Cryptocurrencies are digital assets that are based on a network. This network is distributed across many devices on a global scale, and as a result, it is decentralized. The decentralized structure the network has gives it the ability to exist outside any control from central authorities.
There are many cryptocurrencies out there, which have their technologies and improvements, and today we will be going over some hidden gems and discussing a total of 10 interesting coins.
Many of these coins were developed to be Bitcoin’s competitors. They are also known as altcoins. This is why online, you might read Ripple vs. Ethereum comparisons on many cryptocurrency list options that you will find. Check out a list of the Best Altcoin to invest here.
However, you have to do some research to compare your options. For instance, you may go over the cryptocurrency market capitalization, the cryptocurrency cap, the crypto market in general, the Bitcoin market, Bitcoin stocks, coins as a whole, and Bitcoin’s market cap.
You may also choose to look over hot coin options, BTC to ETH comparisons, and conduct a cryptocurrency market cap analysis. All of this research will give you a better idea of which options work best for you.
A Closer Look at the Next Crypto to Explode
If you’re looking to make money with cryptocurrency, investing in one (or more) of the projects listed above could be a wise move. With that in mind, let’s take a closer look at each of these next big crypto projects, ensuring you can make an informed investment decision:
1. Solana (SOL) – Overall the Most promising Crypto coin to Explode in 2023
The top crypto set to explode is Solana. The popular crypto beginner token Solana emerged as the fastest-growing cryptocurrency last year, driven by the blockchain’s high level of scalability. Given Ethereum’s troubles with GAS fees and low throughput, many dApp developers opted to create their platforms on the Solana network. According to various reports, Solana can handle 65,000 transactions per second (TPS), with an average transaction cost of $0.00025. The blockchain can achieve this through a unique ‘Proof-of-History’ consensus, which allows Solana to remain fully decentralized whilst offering tremendous scalability. The Pyth trading network supported by institutional trading houses in Chicago and New York is perhaps the most high profile success of the project. Its NFT and DeFi networks are expanding at pace too. Despite a correction to a low of $25 in 2023, many investors are bullish on SOL long term. Experts have predicted that Solana crypto price prediction for 2025 is set to hit the $250 level.
2. Gala (GALA) – Leading P2E Platform Crypto Could explode in Value
Another project leading the way when it comes to the next cryptocurrency to explode is Gala. Put simply, Gala is a P2E gaming platform that uses the GALA token as its native currency. Within the Gala ecosystem, gamers can play various games and earn tokenized rewards, all whilst forming part of a like-minded community. Gala also allows gamers to make money with NFTs since the ecosystem has a built-in NFT store for purchasing in-game items. These items take many forms, such as weapons for certain games and playable characters. Gala has generated momentum in recent months due to the announcement that the development team is in the process of creating its own blockchain. Presently, Gala runs on the Ethereum blockchain, although it has partnered with Polygon to speed up its expansion. However, creating a new blockchain (dubbed the ‘GalaChain’) will allow Gala’s users to benefit from lower transaction fees and increased throughput. In addition, the development team will be able to tailor the blockchain specifically to gamers, making it ideal for Gala’s long-term growth.
3. ApeCoin (APE) – Popular Pick for the Next Cryptocurrency to Explode in 2023
If you’re looking for the next big cryptocurrency with ‘meme coin’ potential, look no further than ApeCoin. ApeCoin is an ERC-20 token closely linked to the most expensive NFTs – the Bored Ape Yacht Club (BAYC) collection, considered one of the best NFTs to buy. BAYC NFTs have garnered incredible attention from A-list celebrities, leading to much hype when ApeCoin was released earlier this year. Although BAYC’s creators didn’t develop ApeCoin, it has become the native token of the ‘Otherside’, the metaverse platform launched by Yuga Labs. Aside from being used within this upcoming virtual world, ApeCoin has also been implemented into other mobile games, providing much-needed use cases. Although the utility is still lacking for APE, the coin is able to benefit from colossal community backing, meaning it could be the next crypto to blow up this year.
4. Cardano (ADA) – Leading Blockchain Network with Rebound Potential
Another project which could be the next crypto bull run is Cardano. As defined by Forbes, Cardano is a blockchain platform that looks to become the ‘Internet of Blockchains’. This project was founded by Charles Hoskinson, one of the co-founders of Ethereum, who looks to make Cardano more scalable, interoperable, and sustainable than the current leading networks. Cardano differs from the likes of Bitcoin and Ethereum by using a ‘Proof-of-Stake’ (PoS) consensus mechanism, which drastically reduces energy expenditure when creating new blocks. This combines well with Cardano’s smart contract functionality, meaning that the network offers a viable alternative for dApp developers. Although ADA, the network’s native token, hasn’t had the best of times lately, this project still has excellent potential for the months ahead. Cardano could also become the most energy-efficient cryptocurrency on the market as the move towards net-zero emissions gains momentum.
5. Ripple (XRP) – Popular Crypto Project Set to Bounce Back in 2023
Ripple could be the next cryptocurrency to explode in 2023, following some positive news regarding the network’s ongoing litigation with the SEC. As you may already know, Ripple is the name of the company behind ‘RippleNet’, a decentralized payments system that allows speedy and low-cost transactions between different currencies. The process is facilitated through the use of XRP, which acts as a ‘bridge’ between the two currencies. Due to this approach, RippleNet has been seen as a natural upgrade to the outdated SWIFT network, which can take between 3-5 business days to process payments in some scenarios. Combine this with the positivity surrounding Ripple’s lawsuit, and it’s clear that now could be the ideal time to buy XRP before the coin explodes once more.
6. Shiba Inu (SHIB) – Top Meme Cryptocurrency Expected to Explode Again
The meme coin race has been made even more interesting with Shiba Inu’s launch in late 2020. According to its anonymous creator Ryoshi, Shiba Inu is a spontaneous experiment on the community-driven initiative. This is a part-piece attempt to topple Dogecoin on the meme crypto crown and install Shiba Inu as the top meme coins for investors. This has seen Shiba Inu nicknamed the ‘Dogecoin killer.’ Despite playing second fiddle to Dogecoin, Shiba Inu surged over 21,000% in the climax of the 2021 price rally making the digital asset one of the best meme coins to buy this year. However, Shiba Inu does not aim to take over the top spot with just social media hype and fanfare. The Shiba team has been churning several use cases to keep the project relevant and top-of-mind for investors. One of the most recent is a foray into the Metaverse. According to a blog post on its website, Shiba Inu is looking to introduce virtual real estate called Shiba Lands.
What is Bitcoin?
Bitcoin is a decentralized digital currency that has retained its #1 spot in terms of market capitalization ever since it was created.
It has no central bank or a single administrator behind it and can be sent from user to user through a peer-to-peer network.
How does Bitcoin work?
Miners contribute computing power through the Proof-of-Work (PoW) consensus mechanism to facilitate transactions on the network. As a reward for doing so, they receive BTC tokens through solving complex cryptographic puzzles.
Bitcoin’s news and updates
An American capitalist and the founder of Draper Fisher Jurvetson (DFJ), Tim Draper believes that Bitcoin price will hit US$ 250,000 by the middle of 2023.
Apart from that, experts also mentioned that BTC price would rally up to 20%, as reported by Cryptonews and Newsbtc.