It looks like the cryptocurrency market could really take off in the latter half of 2024, thanks to the new Ethereum ETF on the horizon. Which altcoins are expected to explode this year?
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Altcoins to explode
Industry analysts believe that the next altcoin season will kick off as early as this summer. Here are the cryptos that are about to explode soon.
Base Dawgz
Base Dawgz is the latest cryptocurrency of 2024 themed around dogs, currently in its presale phase. In the booming trend of new cryptocurrencies, especially those developed on platforms like Ethereum and Solana, Base Dawgz (DAWGZ) shows promising growth potential.
While its native blockchain is Base, this cryptocurrency is also compatible with four other blockchains: Ethereum, Avalanche, Solana, and Binance. This interoperability is facilitated through cross-chain technologies such as Wormhole and Portal Bridge, enabling DAWGZ token holders to navigate the decentralized world seamlessly.
Furthermore, DAWGZ operates on a Proof of Stake consensus mechanism and incorporates staking features, which will be activated later, offering investors opportunities for passive income. Interested traders are encouraged to engage with the project’s social media platforms to stay informed about upcoming pool openings and other developments.
The presale has already raised over $2.536 million, with tokens currently priced at $0.006405 each, set to increase in the next presale round. The roadmap includes plans for listing on major decentralized exchanges during the third phase, followed by integration into centralized platforms in the fourth phase.
Additionally, a campaign will soon launch to reward Base Dawgz owners who generate content about the coin online. Given the ongoing interest from traders, those intrigued by the project are advised to participate early to potentially capitalize on the expected appreciation of DAWGZ value.
Shiba Inu
The next coin to explode soon is SHIB. Shiba Inu (SHIB) has really carved out a niche for itself in the world of meme coins right after Dogecoin. Known as the “Doge Killer,” SHIB has had an impressive journey. The team behind it has been active, constantly adding new ways to use SHIB and even launching new tokens like TREAT recently. They’re expanding the Shiba Inu ecosystem.
In the past year, Shiba Inu’s value has gone up by over 150%, and it’s now worth about $11 billion. Even though it’s not at its highest price ever, SHIB tends to start going up again during market rallies. That could mean good things for the token in 2024, especially since more and more people are investing in it.
One great thing about SHIB is that it’s available on almost every major cryptocurrency exchange, so it’s easy for new traders to buy it.
Solana
The next cryptocurrency to explode in 2024 can be SOL.
Today, new cryptocurrencies are predominantly meme coins, as they have gained significant traction in the market. With many promising altcoins in this niche, it’s impossible not to mention the blockchain where most of them reside.
Solana has caught the attention of crypto enthusiasts in 2024 as a super-efficient blockchain platform. It’s gained massive popularity because of its innovative approach and advanced features that make its native token even more useful. Moreover, the coin uses a unique consensus mechanism called Proof of History (PoH), setting it apart in the market.
Helium (HNT)
One more crypto that will explode in 2024 is HNT.
Helium (HNT) is a project that aims to revolutionize Internet connectivity by decentralizing it and rewarding users through mining. Its network allows low-power wireless devices to connect and transmit data via nodes. Users are incentivized with rewards in HNT tokens for participating in this system. On top of that, Helium offers 5G telecommunications services, making it a versatile player in the Web3 ecosystem, often referred to as a decentralized Wi-Fi network.
Originally, Helium operated on its blockchain, but in March, it made a strategic move to migrate to Solana, aligning itself with one of the most popular blockchains of 2024. In May, two key developments had a significant impact on HNT’s market value. First, the rollout of a new wallet version for both Android and iOS platforms enhanced user accessibility and functionality. Second, the introduction of Helium Mobile group plans geared towards Internet services attracted considerable market attention, sparking increased investor interest in this cryptocurrency.
Toncoin
And one more good coin to invest in is TON.
In the TON (Toncoin) network, there are over 500 applications available, ranging from meme coin platforms, wallets, exchanges, video games, staking platforms, DeFi protocols, NFT platforms, and more. The price of Toncoin, the native token of the ecosystem, is rising as its network continues to gain widespread adoption. Over the past two months, its Total Value Locked (TVL) has surged by 1,900%.
Among the standout applications on TON are earning games like Notcoin and Hamster Kombat, which have significantly boosted the project’s popularity. Notcoin boasts a user base of 40 million already. The development and creation of meme coins have also contributed to the ecosystem’s rise.
In the past year, Toncoin has seen a 390% increase and currently holds the ninth position in the rankings of leading digital currencies. Thus, the coin is positioned as one of the most effective assets in the market.
Crypto growth drivers
What are the factors that could affect how cryptocurrencies grow?
- Social media buzz: Monitor social media platforms (e.g., X, Reddit) for trending tokens, indicating potential interest and growth.
- Audits and transparency: Ensure the cryptocurrency undergoes third-party audits and that the founders are publicly known, enhancing credibility.
- Project fundamentals: Evaluate utility, tokenomics, development roadmap, team plans, and other critical aspects outlined in the whitepaper for long-term viability.
- Initial pricing: Tokens offered at discounted rates during pre-sales could potentially increase in value as more people start using them.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
FAQs
Which cryptos are expected to explode in 2024?
In 2024, keep an eye on cryptocurrencies like Base Dawgz (DAWGZ), Shiba Inu (SHIB), Solana (SOL), Helium (HNT), and Toncoin (TON). These coins are projected to take off based on current market trends.
What factors might impact cryptocurrency growth?
Social media buzz, transparency, audits, and the team’s expertise play significant roles. Initial token pricing can also set the tone for investor interest and market growth.
