Next Cryptocurrency to Explode in 2023
There is no doubt that the crypto market is growing by leaps and bounds. The most popular cryptocurrency in the world, Bitcoin, has recently started growing again alongside other cryptocurrencies. The capitalization of the crypto market has already exceeded $1.1 trillion. The world’s largest investment funds are actively investing in various crypto assets.
All these factors suggest that the industry is on an uptrend and is likely to continue growing for a long time. That is why millions of investors strive to find out what will be the next cryptocurrency to explode.
The crypto market is extremely volatile, and cryptocurrencies that make it big can become shitcoins not a week later. However, some of those crypto coins and tokens manage to stay on top. Most crypto investors are always on the lookout for surging cryptocurrencies, regardless of where those digital assets end up after their trip to the moon.
Whether you want to find the next cryptocurrency to explode in 2023 or just want to diversify your portfolio with some high-risk, high-reward digital assets, the cryptocurrencies on this list will be perfect for you. Alternatively, you can also check out our list of the cheapest crypto to buy now!
Ethereum
Ethereum is the second largest cryptocurrency after Bitcoin in terms of market capitalization. This cryptocurrency and the whole Ethereum network offer users access to a wide range of features and applications. Additionally, the Ethereum platform has a lot of value when it comes to exchange automation. Ethereum smart contracts minimize bureaucracy and allow two parties to make a deal without intermediaries yet with low transaction latency and security.
Ethereum has recently switched to the proof-of-stake consensus mechanism, which made it a lot more energy-efficient and eco-friendly. This, alongside the newly introduced staking, might make this crypto project a lot stronger in the long run.
Crypto experts and enthusiasts believe that due to this project’s high fundamental value and its well-thought-out and ambitious roadmap, the asset’s growth is likely to continue in 2023 and beyond. According to crypto experts and analysts, Ethereum might be worth around $8,000–$10,000 by the end of 2022. For more information, check out our ETH price prediction.
Shiba Inu
Shiba Inu is a great example of a meme coin that has managed to carve out a sizable niche for itself in a short period of time. Although it does not have any fundamental value, SHIB managed to capture the hearts of many fans and crypto enthusiasts and saw a lot of success in 2021.
A lot of people expected this cryptocurrency to fall into obscurity after its first successful trip to the moon, but it managed to repeat the journey in the fall of 2021. Will it be able to retake and overtake its previous highs again? Only time will tell, but we are currently bullish on it. After all, this is one of those digital assets that can benefit the most from any hype on the crypto market. Check out our full SHIB price prediction here.
Algorand
Algorand was rising in the second half of March 2022 and showed a lot of promise last year. This crypto asset backs a self-sustaining decentralized blockchain network that is currently working towards becoming one of the biggest dApp (decentralized apps) hubs in the world. At the moment, the project is operating on a bridge that would bring Ethereum compatibility to the Algorand blockchain, which will attract a lot of much-needed liquidity to the project.
Algorand has a lot of partnerships lined up for the future and seems to be on the cusp of the next price rally. All that said, only time will tell whether it will be the next crypto to explode or not — don’t forget to do your own research before investing in it or any other coin on this list. Read our ALGO price prediction here.
Aave
AAVE is the native cryptocurrency of a decentralized lending platform that goes by the same name. AAVE both serves as a governance token and provides reduced transaction fees for borrowing and lending money.
Two things help Aave stand out in an increasingly competitive field: the wide range of cryptocurrencies available for lending and borrowing and its ability to offer users a choice between variable and fixed interest rates. Many crypto enthusiasts are expecting AAVE to pump in the near future, and this asset is definitely promising enough to do so.
Decentraland
Decentraland is a virtual reality gaming platform based on the Ethereum blockchain. The application allows users to create any programs that can be used in gaming reality and monetized. The project has virtual land plots called simply LAND, where users build objects and live in this virtual world. The MANA cryptocurrency was developed to serve the platform.
The project’s prospects could make the investment profitable. Low volatility, the development team’s active participation in promoting the virtual world, and users’ interest in the economic aspects of the game make the Decentraland (MANA) asset more attractive.
XRP
XRP has been steadily holding on to its place in the top 10 by market cap for years now — this cryptocurrency remains popular among both institutional and retail investors, and its community is as strong as ever.
Despite being an older cryptocurrency that does not often get hyped by people like Elon Musk, XRP still has a lot of ups and downs and more than enough potential to go to the moon. XRP is hailed as the new alternative to SWIFT — and if it does indeed manage to become a global decentralized payment system, we can only imagine how high the XRP price will rise. Check out our XRP price prediction here.
Cardano
The Ethereum blockchain platform, which aims to create smart contracts, decentralized applications (dApps), and financial instruments, regularly competes with other projects. In 2017, the Cardano network with its ADA coin was launched. Developers use a scientific and methodological approach, create new technologies, and constantly expand the platform’s functionality. Cardano is one of the fastest-growing blockchain platforms. The World Economic Forum considers it one of the most scalable blockchains.
In 2021, the coin’s price rose more than elevenfold. However, the most crucial is that ADA maintains the level of trading rates it reached during the first bull run of 2021. ADA has already shown impressive price growth, having burst into the TOP-10 in terms of capitalization.
Behind the project, there are three large organizations engaged in scientific research in cryptography, engineering, and blockchain technology. These factors make the coin attractive for short-term and long-term investments.
Stellar
Stellar’s creators see the prospect of developing their project precisely in partnership with companies and large investors. XLM is a promising cryptocurrency that has the potential to take Ripple’s place in the future. Given the long-term partnerships with large companies and financial institutions aimed at a wide audience, the project could become more and more popular. As a result, the asset’s price can multiply.
The asset’s blockchain is known to the crypto community for its incredibly fast processing speed. The hybrid protocol can significantly reduce the verification time for both transactions and smart contract execution. It also generated a lot of institutional interest.
Solana
Solana (SOL) continues to strive for new heights, attracting investors’ attention. For several months in a row, it has set new records that significantly exceed the results of the first bull run in 2021. More highs are likely to come in 2023, and we might see the Solana coin become Ethereum’s main rival.
Curve
The Curve DAO Token, or CRV, is the utility token of Curve, a decentralized exchange (DEX) for stablecoins that uses an automated market maker (AMM) to manage liquidity. DAO stands for “Decentralized Autonomous Organization.”
CRV is one of the top 100 digital assets in the world by market cap and is one of the most promising crypto projects. Nowadays, Curve has become almost synonymous with decentralized finance (DeFi).
Although CRV has been on the decline lately, it has responded well to market booms in the past and may benefit from any future bull run. Recently, there has been a lot of hype for all things decentralized finance, so decentralized platforms like Curve stand to gain a lot from any bull run.
Aptos
Aptos is a decentralized, peer-to-peer cryptocurrency released in September 2021, providing quick, secure, and cost-efficient transactions.
Aptos is a blockchain-based platform that uses the Binance Smart Chain and a native utility token called APT. It offers fast transaction processing times of around three seconds or less, as well as low transaction fees, which makes it an economical option for digital payments.
This digital asset has a tokenomics model with a limited total supply of 100 million tokens. A portion of the tokens is burned in each transaction, resulting in a decrease in overall tokens over time and an increase in their potential value.
Yearn.finance
Yearn.finance is a platform that allows DeFi investors to maximize their profits from yield farming. As their goal is to simplify access to the world of DeFi investment, it definitely has much potential — the industry is still relatively young and is likely to attract new investors in the future.
YFI, the in-house token of the Yearn.finance project, has been in a bit of a slump lately, but it stands to gain a lot from a potential future bull run. Its price is already picking up bit by bit. It’s up to you to decide whether it can fit your portfolio, but we do think that this asset is worth keeping an eye on.
PancakeSwap
PancakeSwap has recently started rising again — both in terms of price and trading volume. The interest in this cryptocurrency is definitely rising, and when it comes to crypto, an increase in interest often leads to a price rally.
CAKE powers PancakeSwap, a decentralized exchange. It uses an AMM (automated market maker) that allows users to trade against a liquidity pool. The platform also offers staking, lotteries, and more. The PancakeSwap project shows a lot of promise and has a chance to moon in 2023.
Binance Coin
Binance Coin has been consistently ranking in the top 5 by market cap in recent years and has one of the highest ROIs on the cryptocurrency market, which makes it a solid investment choice for 2023.
Like most cryptocurrencies, BNB is dependent on Bitcoin’s price and usually rises alongside BTC, but with a slight delay. For example, during the first bull run in 2021, Bitcoin reached its maximum in April, and the Binance Coin followed suit in May, hitting its current ATH of $690.
How To Spot the Next Big Cryptocurrency
The cryptocurrency market is wildly unpredictable, so there’s no one sure way to predict which coin or token is going to hit it big next. However, there are some signs you can look out for.
If you are just about to start investing in cryptocurrencies, don’t forget to read, observe, compare, and be updated on the latest crypto news. Crypto prices are very dependent on hype and demand, so it helps to be up to date with the latest trends in the industry.
Generally speaking, it is better to invest in a project that has a fundamental value and whose prospects are more or less clear. It should offer a solution to an urgent problem for a particular crypto ecosystem or even provide some new technology or mechanism.
It is also essential to pay attention to the asset’s past performance. It is wiser to invest in a project that has shown mostly positive growth dynamics over the past six months or even a year. After all, this indicates it has at least some stability and some bulls that believe in it. The market capitalization of the cryptocurrency and its popularity among both experts and crypto newbies are also of great importance when choosing an investment asset you want to add to your crypto wallet.
Make sure to examine every little detail about the project you’re interested in.
A cryptocurrency project must meet users’ needs. Promising projects always introduce unique technologies and innovative solutions that solve existing problems and give users more opportunities to make a profit. At the same time, promising projects are simple, affordable, operational, and flexible.
In addition, it is also recommended to avoid investing in non-fundamental projects that have low capitalization and have not gained popularity since in this case, the risks of losing your funds are very high.
Best Cryptocurrencies with Potential to Buy in 2023
There are a lot of high-potential crypto coins and tokens that can become the next Bitcoin in addition to the ones we have listed above. Although they might never reach BTC’s market cap, these up-and-coming altcoins can try and match it in terms of profit generated for investors. Here are four more of the hottest new coins and tokens you can get this year.
Before getting any of these cryptocurrencies, don’t forget to remember the basic rules any crypto investor should follow: diversify, DYOR, and don’t fall for FOMO.
ApeCoin
ApeCoin may be the youngest cryptocurrency on this list, but it definitely should not be underestimated. Inspired by the famous Bored Ape Yacht Club project, this governance token is currently rocking the crypto world. There are a lot of eyes on it at the moment, and you know what that means in the crypto industry — it has substantial growth potential. Read our APE price prediction to learn more about this young yet already extremely popular cryptocurrency.
Lucky Block
Lucky Block is one of the crypto projects launched in January 2022. It is a global lottery platform that operates on the Binance Smart Chain, and LBLOCK is its native token. Although Lucky Block is presently having some issues, which lead to a price decline and a sell-off, its supporters are still standing firmly behind it, emphasizing that projects like this often ramp up in a year or two after release.
? We kindly remind you to do your own research (DYOR) before investing in any asset. What instruments can be used in your research? YouTube videos from experts, reviews and assessments from the community, social media like Twitter, Reddit, TG channels, etc. The security of your funds is your responsibility! DYOR to outsmart scammers!
Bitgert
Bitgert, or BRISE, is a relatively young crypto project — it was launched in 2021. However, it has already managed to establish a strong and dedicated community that believes in its fundamental value.
The Bitgert ecosystem is positioned as an alternative to DEX platforms like PancakeSwap. It lets users securely receive, store, send, and exchange their favorite cryptocurrencies with incredibly low fees. Users can also stake their native token.
The BRISE price had quite a few ups and downs in 2022, and many experts are excited to see if it is the next crypto to moon. That said, its market cap is still relatively low. Overall, this token is worth keeping an eye on.
Orbeon Protocol
The Orbeon Protocol is a decentralized financial protocol based on the Ethereum blockchain. It provides a platform for creating and managing digital assets, such as non-fungible tokens and decentralized applications.
Orbeon Protocol can support multiple blockchains, facilitating the interchange of assets and data among different networks. This allows users to move resources between systems more conveniently, enhancing the performance and flexibility of the protocol.
The Orbeon Protocol presale provides investors the chance to access the protocol early and potentially benefit from its growth if it ends up becoming the next big crypto. Those who purchase Orbeon Protocol tokens during this period can gain various rewards as the protocol becomes more popular in the DeFi sector.
However, please remember that research is key! Make sure to understand the risks before investing in the Orbeon Protocol or any other project.
FAQ
What is the next crypto to explode in 2023?
Ethereum, Solana, Aptos… There are a lot of cryptocurrencies that have a chance to shake up the crypto space in 2023.
To get a better idea of what will be the next crypto coin to explode, don’t forget to keep up with the news and check out ICOs to look out for the best up-and-coming crypto to invest in. Additionally, don’t forget to check for potential updates to older cryptocurrencies like Bitcoin Cash.
What is the best new crypto to buy?
Generally, projects like Axie Infinity — P2E games or platforms that work with NFTs — have been doing very well lately in the crypto sphere. Utility tokens of decentralized apps and decentralized exchanges like UNI tend to do well, too, so you can look out for them. Even though meme coins can also have explosive growth potential, they are an incredibly risky investment.
Metaverse cryptocurrency projects are also still popular despite not being as big of a trend anymore and could be one of the best cryptos for the next bull run.
In general, crypto as an asset class is known to be high risk and high reward, so there are often different coins going up. Many investors prefer to buy a variety of digital assets instead of looking for just one specific “best new crypto.”
How do I know what crypto I should buy?
For cryptocurrency investors, it’s essential to do thorough research and analysis before diving into the digital currency market. Begin by examining the cryptocurrency by market cap and exploring the fundamentals of major cryptocurrencies. Look for factors such as the technology behind the crypto tokens, the development team, and the project’s real-world applications. Keep in mind that investment advice from reputable sources can also guide your decisions. Remember, the best crypto investment is one that aligns with your financial goals and risk tolerance.
What are the best decentralized finance crypto tokens to invest in?
DeFi has opened many new investment opportunities for cryptocurrency investors. While the market is constantly evolving, some notable DeFi crypto coins and tokens include Ethereum (ETH), Aave (AAVE), Uniswap (UNI), and Compound (COMP). When evaluating DeFi tokens, consider factors like the project’s vision, technology, and token utility. It’s crucial to stay updated on the latest developments and trends in the DeFi sector to make informed investment decisions.
What is the best way to make a profit on the crypto market?
Making a profit in the crypto market typically requires a combination of strategies. Here are a few tips:
Buy low, sell high. Aim to buy digital currency at the lowest price and sell when the current price is higher than your initial investment.Diversify your portfolio. Invest in a mix of crypto tokens to reduce risk and maximize potential gains.Long-term holding. Consider holding onto high-quality cryptocurrencies for a while, as their value may appreciate over time.Stay informed. Regularly monitor the market, keep up with news, and follow trends to make well-informed decisions.
Remember, the cryptocurrency market is volatile, and no single strategy guarantees profits. Always invest only what you can afford to lose and seek professional advice when needed.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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