Next Crypto to Hit $1 and Explode In The Upcoming Bull Run
With smaller altcoins like Pikamoon gaining traction and promising growth, many wonder which crypto will be the next to hit $1.
As savvy investors know, penny coins hold the most potential to 100x or even 1000x in the bull run and make you rich. But how do you find the next crypto to hit $1? How do you spot the hidden gems among the thousands of tokens available?
This article will reveal 10 top cryptocurrencies to hit $1. These coins have strong fundamentals, unique value propositions, and high growth potential. In the end, we will discuss some useful tips to help you find the hidden gems in the haystack.
So, without further ado, let's get started.
Next Crypto to Hit $1 - Our Top 10 List
Below are the best cheap cryptos to invest in.
1. Pikamoon (PIKA)
Pikamoon (PIKA) is our top pick for the next big crypto to hit $1 because it has all the ingredients of a successful GameFi project. It serves as the native token for the Pikamoon game, which combines high-end graphics, interactive gameplay, and innovative features, creating a fun and addictive play-to-earn experience that appeals to a wide audience.
Current Price
PIKA has a very low entry barrier, as anyone can buy PIKA tokens for just $0.0006 apiece during its final presale phase. That being said, such discount is now set to end, as the team recently launched a 60-day PIKA Presale countdown (which will be cut short if the $6 million fund target is reached sooner).
Of course, what will follow is PIKA’s launch across crypto exchange.
Nonetheless, the PIKA Presale is closing in less than 60 days, with only 15% of the supply now available for purchase. With this in mind, hype and FOMO surrounding PIKA is currently at its peak.
PIKA Fundamentals
PIKA functions as a deflationary coin within Pikamoon, a play-to-earn game that offers a Pokemon-inspired NFT gaming experience through an engaging gaming model that appeals to a broad audience.
In Pikamoon, players can ascend through the ranks, earning PIKA tokens and rare NFTs as rewards. The inclusion of a marketplace within Pikamoon allows users to trade unique in-game items and enhance their avatars. The deflationary aspect, combined with the immersive gaming experience, forms the fundamental strength of Pikamoon.
Can Pikamoon Hit $1
With a launching market cap of just $10 million, Pikamoon (PIKA) stands out compared to its GameFi rivals.
This almost 30x difference in market cap potential - when juxtaposed with other GameFi projects reaching billions in market cap during the last bull run - highlights the substantial growth potential for PIKA. Past success stories like Axie Infinity (AXS) and The Sandbox (SAND) demonstrate the upward trajectory possible in the GameFi sector.
PIKA's low supply, high demand, and dedicated fan base position it as a promising candidate to follow or even surpass these successes this time. The ongoing buzz around PIKA, with its Beta version attracting thousands of users and millions in value, cements its status as one of the most anticipated yet undervalued GameFi projects in the market with an explosive potential for growth.
2. Cardano (ADA)
Cardano (ADA) is the second cryptocurrency on our list because it has a clear and ambitious roadmap with five phases: Byron, Shelley, Goguen, Basho, and Voltaire. Each phase marks a major milestone in the platform's development, adding new features and functionalities.
Currently, Cardano is in the Goguen phase, which introduces smart contract capabilities and native tokens. The upcoming Basho phase will focus on improving scalability and performance, while the final phase, Voltaire, will enable self-governance and sustainability through a treasury system and voting mechanism.
Current Price
ADA is trading at $0.6231 as of Feb 18, 2024, up 0.74% in the past 24 hours. It has a market cap of $30.81 billion and a circulating supply of 54.6 billion tokens. ADA is the eighth-largest cryptocurrency by market cap, behind Bitcoin, Ethereum, Binance Coin, Polkadot, and XRP.
Fundamentals
ADA is the native token of Cardano, a proof-of-stake blockchain platform that enables "changemakers, innovators, and visionaries" to bring about positive global change. Cardano is designed to be scalable, secure, and sustainable, using cutting-edge research and peer-reviewed academic papers to create a platform that can support smart contracts, decentralised applications, and digital identity solutions.
Cardano is also the first blockchain platform built on Haskell, a functional programming language that ensures code correctness and reduces the risk of bugs and errors.
Can ADA Hit $1
Many crypto experts, including Gracy Chen, MD of Bitget, saw $0.6 as a significant resistance level for Cardano. Breaking through this level at the start of the year indicates the potential for ADA to grow in value and even surpass $1 before the year ends.
Cardano offers unique solutions to current and future challenges like interoperability, governance, and social/economic inclusion. It has a loyal, active, almost cult-like community and has been adopted by projects and partners like SingularityNET, World Mobile, and IOHK.
3. Ripple (XRP)
Co-founded by Chris Larson, Ripple (XRP) is the third crypto on our list to potentially hit $1 because it has a strong foothold in the financial sector, a loyal fan base, and a high possibility of resolving its legal issues with the SEC.
Current price
XRP is trading at $0.5647 as of Feb 18, 2024, up 0.74% in the past 24 hours when writing this article. It has a market cap of $30.81 billion and a circulating supply of 54.6 billion tokens². XRP is the 6th-largest cryptocurrency by market cap, behind Bitcoin, Ethereum, Binance Coin, Cardano, and Polkadot.
Fundamentals
XRP is the native token of XRP Ledger, an open-source blockchain designed to facilitate faster and cheaper payments. XRP can be used as a bridging currency for cross-border transactions, settling in less than five seconds on the XRP Ledger at a fraction of the cost of traditional methods.
XRP is also used by Ripple, the company behind XRP Ledger, to power its products and services for banks, payment providers, and other financial institutions. Ripple wants to create a global network of payment systems that are interoperable, efficient, and inclusive.
Can XRP Hit 1$
XRP has a huge potential to grow in value and adoption, as it offers a solution to the problems of the legacy financial system, such as high fees, slow transactions, and lack of transparency. XRP also has a loyal and active community of supporters who believe in the vision and mission of Ripple and XRP Ledger.
Over 300 customers have adopted XRP across 40 countries, including Santander, MoneyGram, American Express, and SBI Holdings³. XRP also has a low environmental impact, as it does not rely on energy-intensive mining like Bitcoin and Ethereum. So, according to Nasdaq, Ripple can hit $1 in 2024 and even go beyond its all-time high of $3.84.
4. TRON (TRX)
TRON (TRX) is a unique blockchain DAO ecosystem founded by Justin Sun, who now serves as its CEO. TRC-20 tokens are faster than ERC-20 tokens because the Tron network has a higher TPS rate and lower fees than Ethereum.
This is due to the Delegated Proof-of-Stake consensus mechanism. Users can use their currencies to vote for delegates, who then make decisions that impact the network as a whole.
Current price
TRX is trading at $0.1361 as of Feb 18, 2024, up 2.33% in the past 24 hours. It has a market cap of $11.98 billion and a circulating supply of 88.1 billion tokens. TRX is the tenth-largest cryptocurrency by market cap, behind Bitcoin, Ethereum, Binance Coin, Cardano, Polkadot, XRP, Solana, Terra, and Avalanche.
Fundamentals
TRX is the native currency of TRON, a decentralised blockchain-based operating system that aims to create a global online content sharing platform². TRON supports smart contracts, decentralised applications (dApps), and non-fungible tokens (NFTs) on its network, which can handle up to 2,000 transactions per second and has over 50 million accounts.
TRON also allows users to create and distribute their tokens, such as BitTorrent Token (BTT) and JUST (JST), used for various purposes on the platform. TRON is led by Justin Sun, a tech entrepreneur and former chief representative of Ripple in China, who has a strong vision and influence in the crypto industry.
Can TRON hit $1
TRX has a considerable potential to grow in value and adoption, as it offers a solution to the problems of the centralised internet, such as censorship, high fees, and lack of transparency. Changelly's 5-year predictions show TRON hitting $1 in 2029 or even sooner if the crypto market conditions are suitable.
TRX has been adopted by over 1,000 dApps and 40 million users, making it one of the world's most popular and widely used blockchains.
5. The Graph (GRT)
Next is The Graph (GRT) - a leading indexing protocol for organising blockchain data. GRT is designed to efficiently query and index data from various blockchains, allowing developers to easily access and analyse on-chain data. GRT powers many popular dApps and DeFi protocols, such as Uniswap, Synthetix, Aragon, AAVE, and Gnosis.
Current Price
GRT is trading at $0.2145 as of Feb 18, 2024, up 14.88% in the past 24 hours. It has a market cap of $2.32 billion and a circulating supply of 9.42 billion tokens. GRT is the 45th-largest cryptocurrency by market cap.
Fundamentals
GRT is the native cryptocurrency of The Graph, a decentralised indexing protocol for querying data from blockchains and decentralised networks. The Graph allows anyone to create and publish open APIs, called subgraphs, that can query data from various sources, such as Ethereum, IPFS, and POA.
It also has a decentralised network of open and incentivised nodes, called indexers, that process and serve the subgraphs. GRT is used for paying fees, staking, and rewarding indexers, curators, and delegators on the network.
Can GRT hit $1?
GRT has lost almost 91% of its value since 2021, when it reached an all-time high of $2.88. But, with the onset of the next crypto bull run and overall positive market sentiment, there are positive signs it can surpass the 1$ mark in the next few months.
Coinpedia predicts that GRT will trade anywhere between $5 and $7 at the end of 2026. GRT has been adopted by over 3,000 subgraphs and 40 million users, making it one of the most popular and widely used protocols in the blockchain space.
6. DOGE (DOGE)
DOGE is the original meme coin inspired by the popular Doge internet phenomenon. It was created in 2013 as a joke. Still, it gained popularity and value thanks to its loyal and enthusiastic community, its frequent use for tipping and charity, and its endorsement by celebrities like Elon Musk and Snoop Dogg.
Current Price
DOGE is trading at $0.0892, up 5.1% in the past 24 hours. It has a market cap of $12.77 billion and a circulating supply of 143.3 billion tokens. It has an unlimited supply of tokens.
Fundamentals
DOGE is based on the Litecoin codebase, which uses a proof-of-work (PoW) consensus mechanism and a scrypt hashing algorithm. It has a block time of one minute and rewards miners with 10,000 DOGE per block.
DOGE is often used for tipping on social media platforms like Reddit and Twitter and for charitable donations. The Dogecoin Foundation, a non-profit organisation, supports various charitable causes and projects using DOGE donations.
Can DOGE hit $1?
DOGE has experienced significant price volatility, reaching an all-time high of $0.73 in May 2021 during the crypto bull run. While it may seem like a stretch for DOGE to hit $1, especially given its unlimited supply and inflationary nature, anything is possible in cryptocurrency.
With continued support from its community and high-profile endorsements, such as from Elon Musk, DOGE could hit $1. Some analysts predict that DOGE could reach $1 by the end of 2024 or even sooner if market conditions remain favourable.
7. SHIBA INU (SHIB)
SHIBA INU is another meme coin inspired by DOGE, featuring the same dog breed as its logo. It was launched in 2020 as an experiment in decentralised community building and a potential "DOGE killer".
Current Price
SHIBA INU is trading at $0.059876, up 1.7% in the past 24 hours. It has a market cap of $5.8 billion and a circulating supply of 394.8 trillion tokens. Like Doge, Shiba Inu also has an unlimited supply of tokens.
Fundamentals
It has a total supply of 1000T tokens. Half of these were sent to Ethereum founder Vitalik Buterin, who later burned 90% of them and donated the rest to charity. SHIBA INU is developed on the Ethereum blockchain, which uses a proof-of-stake (PoS) consensus mechanism and supports smart contracts and decentralised applications (dApps).
SHIBA INU also has its ecosystem of products and services, such as ShibaSwap, Shibarium, ShibaNet, and an NFT project called Shiboshi.
Can Shiba Inu (SHIB) hit $1?
Shiba reached an all-time high of $0.00008845 in 2021. With its strong community support and various ecosystem projects, SHIB has shown resilience in market fluctuations. Assessing the potential of Shiba Inu to reach $1, many experts believe burning a significant portion of its total token supply also adds scarcity to the token, which could drive up its value over time. However, considering its unlimited supply, it may be a while before Shib crosses that milestone.
8. Hedera (HBAR)
Hedera is a decentralised public network that aims to enable fast, secure, and scalable transactions and applications. It uses a novel consensus mechanism called hashgraph, which claims to be more efficient and fair than traditional blockchain methods.
Current Price
HBAR is trading at $0.08583, up 0.99% in the past 24 hours. It has a market cap of $2.89 billion and a circulating supply of 33.7 billion tokens.
Fundamentals
HBAR is the native cryptocurrency of Hedera, and it is used for paying transaction fees and staking and rewarding nodes on the network.
Hedera also has a unique governance model consisting of a council of 39 leading organisations from various industries and regions, such as Google, IBM, LG, Boeing, and Tata Communications.
The hashgraph doesn't use a traditional chain of blocks like blockchain. It uses a Directed Acyclic Graph (DAG) to record information non-linearly.
Can HBAR reach $1?
With its innovative technology, robust governance model, and growing adoption, HBAR has the potential to reach $1 in the future. However, the token may take some time to achieve this milestone, possibly beyond 2024.
Changelly's 2030 price prediction for HBAR predicts $1 by that year. As more projects and applications are built on the Hedera network, demand for HBAR could increase, driving its price.
9. Stellar Lumens (XLM)
Stellar is a blockchain-based platform that facilitates cross-border payments and remittances. It connects banks, payment systems, and people and enables fast, cheap, and secure transactions in any currency, including fiat and crypto.
Current Price
XLM is trading at $0.11521530, up 0.28% in the past 24 hours. It has a market cap of $2.67 billion and a circulating supply of 23.2 billion tokens.
Fundamentals
Stellar operates on a consensus algorithm, Stellar Consensus Protocol (SCP), which aims to provide decentralised control, low latency, and flexible trust. It also has a built-in decentralised exchange that allows users to trade various assets directly on the platform.
Stellar's ecosystem is supported by an organisation called the Stellar Development Foundation (SDF), which focuses on promoting financial inclusion and creating equitable access.
Can XLM reach $1
While the Stellar token has seen a significant increase in recent months, reaching the 1$ milestone seems like a far cry. According to Nasdaq, A more sustainable growth trend would be needed to reach $1. If the Lumen token grows at 15% a year, it could reach $1 in 11 to 12 years. A more optimistic growth rate of 30% could take 7 to 8 years instead.
10. The Sandbox (SAND)
The Sandbox is a virtual world and gaming platform that allows users to create, own, and monetise their gaming experiences using blockchain technology. It aims to provide a decentralised, community-driven metaverse where players can create, share, and trade digital assets.
Current Price
SAND is trading at $0.4399, up 2.0% in the past 24 hours. It has a market cap of approximately $1.02 billion and a circulating supply of 2.32 billion tokens.
Fundamentals:
The Sandbox is built on the Ethereum blockchain, utilising non-fungible tokens (NFTs) to represent digital assets and land parcels within the virtual world. Users can purchase, create, and trade NFTs to customise their gaming experiences and participate in the decentralised economy of The Sandbox.
The project has gained significant traction within the blockchain gaming community, with partnerships established with major brands and companies such as Atari, Square Enix, and Binance. The Sandbox has also conducted successful land presales and virtual events, attracting a large user base interested in creating and exploring virtual worlds.
Can SAND reach $1?
The SAND token has existed since 2020, with The Sandbox metaverse becoming public in Q4 of 2023. Its all-time high price was $8.44 in November 2021. According to our forecast, SAND is expected to reach the $1 mark again in 2025 due to strong community backing, partnerships with major brands, and increasing popularity in blockchain gaming.
How to find Hidden Crypto Gems?
Determining the risk/reward ratio of a coin involves considering various criteria. A crypto gem does not need to meet all criteria, but the more it meets, the better. Here are some important ones to consider.
Disruptive Crypto Technologies
One of the best ways to find hidden crypto gems is to look for projects that can potentially disrupt various sectors and industries.
For example, GameFi, or game finance, is a booming trend that combines gaming and decentralised finance (DeFi) to create immersive and rewarding play-to-earn experiences. GameFi projects often have a loyal and engaged community, a high demand, and a low supply, which can drive up their value and adoption.
During the 2021 bull run, GameFi projects like Axie Infinity, Iluvium, and The Sandbox saw huge success, reaching billion-dollar market caps quickly. Experts now predict that Pikamoon (PIKA) could have a similar trajectory in the current market.
PIKA is set to launch with a market cap of around $10 million, similar to the successful projects from the previous bull run. With the potential for mass adoption and the resurgence of GameFi tokens, many are considering PIKA as a top GameFi investment in this bull market.
The Teams Behind Projects
A very positive sign is a verified doxxed team with a clear vision, a solid roadmap, and a proven track record of delivering results.
Consider whether they have relevant experience, skills, and connections in their target sector. They should also be transparent, communicative, and responsive to the community and the market.
You can check the team's background, credentials, and social media profiles to understand their credibility and reputation. You can also look for endorsements, partnerships, and collaborations with other reputable projects, organisations, and influencers in the crypto space.
Price of the Coin
The price of the coin is another indicator of its potential and value. Generally, low-value coins available at the pre-sale stage are more affordable and easy to get into.
However, price alone is not enough to determine if a coin is a hidden gem or not. You must also look at other metrics, such as market capitalisation, circulating supply, total supply, and volume.
- Market capitalisation is the total value of all the coins in circulation, and it reflects the size and popularity of the project.
- Circulating supply is the number of available and circulating coins in the market, and it affects the scarcity and demand of the project.
- Total supply is the maximum number of coins that can ever be created, and it affects the inflation and deflation of the coin.
- Volume is the amount of trading activity and liquidity of the coin, and it reflects the interest and confidence of the market.
Generally, you want to look for coins with a low market cap, a low circulating supply, a low total supply, and a high volume, as these indicate that the coin is undervalued, scarce, and in demand.
Analyse the Smart Contract
Analysing the smart contract can help you understand the technical aspects and economics of the coin and identify any potential risks or vulnerabilities.
You can use tools like Etherscan, BscScan, or Polygonscan to inspect the smart contract code, verify its authenticity, and check its security and audit status.
You can also look for comments, annotations, and documentation that explain the logic and purpose of the code.
Tools like DappRadar, DeFi Pulse, or DeFi Llama can also help you monitor the performance and activity of the smart contract, such as the total value locked (TVL), the number of users, the transaction volume, and the fees.
The Number of Holders
These are the number of unique addresses that own or hold the coin. The number of holders can reflect the coin's popularity, distribution, and diversion, as well as the loyalty and engagement of the community.
Generally, you want to look for coins that have a high and growing number of holders, as this indicates that the coin is widely adopted, well distributed, and supported by a large and active community. You can use tools like Etherscan, BscScan, or Polygonscan to check the number of holders and as the distribution and balance of the coin among the holders.
You can also use tools like Dune Analytics, Nansen, or Token Terminal to analyse the behaviour and patterns of the holders, such as the frequency, size, and direction of their transactions, as well as their profitability and retention.
Conclusion - Next Crypto to Hit $1
Low-priced cryptocurrencies are often much more profitable than those already pumped to high levels. In this article, we presented you with ten cryptocurrencies showing promising signs of hitting the $1 mark.
Our number one pick, Pikamoon (PIKA), is particularly noteworthy for its growth potential. It will end its Presale in less than 60 days to coincide with the start of a new crypto bull run, meaning PIKA may see significant growth once listed on crypto exchanges or shortly after.
So, keep an eye on these 10 top contenders for the next crypto to hit $1, as they may hold the key to massive gains in the future. Good luck!
Next Crypto to Hit $1 - FAQ
What's the cheapest cryptocurrency that will explode?
Given the present market conditions and the strategic timing of its launch, Pikamoon (PIKA) is the most economical option destined to reach $1 in the future and explode in popularity. In its presale stage, Pikamoon offers one Pika for a mere $0.0006.
Considering the anticipated resurgence of GameFi in the upcoming bull run, crypto investors express a strong bullish sentiment regarding Pikamoon's potential, often likening it to the next Axie Infinity.
Which crypto will reach $1 next?
Our top three picks - PIKA, XRP, and ADA - are all poised to reach $1. Each of these cryptocurrencies has unique characteristics and growth potential, so keep a close eye on their progress in the market.
Is it possible for a low-priced cryptocurrency to hit $1?
Yes, a low-priced cryptocurrency can hit $1. Many successful cryptocurrencies have started with low prices and gradually increased in value over time. With the right market conditions, strong community support, and innovative technology, a low-priced cryptocurrency can reach $1 and beyond.
What's the best way to protect your crypto holdings?
Although software wallets like Metamask are secure, using a hardware wallet like Ledger is recommended for extra security.
