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The next cryptocurrencies will explode in 2024
The most exciting thing about investing in cryptocurrencies is that their value can skyrocket. In 2021, we saw Solana (SOL -1.67%) up by over 10,000%. Meme token Shiba Inu (SHIB -2.33%) rose by over 40,000,000%.
Image source: The Motley Fool
Of course, the downside is that prices can drop just as quickly. There’s no guarantee that either Cryptocurrencies are here to stay. But after a long time bearish marketmany major coins have seen a recovery in the second half of 2023, so cryptocurrency investors are cautiously optimistic for 2024 and beyond.
Of course, it is impossible to know which cryptocurrency will be next to boom. However, we can identify some possible candidates by taking advantage of current trends, including artificial intelligence (AI)decentralized apps (dApps) and digital asset trading, as well as some of the largest cryptocurrencies poised to grow even more this year.
Explosive cryptocurrencies
Eight cryptocurrencies will explode in 2024
Here are the cryptocurrencies that could be the cause of a significant bull run:
1 – 3
1. SingularityNET
SingularityNET (AGIX -0.39%) is a blockchain platform that anyone can use to create, share and monetize artificial intelligence services. It provides a global AI marketplace where users can purchase all types of AI services with the AGIX utility token.
THE Boom in artificial intelligence it has been one of the most exciting recent technological developments, both for cryptocurrency and the world as a whole. SingularityNET is well positioned to capitalize on this trend, with a large team of scientists, researchers and AI developers. The platform allows users to easily purchase AI services or develop and sell their own.
SingularityNET was already quite successful early last year, with a price increase of more than 1,300%. It later declined, probably due to some investors taking their profits. However, it could see more success as artificial intelligence and the number of companies using artificial intelligence continue to grow.
2. THORChain
THORChain (RUNE 0.64%) is a decentralized cryptocurrency exchange that operates through an automated market maker (AMM) model. It has liquidity pools for cryptocurrencies managed by smart contracts. Anyone can use THORChain by connecting their blockchain wallet to trade over 5,500 cryptocurrencies.
Centralized cryptocurrency exchanges have had their share of high-profile problems, including the collapse of FTX in 2022. It’s understandable why many investors would want full control of their cryptocurrencies and use decentralized exchanges whenever possible.
While there are many decentralized exchanges available, THORChain stands out due to its industry experience and recent growth. It was founded in 2018, but business started to really pick up towards the end of last year. In November 2023, swap volume was approximately $1 billion per week.
3. Recover.ai
Recover.ai (FET -0.1%) is an artificial intelligence laboratory that allows individuals or organizations to build their own autonomous agents. Agents can then handle real tasks for the user. Agents store data and interact with each other on a blockchain platform so they can collaborate without human interaction.
FET tokens are Fetch.ai’s native cryptocurrency. As such, they are used to make payments on its network. This is another cryptocurrency that has performed well in 2023 thanks to the hype around AI technology. Its value increased nearly 300% towards the end of the year. While that’s a sizable gain, based on the kind of returns other popular projects get, there’s likely still plenty of room to continue growing.
4 – 6
4. Bitcoin
As Ethereum (ET -0.18%), Bitcoin (Bitcoin 0.6%) is already one of the main cryptocurrencies: the superior cryptocurrency, to be exact. While it is certainly not a cryptocurrency set to triple in value, it has had some very positive news for the start of the year.
After years of waiting, the Securities and Exchange Commission (SEC) finally approved Bitcoin ETFs on January 10, 2024. There are now 11 Bitcoin ETFs available, and they saw $4.6 billion in trading volume on their first day. SEC approval makes it easier than ever to invest in the market’s largest cryptocurrency and could lead to purchases by more institutional investors Bitcoin.
While all cryptocurrencies are volatile, Bitcoin’s size makes it somewhat safer as it is more likely to stick around. If you’re looking for a relatively low-risk cryptocurrency investment that could perform well in 2024, Bitcoin is worth considering.
5. Coins
Monero (XMR 3.2%) is the best known privacy coin, which means it is a cryptocurrency with anonymous and untraceable transactions. It uses privacy-enhancing technology to keep the sender, recipient and amount of each transaction hidden.
This coin has been around since 2014, a long time in a market that moves as quickly as the cryptocurrency market. It is an attractive investment now due to the increasing regulation of cryptocurrencies in many countries, including the United States.
There are many people who want to keep their cryptocurrency transactions private, especially as regulations become stricter. This gives Monero a clear use case and makes it an ambiguous choice for a cryptocurrency that could see continued success.
6.Six
Six (SIX -0.12%) aimed to bring financial markets to the blockchain. It was co-founded by Jayendra Jog, previously a software engineer at Robin Hood (HOOD -4.3%) and Jeff Feng, who had experience at Goldman Sachs (GS 1.4%).
Sei is designed for trading digital assets and is compatible with the Ethereum virtual machine (EVM). While it’s still in its early stages, having only launched in 2023, it has built a strong team with 28 full-time developers so far.
It’s always promising when a cryptocurrency has a clear problem it aims to solve, as Sei does with blockchain-based financial trading. The technology behind it is also impressive, with its twin-turbo consensus allowing for near-instantaneous operation.
7 – 8
7. Ave
Aave (AAVE 0.1%) is a decentralized finance (DeFi) lending protocol and platform. It allows users to lend and borrow cryptocurrency. Everything is done with smart contracts, so no middleman is required. Users can earn interest on the digital assets they lend.
Aave has liquidity pools for many popular cryptocurrencies, such as Bind (USDT 0.02%) e COME ON (COME ON 0.02%). One reason why Aave could be a long-term winner is this, as well as crypto loanhas expanded into real-world resources, partnering with Centrifuge.
As part of this partnership, Aave has created a real-world asset (RWA) marketplace that allows companies to tokenize parts of their assets. Investors can purchase the tokens offered by such companies and the issuers of the tokens can then do so borrow stablecoins against their assets.
8. Ethereum
At first sight, Ethereum it might seem out of place here. It’s far from under the radar. It has been the second largest cryptocurrency for years, so most cryptocurrency investors are familiar with it.
While we are likely past the point where Ethereum rises 10,000%, it still has serious growth potential. It was the first blockchain to offer smart contracts, which developers can use to create dApps. Ethereum’s first-mover advantage has given it a considerable advantage over similar competitors.
Ethereum has gone through the long-awaited change in a Stake test system in September 2022, significantly improving its energy efficiency. The update also means that you can now bet on Ethereum and earn more, which could help attract more investors. Overall, Ethereum has great growth potential without the extreme volatility of smaller cryptocurrencies. There are also several interesting ones Ethereum Stocks worth considering adding to your portfolio.
Investment related topics
Should I invest?
Should you consider investing in the next cryptocurrency to explode?
It’s tempting to try to find the next big cryptocurrency. While you could potentially get incredible returns this way, it is also difficult, time-consuming, and extremely risky.
To begin with, you will have to look for cryptocurrencies outside of the market leaders. Smaller cryptocurrencies have greater growth potential but are also more likely to fold, so there is a greater chance of losing your entire investment. To balance it out, you may want to invest some of your money cryptocurrency stocks or large-cap coins.
Finding those smaller cryptocurrencies takes time. And even if a project seems certain to win, anything could happen in the cryptocurrency market. Your carefully thought-out investment may go nowhere, while a virtually useless cryptocurrency goes to the moon just because it has Shiba Inu or Dogemoneta (DOGE -1.29%) in its name.
Following cryptocurrency trends or trying to predict them are not good investment strategies. There’s nothing wrong with trying, but keep your expectations – and the amount you invest – very low.
What is the next cryptocurrency that will explode in 2024? Frequent questions
Which cryptocurrency will boom in 2024?
downward angle upward angle
Cryptocurrencies that could explode in 2024 include SingularityNET and Fetch.ai, both of which could benefit from the popularity of artificial intelligence. Bitcoin is another cryptocurrency that could be poised for a strong performance in 2024, thanks to the SEC’s approval of Bitcoin ETFs.
Which cryptocurrency is most likely to explode?
downward angle upward angle
The cryptocurrency most likely to explode is SingularityNET, a platform for creating, sharing and monetizing artificial intelligence services.
Which currency will skyrocket in 2024?
downward angle upward angle
One coin that could skyrocket in 2024 is Fetch.ai. It allows users to create their own AI agents and was on the rise in late 2023.
Lyle Daly has positions in Bitcoin, Ethereum, Solana and Tether. The Motley Fool has positions in and recommends Aave, Bitcoin, Ethereum, Fetch, Goldman Sachs Group, and Solana. The Motley Fool recommends Monero and Thorchain. The Motley Fool has a disclosure policy.
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Top 5 Crypto Pre-Sales for August 2024
Have you heard about cryptocurrencies in 2011? Was Bitcoin so popular back then? Well, yes, some forward-thinking people saw its potential early and invested in BTC back then. Investors were skeptical about this new financial element; however, many took the risk and invested what they could risk in the cryptocurrency market.
Going through the list of top presales, we have identified and studied five of the main candidates that can change the game on the trading charts. These new opportunities promise the best returns and a great chance to buy tokens at affordable prices. While 5thScape is at the top of our recommendation, projects like DarkLume and Artemis Coin are pioneers in their respective categories.
Top 5 Crypto Pre-Sales to Add to Your Watchlist in 2024
Below we present the top five cryptocurrency pre-sales that you should consider adding to your investment watchlist.
- 5th Landscape (5SCAPE) – King of digital VR gaming with AR/VR elements
- Dark light (DLUME) – Virtual Metaverse for Social Exploration
- SpacePay (SPY) – Versatile Financial Payment Gateway for Seamless Transactions
- EarthMeta (EMT) – Replicating our planet on a virtual platform
- Artemis Coin (ARTMS) – NFT Marketplace for Digital Real Estate Investment
In-Depth Review: The Best Crypto Pre-Sales of 2024
Now, let’s take a closer look at these pre-sale events and how they can help investors make significant profits this year.
5th Landscape (5SCAPE)
The 5thScape project combines emerging technology using the fundamentals of virtual and augmented reality on the Ethereum platform using its native currency as 5SCAPE. Users of the token experience increased security and interactive gameplay in the digital space.
Here are the potential reasons why investors are admiring the 5thScape ecosystem:
Immersive Gameplay: With over five game titles, the platform is ready to amaze the audience with games ranging from archery, sports, battle and high-speed racing.
Innovative VR Content: 5thScape’s progress in the crypto-gaming space will contribute to the development of educational resources and other VR content on the website.
Motion Control Gadgets: This project is working hard to introduce VR devices such as headsets and gaming chairs with precise controls and high-resolution soundscapes to achieve the best immersive feeling while exploring the ecosystem.
Practical utility: 5SCAPE tokens stimulate participation in various activities and convert the ecosystem into economic value for investors.
Staking Opportunities: Acquiring 5SCAPE tokens after listing on exchanges can generate higher earnings
Free Giveaways and Prizes: The distribution of free coins and VR subscriptions attract investors.
Visit 5thScape for more details>>
Dark Light (DLUME)
We just saw how 5thScape captures investors with its AR/VR digital landscape. DarkLume works on similar VR principles but has a completely new VR metaverse. Its presale is about to hit the $1 million mark and simultaneously increase fund inflows.
What are the specifics that allow DarkLume to lead the metaverse industry?
Native currency: The project has DLUME as a digital currency that can be used for in-game purchases or upgrades. These utility tokens also give their holders the right to vote on the development and expansion of the project.
Benefits of staking: Investors who want to hold and earn from this currency expect to multiply their funds after the stock market listing.
Exploratory Metaverse: Once you enter this world, there is no turning back. There are so many opportunities to find recreational activities and relieve stress. Walking through lush landscapes and stargazing at night can be a memorable experience. If you are a party animal, DarkLume’s virtual discos and clubs will win you over.
Visit DarkLume for more details>>
Payment for space (SPY)
Traditional financial setups face many challenges in daily transactions and are also expensive. To solve these concerns, Maxwell Bunting founded SpacePay by combining cryptocurrency payments and blockchain technology. The London-based startup makes online shopping and payments more seamless by integrating its network with existing card terminals, allowing users to make payments in any digital currency. Merchants can choose to receive payments in conventional currency without having to pay exorbitantly.
SpacePay has designed a user-friendly and convenient interface that supports over 325 crypto wallets. SPY, the native token of this platform, serves to enable all transactions within its ecosystem. Tokens can also be used to generate passive income through staking and additional community rewards.
EarthMeta (EMT)
EarthMeta is a virtual metaverse created to replicate our planet, Earth. It is listed as one of the best crypto pre-sales of 2024, with a focus on creating new NFT platforms and virtual assets in premium cities. The startup encourages users to own and govern virtual landscapes.
Cities are then further broken down into smaller assets such as landmarks, buildings, monuments, parks, schools, and more. NFTs can now be bought and sold in the project’s marketplace. Governors are eligible to earn 1% fees per transaction within their city. EMT token holders can also generate more at once with custom API integrations and participation in DAO activities.
Artemis (ARTMS)
Today we have covered a number of financial projects that you can consider along with 5thScape, the most promising VR coins of the decade. Artemis (ARTMS) is a financial platform that allows investors to transact and trade using its digital asset, ARTMS. Users can also lend, borrow, stake, save, and generate rewards from yield farming.
The project is about to enter Phase 4 of development which will see the launch of the Artemis Crypto System. This system is customized to facilitate a large number of secure and transparent crypto transactions. Cryptocurrency enthusiasts and professional entities can buy and sell products such as smartphones, bicycles and internet services using crypto payments. Early investors have great advantages until the project is available at a discounted price in the pre-sale.
Read this before investing in the next cryptocurrency market
Experienced investors know the factors to consider before investing in this dynamic market. Here are some points that beginners should remember before securing a position in the cryptocurrency universe.
- It is essential to verify the project details and the founders.
- Read and understand the whitepaper for all the technical information about the ICO, the roadmap and the mission of the project.
- The project roadmap will provide greater clarity on milestones and results achieved.
- Review the fundamentals of the new technologies involved in the development of the platform.
- Before investing in any cryptocurrency, carefully evaluate the benefits and risks to avoid losses and build a profitable portfolio.
Conclusion
5thScape ICO Offers Tokens at Deeply Discounted Prices. Once the presale is over, the token price will skyrocket 434% from the first round and promise 600x returns to early investors. Who wouldn’t want to be part of an innovative and growing VR ecosystem? Check your details, review all the documents and start investing in 5thScape now.
Time flies, and so does the $100,000 prize.
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Best Upcoming Cryptocurrencies for Long-Term Profits: Turn $100 Into $1000 With These Picks
Have you ever wondered how much return Bitcoin has given to investors who bought this gold cryptocurrency a decade ago? In 2014, Bitcoin reached its significant milestone of $1,000 in the first month. Currently, it is trading at around $64k, which is an astonishing 6300% increase in the span of 10 years. No stock, no ETF could ever give you such monumental returns. This simply proves that the cryptocurrency market turns your dreams of investment returns into reality.
While the established giants are not giving so much returns now, the ball is in the court of upcoming cryptocurrencies that are based on the development of projects to provide up to 1000x returns in the near future. In this article, we will explore 5 upcoming cryptocurrencies for long-term earnings that can turn your $100 into $1000 – the only key is strategic investing with a lot of patience!
Best Upcoming Cryptocurrencies For Long Term Profits
Below we list the top 5 cryptocurrencies for long-term gains, which are set to give you returns of up to 1000 times in the coming times.
- 5th Landscape (5LANDSCAPE)
- Dark light (DISGUST)
- BlockDAG (BDAG)
- eTukTuk (TUK)
- WienerAI (WAI)
Take a deeper look at the background of these 5 upcoming cryptocurrencies for long-term gains and see why they could be viable options for your cryptocurrency portfolio.
1. 5° Landscape (5SCAPE)
5thScape is changing the face of entertainment by merging augmented and virtual reality with blockchain technology, offering a VR content ecosystem unlike any other destination on the internet. Its native token, 5SCAPE, is the cornerstone of this innovative ecosystem. With a limited supply of 5.21 billion tokens, 5SCAPE offers early investors a unique opportunity to participate in the growth of a potentially transformative platform.
Combining the immersive experiences of VR technology with a cryptocurrency that has a real-world use case, 5thScape presents a compelling investment proposition. The project’s focus on providing unparalleled user experiences, coupled with its potential to generate substantial returns, makes 5SCAPE an ideal new cryptocurrency to have in your portfolio for long-term gains.
Click here to invest in 5thScape today >>
2. DarkLume (DLUME)
DarkLume is a meticulously crafted metaverse where users can experience a lavish digital lifestyle. At its core is the DLUME token, the currency that powers this virtual economy. By owning DLUME, users gain access to exclusive experiences, from owning virtual properties to attending high-society events and hosting virtual celebrations with their friends.
The metaverse is divided into virtual countries, each with its own citizenship requirements. To become a citizen, users must possess a specific amount of DLUME. Maintaining citizenship involves paying taxes in DLUME and creating a sense of community and responsibility among users.
Unlike other metaverse platforms that are limited to digital interactions only, DarkLume offers a wide range of activities, from leisure and entertainment to social interactions and exciting experiences. The platform’s focus on luxury ensures that every aspect of the metaverse is designed to exceed expectations. As DarkLume continues to grow, its DLUME token is expected to be in high demand. The metaverse concept is supported by renowned names such as Mark Zuckerberg and Satya Nadella. As it is the future of immersive socialization, the DLUME token is expected to appreciate in value over time.
Explore DarkLume’s website to learn more
3. BlockDAG (BDAG)
BlockDAG is an innovative blockchain platform that uses a Directed Acyclic Graph (DAG) structure together with blockchain technology to offer fast transaction speeds, lower fees, and better scalability.
Unlike traditional blockchains that process transactions sequentially, BlockDAG processes them in parallel, which allows it to handle a much higher transaction volume. This approach makes BlockDAG an ideal platform for applications that require high throughput and low latency, such as DeFi, gaming, and IoT. Its presale has been a great success so far, and BlockDAG’s adaptability may be an optimistic sign for early investors in the BDAG token.
4. eTukTuk (TUK)
eTukTuk is a new leading crypto project that combines sustainable transportation with blockchain technology. Its main goal is to electrify the famous “tuk-tuk” industry, reducing carbon emissions that cause environmental damage while creating a thriving ecosystem. Its TUK token powers the entire platform.
One of the most notable features of eTukTuk is its Play-to-Earn (P2E) gameplay. Players can earn TUK tokens by completing challenges and missions in the game. This gamified approach not only makes the platform engaging but also incentivizes user participation in building the eTukTuk ecosystem. The primary utility of the TUK token is as a mode of payment for tuk-tuk drivers who use EV charging stations for their vehicles installed across Sri Lanka. The project will soon expand to other countries.
Overall, the value proposition of the TUK crypto token is strengthened by its utility within the platform. It can be used to purchase electric tuk-tuks, charge them at the network’s charging stations, and access various platform services. As eTukTuk adoption grows, demand for TUK tokens is expected to increase, potentially resulting in significant appreciation in the token’s value.
5. WienerAI (WAI)
WienerAI is a new blockchain-based platform that uses next-generation artificial intelligence (AI) technology to transform the cryptocurrency trading space. Its flagship product is an AI trading bot (with a sausage-themed mascot) designed to analyze market trends, identify potential opportunities, and execute trades with zero errors. With the power of AI, WienerAI provides users with a market edge in the complex and dynamic world of investing.
The platform’s native WAI token is a digital asset that underpins the entire ecosystem. Token holders can enjoy various benefits, including discounted trading fees, priority access to new features, and even a share of the platform’s profits. As WienerAI gains traction and its AI trading bot proves successful, the continued flow of demand for the WAI token will fuel its price.
Final Thoughts: Best Cryptocurrencies for Long-Term Profits
Each cryptocurrency project explored in this article brings a unique and innovative perspective to the blockchain industry. From the immersive worlds of 5thScape and DarkLume to the efficiency gains of BlockDAG and the sustainability focus of eTukTuk, not to mention WienerAI’s AI-powered trading bot with a new approach to investing, these projects are pushing the boundaries of what’s possible with blockchain technology.
While all of these projects are promising, 5thScape and DarkLume stand out as particularly interesting investment opportunities. The combination of 5thScape’s robust VR ecosystem tokenomics and unique AR/VR offeringstogether with the fantasy world of the DarkLume metaversehas the potential to appeal to a wide range of investors who may be entertainment lovers, not just cryptocurrency enthusiasts. Given their current presale stages, acquiring 5SCAPE and DLUME tokens at these early-bird prices could prove to be a strategic move for those seeking substantial returns.
This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on the information presented in this article.
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Avalanche Predicts ‘Most Bullish Unlock’ in Broader Market $1 Billion in Token Release
Token Unlocks data shows that several crypto projects:AvalancheWormhole, Aptos, SandboxArbitrum, Optimism and others are set to unlock around $1 billion worth of tokens in August.
Approximately $260 million will be allocated in the first three days of the month.
Crypto projects often schedule token unlocks to control the asset supply and prevent market oversaturation. This gradual release helps avoid significant sell-offs by early investors or team members who hold large amounts of crypto assets.
Wormhole and Avalanche to Release Over $400 Million in Tokens
The biggest news this month will be Wormhole and Avalanche.
On August 3rd, Hole in the walla cross-chain messaging protocol, will release 600 million tokens worth $151.67 million, or 33.33% of its circulating supply.
Avalanche will follow on August 20, unlocking 9.54 million AVAX tokens worth approximately $251 million, or 2.42% of its circulating supply.
The Token Unlocks dashboard shows that 4.5 million AVAX, worth $118.53 million, will go to the Avalanche team, 2.25 million AVAX, worth $59.27 million, will go to strategic partners, and the remainder will go to the Foundation and as an airdrop.
Farid Rached, former head of ecosystem growth at Avalanche, underlined that this planned unlock would be the most bullish in its history because “it is the last big step for the team and public/private investors.”
Other important unlocks
Sui, a layer 1 network, will unlock 64 million tokens worth $50 million, or 2.56% of its circulating supply, on August 1.
Similarly, decentralized exchange dYdX will issue 8.33 million tokens worth nearly $11 million, or 3.65% of its circulating supply. These tokens will be distributed to investors, founders, staff, and future employees.
Aptos will unlock 11.31 million APT tokens worth $74.64 million on August 12. These will be allocated to the Aptos community, top contributors, the foundation, and investors, with top contributors receiving the largest share: 3.96 million APT worth $26 million.
On August 14, Sandbox will release 205.6 million SAND tokens worth $66.75 million. This issuance will be split between the team, advisors, and a corporate reserve.
Finally, Ethereum’s layer 2 networks Referee AND Optimism will collectively unlock over $110 million worth of tokens by August 16 and 31, respectively.
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Big Tech Beats Bitcoin (BTC) as Trump’s Trade Cancellation Weakens Token
Bitcoin has failed to join the cross-asset rally fueled by dovish comments from the Federal Reserve, as the tight US election race casts doubt on Donald Trump’s ability to implement his pro-cryptocurrency agenda.
The digital asset slipped 2.4% on Wednesday, tracking a Fed-fueled surge in an index of the Magnificent Seven large-cap tech stocks by one of the widest margins in 2024. The token fell further on Thursday, changing hands at $63,750 by 6:10 a.m. in London.
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