Altcoin Rally Imminent: Bitcoin Pushing Crypto Traders to Explore Low-Priced Options

Numerous cryptocurrency traders are considering diversifying their earnings into low-priced altcoins, which could potentially multiply in value, as Bitcoin reaches a new all-time high in 2024. The consensus is that an altcoin bull run is imminent, as other mid- and low-cap cryptos have yet to surpass their historic highs when Bitcoin was at similar levels. Our research team has compiled a list of projects that have the potential to be the next crypto under $1 that could experience explosive growth.

With Bitcoin reaching a new all-time high in 2024, many crypto traders are now looking to rotate profits into low-price altcoins, which could grow from a few cents to as much as $1 or more.

The overall sentiment is that an altcoin bull run is imminent as other mid- and low-cap cryptos have yet to reach their historical peaks when Bitcoin was at these same levels.

In this article, we have researched a list of projects that could potentially be the next crypto under $1 that can explode.

Our picks of the best up-and-coming crypto in 2024

Here is a quick digest of our 11 picks for the latest crypto projects in the spotlight with huge potential.

1. Dogeverse (DOGEVERSE): Doge-inspired memecoin with staking and cross-chain compatibility features. The first meme coin that spans six leading blockchain networks at launch.
2. Slothana (SLOTH): Managed to raise over $10 Million using a mysterious ‘airdrop presale’ model. The project recently announced that the airdrop is being prepped for launch.
3. 99Bitcoins (99BTC): Innovatively introduces a learn-to-earn model and token integration. The 99Bitcoins platform was launched in 2010, amassing over 700,000 members.
4. 5thScape (5SCAPE): A project at the intersection of VR gaming and immersive experiences. A digital gaming realm with a catalog of games, movies, animations, and e-learning.
5. Sponge (SPONGE): Sponge was one of the biggest meme coins in 2023, reaching over $100M market cap. The project has announced the development of the Sponge Racer play-to-earn game.
6. Smog (SMOG): A Solana-based meme coin that claims to provide $SMOG holders ‘the greatest airdrop of all time’.
7. eTukTuK (TUK): Aiming to create a sustainable transport system in underdeveloped cities by introducing a fleet of EV tuk-tuks and a network of power charging stations. AI smart tech integration.
8. Bitcoin Minetrix (BTCMTX): Introcues a stake-to-mine feature that utilizes the power of Ethereum smart contracts to promote accessibility and transparency in Bitcoin cloud mining.
9. Chiliz (CHZ): The leading blockchain provider for sports and entertainment. This blockchain platform powers Socios.com, hosting fan tokens from the most popular sports teams.
10. Dogecoin (DOGE): The most famous dog-themed meme coin in the crypto markets. Dogecoin was created in 2013 and has received significant attention from noteworthy Elon Musk.
11. XRP (XRP): The digital assets for global real-time payments and remittances. $XRP is utilized across the XRP Ledger by financial institutions that are a part of RippleNet’s payment network.

A closer look at the next big cryptocurrency in 2024

According to the current trending narratives, our research panel spends several hours deep-diving into each project’s features, tokenomics, presale offering, token utility, and overall market sentiment. Read on for our in-depth digests of the next crypto that can potentially hit the $1 mark.

1. Dogeverse (DOGEVERSE): New multichain meme coin interoperable with six popular blockchain networks

Dogeverse is the latest meme coin launch leading up to the Dogecoin birthday anniversary. This meme coin innovatively introduces cross-chain compatibility with popular blockchains in the crypto markets.

At the center is the native ERC20 network token, $DOGEVERSE, which is interoperable across Binance Chain, Polygon, Solana, Avalance, and Coinbase’s Base network. The token is crypto’s first multichain interoperable meme coin spanning six popular blockchain networks.

The price of $DOGEVERSE during the presale is set to change over time but will remain under $1 until launch. You can participate by swapping either $ETH, $BNB, $MATIC, or via card payment. Moreover, the project has recently introduced Avalance integration with Solana and Base networks in the works.

Upon launching its presale offering, Dogeverse quickly raised over $1 million within 48 hours, displaying a vested interest from the crypto community. With Doge Day around the corner, meme coin enthusiasts may anticipate $DOGEVERSE as the next penny crypto with 1000x potential.

2. Slothana (SLOTH): Solana meme coin with over 10 million raised in presale and launching soon

Slothana is a meme coin that launched its presale offering using an ‘airdrop model’. Before recent announcements, Slothana had yet to provide details of a launch date or airdrop time and still needs a roadmap or whitepaper.

This sloth-themed Solana meme coin recently announced that the presale would soon end as it prepares to launch $SLOTH.

? Exciting news for our lazy sloth community! Our airdrop is being prepped for launch, which means the presale is wrapping up soon. ⏳ With Solana congestion expected to end in the coming days, now's the time to join the holy Slothana army!?? #SlothanaAirdrop #PresaleEnding

— Slothana (@SlothanaCoin) April 12, 2024

The official Slothana website states that it is the ‘final chance to buy’ stage, and tokens are still available for a fixed price of 1 $SOL for 10,000 $SLOTH. Having raised upwards of $10 million with no actual whitepaper or roadmap, $SLOTH has the potential to be the next big crypto on Solana.

With this presale, you must create and set up a Solana-compatible wallet, as the only way to participate is by swapping Solana. Our research team recommends Phantom Wallet, the Solana network’s most widely used non-custodial wallet.

3. 99Bitcoins (99BTC): Earn crypto rewards in $99BTC for learning about cryptocurrencies

99Bitcoins is an established cryptocurrency news and education platform that is integrating with web3. This platform was launched in 2010 and has amassed over 700,000 members.

The platform pioneers the learn-to-earn model offering community members the chance to earn $99BTC rewards for learning about cryptocurrencies.

99Bitcoins gamifies the learning experience. You can earn rewards for engaging with educational content, completing quizzes, and participating in interactive learning modules. Thus, the model makes learning about cryptocurrency fun, informative and also rewarding.

The 99Bitcoins presale is currently live and you can buy tokens for $0.001. Given that it is an existing platform, 99Bitcoins could receive positive community sentiment as a business at the crossover of web3.

4. 5thScape (5SCAPE): Blockchain integration with virtual reality gaming in hyperrealistic environments

5th Scape is a new crypto project developing an ecosystem of VR gaming and experiences in hyper-realistic environments. The platform rolls out a suite of 5 games and plans to introduce immersive augmented reality experiences with animations, movies, and digital e-learning.

The project has entered stage 5 of its presale, which has managed to raise over $5 million. As the virtual reality landscape develops, gaming enthusiasts may seek out the next big GameFi cryptocurrency. Some news outlets are poising 5th Scape as the next VR gaming crypto to explode.

The price of $5SCAPE has been trading below $1 since launch and is still early in the project’s cycle. You can buy tokens by swapping $ETH, $MATIC, $USDT, or $BNB. There is also the card payment option. However, this will require some KYC information. It is noteworthy to mention that in all instances, presale participants will need a compatible crypto wallet such as MetaMask or BestWallet in order to receive tokens at launch.

The project’s native ERC20 token, $5SCAPE, will be utilized within the gaming ecosystem. Users can earn tokens for gameplay time, completing objectives, reaching specific milestones, and participating in challenges. The token can also be used to pay for add-ons and premium content.

5. Sponge (SPONGE): 100x meme coin in 2023 that reached over 50K holders

Sponge saw unprecedented popularity in 2023, being one of the best meme coins of the year. Upon launch, $SPONGE saw explosive 100x price growth, surpassing a $100 million market cap.

At the end of last year, the project announced it would introduce a new staking utility to $SPONGE and bridging integration to the layer 2 network, Polygon. Currently, staking $SPONGE on Polygon provides over 350% in annual rewards.

Sponge has also announced developing a new play-to-earn game where community members can earn $SPONGE rewards. The team disclosed that there will be both basic free play and play-to-earn versions of the Sponge P2E Racer game.

The $SPONGE token is one of the best cryptos to invest in according to Reddit. One user post shared insights into the project. In a recent broadcast, the artificial intelligence chatbot tool ChatGPT predicted that $SPONGE could potentially reach the $0.05 – $0.07 price range should the rollout of its play-to-earn game be successful.

Although past performance can never be indicative of future success, $SPONGE token insights on DEXTools show that there are still over 50,000 $SPONGE token holders. With nearly 10 billion $SPONGE being staked in the smart contracts, our research team highlights this as a positive indication of the overall sentiment from the $SPONGE community.

6. Smog (SMOG): Solana meme coin claiming the ‘greatest Solana airdrop of all time’

Smog is unique because it launched its meme coin using the fair launch model. Before the Solana meme coin rally, the token became immediately available on Jupiter DEX at the beginning of February this year.

According to CoinMarketCap, $SMOG bottomed out at $0.026 shortly after launch, then had a price run to the $0.08 range. The token took a downtrend to the $0.05 mark and saw an explosive rally to its all-time high of $0.38, representing over 10x price growth from its post-launch lows.

The official Smog account on X (Twitter) recently announced the delay of the $SMOG Airdrop Season 1 due to Solana network congestion.

? Attention #SMOG #Dragons! ?

Due to the ongoing congestion on the #Solana network resulting in 70-80% of the transactions failing, we're postponing the $SMOG Airdrop Season 1 until the Solana network congestion has alleviated to a manageable level.

This approach ensures that…

— SMOG (@SMOGToken) April 11, 2024

Our team highlights this as a possible catalyst for the price dump and a newly created opportunity to get in on the airdrop with a lower price entry point.

Check out the project’s official website to review the whitepaper and join the social communities online.

7. eTukTuk (TUK): Eco-friendly AI-integrated transport solution aiming to reduce CO2 emissions

eTukTuk is a crypto project which plans to innovate in the zero-carbon transport sector by introducing a fleet of electronic tuk-tuks and a dedicated network of power charging stations.

The project targets developing nations such as Bangladesh, which have clear Government plans to improve the overall air quality in cities by reducing harmful carbon emissions from vehicles. The project aims to provide tuk-tuk drivers with a cost-efficient onboarding to electronic tuk-tuks, reducing their overall costs in the long run.

Along with the network of EVs, eTukTuk plans to roll out electronic vehicle charging infrastructure with a network of power charging stations strategically located in a city. The project’s native token, $TUK, will be used as a currency to pay for charging power.

Aside from eTukTuk drivers being able to pay for vehicle charging with $TUK, the project will also introduce a real-life Crazy Taxi-style drive-to-earn game. Tuk-Tuk drivers will be able to earn $TUK tokens by successfully completing passenger drop-offs.

The platform has high ambitions to integrate artificial intelligence to create a smart-sustainable transport ecosystem later in its roadmap. To find out more about eTukTuk, visit the official website and join the social communities.

8. Bitcoin Minetrix (BTCMTX): Accessibility to remote Bitcoin cloud mining. Stake-to-mine protocol raised over $13 million.

Bitcoin Minetrix introduces a stake-to-mine protocol that allows anybody to get involved in mining Bitcoin. The platform uses the power of Ethereum smart contracts to promote transparency in cloud mining, integrating its token with a staking utility, which provides cloud mining credits.

The Bitcoin Minetrix presale has managed to raise over $13 million since its launch and recently announced that it will commence the next stage, where the price will increase.

Only 3 days left until the ending of #BitcoinMinetrix Stage 37!

What's the most exciting development in #Bitcoin mining that you've seen recently? ? pic.twitter.com/wmLAWiYYmj

— Bitcoinminetrix (@bitcoinminetrix) April 12, 2024

The project also highlighted that mining farm leaders are steering towards sustainability and efficiency, with a more community-centric focus.

? As the #Bitcoin halving nears, mining leaders like @Bitfarms_io, @Tether_to, #Cathedra, and #PubKey are paving the way with sustainability, efficiency, and community focus.

How do you think these strategies will shape the future of #Bitcoin mining? ??#Halving…

— Bitcoinminetrix (@bitcoinminetrix) April 12, 2024

Our expert team spotlights this as a potential indication that $BTCMTX could be the next big cryptocurrency that can explode after Bitcoin’s halving event. As public interest in Bitcoin heightens, mining remotely could be beneficial for acquiring more Bitcoin passively with minimum start-up costs and no need for technical hardware.

9. Chiliz (CHZ): Pioneer of ‘Fan Tokens’ for sports teams

Chiliz launched the Socios.com platform, which hosts the largest selection of fan tokens for sports teams. The project developed its own layer 1 EVM-compatible blockchain, integrating sports entertainment with web3 technology to unite fans with sports teams.

Chiliz was founded in 2018, quickly taking the Football industry by storm, cementing partnerships with some of the most popular Football clubs, such as Athletico Madrid, Barcelona, Inter Milan, Manchester City, and Paris Saint-Germain.

According to the official website, Chiliz has over 2 million ecosystem users, 82 different fan tokens, and 150+ global sports partners.

Our research team spotlights the upcoming UEFA Euro 2024 football tournament as a potential catalyst to ignite a price rally for $CHILIZ and its respective fan tokens. The token price has been floating around the $0.10 – $0.15 range, not seeing the expected trajectory of previous highs in relation to current Bitcoin price levels.

Our experts’ tip on $CHILIZ and fan tokens: During national football tournaments in the past, when a player scores for their national team, the Chiliz fan token for the respective club team of the player can see price rallies.

10. Dogecoin (DOGE): The crypto market’s first meme coin, created on 20 April (DOGE Day)

Dogecoin is the crypto market’s first and most well-known meme coin. This token has stood its ground among the top 10 market cap coins. It pioneered the Shiba Inu dog-themed meme culture and has never failed to lose its community following or widespread crypto market influence.

The official DOGE Day is approaching soon, a well-known informal holiday celebrated by Doge lovers worldwide on April 20. According to the source, the day historically creates surges in token price and trading volume for $DOGE.

Over the last month, $DOGE nearly doubled its market cap, with the token price seeing upwards of 50% growth. Our research team highlights the upcoming Doge Day as a catalyst for the price to explode and potentially make a run back toward the $1 mark.

11. XRP ($XRP): Fast and cost-effective blockchain solution for cross-border payments

XRP is a leading top 10 market cap cryptocurrency, launched in 2021, with the mission to disrupt the cross-border payments industry. The project developed the XRP Ledger using blockchain technology pioneer open source, permissionless, and decentralized architecture for trustless payments and remittances.

Its cross-border payments solution utilizes the $XRP token as an intermediary currency for international payment transfers. Financial institutions and payment companies can join RippleNet and become a part of the network. They then use $XRP amongst each other for cross-border transfers, accepting and issuing fiat in whichever respective native currency is used at each end of the chain. The $XRP token is used within the RippleNet to facilitate faster and more cost-efficient transactions at lightning speed.

XRP is receiving mainstream attention from central banks and financial institutions worldwide because of its low transaction fees, settlement speed (3-5 seconds), and scalability features, handling up to 1500 transactions per second.

Our experts highlight that Ripple is likely the number one contender for reformulating the worldwide cross-border banking and payments landscape. Its solution proves to be a viable use case servicing over 100 global financial institutions spanning over 40 different countries across six continents.

How to find the next crypto gem

You may wonder how investors find the next crypto to explode. Here are some essential tips, tools, and due diligence methods to consider when looking for the next crypto that could potentially hit $1.

Keep an eye out for new crypto presales

The best time to purchase any token is pre-launch, and the reason is simple.

Crypto presales are a way to obtain tokens of a project before they fully roll out their platform and launch. When searching for the best crypto presales, it is crucial to do your own research and due diligence on the project, investigate its product niche and features, and assess whether the wider sentiment fits the current market narratives.

Scrutinize the team behind new projects

As mentioned, it is crucial to conduct due diligence behind projects. Analyzing project teams and advisors is vital in assessing whether a project has the potential to actualize its roadmap and objectives. Projects disrupting unique industries will require people with experience in specific niches.

Existing platforms that are bridging over to the web3 landscape, such as 99Bitcoins, have a strong potential to be the next big coin, should they implement a solid team with the necessary blockchain experience for web3 integration.

Some of the most popular meme coins do not have any founders. These projects, however, manage to see significant price growth through developing long-standing supporters and community engagement efforts. They incentivize their communities by offering lucrative rewards for staking and participation within their project ecosystems.

Assess the coin’s popularity

Here are some ways to assess a cryptocurrencies popularity and overall market sentiment:

• Price tracking websites: Use price information websites such as CoinMarketCap and CoinGecko to understand token metrics, market cap, and price information on cryptocurrencies
• Explore social community: Exploring a project’s social community is a great way to find the overall market sentiment and public feeling toward the project. Crypto projects frequently have chat groups on Telegram and Discord and also use X (Twitter) as their primary social media platform.
• Check user posts: Project sentiment is not only indicated by follower counts increasing. Search on X (Twitter) for the project name or coin ticker to check if it is being tagged in posts, as this will give insights into community insights and opinions.
• Decentralized token screeners: Use tools such as DEXScreener and DEXTools to dive deep into decentralized crypto tokens that are available on DEX platforms. Here, you will find information on the number of holders, DEX liquidity, and live trading activity of DeFi and meme tokens across all popular blockchain networks.

Methodology

Our research process includes consultation with a number of in-house cryptocurrency and investment experts who have more than a decade of combined experience. Our team created a shortlist, and we then analyzed each project, the online community sentiment, and the details about its presale and token metrics. This ensures multiple aspects of a project are scrutinized when determining its likelihood to hit $1.

FAQs

References

https://cryptopotato.com/5th-scape-ico-hits-5m-milestone-next-vr-crypto-to-explode/
https://cryptopotato.com/chatgpt-gives-meme-coin-price-outlook-dogecoin-pepe-sponge-v2/
https://www.dextools.io/app/en/polygon/pair-explorer/0xa01f64fa1b923dd9c5c7618b39a6ba8098a88863?t=1712930792171
https://coinmarketcap.com/currencies/smog/
https://www.chiliz.com/
https://www.analyticsinsight.net/doge-day-nears-as-dogecoin-form-a-bullish-flag-pattern-is-dogecoin-targeting-new-highs/#:~:text=The%20crypto%20space%20is%20excited,of%20the%20beloved%20meme%20coin.
https://coinmarketcap.com/currencies/dogecoin/