In this post, we discuss the 10 potential cryptos that are set to explode in 2023.
The cryptocurrency market continues to grow rapidly this year, now boasting a valuation of over $2.5 trillion. as the crypto market expands, more and more exciting projects can launch and benefit from investors’ interest – leading to impressive price return over both the short and long term.
With that in mind, this guide discusses the next cryptocurrency to explode in 2023, highlighting the coins with the highest price potential, before showing you how to invest in the best new cryptocurrency today.
Top 10 next cryptocurrency to explode in 2023
Finding the next crypto to explode can be hard and challenging, especially now that there are thousands of projects to choose from. to help streamline the decision-making process, we’ve conducted the research and narrowed down the selection to our top-ten most promising cryptocurrency coins – all of which are listed below:
Solana (sol) – next cryptocurrency to explode in 2023
Cardano (ada) – leading blockchain network with rebound potential
Ripple (xrp) – popular crypto project set to bounce back in 2023
Gala (gala) – leading p2e platform crypto could explode this year
Apecoin (ape) – popular pick for the next cryptocurrency to explode in 2023
Shiba inu (shib) – next best crypto with ‘meme coin’ potential
Cosmos (atom) – best new cryptocurrency for unique interoperability mechanism
Ethereum (eth) – most promising cryptocurrency for dapp development
Tron (trx) – decentralized blockchain looking to revolutionize content creation
Dogecoin (doge) – famous ‘meme coin’ with huge community backing
Virtual currencies are highly volatile. Your capital is at risk.
A closer look at the next crypto to explode in 2023
If you’re looking to make serious money with cryptocurrency, investing in one (or more) of the coins listed above could be a wise move. With that in mind, let’s take a closer look at each of these next big crypto projects, ensuring you can make an informed investment decision:
1. solana (sol)
The top crypto set to explode is solana. The popular crypto beginner token solana emerged as the fastest-growing cryptocurrency last year, driven by the blockchain’s high level of scalability. Given ethereum’s troubles with gas fees and low throughput, many dapp developers opted to create their platforms on the solana network.
According to various reports, solana can handle 65,000 transactions per second (tps), with an average transaction cost of $0.00025. The blockchain can achieve this through a unique ‘proof-of-history’ consensus, which allows solana to remain fully decentralized whilst offering tremendous scalability.
The pyth trading network supported by institutional trading houses in chicago and new york is perhaps the most high profile success of the project. Its nft and defi networks are expanding at pace too.
Despite a correction to a low of $25 in 2022, many investors are bullish on sol long term. Experts have predicted that solana crypto price prediction for 2025 is set to hit the $250 level.
Virtual currencies are highly volatile. Your capital is at risk.
2. Cardano (ada)
Another coin which could be the next crypto bull run is cardano. as defined by forbes, cardano is a blockchain platform that looks to become the ‘internet of blockchains’. This project was founded by charles hoskinson, one of the co-founders of ethereum, who looks to make cardano more scalable, interoperable, and sustainable than the current leading networks.
Cardano differs from the likes of bitcoin and ethereum by using a ‘proof-of-stake’ (pos) consensus mechanism, which drastically reduces energy expenditure when creating new blocks. This combines well with cardano’s smart contract functionality, meaning that the network offers a viable alternative for dapp developers.
Although ada, the network’s native token, hasn’t had the best of times lately, this project still has excellent potential for the months ahead. Cardano could also become the most energy-efficient cryptocurrency on the market as the move towards net-zero emissions gains momentum.
Virtual currencies are highly volatile. Your capital is at risk.
3. Ripple (xrp)
Ripple could be the next cryptocurrency to explode in 2023, following some positive news regarding the network’s ongoing litigation with the sec. As you may already know, ripple is the name of the company behind ‘ripplenet’, a decentralised payments system that allows speedy and low-cost transactions between different currencies.
The process is facilitated through the use of xrp, which acts as a ‘bridge’ between the two currencies. Due to this approach, ripplenet has been seen as a natural upgrade to the outdated swift network, which can take between 3-5 business days to process payments in some scenarios. Combine this with the positivity surrounding ripple’s lawsuit, and it’s clear that now could be the ideal time to buy xrp before the coin explodes once more.
Virtual currencies are highly volatile. Your capital is at risk.
4. Gala (gala)
Another project leading the way when it comes to the next cryptocurrency to explode is gala. Put simply, gala is a p2e gaming platform that uses the gala token as its native currency. Within the gala ecosystem, gamers can play various games and earn tokenized rewards, all whilst forming part of a like-minded community.
Gala also allows gamers to make money with nfts since the ecosystem has a built-in nft store for purchasing in-game items. These items take many forms, such as weapons for certain games and playable characters.
Gala has generated momentum in recent months due to the announcement that the development team is in the process of creating its own blockchain. presently, gala runs on the ethereum blockchain, although it has partnered with polygon to speed up its expansion.
However, creating a new blockchain (dubbed the ‘galachain’) will allow gala’s users to benefit from lower transaction fees and increased throughput. In addition, the development team will be able to tailor the blockchain specifically to gamers, making it ideal for gala’s long-term growth.
Virtual currencies are highly volatile. Your capital is at risk.
5. Apecoin (ape)
If you’re looking for the next big cryptocurrency with ‘meme coin’ potential, look no further than apecoin. Apecoin is an erc-20 token closely linked to the most expensive nfts – the bored ape yacht club (bayc) collection, considered one of the best nfts to buy. Bayc nfts have garnered incredible attention from a-list celebrities, leading to much hype when apecoin was released earlier this year.
Although bayc’s creators didn’t develop apecoin, it has become the native token of the ‘otherside’, the metaverse platform launched by yuga labs. Aside from being used within this upcoming virtual world, apecoin has also been implemented into other mobile games, providing much-needed use cases. Although the utility is still lacking for ape, the coin is able to benefit from colossal community backing, meaning it could be the next crypto to blow up this year.
virtual currencies are highly volatile. Your capital is at risk.
6. Shiba inu (shib)
The meme coin race has been made even more interesting with shiba inu’s launch in late 2020. According to its anonymous creator ryoshi, shiba inu is a spontaneous experiment on the community-driven initiative. This is a part-piece attempt to topple dogecoin on the meme crypto crown and install shiba inu as the top meme coins for investors. This has seen shiba inu nicknamed the ‘dogecoin killer.’ Despite playing second fiddle to dogecoin, shiba inu surged over 21,000 per cent in the climax of the 2021 price rally making the digital asset one of the best meme coins to buy this year.
However, shiba inu does not aim to take over the top spot with just social media hype and fanfare. The shiba team has been churning several use cases to keep the project relevant and top-of-mind for investors. One of the most recent is a foray into the metaverse. According to a blog post on its website, shiba inu is looking to introduce virtual real estate called shiba lands.
Virtual currencies are highly volatile. Your capital is at risk.
7. Cosmos (atom)
Cosmos could become the next big crypto to make waves in the market due to its unique take on interoperability. If you invest in any of the best altcoins, you’ll know that blockchains tend to operate individually rather than in tandem with other chains. Due to this ‘competitive’ mindset, dapp developers have had to decide which chain they wish to construct their projects on, significantly decreasing the potential user base.
However, the cosmos protocol allows developers to create their own ‘zones’, which are separate blockchains that link to the central cosmos hub. Developers retain full autonomy over their own blockchains whilst still being able to connect and share information with other zones. This ensures that dapps can be integrated across multiple zones, which boosts interoperability and takes these networks to the next level.
Virtual currencies are highly volatile. Your capital is at risk.
8. Ethereum (eth)
Ethereum is the second-largest cryptocurrency globally, as noted by coinmarketcap, and has become the go-to network for dapp developers to construct their platforms. This is due to ethereum’s smart contract functionality, which removes the need for a centralised intermediary in countless situations. However, ethereum has been plagued by high gas fees recently, which has forced dapp developers to look elsewhere.
This could all be set to change with the upcoming move to ‘ethereum 2.0’, which is rumored to occur in the next few months. Ethereum 2.0 will see the network move to a proof-of-stake mechanism and utilise sharding, significantly increasing scalability and reducing network fees. If this upgrade has the desired effect, it will likely attract developers back to the network, meaning now could be a great time to buy ethereum before the next bull run.
Virtual currencies are highly volatile. Your capital is at risk.
9. tron (trx)
If you’re looking for the best cryptocurrency to invest in for decentralised content creation, look no further than tron. Tron is an open-source blockchain network that functions similarly to ethereum because it has smart contract functionality and can host dapps. However, tron aims to allow content creators to cut out the middleman, such as YouTube or Tiktok, and connect directly with consumers.
As a proof-of-stake blockchain, investors can purchase trx, tron’s native token, and stake it to generate a passive income stream. Trx is also great from a speculative standpoint, as the network is now compatible with the ethereum virtual machine (evm), allowing a high degree of interoperability between the chains. Finally, tron has even partnered with samsung on blockchain-based projects, highlighting its credibility within the space.
Virtual currencies are highly volatile. Your capital is at risk.
10. Dogecoin (doge)
Dogecoin remains one of the best meme coins on the market, even after its massive fall from grace over the past year. Most people will know of doge thanks to the quadruple-digit returns that the coin produced in mid-2021, following mentions from high-profile names such as Elon Musk. However, doge has suffered recently due to a lack of ‘real-world’ utility.
Dogecoin did experience a price rise in april 2022, following Elon Musk’s takeover of Twitter, as investors believed the coin could be integrated into the social media platform somehow. This is all just speculation at this point, although it would provide some much-needed utility for doge. Having said that, more than 3,000 merchants now accept the coin as a payment method – meaning it certainly has price potential if it continues to grow.
Virtual currencies are highly volatile. Your capital is at risk.
How to find the next cryptocurrency to explode
If you’re looking to find the next best cryptocurrency to buy today, it’s essential to know where to look. although more people than ever are opting to buy cryptocurrency on a daily basis, it can still be challenging to seek out coins that have high potential due to the sheer volume of new projects.
Not to worry – we’ve done the research and found three of the best ways that you can find cryptocurrencies set to explode, all of which are discussed below:
Check out initial coin offerings (icos)
initial coin offerings (icos) are a way in which the developers of a crypto project can raise funds to further the project’s development. These icos allow investors to purchase tokens issued by the development team (often at a low price), allowing them to benefit when the project takes off.
Many of the best penny cryptocurrencies started through an ico and have provided exponential returns in the period following the project’s launch. However, it’s also important to note that icos are essentially unregulated, meaning that there are many ‘scam’ projects. Due to this, it’s crucial to complete in-depth research before pledging your funds to an ico.
Use social media
One of the best ways to find the next cryptocurrency to explode in 2023 is to review social media sites. The top sites tend to be Twitter and Reddit, as these two are ideal for real-time updates on crypto projects.
Most projects will have a dedicated subreddit for in-depth discussion – for example, defi coins has a subreddit containing 5,000 members. These forums can be a great resource to find information presented in a clear and unbiased manner, helping you separate the high-potential projects from the rest.
Keep track of the latest crypto news
Fnally, you can find the next crypto to explode in 2023 by keeping up to date on the latest news about the most volatile crypto. the crypto market is still relatively new compared to the traditional financial market, meaning that certain news events can have an outsized impact on a coin’s price movements.
Furthermore, news items can also push certain coins into the limelight, allowing investors to get involved before the price skyrockets. Notable examples include dogecoin and shiba inu, which were discussed in major media outlets before picking up steam and producing dramatic returns.
Virtual currencies are highly volatile. Your capital is at risk.
Where to buy the next potential crypto coins
Although defi coin is our pick for the next crypto to explode, you may also wish to invest in some additional projects to create a diversified portfolio. If this is the case, it’s vital to partner with one of the best crypto exchanges so that you can trade safely and cost-effectively.
Our recommendation for which exchange to partner with is the online broker etoro. Etoro needs no introduction, as the platform has become the go-to for traders worldwide and now boasts over 24 million registered users. not only that, but etoro is also heavily regulated within the trading scene by entities such as the fca, asic, cysec, fincen, and finra.
One of etoro’s most appealing aspects is the platform’s transparent fee structure. etoro charges a flat 1 per cent fee on all crypto trades (plus the spread), with over 60 cryptocurrencies available to invest in. The minimum trade size is only $10, thanks to etoro’s fractional investing mechanism, with users also able to fund their accounts from only $10.
in terms of deposits, etoro accepts credit/debit cards, bank transfers, and e-wallets – with full support for paypal. There are no deposit fees to contend with and no monthly subscription fees. On top of this, etoro’s sign-up process is fully digital and can be completed in minutes – with no need to send away any paperwork.
Crypto investors will also be glad to know that etoro also provides a free crypto wallet app available on ios and android devices. This app supports hundreds of crypto-assets and boasts industry-leading security to protect your holdings. You can even swap one crypto for another from within the app’s interface – making it easy to speculate on short-term price movements.
Virtual currencies are highly volatile. Your capital is at risk.
Next cryptocurrency to explode – conclusion
In conclusion, this guide has taken a comprehensive look at the next cryptocurrency to explode in 2023, highlighting the projects with the highest price potential over the longer term.
Leading the way in this regard is tamadoge, a brand new metaverse project filled with p2e features. Tamadoge has sold out its crypto presale, collecting $19 million in the process. This promising cryptocurrency will soon be listed on okx – which will list tamadoge on its centralised and decentralised exchange.
Faqs on the next crypto to explode
What is the next crypto set to explode?
Our number one pick for the next cryptocurrency to boom is ethereum. Eth is a deflationary token bringing utility to the smart contract industry, giving it massive upside potential.
How do i find promising cryptocurrencies?
There are numerous ways to find promising cryptocurrencies, such as regularly reviewing our crypto news page. Alternatively, you can also keep tabs on social media sites like Reddit and Twitter and check investment websites to see which coins are trending.
Virtual currencies are highly volatile. Your capital is at risk.
