Altcoins
Next Crypto to Explode in 2024
Last updated:
May 2, 2024 10:02 EDT
| 35 min read
Many investors are looking for the next cryptocurrency to explode in 2024. However, with so many crypto projects in the market, it can be hard to find the next big crypto.
In this guide, we’ll go over the next cryptos to blow up this year based on six criteria: market performance and trends, community engagement, utility and use cases, fundamental analysis, security, and future roadmap.
List of The Next Cryptos to Explode in 2024
- First truly multi-chain Doge token, promising interoperability across major blockchains
- Easy to buy and claim $DOGEVERSE tokens during presale phase
- Could be the next Doge-inspired coin to explode ahead of Doge Day
Project Launched
April 2024
Purchase Methods
-
ETH
-
usdt
- Brand new South Park-inspired seal-themed SOL meme coin
- Ideal coin to buy in presale ahead of the expected summer meme coin frenzy
- Thought to be by the team that was also behind the viral SLERF coin
Project Launched
May 2024
Purchase Methods
-
Solana
- Infinitely upgradeable AI meme coin, with modular technological capabilities.
- Huge staking rewards available everyday during presale.
- Presale price rises every two days – buy now to benefit from best price before listing.
Project Launched
April 2024
Purchase Methods
-
ETH
-
usdt
- First of its kind daily rewards based on the performance of Mega Dice Casino
- $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
- $2,250,000+ USD airdrop for casino players
Project Launched
April 2024
- Learn-to-Earn platform that rewards users for learning about crypto
- Stake $99BTC tokens in secure smart contract to earn passive rewards
- Get the edge in fast-moving markets with expert crypto trading signals
Project Launched
April 2024
Purchase Methods
-
ETH
-
usdt
-
Bank Card
- +1 more
- Innovatives VR & AR Gaming Project
- Aiming to Raise $15M Across 12 Rounds
- Token Holders Get Lifetime Access to VR Content
Project Launched
January 2024
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
Project Launched
December 2023
- Buy and hold $SMOG to generate and earn airdrop points
- 35% of supply reserved for future airdrop rewards
- Viral potential after pumping over 1000%
Project Launched
February 2024
Purchase Methods
-
usdt
-
Solana
- Native BSC token
- Audited by Coinsult
- Long-term rewards for holders
- Access to huge fee revenue through staking
- 50% of 10bn token supply available at presale stage
- 85% of fees go back to the community
Project Launched
March 2024
- New meme coin offering an immersive experience via high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the ‘Lucky Lasso Lotteries’
Project Launched
April 2024
- First crypto-based lending platform, allowing loans up to 75% of the total Memereum assets.
- Comprehensive insurance coverage for digital coins and precious metals, including gold and silver.
- High-value holders get state-of-the-art NFTs, valued over $1,500 in the open market.
Project Launched
March 2024
- Innovative AI crypto casino offering staking, airdrops and custom games
- $HPLT presale has raised over $400k so far with +60M bets placed by +150k users
- Offers daily staking rewards, hype NFTs and is fully audited by Certik
Project Launched
March 2022
Top Potential Cryptocurrency to Explode in 2024
Before we break down all of the details, here is a potential list of the next cryptocurrencies to explode in 2024:
- Dogeverse ($DOGEVERSE) – Multi-chain coin offering over 15,000% staking APYs.
- Sealana ($SEAL) – Popular Solana-based meme token with a fixed presale price.
- WienerAI ($WAI) – Infinitely upgradeable sausage dog-themed token, offering high APY staking perks.
- Slothana ($SLOTH) – New Solana meme coin raised $10 million in two weeks.
- Mega Dice Token ($DICE) – CasinoFi crypto offers tradable NFTs and staking APYs.
- 99Bitcoins ($99BTC) – Innovative L2E token, get staking APYs and learning rewards.
- 5th Scape ($5SCAPE) – Meme coin introduces VR technology within the blockchain space.
- Sponge V2 ($SPONGE) – Upgraded version of a popular meme coin, rose 100x in 2023.
- Smog ($SMOG) – New meme crypto launched straight to DEX. Get 42% APYs.
- eTukTuk ($TUK) – New crypto building EV charging stations. $1.9 million raised.
- Shiba Shootout ($SHIBASHOOT) – Next cryptocurrency to fly to the moon
- Hypeloot ($HPLT) – AI-powered crypto casino, raised over $670K on presale.
- DogeStar ($DOGESTAR) – Crypto-based space exploration metaverse game.
- Insanity Bets ($IBET) – Innovative DeFi casino platform offers competitive yields.
- PlutoSwap.ai ($PLUTO) – New DEX aggregator leveraging AI, priced at $0.101.
- Mollars ($MOLLARS) – New DeFi crypto with community-driven governance. $850K raised.
- Blockbets ($BBETS) – Utility heavy GambleFi token with profit sharing and staking.
- Healix ($HLX) – Decentralized healthcare cryptocurrency token. Over $100K raised.
- Polkadot ($DOT) – Crypto platform enabling token transfers across multiple blockchains.
- Chainlink ($LINK) – Crypto oracle network with an $11 billion market capitalization.
Importantly, we formulated this list of the most promising cryptocurrency projects based on thorough research, but investors will need to make their own minds up when it comes to looking for the next big cryptos.
Next Big Crypto Coins Reviewed — Detailed Analysis
By reading the below insights, investors can take a closer look at some of the potentially profitable crypto projects listed above. This includes key information such as market capitalization, use cases, and more.
1. Dogeverse – Multi-Chain Meme Coin Likely to Explode, $300K Raised in 24 Hours
Dogeverse ($DOGEVERSE) is the first truly multi-chain Doge token. This innovative cryptocurrency promises interoperability initially on the Ethereum, Binance, and Polygon chains. However, Dogeverse will also be available on the Avalanche, Solana, and Base blockchains in the future.
Thus, investors can choose to connect with preferred blockchains and benefit from high security, low gas fees, and high throughput. While Doge meme coins tend to offer limited utility, Dogeverse is on a mission to connect the cryptocurrency universe. Furthermore, it deploys smart contracts to support on-chain staking.
Your $DOGEVERSE tokens can be staked to earn up to 15,000% APYs (Annual Percentage Yields). While 100 million tokens have already been locked on the staking contract, the APYs will reduce as more tokens are staked. From a total supply of 200 billion, 20 billion will be offered via staking rewards.
One of the top cryptos that can explode, Dogeverse is already witnessing huge demand through its newly launched presale campaign. In under 24 hours, the presale has raised over $300K. During the first round, $DOGEVERSE is priced at an affordable $0.00029 per token. The presale hard cap target is set at over $17 million.
As Dogeverse eyes key listings across the top decentralized and centralized exchanges, the token price may soar after the initial exchange offering. Thus, investors are scrambling to take part in the ongoing presale. Read the Dogeverse whitepaper and join the Telegram channel to stay tuned for more project updates.
Presale Started | April 2024 |
Purchase Methods | ETH, USDT, Card |
Chain | Ethereum, Binance, Polygon, Solana, Avalanche, Base |
Min Investment | None |
Max Investment | None |
2. Sealana ($SEAL) – Popular Solana-based Meme Token With a Fixed Presale Price
Another crypto that could explode is Sealana ($SEAL). It combines humor, pop culture, and the fun of crypto trading in a unique way. The platform’s main character is a patriotic American seal who trades cryptos from his mom’s basement.
Sealana’s unique ‘Send to Wallet’ style presale method is one of its key features. It lets investors buy $SEAL tokens directly by sending SOL to a specific presale wallet.
This allows investors to immediately get $SEAL tokens without waiting for the presale to end. You can also buy $SEAL using the widget on the Sealana presale site. Early Investors can get 6,900 $SEAL for only 1 SOL at press time.
This ‘Send to Wallet’ approach was used successfully by another Solana-based meme token called Slothana, which raised $15M+ in just 4 weeks of launch.
Although Solana’s (SOL) market cap has dipped off late, meme tokens on its blockchain have consistently seen an uptrend. Meme tokens like Dogwifhat and Slothana have shown resilience even when the market fell.
Moreover, the platform’s engaging and relatable story can help build a strong community and attract more users over time. You can enter Sealana’s Telegram channel and follow it on X (previously Twitter) to get the latest updates on $SEAL’s listing.
Presale Started | May 2024 |
Purchase Methods | SOL |
Chain | Solana |
Starting Price | $0.01932 |
Listing Price | N/D |
Raised So Far | $130,000+ |
3. WienerAI ($WAI) – First Dog-themed AI Token, offering standard staking perks
WienerAI ($WAI) is one of the biggest meme coin sensations with the potential to fly to the moon when it goes live on crypto exchanges. Just within hours of launching on presale, this promising project has already raised over $200k in early investments.
WienerAI comes with a combination of AI and meme coin fundamentals, describing itself as the “first Wiener/Dog/Artificial Intelligence ever created.” With its community-oriented tokenomics and strategic roadmap, the dog-inspired token aims to lead the bustling meme coin market.
Despite being a new crypto, WienerAI has quickly risen to prominence, attracting the attention of crypto whales. One key factor that has positioned Wiener AI for market success is its perfect launch timing.
With the overall market sentiment still bullish, investors have continued to show great appetite for meme coins with “100x potential.” Since Wiener AI is a token with such promising potential, more buyers will surely participate in its presale.
To buy the token at a discounted rate and stand the chance to hit exponential gains when it lands on exchanges, visit its website right now. Beyond buying Wiener AI for potential market gains, early movers can also harness its standard staking mechanic to earn lucrative rewards.
Presale Started | April 2024 |
Purchase Methods | USDT, ETH, BNB & MATIC |
Chain | Ethereum |
Min Investment | None |
Max Investment | None |
4. Mega Dice Token – Crypto Gambling Token, Purchase NFTs and Get Staking Yields
Mega Dice Token ($DICE) is a Solana-based crypto token, powering an entire gaming ecosystem. The token can be used to extract several bonuses and rewards on the Mega Dice Casino and sportsbook.
This token has the potential to explode due to the following use cases it offers:
- Staking Yields – Stake $DICE on Mega Dice’s smart contract across three staking pools. Start collecting regular annual yields.
- Daily Rewards – Staked token holders can earn daily rewards on the casino games, depending on their past casino performance.
- Get NFTs – Certain $DICE holders get access to limited-edition NFTs. These lead to special privileges and rewards on the ecosystem.
- Early Bird Bonus – Buy $DICE early on during the presale and get free tokens as an Early Bird bonus.
Mega Dice Token has a fixed supply of 420 million tokens. According to the Mega Dice Token whitepaper, a portion of the profits generated will be used to buyback tokens on the ecosystem. The platform will also start burning tokens to reduce the supply.
35% of the supply is being offered through the ongoing presale. Another 10% will be offered as staking rewards. $DICE is priced at $0.069 during the initial presale round. Learn more about this cryptocurrency by joining the Mega Dice Token Telegram channel.
Presale Started | April 2024 |
Purchase Methods | SOL, ETH, BNB |
Chain | Solana |
Min Investment | None |
Max Investment | None |
5. 99Bitcoins – Learn2Earn Crypto Offers Token Rewards Through its Online Crypto Curriculum
In the early 2010s, 99Bitcoins launched as a crypto-educational online platform. Now, this popular platform is developing into a Learn-to-earn ecosystem where users are rewarded with digital assets for increasing their knowledge.
Built on the Ethereum blockchain, 99Bitcoins will soon migrate to the Bitcoin network. It will adopt the BRC-20 network standard, which enables developers to create DApps and NFTs.
On 99Bitcoins, you can complete interactive courses, seminars, and quizzes. As you progress through the curriculum, 99Bitcoins offers $99BTC tokens as rewards. From its 99 billion token supply, 17% will be offered as community rewards.
While the earning possibilities through the educational ecosystem is enough to generate huge growth potential, 99Bitcoins also provides high staking yields. You can stake and earn up to 70,000% annual yields with $99BTC.
14% of the token supply will be offered as staking rewards over the next two years. Finally, token holders get exclusive access to VIP groups and expert trading signals. For these reasons, 99Bitcoins could be the next crypto to explode.
The project is off to a great start through its presale – raising more than $117K in a few hours. The goal is to raise $11 million through the presale before launching on centralized and decentralized exchanges.
Read the 99Bitcoins whitepaper and join the Telegram channel for more information.
Purchase Methods | ETH, USDT, BNB, Card |
Chain | Ethereum (Will bridge to Bitcoin) |
Min Investment | None |
Max Investment | None |
6. 5th Scape – Popular New Crypto Project That Merges VR and Blockchain
5th Scape (5SCAPE) could be one of the few cryptocurrencies to explode in 2024 due to its innovative concept: Merging blockchain with virtual reality technology. The team behind this project plans to launch their own VR games along with a VR headset and a chair.
In the foundations of all that lies the 5SCAPE token, which will be used as a currency within the ecosystem, as well as to give holders exclusive access and discounts to 5th Scape products.
The 5SCAPE token is in a presale phase where you can only buy it with ETH or USDT on the 5th Scape website. Note there are 12 presale rounds, each round having a higher price than the previous. If you’re looking to participate in the crypto presale, buying in as early as possible could give you the lowest price.
The first round comes with a $0.00187 price per token, while the last round will charge $0.0087 per token, making a 365% price difference between the rounds. The token will list on exchanges at a price of $0.01, making a 434% difference between the first presale round and the token listing price.
Follow 5th Scape on X and join the 5th Scape Telegram channel for the latest information on the presale. Also, join the 5th Scape Discord if you want to engage with the community.
7. Sponge V2 – V2 Token of Explosive 100x Meme Coin with Listings Planned for Binance and OKX
Sponge V2 ($SPONGEV2) has the potential to be one of the biggest meme coins of 2024. It builds on the success of the V1 $SPONGE token, which rocketed from a launch valuation of $1 million to a market cap of more than $100 million at its peak. That’s a more than 100x return for early $SPONGE investors.
Now, the team behind the V1 token is back with a new token that the $SPONGE whitepaper describes as bigger, better, and more absorbent.
The team plans to expand the $SPONGE supply to 150 billion tokens. That increased supply is partially to support rewards for a new play-to-earn crypto game based around Spongebob Squarepants.
In addition, the increased supply will support rewards for V1 token holders. The only way to get V2 tokens right now is to stake V1 $SPONGE and lock it permanently. In doing so, stakers will receive rewards in $SPONGEV2 tokens for the next 4 years.
The $SPONGE team is building excitement by aiming for upcoming listings on Binance and OKX, the world’s largest crypto exchanges. Binance has been listing meme coins like $BONK and $MEME recently, so it seems likely that a $SPONGEV2 listing could be just around the corner.
Now is the best time to buy $SPONGE before it rockets upwards because the project is offering a 100% purchase bonus. Anyone who buys $SPONGE will automatically stake the V1 tokens they buy and also receive an equivalent value in new V2 tokens.
Follow $SPONGE on X, Telegram, and Discord to learn out more about the bonus and get all the latest updates on the push for a Binance listing.
Presale Started | 17 Dec 2023 |
Purchase Methods | ETH, USDT, Card |
Chain | Ethereum |
Min Investment | None |
Max Investment | None |
8. Smog – New Meme Token Offers 42% Staking APYs
Smog ($SMOG) is an exciting new crypto meme token with huge staking yields. Based on the Solana blockchain, Smog aims to become one of the biggest meme tokens – offering exclusive airdrop rewards.
Smog underwent its fair launch – listing straight on the Jupiter decentralized exchange (DEX). In less than 24 hours of the launch, $SMOG was up by over 1,300%. One of the reasons for this success can be attributed to the upcoming token airdrop.
Smog promises to host the greatest Solana airdrop to date. To participate, investors must buy and hold $SMOG tokens, allowing them to earn airdrop points. You can buy $SMOG on Jupiter with SOL, or you can buy it with ETH or USDT on the Smog website. Staking is now live and you can earn 42% APY.
$SMOG has a total supply of 1.4 billion – 35% of which will be offered as airdrop rewards. As of now, Smog is yet to disclose any other information regarding the airdrop. A majority of the token supply (50%) will be used to market this meme coin.
The goal is to achieve similar highs as other popular cryptos – like Pepe Coin and Bonk. In the future, Smog will also list its native token on centralized exchanges, helping increase the trading volume.
Read the Smog whitepaper and join the Telegram channel to learn more about this project.
9. eTukTuk – Sustainable Cryptocurrency with New Presale Launch
For the past five years, eTukTuk (TUK) has been working on its cryptocurrency platform. The project will set up electric vehicle supply equipment (EVSE) and EV charging stations in developing nations’ urban and suburban areas.
Currently, over 270 million TukTuks use internal combustion engines (ICEs). These ICEs run on fossil fuels, contributing to more emissions than cars. As ICEs are slowly becoming obsolete, TukTuk drivers struggle to make a minimum wage.
eTukTuk wants to set up affordable charging stations by leveraging the Binance Smart Chain blockchain. Since the blockchain supports a high number of transactions and charges low fees, TukTuk drivers will take home 400% by making the chance to electric vehicles.
Furthermore, eTukTuk will set up charging stations in designated territories with the help of territory partners. These are local partners who will help in the operation and installation process. Thus, the costs will be lowered.
eTukTuk will launch a drivers app through which TukTuk drivers using zero-emission vehicles (ZEVs) and other EVs can charge their vehicles at charging stations. On the driver’s app, drivers will make payments using $TUK, the native cryptocurrency.
Token holders can stake $TUK to earn a passive income. As the number of territories increases, there will be a rise in revenue through the charging stations. This will also allow staked token holders to earn more passive income, making it one of the best staking crypto opportunities on the market for long-term rewards.
Currently, interested investors can join the token presale and buy $TUK for $0.028 – over $1.9 million has been raised already with the staking APY currently over 126%.
Read the eTukTuk whitepaper and join the Telegram channel for more information.
10. Slothana – New Solana Meme Coin That Raised $550K+ In Hours Of Launch
Slothana ($SLOTH) is a trending new Solana-based meme crypto that has caught investors’ attention with its innovative presale mechanism and potential for virality.
However, unlike traditional presales, investors can send $SOL tokens directly to the project’s wallet address and receive $SLOTH airdrops. This innovative method does not need multiple pricing stages or waiting for longer durations.
The project attracted strong investor interest and raised over $550K within a few hours of launch. Due to Solana’s low transaction fees and high throughput, the platform has become popular as a meme token and is expected to explode in 2024.
The project’s central figure (an office Sloth that got fed up with the 9-5 lifestyle) has resonated with the memecoin community due to the character’s relatability and humor. It aims to recreate the success of other SOL-based meme coins with a market cap of over $400 million.
Also, rumors suggest a connection between Slothana and the founders of $SMOG, a similar Solana meme token that offered massive returns to early investors.
The meme coin market is expected to boom in April and Slothana aims to capitalize on this trend by offering a unique alternative. Users can follow Slothana on X (Twitter) for the latest updates and to interact with the community.
Presale Started | March 2024 |
Purchase Methods | SOL |
Chain | Solana |
Min Investment | None |
Max Investment | None |
12. InsanityBets – CasinoFi Platform Where Users can Become the House
InsanityBets is a new decentralized casino platform. With $IBET, token holders can receive early access to games and multiple trading fee discounts.
Notably, InsanityBets is the first CasinoFi platform where users can become the house. One can deposit cryptos such as USDT, BTC, and ETH on InsanityBets, which is used to mint $ILP, an innovative mechanism. $ILP is used as the house fund, allowing token holders to access 90% of all wins and losses on this ecosystem.
$IBET, the native cryptocurrency, offers multiple use cases. Firstly, the token can be burnt to access 50% of all casino fees through a private pool. Token stakers also earn 35% of all fees generated on the ecosystem.
While users must pay a 1% withdrawal and winnings fee, this reduces depending on the number of tokens you stake. If you stake over 20 million tokens, the withdrawal fees drops to 0.1%, and the winnings fee reduces to 0.5%.
While $IBET has a 5 billion token supply, this number will reduce due to the burn mechanism. As the casino expands, the adoption of $IBET should also increase. Due to its use cases, $IBET could explode in the long term.
Currently, the token is priced at $0.0015 on presale. To stay updated with the project, go through the InsanityBets whitepaper and join the Telegram channel.
Token Symbol | IBET |
Presale Supply | 5 Billion |
Token Type | ERC-20 |
Payment Method | Sign up for more details |
Listing Price | $0.0180 |
13. Shiba Shootout – Next cryptocurrency to fly to the moon
Shiba Shootout ($SHIBASHOOT) is a captivating meme coin project that seamlessly combines “creativity, competition, and camaraderie in a Wild West-inspired setting” to provide crypto enthusiasts with an unbeatable experience. Featuring characters like Marshal Shiba and the Shiba Sharpshooters as its backdrop, this highly innovative project aims to become the true ruler of the Wild West crypto frontier.
Since launching on presale, Shiba Shootout has been on the watchlist of those seeking both immediate gains and long-term potential.
It blends a lineup of utility features to change the existing narrative in the bustling meme coin sphere. First, it is a governance token, empowering holders to vote on vital project decisions.
It is also possible to use the token to purchase tickets and implement the project’s “Lucky Lasso Lottery” system to win amazing crypto prizes. Another key attraction for Shiba Shootout is its innovative savings feature, “Savings Saddlebags” which allows users to allocate their holdings to a specific wallet and earn great rewards.
Complementing this feature is its standard staking mechanic, empowering holders to maximize their investments. The longer you stake your tokens, the more rewards you get.
All the lineup of utility features promised by this project make it a good crypto to watch closely this year. While other meme coins are driven by hype alone, Shiba Shootout has taken a step further with its unique value proposition, appealing theme, and vast community support, giving it long-term potential.
Presale Started | April 2024 |
Purchase Methods | USDT, ETH, BNB & CARD |
Chain | Ethereum |
Min Investment | None |
Max Investment | None |
14. Hypeloot – Get Staking Rewards and NFTs with this AI Crypto Casino
Hypeloot gives customers access to various provably fair casino games created using artificial intelligence. You can open Mystery boxes – packed with a range of goodies, including tech products, luxury clothes, and shoes.
Rewards can also be earned by engaging in popular casino games such as Crazy Wheel and Plinko. To earn higher rewards on Hypeloot, customers can hold $HPLT, the native token. Token holders get free gaming credits within the casino.
Furthermore, you can stake $HPLT and earn passive income through a staking pool. In 2022, Hypeloot generated $1 million in profits from its betting and gambling ecosystem. A portion has been be used to buyback $HPLT tokens.
50% of the tokens bought back will be burnt, while the rest will be offered as rewards from the staking pool. In total, $HPLT has a 100 million token supply. 12.5% will be offered through the staking rewards.
40% of the supply is being allocated through the ongoing presale, where $HPLT is currently priced at only $0.09375 per token. Since the presale launched, Hypeloot has raised more than $670K. All these use cases could help the token to explode after its exchange listing.
Furthermore, presale investors will also be eligible to access Hypes NFTs. These NFTs will be traded on the marketplace after the exchange listing. Stay updated with this crypto platform by going through the Hypeloot whitepaper and joining the Telegram channel.
Token Symbol | POODL |
Presale Supply | 3.45 billion |
Token Type | ERC-20 |
Payment Method | ETH, USD, BNB, Card |
Listing Price | N/A |
15. DogeStar (DOGESTAR) – New Metaverse Meme Project with In-Game NFTs, Presale is Soaring
DogeStar (DOGESTAR) is a multi-utility meme ecosystem that will feature an open-world metaverse, in-game NFTs, and a governance DAO (Decentralized Autonomous Organization).
While $DOGESTAR is still available to buy on presale, the deflationary tokenomics and use cases can help the token explore after the initial exchange offering. DogeStar will offer community members entry into a space exploration metaverse – where you can explore and take part in multiple games.
The NFTs are based on a dynamic value system – meaning they can grow in value over time. This will happen depending on your performance within in-game events, and individual player achievements. Community members can also help shape the future of DogeStar by joining the decentralized autonomous organization – which gives you governance rights.
NFTs can be purchased through the Galactic Bazaar – DogeStar’s NFT marketplace. The NFTs range from cosmic enhancements to powerful artifacts that offer help throughout the gameplay. DogeStar has a total supply of one quadrillion – 69% of which will be burned over time.
As the supply reduces, the remaining tokens can gain value in the long term. Another 10% has been distributed for the ongoing presale – which has already raised more than $700K. At the time of writing, $DOGESTAR is priced at only $0.00000032 per token.
A successful presale can help the token list on popular exchanges, resulting in a potential price explosion in the coming months and years. Stay updated with this cryptocurrency by going through the DogeStar whitepaper and joining the Telegram channel.
Token Symbol | DOGESTAR |
Presale Supply | 1 Quadrillion |
Token Type | ERC-20 |
Payment Method | ETH, USD, BNB |
Listing Price | $0.0000006 |
16. PlutoSwap.ai – AI-Based Token Swapping Platform and DEX Aggregator, Available on Presale
PlutoSwap.ai ($PLUTO) is the next new cryptocurrency that is likely to explode. This is a decentralized exchange aggregator and token-swapping platform. PlutoSwap.ai stands out by leveraging artificial intelligence tools to connect users to the best possible trades on the market.
The platform enables direct connections of Automated Market Maker pools across different providers. So far, PlutoSwap.ai is integrated with the MANTA network and will soon integrate with Ethereum and the Binance Smart Chain.
Its AI-powered pathfinder algorithm scans multiple decentralized exchanges, searching for the best possible price for each given trade. PlutoSwap.ai primarily uses layer-2 blockchains since they offer lower fees and higher transaction speeds.
$PLUTO is currently available to purchase for just $0.101 on presale. The token gives governance and voting access, as well as staking opportunities. From its 300 million token supply, 20% has been allocated for the presale.
After its initial exchange offering, $PLUTO could be the next big cryptocurrency to explode. Stay updated with all project developments by reading the PlutoSwap.ai whitepaper and joining the Discord.
Token Symbol | PLUTO |
Presale Supply | 60,000,000 PLUTO |
Token Type | Ethereum |
Payment Method | ETH, USDT, USDC, Card |
Listing Price | N/A |
17. Mollars – New DeFi Crypto With Community-driven Governance
Mollars ($MOLLARS) is a new DeFi crypto that can explode with a presale that appeals to investors looking for autonomy and community-driven governance. The project stands out for integrating gaming and potential Web3 applications, improving utility and engagement for token holders.
It aims to create a merit-based economy that encourages strong community bonds and active participation. Currently, the platform is in its presale phase and has already raised over $850K from its target of $1.6 million in just a few weeks.
The platform is committed to building a decentralized financial ecosystem where the community plays a significant role in decision-making, including allocating 4 million tokens from a total supply of 10 million for the presale.
Per the Mollars whitepaper, a key feature of Mollars is the transfer of governance to its users after the launch, ensuring the project remains community-focused and sustainable.
Additionally, a 3% transaction tax supports ecosystem development, and a 1% burn rate on transactions helps maintain token scarcity and value appreciation over time.
Those interested in staying informed about the platform’s latest developments can join the Mollars Telegram channel and follow it on X (Twitter).
Token Symbol | MOLLARS |
Presale Supply | 4,000,000 MOLLARS |
Token Type | Ethereum |
Payment Method | ETH, USDT, Card |
Listing Price | N/A |
18. Blockbets – Profit Sharing Staking Alongside From Feature Rich GambleFi Platform
Blockbets is an exciting new online gaming platform that is currently in the presale stage. With a mission to be the go-to place for all online gaming, Blockbets provides the early investor with a wealth of further investment options and utilities.
However, Blockbets is more than just a gaming platform, it is also a community of like-minded gamers and offers the chance to completely redefine the world of internet gambling by completely rewriting the model.
By partaking in the Blockbets presale and investing in the $BBETS token, you also qualify for daily passive staking income, a chance to earn every time you play with a generous buyback scheme as well as up to 90% in casino credits.
By staking your $BBETS tokens you qualify for up to 25% of all platform profits. The more you stake, the more you can earn. Those staking over 25,000 tokens will receive an allocation of 100% of all available profits.
Such a profit-sharing model is proving to be popular in the GambleFi space and is certain to change the shape of this massive online industry. The Blockbets presale is a great chance to get in early and benefit from what is certain to be a very profitable platform once up and running.
For more information head over to the official website and download the whitepaper. To keep up to date on all the latest news and project updates you can follow the team on X and join the exclusive Telegram channel.
Token Symbol | BBETS |
Presale Supply | 100,000,000 BBETS |
Token Type | BEP-20 |
Payment Method | ETH, USDT, BNB, ARB |
Listing Price | $0.03 |
19. Healix – AI Cryptocurrency Decentralizes the Healthcare Space
Healix ($HLX) helps empower global healthcare with its decentralized ecosystem. Powered by HLX, the native token, Healix will offer a range of premium healthcare products and services.
For instance, $HLX will be used to book appointments and purchase nutritional supplements. Healix uses AI generative models to allow token holders to track their blood pressure levels with a face scan and interact with a chatbot.
By staking $HLX on the ecosystem, token holders will receive token bonuses and discounts. Up to 10% rakeback is also offered on all payments made using $HLX. Healix will also offer exclusive merchandise, such as Smart Rings, which tracks more than 200 metrics.
Boasting huge potential to explode, Healix has already raised $100K in a few weeks since its presale launched. The presale is allocating 100 million tokens – which equates to 10% of the total 1 billion supply.
To cater to loyal and long-term investors, another 22% of the supply will be offered through staking and platform rewards. At the time of writing, $HLX is priced at just $0.03 per token. Learn more about this cryptocurrency by reading the Healix whitepaper and joining the Telegram channel.
Token Symbol | HLX |
Presale Supply | 100 Million |
Token Type | BEP-20 |
Payment Method | BNB, Tether |
Listing Price | N/A |
20. Polkadot – Platform Enabling Cross-Blockchain Transfers
The next big crypto to talk about is DOT, the native token of Polkadot. This is a decentralized protocol that facilitates data and value being sent between different networks that wouldn’t otherwise be compatible.
As such, Polkadot serves as a connecting point for all other blockchain networks. This promotes scalability and interoperability. Thanks to its use of next-generation nominated proof-of-stake (NPoS), Polkadot uses a tiny fraction of the energy compared with many other blockchains.
Among the proof-of-stake procedures examined in a recent study, Polkadot has one of the lowest carbon footprints in the industry. Investors of DOT can stake their tokens for incentives. DOT also acts as a governance token.
Unlike some platforms, which only offer certain privileges to miners, Polkadot holders can partake in the management of events like fixes and protocol upgrades. At the time of writing, DOT has a market capitalization of over $7 billion and is in the top 15 coins on CoinMarketCap.
21. Chainlink – Established Project With Hundreds of Partnerships
Although LINK is already a well-known cryptocurrency and is ranked among the top 25 tokens on CoinMarketCap, it still has room to grow. Chainlink’s ability to link smart contracts on blockchains to data and events in the real world is one of its many uses. Does this mean it become one of the top real-world asset tokens?
This is the most popular oracle network for hybrid smart contracts. The oracle network of Chainlink may be used by a smart contract to obtain external data, such as the price of Bitcoin Cash in US dollars for instance.
Then, as compensation for their work, Oracles receive LINK tokens. Chainlink also offers timely, precise off-chain data reports for anything from AccuWeather to the SWIFT payment system. Furthermore, token staking and node delegation schemes will soon be implemented by the network.
The upgrades could contribute to making Chainlink more secure and decentralized, which might rekindle interest in the project. At the time of writing, LINK has a market cap of nearly $4 billion.
Methodology: How We Determined the Most Likely Cryptos to Explode Next
To find the next cryptocurrency to explode, we look carefully at a wide range of factors, including market trends, price histories, long-term potential, utility, and the fundamentals of the project. For newer projects, we also analyze in-depth the tokenomics, the team behind the project, and security audits to protect our readers. Here’s how we weigh up the different factors:
Market Performance and Trends (25%)
Market potential is one of the primary indicators we look at. This encompasses past performance, overall market sentiment, recent movements, and total market capitalization. We look at both long-term and short-term movements as well as shifts in investor behavior to anticipate potential for growth.
The crypto landscape is evershifting, and we stay at the forefront of trends, whether it’s AI crypto coins, meme tokens, or utility-focused projects. Having our ears to the ground helps us spot the next potentially explosive project.
Community Engagement (25%)
Not all crypto coins have an active and engaged community. We assess metrics such as follower count, activity on social media, and sentiment in forums, such as Reddit or crypto Telegram groups to gauge how sustainable a token’s growth might be. Projects with actively engaged, large communities are more likely to experience rapid growth.
Utility and Use Cases (15%)
Another key indicator is the underlying utility and application of the project. We look at its potential to solve real-world problems and the underlying tech. A protocol that can fill a gap in the market will have a high chance of mainstream adoption and growth. Innovative and unique cryptos can catch the attention of whales and long-term investors and lead to the price of a token rising exponentially.
Fundamental Analysis (15%)
We also carefully analyze the fundamentals of each project, including the tokenomics and the economic model underpinning it. A project with strong fundamentals is more likely to sustain long-term growth.
Another important element is researching the team behind the project. We delve into the experience of the team as well as how transparent they are about the project and their objectives.
Security (10%)
For any cryptocurrency, security is paramount. We look at the security protocols of the network, including the resistance to attacks. For newer cryptocurrencies with huge growth potential, we also prioritize looking at security audits to ensure the safety of our readers.
Roadmap (10%)
Many tokens are launched with no clear aim in mind other than pure speculation. We prefer projects with a clear and achievable roadmap. For our research, we look at milestones, what the team has already achieved, and whether their future plans are realistic or not.
What Are the Main Reasons Why Cryptocurrencies Explode?
Cryptocurrencies can have a steady price for months or even years before they explode. What causes a crypto token to explode varies for every token, but there are some main factors, such as market sentiment, media hype, and new developments.
Positive Market Sentiment
Positive market sentiment plays a pivotal role in driving the explosive growth of cryptocurrencies. When investors and users exhibit confidence and optimism in emerging cryptocurrencies, it often leads to increased demand for them.
Positive sentiment can be influenced by factors such as regulatory developments, institutional adoption, and positive news and social media coverage for the project. As more people express faith in the potential of low cap cryptos, the buying pressure intensifies, resulting in substantial price surges.
Widespread Media Coverage
When mainstream media outlets highlight the successes, partnerships, or advancements of emerging cryptos, it draws the attention of a broader audience.
Positive stories, endorsements from influential figures, and favorable narratives contribute to a sense of legitimacy and can trigger a surge in retail and institutional interest. Media coverage attracts new investors and fosters a positive perception of the crypto space as a whole, fueling demand.
Scarcity and Halving Events
Scarcity is a fundamental factor propelling the explosive growth of cryptocurrencies. It’s what makes precious metals like gold so valuable. Since cryptos don’t have a physical component, tokens like Bitcoin have a capped supply, which is what creates scarcity.
Additionally, halving events, which reduce the rate at which new coins are generated, contribute to a decrease in the available supply. As the scarcity narrative gains traction, investors anticipate potential future appreciation.
Source: Twitter/Rekt Capital
Outstanding Development Progress
The progress and development achieved by a cryptocurrency project can significantly impact its value and market appeal. A robust and active development team, frequent software updates, and the achievement of key milestones instill confidence in investors.
When planned features and upgrades are implemented successfully, the chances of it being a successful long-term crypto significantly increase. This makes investors more likely to flock to the emerging coin, creating more demand and driving up the price.
7 Places Where You Can Buy the Next Big Crypto
You can get your hands on the next crypto to boom even before it’s listed on a public exchange. Here are the top ways to buy the next big crypto:
1. ICO Platforms
Many blockchain projects use Initial Coin Offerings (ICOs) as a fundraising mechanism. ICOs allow investors to purchase tokens of a new cryptocurrency before it becomes publicly tradable on exchanges.
ICO platforms provide information about ongoing and upcoming ICOs and feature user reviews and ratings, which help in assessing the potential of an ICO. Some advantages of these platforms include:
- Early access: Investors get the opportunity to buy tokens at potentially lower prices before they hit major cryptocurrency exchanges.
- Transparency: Detailed project information, including whitepapers, team profiles, and roadmaps, is readily available.
- Diversity: These platforms list a wide range of ICOs from various sectors, allowing investors to diversify their crypto portfolios.
The best platforms for buying the next big crypto include ICO Bench, TokenMarket, and ICO Drops.
2. IEO Platforms
Initial Exchange Offerings (IEOs) are token sales conducted directly on exchanges. Unlike ICOs, IEOs allow investors to purchase tokens through a crypto exchange, which provides the following advantages:
- Trust and credibility: Since exchanges vet projects before hosting their IEOs, investors can rely on the platform’s diligence for added security.
- Immediate trading: Tokens typically become tradable on the exchange shortly after the sale, enabling quicker access to liquidity.
- Simplified process: Investors can use their existing exchange accounts to participate, streamlining the buying process without needing separate wallet setups.
The best IEO platforms for buying the next big crypto include Binance, HTX, and KuCoin.
3. Token Sale Websites
Some projects conduct token sales directly on their official websites. Investors interested in finding the best crypto to buy right now can participate by registering on these sites and contributing funds during the designated token sale period.
The biggest advantage of purchasing the next crypto to blow up through token sale websites is that they often offer bonuses or better prices than other platforms.
Ongoing token sales you should consider participating in include Dogeverse, WienerAI, and Mega Dice Token.
4. Decentralized Exchanges (DEXs)
Decentralized exchanges allow users to trade tokens directly from their wallets. Some projects prefer to list their tokens on DEXs before making them available on centralized exchanges, to leverage the unique benefits these platforms offer:
- Decentralization: By trading directly from their wallets, users maintain full control over their assets without relying on a central authority.
- Accessibility: DEXs are accessible to anyone with an internet connection, broadening the investor base beyond traditional finance.
- Innovation: Often, DEXs are the first to list new and experimental tokens, providing early access to innovative projects.
Uniswap, SushiSwap, and PancakeSwap are some of the best decentralized exchanges to buy the next cryptocurrencies to explode in 2024.
5. Private Sales
Some projects offer crypto private sales to a select group of investors before conducting a public sale or listing on exchanges. Gaining access to these sales often requires connections with the project team or active participation in the project’s community.
These sales are harder to access, but provide benefits, such as lower prices and potential for higher returns.
6. Venture Capital Investments
Institutional investors and venture capital firms sometimes invest in blockchain projects during their early stages. Retail investors can also access these early-stage investments by participating in token sales associated with these venture-backed projects.
These investments are vetted by experienced intitutional players and often offer lower prices, providing investors with an opportunity to maximize returns.
7. Community Airdrops
Some projects distribute tokens for free through airdrops to their community members. Crypto airdrops distribute tokens widely and encourage community engagement. Investors should follow official project announcements and social media channels for airdrop opportunities.
Community airdrops let articipants receive tokens without any investment, reducing financial risk. In addition, they help expand the user base and foster a loyal community, which can increase token prices.
The best platforms for finding information about community airdrops include Cryptonews, CoinMarketCap, and Airdrop Alert.
Conclusion: Which Is the Most Likely Crypto to Explode Next?
Today, we’ve looked at the roadmap, performance, and many other important metrics to rank the next 1000x crypto projects that could potentially explode, looking at a range of different projects to meme coins and presales and more established ones.
Based on our analysis, Dogeverse is the next crypto to explode. The $DOGEVERSE token has raised more than $300K within a day of its presale launch. Notably, this cryptocurrency is the first Doge project to offer multi-chain access, available on six blockchains.
FAQs
What is the most likely next cryptocurrency to explode?
Dogeverse is the crypto token most likely to explode next. It offers multi-chain access, and huge staking yields.
How do I find the next big crypto?
There are many ways to find the next crypto to blow up. Check out the roadmap of the crypto project to ensure it has a clear vision to grow. Moreover, the success of a presale can indicate how popular a project is and whether or not it could be the next crypto to explode.
Where can I buy the next big cryptocurrency?
Newly launched cryptocurrencies can often be purchased on presale via the project’s platform. Alternatively, once listed, investors can buy cryptocurrencies via an exchange, or an online broker that offers digital currencies can also fulfill the order.
References
- Polkadot Network
- Polkadot Has Smallest Carbon Footprint, Crypto Researcher Says – Bloomberg.com
- How Cryptocurrency Scarcity Affects Value – IG.com
- Mollars Whitepaper
- Bored Ape Yacht Club
- Hypeloot Whitepaper
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Altcoins
On-chain data confirms whales are preparing for altcoin surge with increased buy orders
Ki Young Ju, CEO of analytics platform CryptoQuant, believes whales are preparing for an upcoming surge in altcoins.
In a recent revelation about X, Ju underlines that the volume of limit buy orders for altcoins, excluding Bitcoin and Ethereum, is increasing. This pattern suggests the formation of substantial buy walls, highlighting significant buying pressure from large-scale investors.
Ju’s chart identifies two main phases in limit order volume for altcoins: the limit sell phase and the limit buy phase. The limit sell phase saw a notable increase in cumulative sell orders in 2022, demonstrating strong selling pressure from whales and other market participants. This phase coincided with a period of falling altcoin prices due to unfavorable market conditions.
Then, the limit buying phase began, marked by a significant increase in cumulative buy orders. This indicates a period of strategic accumulation where whales establish substantial buy walls.
According to Ju, the increase in buying volume suggests confidence in the future conditions of the altcoin market. This buying pressure creates strong support levels, indicating that whales are preparing for a positive change in the market.
Buying pressure on specific altcoins
Ju also provided a heatmap of the 1-year normalized cumulative buy/sell volume difference for various altcoins, showing the buying and selling pressure over time. Solana (SOL) has seen alternating strong buying and selling phases, with recent activity showing increased buying interest. Cosmos (ATOM) and Polygon (MATIC) have also shown increased buying pressure despite mixed activity trends.
Cardano (ADA) and PancakeSwap (CAKE) have shown balanced buying and selling phases, with recent trends proving increased buying pressure. Coins like AMP and ANKR have also demonstrated increased buying activity. The heatmap reveals that most altcoins are seeing increased buying pressure as whales and large investors accumulate altcoins in anticipation of a rally.
Meanwhile, coins experiencing selling pressure, as indicated by the predominantly red areas on the heatmap, include DOGE, DASH, AXS, XRP, COMP, and AAVE, BNT.
Bitcoin whales are also buying
It is important to note that while whales are accumulating altcoins, Bitcoin whales are also active. Crypto Basic note an increase in buyer activity on Binance, which aligns with an increase in the buy/sell ratio of takers and whale movements. Analyst Ali Martinez highlighted the ratio fluctuations from below 0.8 to above 1.7 between July 27 and 31. Ratios above 1.0 indicate aggressive buying, often preceding price rallies.
From July 27 to July 28, the ratio remained mostly above 1.0, corresponding to the rise in Bitcoin price from around $66,500 to over $67,000. A spike to around 1.5 led to a sharp increase in price to around $68,500. However, on July 30 and 31, the ratio fell below 1.0 several times, corresponding to a drop in price to around $66,000, before a final spike to 1.7 indicated another slight increase in price.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
How to buy a car with cryptocurrency
The automotive and cryptocurrency industries have been merging for the past few years. As digital currencies become more prevalent in everyday activities, it is increasingly likely that they will be integrated into everyday transactions, such as when buying a car. The article unpacks the dynamic relationship between cryptocurrency and car buying today, explaining how digital currencies can be used to buy a vehicle today. It includes elements such as some of the benefits and challenges of buying a car using cryptocurrency and what lies ahead in the future.
Understanding Cryptocurrency Payments in the Automotive Industry
Cryptocurrency is not just a digital asset; it represents a revolutionary approach to decentralized financial transactions. The automotive industry, known for its adaptability, has begun to accept cryptocurrencies as a legitimate form of payment in various markets. For example, luxury car dealerships and online platforms offering car auctions in new york increasingly allow buyers to purchase cars using cryptocurrencies.
There are several factors that determine how much cryptocurrency you need to buy a car. Among them, the most influential will be the current value of the cryptocurrency you want to use at that moment. Unlike traditional currencies, cryptocurrencies can be very volatile. Their value can change drastically in an instant, which affects the amount needed at the time of purchase.
Benefits of Buying Cars with Cryptocurrency
Buying cars with cryptocurrencies offers several advantages:
– Reduced transaction fees: Cryptocurrencies can reduce the fees involved in large financial transactions typical of car purchases.
– Enhanced Privacy: Buyers who value their privacy can benefit from anonymity through blockchain-based transactions.
– Speed and convenience: transactions are faster than those carried out by banks, especially when the operation has an international scope.
Challenges and considerations
Although the benefits are compelling, several challenges must be considered:
– Volatility: At one moment, the price of any cryptocurrency can collapse, or the next minute it can skyrocket, and the price needed to buy a car can double or triple from one day to the next.
– Limited acceptance: Not all dealers accept cryptocurrency, which in turn may limit its use for making purchases.
– Tax implications: This may create different tax implications on purchases via cryptocurrency, depending on your jurisdiction.
Practical steps to buy a car with cryptocurrency
If you want to use cryptocurrency to buy a car, follow these steps:
- Ensure Acceptance: Check if the dealer or auction accepts the use of cryptocurrency.
- Check the conversion rate: You need to know how much your cryptocurrency is currently trading at compared to the price of the car in fiat currency.
- Secure your funds Make sure your digital wallet is secure and funded.
- Know the terms: Be informed and be clear about return policies as well as any additional fees incurred.
- Complete the transaction: Continue the payment via the digital wallet.
Future prospects
There is a good chance that many car dealerships will start accepting digital currencies, especially when blockchain technology pushes the boundaries and cryptocurrencies become stable. This trend is expected to be propelled forward due to the increasing demand for transparency, security, and efficiency in transactions.
Conclusion
The potential for cryptocurrencies to have a real impact on the car buying process is enormous. Of course, there are a few issues that emerge when considering the current market, including volatility and limited acceptance. However, the benefits of using digital currency to execute such transactions can easily outweigh the drawbacks for many buyers. As both sectors continue to grow, buying cars with cryptocurrencies shows a promising future and therefore creates a more connected and developed technological automotive market.
This means that buying a car, whether in cryptocurrency or in another form, is not just about following technological trends; it is rather about enjoying greater freedom and efficiency in financial transactions. Indeed, the closer the digital and automotive worlds become, the more buyers should expect simpler, much safer and also very innovative ways of purchasing.
Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
Introducing Bit-Chess. The World’s First Fully Decentralized Chess Platform
Bit-Chess announces the pre-sale of the world’s first fully decentralized chess platform, combining the classic strategy game with the innovative world of cryptocurrencies. This platform will change the way millions of people interact with chess online, providing a digital space where players can enjoy their favorite game, compete in global tournaments, and earn rewards through play-to-win mechanics.
Bit-Chess is an entry point for both experienced players and newcomers to the crypto space. It provides tools and guides to help even inexperienced users get started with cryptocurrencies by creating in-game wallets upon first login. It is the first chess game to use Web3 technology, and all participants can earn money while playing.
During the presale, 500 of the 2,000 special NFTs will be available, with the rest distributed through tournaments and auctions. Unless NFT holders agree otherwise, the team will manage 1,500 NFTs, preserving their rarity with a cap of 2,000 pieces. More information about the NFT marketplace will be released after the token’s official launch.
The platform aims to become the world’s leading online chess center, offering:
Play to win features.
Global tournaments with cash or NFT prizes.
Player versus player challenges
Special NFTs and more
Bit-Chess invites players from all over the world to join its unique ecosystem, where playing chess is more than just entertainment: it’s an opportunity to earn and learn in the world of crypto.
For more information and to participate in the presale, Visit the Bit-Chess website.
Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. The Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
Here’s the price of XRP if it handles 10% of SWIFT transactions
Popular community figure Amélie predicts a massive increase in the price of XRP if its underlying network, XRPL, is used to process 10% of all SWIFT transactions.
In a recent article on X, Amélie took on SWIFT (Society for Worldwide Interbank Financial Telecommunication), suggesting that XRP is a better alternative for cross-border settlements.
Ripple claims Swift is not fast enough
In a recent post on X, the community personality called attention to a Ripple ad claiming that “Swift isn’t fast enough.” The remark was a subtle criticism of Ripple’s transaction processing speeds for the global financial messaging giant.
Interestingly, Ripple has recommended financial institutions to adopt its solution to instantly transfer value across borders.
Amelie compared the processing speed of SWIFT and XRP transactions. According to community figures, cross-border transactions on SWIFT typically take between three and five business days. Conversely, Amelie claimed that XRP transactions can be completed in four seconds.
After the analysis, Amélie echoed Ripple’s sentiments, pointing out that SWIFT is not fast enough compared to XRP.
XRP to Surpass $1,000 if it handles 10% of SWIFT transactions
Therefore, enthusiasts have speculated that all SWIFT transactions will eventually be processed through the XRP Ledger (XRPL), the underlying blockchain of the XRP token.
Interestingly, she suggested that the price of XRP could surpass $1,000 per token if 10% of all SWIFT network transactions were processed through XRPL. However, Amelie did not provide details on how XRP could reach this milestone.
SWIFT VS XRP:
SWIFT: 3 to 5 business days
XRP: Cross-border payments in 4 seconds
SWIFT IS NOT FAST ENOUGH!
I think all Swift transactions will soon be processed via #XRPL 💵💱💴
10% of SWIFT network = $1,000+ per XRP! pic.twitter.com/Jt6mumQHfb
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 20, 2024
Can XRP replace SWIFT?
Several cryptocurrency enthusiasts have compared XRP to SWIFT in recent years. In particular, the famous crypto asset manager Grayscale characterized XRP as an alternative to SWIFT. Notably, some users have taken this comparison further by projecting that XRP could eventually replace SWIFT because of its inefficiencies, including slow transaction processing.
The potential replacement of XRP with an established system like SWIFT would require more than just community support. Factors such as the final resolution of the SEC lawsuit, increased institutional adoption of XRP, and large-scale commercial partnerships leveraging Ripple’s payment solution could play a critical role in XRP’s potential replacement or integration with SWIFT.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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