Next Crypto to Hit $1 in 2024: Top 7 Picks
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As Bitcoin (BTC) surges to unprecedented heights, attention shifts to altcoins with the most potential, particularly meme coins like Pikamoon (PIKA), leading the charge to become the next crypto to hit $1.
Of course, it goes without saying that the cryptocurrency sector is preparing for a significant rally in 2024. For months, industry specialists have been keenly observing the SEC’s approval of Bitcoin Exchange-Traded Funds (ETFs), coinciding with the Bitcoin Halving event, which may prove to be the biggest factor behind the rally. Experts have forecast that Bitcoin could surpass the $100,000 mark within the year.
Key Insights:
- Bull Market in 2024: Bitcoin could surpass the $100,000 mark within the year.
- Next Crypto to Hit $1 and Explode: Pikamoon (PIKA) tops the list with the most potential to hit the $1 mark in 2024.
- Pikamoon (PIKA) as a Promising Investment: Described as a “100x GameFi Hidden Gem.” PIKA is trading on three crypto exchanges – Uniswap, Bitget and MEXC.
- Other Altcoins Set for Massive Rally: The article highlights six other cryptocurrencies as potential candidates to experience massive growth.
Hitting the $1 mark is a significant milestone for any penny coin. It symbolises the potential for a digital currency to have a significant impact and disrupt the industry.
Achieving this level not only validates the project’s underlying technology and vision but also instils confidence among investors and users alike. It can catalyse a chain reaction, attracting more attention, investment, and adoption, ultimately propelling the coin into a new level of market influence and utility.
For startups and emerging projects, crossing this threshold is often seen as a rite of passage, marking their transition from speculative ventures to established players in the digital finance ecosystem.
With that out of the way, let us now explore the top 7 cryptocurrencies that are predicted to experience massive growth in 2024.
Top 7 Crypto Under $1 That Will ExplodeIn the fast-paced crypto world, opportunities for substantial gains are always present due to the rapid changes. This constant flux makes the search for the next cryptocurrency to reach a value of $1 particularly enticing.
So, now that the next crypto bull run is almost here, below are the top 7 projects poised to hit the elusive $1 mark, sooner than you would expect.
The GameFi sector made the most millionaires in the previous bull run of 2021.
Projects such as Axie Infinity (AXS), The Sandbox (SAND), and Illuvium (ILV) witnessed their market capitalisations skyrocket from below $30 million to surpass the billion-dollar threshold, achieving staggering value increases of over 1000x in some instances.
Trading with a much lower market cap of $100 million, Pikamoon is uniquely positioned to follow in their footsteps.
PIKA is the native token of Pikamoon, a cutting-edge 3D Play-to-Earn (P2E) Web3 game that’s set to revolutionise the blockchain gaming landscape.
The token launched on three crypto exchanges on March 22nd, giving presale investors a nearly 700x ROI on launch day. Since then its price has stabilised to some extent around the $0.002 mark, but the future potential with upcoming developments like the launch of the PIKA hub, game trailer, staking rewards etc, is massive.
This is why many crypto experts and influencers are calling Pikamoon “the next Axie Infinity”, and the ‘100x GameFi Hidden Gem’, among other prestigious titles.
Now that PIKA is being listed on even more leading tier 1 centralised crypto exchanges (there are rumours swirling around Binance and Coinbase release), accessibility and investor confidence are expected to increase significantly. Investors will be able to easily purchase and secure PIKA tokens using popular ETH wallets such as MetaMask or Ledger, which will also contribute to Pikamoon’s liquidity and expansion.
With the 2024 bull run looming large, the future has never looked brighter for projects like Pikamoon. Early investors are primed to seize the moment and dive headfirst into the exhilarating world of crypto gaming, where Pikamoon’s AAA gaming concept and abundant earning opportunities shine like beacons of promise.
2. Shiba Inu ($SHIB)
After more than doubling in 2023, it seems like the cryptocurrency market has finally thawed from the harsh crypto winter. With renewed optimism and the possibility of a bull market on the horizon, it’s time to take a closer look at one of the standout performers from the last crypto boom: Shiba Inu (SHIB).
Back in 2021, when almost every cryptocurrency was skyrocketing, Shiba Inu burst onto the scene and stole the spotlight. With an astonishing growth of over 28,000,000%, this meme coin now sits as the 12th most valuable cryptocurrency globally. And its next big target? Hitting that coveted $1 mark. But can it pull it off?
Cryptocurrency prices are influenced by various factors, but there’s no one-size-fits-all formula for predicting them. Generally, the value of a cryptocurrency tends to rise with demand, often driven by the innovative ways people can use the currency.
Surprisingly, they’ve made some significant headway. Today, Shiba Inu holders have more options than ever, with the token being used for things like yield farming, buying and selling non-fungible tokens (NFTs), and various applications within the decentralised finance (DeFi) ecosystem.
And there are even plans in the works to launch a Shiba Inu-based metaverse – talk about ambitious!
But let’s not forget about speculation – it’s a big player in the crypto game. During the last bull market, Shiba Inu’s surge was largely fueled by speculation rather than any standout features or practical uses.
However, things have been changing. Over the past couple of years, the developers behind Shiba Inu have been hard at work, aiming to enhance its utility. Their goal? To shift Shiba Inu away from its meme coin status and toward a more serious contender.
Will Shiba Inu Coin Reach $1?Based on the current calculations, for Shiba Inu to hit the $1 mark by 2030, it would require an astronomical rally of more than 12,400,000% from its current token price. While there are potential catalysts that could ignite a strong bullish run for this meme cryptocurrency, achieving such an ambitious target price seems virtually impossible.
In my view, the likelihood of Shiba Inu reaching $1 by 2030 is slim. But stranger things have happened in crypto… If the predictions of the biggest bull run come true, SHIB will undoubtedly be a notable performer.
The sheer volume of tokens in circulation presents a significant obstacle, and even with various use cases, it’s improbable to sustain such a high price. However, if there were a substantial burn of tokens, perhaps in the range of 95-99%, this could make the $1 target more attainable.
3. Cardano ($ADA)
Cardano, sometimes called the “Ethereum killer,” is a special type of blockchain. It runs on a system called proof-of-stake. The goal of Cardano is to help people who want to make positive changes in the world, like inventors and thinkers.
The idea for Cardano came from Gerolamo Cardano, an Italian thinker. People started working on Cardano in 2017.
The folks who made Cardano say it can do cool things. For example, it can help create apps and contracts that work without a central authority. They also say it’s designed to be flexible and easy to use.
One big event for Cardano was when Charles Hoskinson said they would make a big change called the Alonzo hard fork in August 2021. After that, the price of Cardano went up a lot.
Right now, one Cardano coin is worth about $0.50, and there are a lot of them out there. The total supply is 45 billion coins, but only about 34 billion are being used right now.
4. XRP ($XRP)With its recent surge in trading volume and price movement, Ripple’s native cryptocurrency XRP is showing strong potential to hit the $1 mark. The large influx of funds and bullish sentiments surrounding XRP have pushed its price to $0.52, with further upward movement expected. Additionally, reports of a possible favourable verdict in the lawsuit against the SEC could act as a catalyst for XRP’s price rally.
If Ripple manages to win the final verdict, XRP’s price could skyrocket, with a high chance of surpassing the $1 mark. This positive outlook is supported by XRP’s use by banks, payment providers, and digital asset exchanges for cross-border payments, making it a valuable asset in the crypto market. As the sixth-largest cryptocurrency by market cap, XRP has a solid investor base that is ready to support its growth.
Therefore, XRP’s potential to hit $1 in the near future looks promising. The bullish current market conditions could propel XRP’s price to break the $1 milestone… once again!
5. DogeCoin ($DOGE)Dogecoin is a fun cryptocurrency that got its name from a popular internet meme featuring a cute Shiba Inu dog. The coin’s creators, Jackson Palmer and Billy Markus made it as a lighthearted project inspired by the meme. It all started in December 2013 when Dogecoin split off from another cryptocurrency called Litecoin.
Unlike Bitcoin, Dogecoin uses a different method called Scrypt technology for its mining process. This allows for faster and more accessible mining. Plus, since 2014, you can mine both Dogecoin and Litecoin at the same time.
Right now, one Dogecoin is worth about $0.16, and there are a lot of them in circulation—over 132 billion! However, we don’t know the total number that will ever exist. Dogecoin’s popularity has grown a lot, and it’s become a favourite among many cryptocurrency fans for its friendly and humorous vibe.
6. MYRO ($MYRO)MYRO, another meme coin on the Solana blockchain, is named after the dog of Solana’s co-founder, Raj Gokal.
Trading at $0.156, MYRO has a market cap of $147,710,711 and is currently ranks #342. The coin has a total supply of 1 billion tokens and aims to bridge the gap between the crypto-savvy and beginners, making it an accessible option for a broader audience.
MYRO’s recent performance shows a promising uptrend, with a significant increase in trading volume and community interest, positioning it as a potential candidate to hit the $1 mark.
7. Book of Meme ($BOME)
Book of Meme (BOME) is a cryptocurrency that has recently seen a remarkable surge in its value. As of the latest data, BOME is trading at $0.015647, with an impressive 24-hour trading volume of $59.81M. The coin has a market cap of $981.22M, ranking it at #87 in terms of market capitalisation.
The coin reached its all-time high of $0.02689 on March 16, 2024, which is a significant increase from its all-time low just two days prior. This rapid growth and the bullish sentiment of the community suggest that BOME has the potential to reach the $1 mark. The coin’s performance is particularly noteworthy given the volatility of the meme coin market.
BOME’s success can be attributed to its strong community support and the increasing interest in meme coins as investment opportunities. With its current momentum, BOME should be one of the next cryptocurrencies to watch out for in the race to $1.
Criteria for Ranking Cryptocurrencies Approaching the $1 ThresholdIn a market with thousands of cryptocurrencies, many of which hover near the $1 mark, we developed a rigorous methodology to identify the most promising candidates. Here’s an outline of the key factors and analytic approaches guiding our selection:
1. Recent Growth TrendsMarket momentum plays a kay role in cryptocurrency trading. A cryptocurrency experiencing a prolonged upward trend often generates significant hype and a fear of missing out (FOMO), attracting more investors and driving up its value. We focused on coins that have demonstrated significant growth recently, which typically precedes higher trading volumes and increased valuation.
2. Market CapitalisationWe prioritised cryptos with low market caps due to their potential for substantial growth. For instance, PIKA, with a market cap of $100 million, presents a stark contrast to larger-valued meme and GameFi coins, suggesting a higher potential for value increase. Conversely, we also considered large-cap projects like XRP, which offers portfolio stability due to its lower volatility and substantial market presence.
3. Upcoming Exchange ListingsThe exposure from new exchange listings can significantly impact a cryptocurrency’s market penetration and investor interest. Listings on major exchanges like Binance or Coinbase can dramatically increase a cryptocurrency’s visibility and trading volume. We also considered cryptocurrencies set for such listings, which can lead to rapid price increases.
4. Proximity to the $1 MarkCryptocurrencies close to reaching $1 often require a smaller market push to cross this threshold, making them attractive candidates. For example, ADA and XRP, mentioned in our list above, are trading just around $0.50, needing a relatively modest increase to hit the $1 mark.
5. Viral and Social Media PotentialThe potential for a cryptocurrency to go viral can heavily influence its adoption and price. Projects that capture public imagination or receive endorsements from influential figures have a higher chance of widespread acceptance. We also assess the robustness of a project’s social media presence, evaluating follower engagement to distinguish genuine community support from superficial hype.
6. Fundamental and Technical AnalysisNext, we considered the fundamentals and technical indicators. A thorough evaluation of a cryptocurrency’s underlying technology, team, and market application provides insight into its long-term viability. Technical analysis of price trends and trading patterns helps forecast future movements.
7. Economic Indicators and Market DynamicsBroader economic indicators and specific market dynamics, such as liquidity and investor sentiment, are also crucial. Positive economic conditions generally increase investment in higher-risk assets like cryptocurrencies.
8. Impact of Major Cryptocurrency Events: Bitcoin HalvingAs the next Bitcoin halving approaches, its impact on the altcoin market is noteworthy. Typically, the halving generates a ripple effect across the entire cryptocurrency landscape, often catalysing a surge in altcoin valuations as well. Investors and traders anticipate these market dynamics and adjust their strategies accordingly.
In one of our articles, we explored some of the best altcoins to purchase before the Bitcoin halving. These altcoins are poised for potential massive success, driven by factors such as technological innovation, community support, and market positioning.
For instance, altcoins with strong fundamentals and active development teams may experience more interest as investors look for opportunities beyond Bitcoin.
Moreover, altcoins that align with current market trends, such as those involved in decentralised finance (DeFi) or non-fungible tokens (NFTs), could also see significant growth
Final Thoughts: Finding the Hidden Gem!While there are many promising altcoins in 2024, only one stands out as a potential game-changer: $PIKA.
In the era of GameFi, where billion-dollar tokens reign supreme and GameFi projects are locking in billions, $PIKA emerges as a frontrunner.
With its innovative GameFi concept and a fully doxxed team, $PIKA is set to explode onto the crypto scene. Its integration with Pikamoon’s progressive 3D P2E game sets it apart, offering investors not just a token, but a ticket to the forefront of the gaming revolution. Additionally, it has scope to amass a $1+ billion market cap, as did the likes of Axie Infinity, The Sandbox, and Illuvium in 2021.
As the crypto market continues to expand, driven by evolving regulations and increasing adoption, $PIKA represents an opportunity for savvy investors to capitalise on the next big thing.
So, don’t overlook the obvious – seize the chance with $PIKA whilst it’s still trading around $0.002 during its initial days…because the prices will skyrocket once the wider market catches wind of its potential. This will likely propel $PIKA’s value to new heights, offering early adopters a prime opportunity for substantial gains.
Connect with fellow enthusiasts and get exclusive updates by joining the PIKA army on the Official Pikamoon Reddit.
Frequently Asked Questions – FAQs What is GameFi and how does it differ from traditional gaming?GameFi refers to gaming platforms built on blockchain technology that offer players the ability to earn cryptocurrency while playing. Unlike traditional gaming, where players typically spend money on in-game purchases without the possibility of financial return, GameFi integrates decentralised finance (DeFi) elements, enabling players to earn rewards or even trade in-game assets for real-world value.
What is Pikamoon and how does it utilise cryptocurrency?Pikamoon is a 3D Play-to-Earn (P2E) Web3 game that leverages blockchain technology and cryptocurrency. Players can earn their native PIKA token by participating in various in-game activities, such as completing quests, battling opponents, or owning virtual assets within the game. These tokens can then be traded on crypto exchanges or used within the Pikamoon ecosystem.
Who are the founders of Pikamoon (PIKA)?Pikamoon was conceptualised by a trio of friends and tech innovators: Conrad Lewis, better known by his alias Brock, Luke Appleton, who goes by the moniker Kanto, and NIXX. Together, they combine their expertise and passion for technology to drive the vision and development of Pikamoon.
The #Pikamoon Founders are now doxxed 