Thank you for coming to the exciting world of coins! As we move into 2024, there is more talk than ever about which coin will go off. There are so many choices that it's like being in a digital candy shop and not knowing what to choose. But don't worry, crypto fans and smart buyers!
This guide is your golden ticket to finding the top 20 cryptocurrencies that could take off. The search for "which crypto will explode in 2024" takes us deep into the world of cryptocurrencies, from the big names to the newest ones.
SingularityNET
Anyone can use SingularityNET, a blockchain tool, to make, share, and sell AI services. Users can buy different types of AI services with the AGIX utility coin in a global AI marketplace.
The AI boom is one of the most exciting new technologies, and it's not just happening in crypto. It's happening all over the world. SingularityNET is in a great situation to make money off of this trend. Along with researchers and writers, it has a big group of AI scientists. It is easy for users to buy AI services or make their own and sell them on the site.
Wall Street Memes
Wall Street Memes is more than just a coin; it's a way for new and interesting crypto projects to get started. It has a unique edge because it focuses on helping new cryptocurrencies. Its growth depends on how well the projects it backs do. It's like a Wall Street Meme for new projects.
Ethereum
At first look, Ethereum might not seem to belong here. It's not at all hidden. Everyone who invests in cryptocurrencies knows about it since it has been the second-largest for years.
Ethereum may not be going to skyrocket by 10,000% any time soon, but it still has a lot of room to grow. People can use smart contracts to make dApps, and this was the first blockchain to offer them. Ethereum has a big lead over similar companies because it was the first to market.
Fetch.AI
Fetch.ai (FET 0.67%) is an AI lab where people or groups can make bots that can act on their own. After that, the agents can help the user with jobs in the real world. On a blockchain platform, agents store data and talk to each other, so they can work together without having to talk to a person.
Fetch.ai's coin is called FET tokens. Because of this, they're used to paying on its network. This is another coin that did well in 2023 because AI technology was all the rage. Near the end of the year, it gained almost 300% in worth.
Cardano (ADA)
Cardano (ADA), another well-known coin, could grow a lot in 2024. The price of ADA had a rough start to 2023, but it started to pick up speed in mid-October. ADA has gone up by more than 147% since January.
The all-time high for ADA was $3.09 in September 2021, more than two years ago. It is now down more than 80% from that high point. ADA could hit its all-time high again if the market goes through another bull run.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the most well-known cryptocurrencies out there. But the token has had a hard time gaining steam for most of 2023.
A layer-2 network was also set up as part of the project earlier this year. The start did not, however, move the price of SHIB. Fans and buyers of SHIB still think that the meme coin's price will go up in 2024.
Grok (GROK)
Grok (GROK) is getting more attention in the cryptocurrency market thanks to Elon Musk's new AI chatbot project, which is making people very excited.
Even though GROK isn't directly connected to Musk's chatbot, trading rates have gone up because of interest in cutting-edge AI developments.
Layerzero (ZERO)
LayerZero is a cross-chain messaging system that was released by LayerZero Labs in September 2021. It lets developers make apps that work on multiple decentralized networks. This helps people get more money and use it more effectively.
LayerZero's technology is used by several protocols, such as Stargate Finance and Radiant Capital, which have a total TVL of more than $600 million.
LayerZero has also raised about $250 million in funding rounds and is now worth $3 billion on the market. This has made people excited about the launch of a token and prizes for early adopters. This can often lead to demand for cryptocurrencies that are just starting.
Sponge V2
Sponge V2 is the best coin that will go off in 2024. It's a great choice because it takes a unique approach to managing digital assets and works well with standard finance.
A lot of investors looking for both stability and growth are interested in the token's unique framework and pre-sale deals. Sponge V2 has a lot of room to grow thanks to its strong base and ability to adapt to new markets.
Rendertoken (RNDR)
The RenderToken network lets miners who have extra bandwidth on their graphics processing units rent it to artists and creative companies that need extra computer power. RNDR is the native token that people who create and mine on the Render Network use to make deals.
This project was made by Otoy, a cloud graphics business. Otoy just released the Octane X RNDR app for iOS to make the graphics processing even more level. Reports from Fast Company say that the app has the same Otoy GPU renderer that Disney and Marvel use. This could help RenderToken become a big player in metaverse rendering.
You could buy RNDR in a public sale in 2017, but it was only recently added to the Coinbase market. Even though it's a very risky bet, RNDR could benefit from the extra attention it's getting on Coinbase and the huge growth of digital art non-fungible coins.
Bitcoin
Bitcoin is already one of the best cryptocurrencies, if not the best. It's not a dark-horse cryptocurrency that will triple in value, but it has had some great news to start the year.
The Securities and Exchange Commission (SEC) finally agreed on January 10, 2024, to allow Bitcoin ETFs. It had been waiting for years. There are now 11 Bitcoin ETFs, and on their first day, they were traded for $4.6 billion.
Monero
Most people have heard of Monero, which is a privacy coin that lets users make deals without being tracked. It uses technology to protect privacy so that the sender, receiver, and amount of each transaction are never shown.
In the world of Bitcoin, this coin has been around since 2014. That's a long time. More rules are being put in place for cryptocurrencies in many countries, including the US. This makes it an interesting option right now.
Zksync ERA
With zero-knowledge technology at its core, zkSync is an Ethereum-based scaling option. Rollups, which are part of the blockchain infrastructure, run transactions off of Ethereum's (ETH) main net to make the network less busy and lower gas fees.
Because Matter Labs raised $458 million, they were able to start this layer-2 network in February 2023. Two hundred million dollars of that raise will be used to help people use zkSync. The project hasn't said when its token might be listed, but a price page on CoinMarketCap made people think it might be coming soon.
AAVe
Aave is a lending tool and an open protocol for decentralized finance (DeFi). Users can give and borrow cryptocurrency. Smart contracts handle everything, so there's no need for a middleman. People can take an interest in the digital goods they lend out.
Lots of well-known coins, like Tether and DAI, have liquidity pools on Aave. One thing that makes Aave a possible long-term winner is that it has grown beyond crypto loans by partnering with Centrifuge to offer real-world assets.
Swap It Out
Uniswap is an automatic market maker (AMM), and its native token is the Uniswap Protocol Token. Decentralized crypto trade is made possible by AMMs' use of smart contracts. Through protocols like Uniswap, you can trade crypto by linking your crypto wallet. You don't have to make an account or give personal information.
Uniswap wasn't the first AMM, but it was the first one to take off and have a lot of transactions. It has more than 71 million trades and a total transaction amount of $489 billion.
The Decentraland (MANA)
The MANA coin can be used as money in the virtual reality game Decentraland, which is built on the Ethereum blockchain. People who play can buy goods and services, land, and meet other players. They can also make their content and sell it.
The price of MANA on April 5 was $0.5989, which is about 109% more than its 52-week low of $0.2859 and 76% less than its 52-week high of $2.56. Market capitalization-wise, MANA is the second-biggest game cryptocurrency.
Other games like Decentraland compete with it, and in-game items are pretty pricey. For example, land parcels that were just mentioned start at 3.5 Ethereum, which is about $6,650 at today's prices.
However, Decentraland does have some advantages that could help the MANA token move forward. For instance, users of Decentraland keep control of the digital assets they make and can exchange them for coins other than MANA.
XrP
Ripple's main cryptocurrency is XRP. Ripple is a payment protocol that uses blockchain technology to make transactions quick and cheap. Ripple was created to make sending money between countries easier, and hundreds of banks use its technology as a result of partnerships with the company.
Even though Ripple has been around since 2012, most of the big U.S. cryptocurrency exchanges took the company off their lists when the SEC began to investigate it at the end of 2020.
Investors should be glad that Ripple (mostly) won its long fight with the SEC. The judge said that Ripple did break security laws when it sold XRP tokens on exchanges, but it did break the law when it sold tokens to institutional buyers.
Gorilla (GORILLA)
Gorilla (GORILLA) is a new cryptocurrency that charges a 5% tax to support ecosystem growth. It offers a unique set of launchpad features. GORILLA's momentum is kept up by putting half of this tax back into buybacks, liquidity reserves, listings, and marketing.
The price of GORILLA has gone up 105% in the last seven days, which suggests that the token could have a great 2024. Moreover, CoinGecko's sentiment study reveals that more than 97% of users are optimistic about GORILLA's future. Another altcoin that is likely to grow in the coming year is Gorilla. It has sustainable tokenomics, features that are driven by usefulness, and an appealing design.
Strokenet (STRK)
You should also keep an eye on StarkNet's STRK coin, which already has a token contract running on Ethereum's blockchain. In February 2022, Israeli blockchain company StarkWare Industries started the layer-2 network, which has since raised $36.85 million in TVL.
StarkNet announced in December a big program to give out tokens and other rewards to get people to use it. This made it official that the network wanted to release a local token, which should happen by April 2024. Also, StarkNet's plan to give away more than 1.8 million STRK coins could make people more interested in the token, which could lead to it becoming a new listing coin on tier 1 markets.
The OG Army
The OG Army cryptocurrency is a new idea that will change the way investments affect both financial accounts and the world as a whole. Unlike other digital currencies, the OG Army combines the chance to make big investments with a desire to protect apes.
More and more people are becoming aware of and concerned about environmental problems. OG Army's dedication to making the world a greener place through every transaction makes it a smart choice for investors.
Access to NFT collections and immersive gaming experiences are just a few of the special benefits that will make it appealing to a wide range of people, from players to eco-friendly investors. This will help the cryptocurrency market grow even more.
What Is Going On With Bitcoin And Ethereum Price?
There have been big changes in the crypto market, especially when it comes to Bitcoin and Ethereum. The prices of these two digital currencies have gone up and down, which has made investors and experts wonder what will happen next.
According to data from Forbes, the prices of Bitcoin, Ethereum, and other digital currencies have been going down over the past few months. This drop in trust is because the Federal Reserve has issued strong warnings expressing deep concerns. Bitcoin, which had gone up at the start of the summer, lost all of its gains, and the Ethereum and crypto market as a whole did too.
The market is now just above $1 trillion in value, and a crypto services provider called Matrixport has warned of another price drop that could happen. There were also gains in the cryptocurrency market, which were mostly caused by BlackRock's historic spot bitcoin exchange-traded fund (ETF) filing in June.
After this, XRP maker Ripple and crypto asset manager Greyscale won court cases against the U.S. Securities and Exchange Commission (SEC). But Markus Thielen, who is in charge of research and planning at Matrixport, has said that he is worried about how weak the crypto markets are.
He talked about the possible lack of cash that could happen when FTX's finances are dissolved. This could cause a trade of $3.4 billion in digital assets from the failing platform by the end of the year.
Frequently Asked Questions
Which Crypto Will Rise In 2024?
Solana (SOL) is poised for potential growth in 2024.
Which Crypto Can Give 1000x In 2025?
It's speculative, but newer projects like Metaverse-related tokens or promising layer 1 solutions could potentially offer 1000x returns by 2025.
Which Crypto Will Go High In 2023?
Ethereum (ETH) might see significant gains in 2023, especially with anticipated upgrades like Ethereum 2.0.
Which Cryptocurrency Will Reach $10,000?
Bitcoin (BTC) has the potential to reach $10,000, though it's difficult to predict the exact timing.
Conclusion
I hope that you have understood which crypto will explode in 2024. Looking ahead to the beginning of 2024, the current trend in the cryptocurrency market points to a continued bull run. This is especially true for Bitcoin, which is still showing big gains. It looks like this trend will be good for the presale tokens on our list, which could be very successful once they go on sale.
These tokens have new features like stake-to-earn and play-to-earn (P2E) battles, and they are backed by teams with a lot of experience in the crypto space. But the best way to get the most out of these changes is to act quickly. Investors could make a lot of money if they get in during the sales stage when prices are usually lower.