Finding the next big crypto in the world of Web3 can produce life-changing returns for investors. In the past, early backers of Dogecoin (DOGE), Bitcoin (BTC) and Ethereum (ETH) have each become extremely wealthy owing to their high level of conviction in some new and exciting technologies.
The industry is still full of opportunity for investors seeking to ride the next crypto bull wave to the moon. This article will cover the top 6 next big cryptocurrencies that look ready to explode.
List of the next big cryptocurrencies to buy right now
Investors who want to know what the next big cryptocurrency to invest in should look no further than this list. A team of experts has compiled a comprehensive list of the next hot crypto projects in Web3 and shared their thesis to help give investors an insight into the biggest trends across the space.
It’s always important to do your own research when deciding which cryptos to buy, so here are the 6 next big cryptocurrencies that could explode in the coming years:
- Memeinator (MMTR) — A fun new community that aims to obliterate its foes in the meme coin market
- Pi Network (PI) — A mobile-first blockchain with more than 47 million users
- Stellar (XLM) — An established crypto network with real-world applications
- Aptos (APT) — A fast-growing network for enterprise-grade dApps
- Polygon (MATIC) — An upgraded Polygon ecosystem with zero knowledge tech
- Shiba Inu (SHIB) — Bringing more meme coin facilities onto an Ethereum layer-2
The hottest cryptocurrencies to buy — analyzed and reviewed
1. Memeinator (MMTR) — A fun new community that aims to obliterate its foes in the meme coin market
What is Memeinator?
In the depths of the bear market, Memeinator was developed with the intention of putting an end to overinflated meme coins plaguing the realm of Web3. Instead of sharing hollow promises and crypto assets lacking underlying value, Memeinator aims to deliver an appealing blockchain platform filled with different features.
The Memeinator community has access to a variety of services, including a blockchain game called Meme Warfare, a branded NFT collection, and DeFi capabilities such as token staking. To put the cherry on top, the Memeinator team has set aside a sizable marketing budget specifically to assist with promoting the native MMTR token across the internet.
Memeinator has been busy gaining traction during the opening stages of its presale launch. The project has attracted more than 20k followers on Twitter and 2k people to its community channel. Additionally, the project will be sending one lucky member of the Memeinator community into outer space through a free trip on Virgin Galactic’s Spaceline.
How does Memeinator work?
Meme Warfare, the project’s game, is one of the key utilities provided by the Memeinator platform. It will be fed by the platform’s AI, Memescanner, which scours the internet far and wide in search of poor quality meme coins to feed into its Meme Warfare game. Players compete to destroy rival meme coin characters using the Memeinator’s built-in weaponry in a number of brutal, Terminator-style ways. This exciting game will surely have players gripping the edge of their seats.
Memeinator will also include a specialized NFT collection, which has the potential to give the community its own distinct identity and deliver rewards for early investment. This program is currently in the process of being developed, and the team working on Memeinator will be providing additional details in the very near future.
A staking feature is also being developed, allowing users to stake their MMTR tokens on the Memeinator platform. This not only enables every investor to earn a passive income on their long-term token ownership but also provides a component of decentralized financing, a rarity among meme coins.
Why buy MMTR?
The MMTR crypto presale, which was announced on 29th August (a.k.a. Judgment Day for Terminator fans), officially began on 29th September. Participants will have the opportunity to purchase their native token at a discount during the course of the event, which will last through 29 stages. In Stage 1, MMTR may be purchased for $0.01, a price that is expected to increase to $0.049 by the time the last investment round is completed.
Following the conclusion of the MMTR presale, the token will be published on crypto asset exchanges and made accessible to a greater number of investors on the open market. Early price projections have stated that MMTR might eventually achieve a market cap of $1 billion and bring the team’s attention to meme coin marketing. Combined with the platform’s broad array of community activities, Memeinator stands apart from the other meme coins on the market.
>>> You can find more information, including how to buy MMTR, by visiting the official Memeinator website <<<
2. Pi Network (PI) — A mobile-first blockchain with more than 47 million users
What is Pi Network?
Anyone can download the Pi Network mobile application and begin mining PI tokens automatically in the background, which is one of the primary reasons why PI has managed to attract 47 million users since its launch. The rapid adoption seen in a short space of time reflects PI’s innovative approach to creating a decentralized blockchain network.
Mining PI can be done at a very low cost and is quite simple to set up in comparison to mining other cryptocurrencies. Anyone who possesses even the most fundamental smartphone is able to join the dispersed network of nodes, and the architecture of the network can be supported even without the use of specialized mining equipment.
In addition, developers are able to build their own specialized applications on the Pi Network, and the project has been actively soliciting developer participation in order to grow the ecosystem. Pi cites the enormous user base and transportable virtual machine of the blockchain as two of the primary arguments in favor of basing a business on this distributed ledger technology.
How does mobile-first mining work?
The Pi Network app is available on both the Play Store for Android devices and the App Store for iOS. PI tokens are automatically generated for the user while the application is running in the background, as every user actively participating in the mining process contributes to supporting the blockchain infrastructure.
PI mining has a natural edge over the majority of other blockchain networks due to the availability of the mining process. To mine a block of Bitcoin, for example, a miner needs to invest in high-priced hardware and rack up significant electrical costs to sustain the operation. On the other hand, mining PI can be done automatically on a mobile phone with very little impact on the device’s ability to maintain its battery life.
Why buy PI?
As the project is getting ready to deploy the full mainnet in the upcoming months, PI tokens are not currently available for purchase on the open market. It is highly possible that all early adopters of the network have already generated PI tokens and certain digital asset exchanges are already providing an IOU value for PI tokens.
With such a high level of adoption before the crypto asset has even been launched, PI appears to be well positioned to continue its meteoric ascent over the next few years. It is already the digital asset with the second-highest number of owners in South Korea, and it has already been used in a peer-to-peer (P2P) transaction to buy tangible artwork.
Recently, the price of PI IOUs increased by 142%, which is further evidence that the project is currently within a bullish adoption period. PI has a good chance of doing very well in the next crypto bull market, owing to its widespread adoption and early development phase.
3. Stellar (XLM) — An established crypto network with real-world applications
What is Stellar?
Stellar is currently ranked in the top 25 digital assets and is making steady progress toward its goal of better connecting blockchain technology with the physical world. Stellar, which was created in 2014 by Jed McCaleb and Joyce Kim, rose to prominence as a result of its emphasis on facilitating rapid and low-cost international transactions.
The fact that XLM enables speedy settlements for cross-border payments at a cheaper rate than any legacy system has made Stellar an established method of processing payroll worldwide. Stellar is currently the leading provider of cash-to-crypto off-ramps around the world, which helps people in cash-dominated countries or poorer economic areas to gain a reliable payment infrastructure.
In total, there have been 322,000 stations set up around the world to facilitate better access to cryptocurrency payments with no barriers to entry. More people worldwide have a mobile phone than a bank account, and Stellar’s cash-to-crypto services are having a tangible impact on making blockchain payments a viable alternative to legacy financial systems.
How could Soroban smart contracts improve the Stellar ecosystem?
Stellar launched an upgraded smart contract system in September. The new smart contracts, known as Soroban, improve the complexity of Stellar smart contracts and allow new use cases to be unlocked for the ecosystem.
Previously, Stellar could only run simple smart contracts that could execute a limited number of transactions simultaneously. With Soroban, Stellar now has a more versatile virtual machine that works in a similar way to other leading layer-1 blockchains, including Ethereum, Cardano, and Solana. As a result, developers will be able to launch complex user applications on Stellar’s decentralized network.
Why buy XLM?
XLM has become a consistent presence at the top of the crypto rankings, owing to the project continually building upon a strong technical foundation. Major companies, including IBM and MoneyGram have already adopted it, and it looks like it could be the next crypto to explode over the coming years.
4. Aptos (APT) — A fast-growing network for enterprise-grade dApps
What is Aptos?
Aptos is a layer-1 blockchain that enables the development of decentralized applications (dApps), which are software programs that may be used to support a multitude of use cases. This is made possible by smart contracts, which use a highly advanced virtual machine on Aptos called Move.
Aptos employs a one-of-a-kind programming language that was developed expressly for the ecosystem. ‘Move’ provides developers with a greater amount of precision than other blockchain programming languages, including Solidity, which is used by the majority of other layer-1 blockchains in the world of Web3. Using a more advanced programming language gives Aptos dApps more versatility and greater responsiveness, which can help increase the number of use cases for dApps on the blockchain.
The proof-of-stake consensus mechanism that the Aptos network employs also confers a high level of scalability on the network as a whole. Because it is capable of processing transactions at high speeds and at low prices, it is an excellent option for firms that want to develop appealing blockchain-based services.
Aptos is considered as a tool to help democratize the way transactions are done and shift power away from centralized institutions. This is because Aptos uses distributed ledger technology. Aptos is well positioned to emerge as a leading figure in decentralized finance as a direct result of the expansion of capabilities made possible by the development of blockchain technology.
What makes Aptos unique?
Aptos is a new layer-1 blockchain ecosystem that delivers robust smart contract functionality. Its network is incredibly scalable, and it has a decentralized governance model. Because it enables businesses to conduct secure, efficient, and speedy financial transactions, the platform was created as an enterprise-grade layer-1 chain that can support billions of users simultaneously.
Aptos can accomplish more adaptability than its competitors because it has developed a one-of-a-kind smart contract technology that is known as the Move virtual machine. Move is widely considered one of the most cutting-edge technologies for the construction of decentralized applications (dApps), and when combined with a blockchain network that is highly scalable, it presents Aptos with a significant opportunity for growth.
The fact that Aptos is a computer network that is totally decentralized and transparent adds even more value to the technology. Aptos is also one of the newest layer-1 blockchains in Web3 at the moment, and it is planning to launch its native APT coin in October of 2022.
Why buy APT?
On the Aptos blockchain, the APT token is used to pay for the fees associated with transactions and to compensate validators for their efforts in protecting the network. A built-in usefulness on a high-potential blockchain has helped it grow to become one of the most sought-after digital assets in the cryptocurrency market since its creation at the end of 2022.
Aptos, much like Solana, has the goal of assisting enterprise-level clients in the development of their very own decentralized applications (dApps) using blockchain technology. In comparison to its rivals, it will become the smart contract platform of choice for large-scale financial applications due to the fact that its infrastructure is extremely scalable and its smart contract capabilities are more advanced.
5. Polygon (MATIC) — An upgraded Polygon ecosystem with zero knowledge tech
What is Polygon?
A scalability solution that leads the pack for layer 2, Polygon was developed with the intention of enhancing the transaction processing capabilities of the Ethereum network. Consequently, its network hosts many decentralized applications (dApps) that offer Web3 services based on these improvements. These dApps are associated with the Ethereum Virtual Machine (EVM), which gives developers access to extended programming options.
The native token of Polygon, known as MATIC, powers the network and enables users to have a voice in how the platform is governed. Since Polygon uses a proof-of-stake consensus protocol, which depends on a financial disincentive for reasons of security, MATIC rewards validators for their aid in supporting the infrastructure. This is because MATIC recognizes the importance of the validators’ contributions.
Developers can set up their own bespoke blockchains that are simple to interface with other EVM networks because the design of Polygon is both creative and flexible. Polygon is also migrating to Polygon 2.0, which is a new and improved layer-2 that integrates zero-knowledge proofs. This is being done in order to improve the scalability of the network even further.
What is Polygon 2.0?
The Polygon ecosystem will be migrated into an improved technological environment in which zero-knowledge proofs will be utilized at the fundamental level of the infrastructure by Polygon 2.0. Although Polygon is already one of the most scalable Ethereum networks at the moment, the implementation of zero-knowledge proofs has the potential to boost the network’s scalability even more.
As part of the transition to Polygon 2.0, a new virtual machine will be incorporated into the system. The new virtual machine, which has been given the name zkEVM, brings together zero knowledge capabilities with an EVM-compatible programming language. This means that developers can deploy current EVM decentralized applications (dApps) on Polygon zkEVM with little changes to the code base while still taking advantage of the significant increases to scalability.
Why buy MATIC?
The imminent network transfer that Polygon will go through will usher in a new stage of development for the project. Polygon 2.0 will involve the launch of a new native token called POL and a new virtual machine that blends zero-knowledge proofs with a programming language that is naturally compatible with EVM. This new virtual machine will be known as POL.
In a typical scenario, this would signal the conclusion of the MATIC project; nevertheless, it is anticipated that POL tokens will be issued through airdrop to those who already own MATIC. Every person who has invested in MATIC can have a head start on the launch of POL if this scenario plays out. This is probably because MATIC will soon lose all of its utility in the Polygon ecosystem, which will result in its value becoming effectively worthless.
Instead of allowing all investors’ value to drop to such a great extent, it is possible that Polygon will compensate its backers with POL tokens to protect them. Consequently, the acquisition of MATIC at present may result in substantial returns on investment due to the fact that POL is likely to increase in value following the release of Polygon 2.0.
6. Shiba Inu (SHIB) — Bringing more meme coin facilities onto an Ethereum layer-2
What is Shiba Inu?
Shiba Inu, known by its abbreviation SHIB, became available on the Ethereum network as an ERC-20 token in 2021. An anonymous team of programmers manages the Shiba Inu coin, and the person in charge of the project uses the identity Shytoshi Kusama. When the Shiba Inu token was first introduced, half of the total supply of tokens were airdropped to Ethereum’s founder Vitalik Buterin. This contributed to the project’s increased visibility within the cryptocurrency community.
During his appearance on Lex Friedman’s show, Vitalik gained widespread recognition for his insightful discussion on Shiba Inu. What followed was a remarkable commitment on his part—he pledged to donate his entire SHIB token supply to charitable causes. The early stages of Shiba Inu’s emergence were nothing short of captivating, drawing the gaze of individuals worldwide. This intense interest propelled the SHIB token’s value to an astonishing $43 billion in a remarkably short period.
Since then, the Shiba Inu development team has been diligently toiling away at constructing a new environment for the meme coin. SHIB now functions as the native token for a layer-2 blockchain compatible with the Ethereum Virtual Machine (EVM). Layer-2 network Shibarium is home to an expanding number of decentralized applications (dApps) and users; more than a million wallets were created in the first two weeks after the network’s launch.
There is a huge population of people that are passionate about Shiba Inus. The initiative gave the NFT art movement a helping hand, which contributed to the network by including online art galleries. In addition, businesses might develop apps that have been explicitly designed with Shibarium’s large user base in mind. Some decentralized applications (dApps) currently being developed for Shibarium include virtual reality metaverses, play-to-earn games, and DeFi services, which include lending and borrowing protocols.
What is Shibarium?
A layer-2 blockchain that is part of the Ethereum ecosystem is known as Shibarium. It is more scalable than Ethereum mainnet and uses SHIB tokens as its primary form of crypto asset payment. In addition to being used for transaction fees, SHIB is also utilized to support the infrastructure of the network by rewarding validators with tokens.
Shibarium is considered a Turing complete language due to its interoperability with the Ethereum Virtual Machine. This indicates that programmers utilizing the Solidity programming language can put smart contracts onto the network, which paves the way for constructing one-of-a-kind digital assets and full-fledged programs geared toward the end user.
The blockchain experienced its first live transaction in August 2023 and has experienced rapid expansion ever since. Despite the fact that there were some teething problems in the beginning, Shibarium already has more than a million active users and has processed nearly three million transactions in its first month of existence. There are currently 10,499 smart contracts running on the network, and 7670 different coins have been issued.
Why buy SHIB?
Although SHIB was created as a joke, it now reflects a meme coin ecosystem that is fast spreading. DoggyDAO, the organization tasked with carrying out Shiba Inu’s goals for community-driven governance, has recently increased the number of recognizable companies serving on its board of advisors.
Former executives from NewsCorp, Disney, and Nasdaq are now serving on the advisory board of DoggyDAO, which just expanded its membership. It is anticipated that the project will make Shibarium the go-to choice for companies interested in distributing decentralized applications (dApps) to many users. NFT media platforms, decentralized SocialFi, and a multitude of other blockchain utilities are a few examples of the apps that fall under this category.
How we determined the next big crypto projects in Web3
Availability
The experts have picked the 5 next cryptocurrencies based on their native asset’s availability. While some of the projects remain in their earliest phases of development, early backers who gain investment exposure before the full launch on the open market may gain an even greater chance to make outsized returns.
Market Capitalization
The next big cryptocurrencies to buy typically have an undervalued market cap, usually because they remain in their early stages of development. Each project listed here has a distinctive set of features that could set it apart over the coming years, with a strong product-market fit and plenty of room to grow.
Long Term Utility
Long-term utility is a crucial consideration for the next big cryptocurrency projects. Picking out use cases that are likely to attract buyers long into the future can be the difference maker between a successful project and a flop, so this list has been packed full of projects that deliver attractive utilities to their community.
What are the main things to consider when investing in cryptocurrency?
Your Budget
Investors should never risk more money than they can afford to lose, even though the cryptocurrencies listed above are undoubtedly among the most popular options right now.
Risk Tolerance
Investors seeking to mitigate against investment risks associated with cryptocurrencies may be interested in taking the ‘barbell approach’. This loads up a portfolio with assets that have varying degrees of risk, from speculative small-cap investments to more predictable returns from large-cap currencies.
Security and Regulation
When shopping for the next big cryptocurrencies, it’s important to find out what regulations apply in your country. Some places offer 0% capital gains tax, while others do treat the sale of cryptocurrency as a taxable event. Make sure to find out in advance to avoid getting a call from the tax man down the line.
Conclusion — What is the next crypto to explode in 2023?
Every project listed here has major potential for growth. Still, through an exhaustive study of each platform’s strengths and weaknesses, alongside current and future potential, these three have been selected as among the most promising:
Memeinator
PI network
Stellar
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