Markets
Next Cryptocurrency to Explode in 2024. Top 5
It looks like the crypto market could really take off in the second half of 2024, thanks to a new Ethereum ETF on the horizon. Which altcoins are set to explode this year?
Altcoins will explode
Industry analysts believe the next altcoin season will begin as early as this summer. Here are the cryptos that are set to explode soon.
Dawgz Base
Source: basedawgz.com
Dawgz Base is the newest dog-themed cryptocurrency of 2024, currently in pre-sale phase. In the growing trend of new cryptocurrencies, especially those built on platforms like Ethereum and Solana, Base Dawgz (DAWGZ) shows promising growth potential.
While its native blockchain is Base, this cryptocurrency is also compatible with four other blockchains: Ethereum, Avalanche, Solana, and Binance. This interoperability is facilitated through cross-chain technologies like Wormhole and Portal Bridge, allowing DAWGZ token holders to navigate the decentralized world seamlessly.
Additionally, DAWGZ operates on a Proof of Stake consensus mechanism and incorporates staking features, which will be activated at a later date, offering investors passive income opportunities. Interested traders are encouraged to engage with the project’s social media platforms to stay informed about upcoming pool openings and other developments.
The presale has already raised over $2.536 million, with tokens currently priced at $0.006405 each, with an increase expected in the next presale round. The roadmap includes plans for listing on major decentralized exchanges during the third phase, followed by integration on centralized platforms in the fourth phase.
Additionally, a campaign will soon be launched to reward Base Dawgz holders who generate content about the currency online. Given the continued interest from traders, those intrigued by the project are advised to participate early to potentially capitalize on the expected appreciation in the value of DAWGZ.
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Shiba Inu
The next coin to explode soon is SHIB. You see, Shiba Inu (SHIB) has really carved out a niche for itself in the crazy world of meme coins right after Dogecoin. People used to jokingly call it the “Doge Killer,” and it’s been quite the journey ever since. The team behind it has been super active, constantly adding new ways to use SHIB and even launching new tokens like TREAT recently. They’re really expanding the entire Shiba Inu ecosystem.
Over the past year, Shiba Inu’s value has increased by over 150%, and it is now worth around $11 billion. While it is not at its all-time high, SHIB tends to start rising again during market rallies. This could mean good things for the token in 2024, especially as more and more people invest in it.
A major advantage of SHIB is that it is available on almost all major cryptocurrency exchanges, making it easy for new traders to purchase it.
Solana
The next cryptocurrency to explode in 2024 could be SUN.
Today, new cryptocurrencies are predominantly meme coins, as they have gained significant traction in the market. With so many promising altcoins in this niche, it is impossible not to mention blockchain, where most of them reside.
Solana has really caught the attention of crypto enthusiasts in 2024 as a super-efficient blockchain platform. It has gained massive popularity due to its innovative approach and advanced features that make its native token even more useful. Furthermore, the coin uses a unique consensus mechanism called Proof of History (PoH), which sets it apart in the market.
Helium (HNT)
Another cryptocurrency that will explode in 2024 is HNT.
Helium (HNT) is a project that aims to revolutionize internet connectivity by decentralizing it and rewarding users through mining. Its network allows low-power wireless devices to connect and transmit data through nodes. Users are incentivized with rewards in HNT tokens for participating in this system. Additionally, Helium offers 5G telecommunications services, making it a versatile player in the Web3 ecosystem, often referred to as decentralized Wi-Fi networks.
Helium originally operated on its own blockchain, but in March, it made a strategic move to migrate to Solana, aligning itself with one of the most popular blockchains of 2024. In May, two important developments had a significant impact on HNT’s market value. First, the launch of a new wallet version for Android and iOS platforms improved user accessibility and functionality. Second, the introduction of Helium Mobile Group’s plans for internet services attracted considerable market attention, sparking increased investor interest in this cryptocurrency.
Ton Coin
And another good currency to invest in is TONNE.
On the TON (Toncoin) network, there are over 500 applications available, ranging from meme coin platforms, wallets, exchanges, video games, staking platforms, DeFi protocols, NFT platforms, and more. The price of Toncoin, the ecosystem’s native token, is surging as its network continues to gain widespread adoption. In the past two months alone, its Total Value Locked (TVL) has increased by 1,900%.
Notable applications on TON include earning games such as Notcoin and Hamster Kombat, which have significantly increased the project’s popularity. Notcoin, for example, already boasts a user base of 40 million. The development and creation of meme coins has also contributed to the rise of the ecosystem.
Last year, Toncoin increased by 390% and currently occupies the honorable ninth position in the ranking of the main digital currencies. Thus, the currency is positioned as one of the most effective assets on the market.
Cryptocurrency Growth Drivers
What are the factors that can affect the growth of cryptocurrencies?
- Social media buzz: Monitor social media platforms (X, Reddit, and more) for trending tokens indicating potential interest and growth.
- Audits and transparency: Ensure that the cryptocurrency undergoes third-party audits and that the founders are publicly known, increasing credibility.
- Project Fundamentals: Evaluate the utility, tokenomics, development roadmap, team plans, and other critical aspects outlined in the whitepaper for long-term viability.
- Initial price: Tokens offered at discounts during pre-sales can potentially increase in value as more people start using them.
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only.
Common questions
Which cryptocurrencies are expected to explode in 2024?
In 2024, keep an eye on cryptocurrencies like Base Dawgz (DAWGZ), Shiba Inu (SHIB), Solana (SOL), Helium (HNT), and Toncoin (TON). These coins are projected to take off based on what we’re seeing in the market right now.
What factors can impact the growth of cryptocurrencies?
Social media buzz, how transparent a project is, audits, and the expertise of the team all play a role. Additionally, how they price tokens during initial sales can set the tone for investor interest and growth in the market.