
BlockDag further includes many cryptocurrencies, namely:
- DagCoin (DAG)
- Conflux (CFX)
- Constellation (DAG)
- DeepOnion (ONION)
- Polkadot (DOT)
- Kadena (KDA)
Key Specifications:
- Blockchain technology: blockchain with Directed Acyclic Graph (DAG)
- Price: 1 BDAG=000000000148
- Market Cap: $500 million
- Fees: low
Reasons to Explode in 2024
BlockDAG is unique due to its DAG structures. Investing in it allows you to manage fast and cheap transactions without consuming much energy.
Render Token
Render Token (RNDR) has shown potential to do well to be added to a list of prominent cryptocurrencies. Apart from trading purposes, you can invest in it because it encourages studios and artists to hire generating power for pictures and film production.
Already, 35 million frames have been generated on the network. With the increasing usage of AI-generated graphics, its demand is expected to go up. Moreover, RNDR is involved in many projects, such as artificial intelligence, decentralised applications, and crypto trading.
Key Specifications:
- Blockchain technology: decentralised network blockchain
- Price: $5.2070
- 24h Trading Volume: $12,825,978
- Market Cap: 07B
Reasons to Explode in 2024
Render Token provides a blend of traditional and unique facilities. It is up to you for what purpose you invest in it, either for generating images or crypto trading.
Pepe Unchained
PEPU is an innovative meme coin featuring Pepe the Frog. Pepe Unchained is estimated to boom because it combines unique Pepe with cutting-edge Layer-2 blockchain technology. Its speciality lies in making transactions quick while charging low fees. Also, Ethereum layer-2 technology improves scalability.
You must know it allows many token holders to get high staking rewards in the presale stages. In addition to providing entertainment, the Ethereum meme coin is known for its facilities, such as play-to-earn games and NFT minting. PEPU is currently trading at $0.01031, but it will likely grow.
Key Specifications:
- Blockchain technology: a combination of iconic Pepe and cutting-edge Layer 2
- Price: $0.01031
- 24h Trading Volume: $17,745
- Market Cap: $82,504,916
- Fees: low transaction and operational fees
Reasons to Explode in 2024
Pepe Unchained is more than an Ethereum meme coin. It contains L2 technology, high staking rewards, and utilises the popular online character Pepe the Frog. You can facilitate high-speed transactions with low fees by investing in it.
Polygon (POL)
Polygon comprises POL as its native coin. It contains a Layer-2 network and relies on Ethereum as a base network, contrasting with traditional BTC blockchains. Polygon Labs uses Polygon blockchain technology to ensure faster and cheaper transactions. Polygon's interest in the market further increased because of use cases in DeFi and NFTs.
Moreover, Polygon connects to multiple blockchains and works together. POL has 1.3 million active users and is involved in many apps because it is scalable and charges low fees. Its active community and developers' interest make it rise high. Traders often use POL for transactions, governing the networks and stacking to secure the network.
Key Specifications:
- Blockchain technology: Unlike blockchain networks, it has a Layer-2 network that relies on Ethereum as a base
- Price: $0.2201
- 24h Trading Volume: $17.09 M
- Market Cap: $2.64 B
- Fees: low cost
Reasons to Explode in 2024
Polygon is famous because its blockchain network ensures quick and cheap transactions. This feature makes it popular for users to reach out and invest in it.
What is the Next Big Cryptocurrency to Invest in?
- Bitcoin
- Ethereum
- Ripple
- Cardano
- Solana
- Superintelligence Alliance
- Sei
- JetBolt
- AAVE
- Thor chain
Next Crypto to Hit $1
Sometimes, underrated cryptocurrencies do wonders after a full-fledged trading session. If you are interested in knowing about the next crypto to hit $1, here are the snippets:
PlayDoge: a cryptocurrency launched to combine gaming pleasure with blockchain. Users can play games and earn crypto rewards. Due to unexpected user interest, the community anticipates it will hit $1 soon.
Base Dawgz: a PlayDoge platform that works on decentralised apps. Many users can trade and collect special Dawgz through this role-playing game. Later, players can use these digital characters with weaknesses and strengths against other Dawgz during competition.
Shiba Shooutout: you must know about Shiba Inu cryptocurrency. Let’s learn how to play with it. Technically, you have to use the Shiba Shootout mini-game and participate in shooting and playing with Shiba Inu characters. You can earn rewards and compete with contenders for high scores. Shiba Shootout gives an immense gaming experience, making it hit $1 in no time.
Factors to Evaluate Cryptocurrencies
There are a few factors that help progress cryptocurrency value. So, please read them and make informed decisions.
- Market Capitalization is the total number of coins circulating in the crypto market. The higher a cryptocurrency's market cap, the more stable it is.
- Trading Volume: The amount traders buy and sell cryptocurrency makes up the trading volume. It is proportional to liquidity, which means that when trading volume is high, there is more liquidity and smooth buy-and-sell activity.
- Liquidity: how effortlessly you sell your cryptocurrency without impacting its price. High liquidity provides ease, while low liquidity makes it difficult to exit your position.
- Use Cases and Real-World Adoption: it refers to the token’s involvement in solving real-world problems.
- Tokenomics: a relatively new subject that handles token working, balances demand and supply, and checks when and how new tokens are generated.
- Community Support: A cryptocurrency must have active community support. The benefit reveals the degree of interest in the asset.
- Security and Transparency: cryptocurrency means encryption. It means transactions must be secure and difficult to decode.
Conclusion
In this guide, we have assessed the next prominent cryptocurrency, 2024. You'll need to research and follow expert opinions before making an informed decision. Remember, the crypto market is subject to price fluctuations, and estimations are only predictions to ease traders, investors, and newbies ready to dip into the crypto pool.
FAQs
What Cheap Crypto Will Explode?
Typically, many cryptocurrencies are in the race to reach the finish line. However, EarthMeta (EMT) is leading the pack, and the hypothesis is that it will explode shortly.
Which Meme Coin Will Reach $1?
However, the liquidity of the market cycle is expected to exceed that of previous cycles. Dogecoin may eventually become a meme coin in this scenario, earning $1.
