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In general, this is because smaller market caps indicate greater growth potential, meaning altcoin investors can 2, 10, or even 100x their initial bags if they conduct the right investment strategy.
In the past, this has been exemplified by the likes of Dogecoin (DOGE), Shiba Inu (SHIB), Pepecoin (PEPE), and many other millionaire-making altcoin projects.
However, with a growing plethora of cryptocurrencies gracing the blockchain, identifying which cryptocurrencies are set to explode can be a near-impossible process. Additionally, trusting what projects shill about themselves is an equally hard task.
With these troubles in mind, we've decided to devise the following list of the most promising crypto projects set to explode in the coming months.
And although the title references 2023 as the year of explosion, the next crypto bull run is touted for 2024 – therefore meaning that you can expect the following token explosions to prevail way beyond this year alone.
Anarchy ($ANA): An Ethereum-residing altcoin built around anti-establishment, community empowerment, and financial freedom. With over $5 million raised in its ICO so far, ANA is poised to close its presale and begin listings across big-name centralised exchanges (an event that'll see huge ROIs given its exposure to the masses). .
Filecoin ($FIL): The native currency of the Filecoin network – a software protocol that offers peer-to-peer cloud based file storage and a hosting layer for launching decentralised frontend websites.
Injective ($INJ): The native token of Injective, a leading multi-chain DEX with various DeFi features. With more crypto use-cases should come more demand for the INJ token.
Fantom ($FTM): The economic vehicle behind Fantom, a DAG-based (Directed Acyclic Graph) smart contract platform combating the 'blockchain trilemma'.
Rebellion, community-focuses, gold-standard tokenomics, resonating marketing & lore, and an unwavering commitment towards the true ethos of DeFi… that's what we all want from a pumping altcoin, and that's exactly what Anarchy (ANA) offers.
…And that goes without mentioning its close-to-sell-out presale phase.
Touted as the successor of memecoin extraordinaires such as Pepe (PEPE) and Milady (LADYS), Anarchy is in the process of selling 20.8 billion of its 30.625 billion max supply via its third presale stage, at just $0.0003 per token.
However with less than 17% of such allocation still up for grabs, the project has recently offered an ultimatum to onlooking investors given the imminent arrival of the next crypto bull. Here, those looking to ape-in on crypto's next millionaire-maker have until January 4th 2024 to do so, as such date is when the ANA presale will close, which will then be followed by the token being listed across big-name centralised exchanges (CEXs).
Alternatively, the presale could end beforehand if all tokens are sold and the project's $6 million development-bound revenue target is hit.
With longevity and financial freedom in mind, such decision comes amid the project's unilateral focus on holder empowerment and price appreciation, as with its CEX listings coinciding with the next bull run, ANA is poised to pump once exposed to the masses – an endeavour that will be multiplied by the project's partnerships with some of the most illustrious crypto figures on the net.
When it comes to ANA's holder-empowering tokenomics, 80% of its total supply will be issued for sale, with the remaining 20% being reserved for liquidity and exchange listings. In the future, 0.5% of the tokens will be burnt, with another 4.5% to be used for funding philanthropic proposals put forward by the Anarchy DAO.
Through selling almost 21 billion tokens to date, the project has already collected over $5 million to help towards maximising the coin's value and utility. Pioneering such endeavours is its defiant cartoon canine spokesperson 'The Metalord', which serves as ANA's front-face for garnering engagement and spreading the word of its anti-establishment DeFi mission.
And in addition to offering potential 2 (or even 3) figure multipliers on their investments once listed on CEXs, Anarchy also empowers its community by running frequent Ethereum-packed giveaways on X, as well as future community-centric events courtesy of its DAO.
Purchase Methods: ETH, USDT, BNB
Blockchain: Ethereum
Min/Max Investments: None
FIL is the native token of Filecoin, a blockchain ecosystem that focuses on decentralised data storage, whilst also providing users with economic incentives.
The project comes courtesy of Protocol Labs, an innovative start-up connector that also developed the Interplanetary File System (IPFS ) – i.e. the technology that underpins the entire project.
Filecoin is essentially a software protocol that entails a peer-to-peer cloud based file storage system, as well as a hosting layer that allows anyone to host decentralised frontend websites
In other words, Filecoin offers decentralised versions of popular centralised cloud storage platforms such as Amazon Web Services and Alibaba Cloud, which in turn, negates the need for web hosters to use privacy-compromised HTTP and HTTPS protocols.
In practice, Filecoin works by users paying a fee to upload data onto Filecoin-hosted decentralised frontend websites. Here, a suitable storage provider (i.e. a miner) then writes a guarantee to store the data on the Filecoin blockchain.
Through such process, miners receive FIL rewards for creating blocks, as well as storage payments. In turn, this means that FIL is primarily a means of payment for network transactions, however it's also an economic incentive for disk space providers and miners who are responsible for creating blocks and recording transactions.
There are around 4000 active miners on the Filecoin blockchain as of today, however with the broadening of its usage – garnered by its array of decentralised internet hosting prowesses – you can expect such number – as well as the value of the FIL token – to grow in tandem.
Additionally, Filecoin comes as part of a cloud storage industry that's growing at almost 35%, meaning FIL could also experience similar – if not steeper – growth patterns moving forwards.
Purchase Methods: Credit card & crypto (across many crypto exchanges)
Blockchain: Filecoin
Min/Max Investments: Varies depending on exchange
Injective is a decentralised exchange (DEX) protocol that offers cross-chain margin trading, derivatives and forex futures trading.
The platform is natively built on the Cosmos (ATOM) as a Layer-2 protocol, however it also uses cross-chain bridges which allow traders to access cryptocurrencies from across networks such as Ethereum and Polkadot.
Unlike DEX leaders such as Uniswap (UNI), Injective doesn't use an automated market maker (AMM) formula to manage liquidity, as instead, it follows the alternative order book model that's been widely adopted by centralised stock and crypto exchanges. In doing so, the platform aims to combine the match efficiency of traditional finance with the transparency of decentralised exchanges.
When it comes to INJ, Injective traders use it to pay standard market maker and taker fees (instead of paying network gas fees to execute each transaction). Additionally, the coin hosts utilities in serving as the platform's governance token and staking mechanism, which further fuels its Proof-of-Stake Injective blockchain.
With proficiencies in DeFi services such as auctions, exchanges, insurance, oracle, and 'peggy,' Injection's user base is likely to surge come the next bull run, meaning so will the demand for its native INJ token.
Purchase Methods: Credit card & crypto (across many crypto exchanges)
Blockchain: Injective – Layer-2 protocol of Cosmos (ATOM)
Min/Max Investments: Varies depending on exchange.
Fantom is a DAG-based (Directed Acyclic Graph) smart contract platform designed for decentralised applications (DApps).
In essence, the platform focuses on the 'blockchain trilemma' of decentralisation, security, and scalability – i.e. the crypto trifecta that inevitably comes with a trade-off when trying to achieve all three.
As a smart contract-enabled blockchain, Fantom tries to overcome such limitations via its innovative Proof-of-Stake (PoS) consensus mechanism 'Lachesis'.
As its native token, FTM is used for making payments on the platform and covering transaction fees. And as is often the case, it can also be staked, as well as held to gain voting rights over platform development decisions.
Whilst there to protect the platform, such leaderless protocol allows FTM network transactions to be completed after 1-2 seconds, with costs also being far lower than those of Bitcoin.
With the Fantom Opera mainnet being Ethereum Virtual Machine (EVM)-compatible and fully supportive of smart contract functionality via Solidity, the network is a widely interoperable solution for DeFi innovators.
With this in mind, demand for its FTM token comes from a wide variety of longevity-focused Web3 agents, which therefore places it as a sound investment choice that may blow-up come the next crypto bull run.
Purchase Methods: Credit Card & crypto (across many crypto exchanges)
Blockchain: Fantom
Min/Max Investments: Varies depending on exchange.
As demonstrated by the likes of Anarchy in our list, crypto presales are one of the best ways for gaining early access to high-potential coins.
Cryptocurrency presales allocate tokens to early-supporting investors through mechanisms like ICOs, which operate on a first-come, first-served basis. In turn, this enables investors to secure their desired tokens before its public listing on mainstream crypto exchanges.
For instance, participants of the Tamadoge ($TAMA) presale witnessed a 20x increase in coin value after the coin was listed on exchanges. This is because presales often offer tokens below their true market value to attract early development funding.
Additionally, evaluating a coin's potential involves considering its market cap and liquidity. Here, established projects like Bitcoin and Ethereum boast market caps in the hundreds of billions, which further exhibit signs of strength and liquidity. Conversely, emerging memecoins and projects with smaller market caps may present more promising growth opportunities, albeit with more risk.
The utility of a crypto project is also heavily influenced by its development team, community, and roadmap. With this in mind, thorough research into the backgrounds, experiences, and past contributions of development teams is crucial for gauging project success. Additionally, projects with robust communities and well-defined roadmap – often accessible through social media and official websites – are more likely to thrive.
By virtue, all of the coins mentioned above possess their own respective merits, as be it moon potential, blockchain governance mechanisms, or DeFi features, they all offer exciting avenues of investment and ownership.
However, after careful consideration over each token's respective ROI and utility offerings, we've placed Anarchy (ANA) as our top ranking crypto to explode in 2023.
This is because ANA is tipped to pump to apex levels given its likening to some of the biggest memecoin success stories of all time. Further, such prediction has been made following acknowledgement of the project's unmatched utility, value, and longevity prospects.
Additionally, the project has already sold billions of tokens, as well as garnered thousands of X followers through organic hype and community engagement efforts. Such achievements come in the lead up to its landmark CEX listings, meaning even more momentum is forecast to explode in weeks to come.
As intuition would suggest, we predict that all of our suggested coins have prosperous futures moving forwards.
However when it comes to your investment decisions, risk preferences may play an important role in determining which cryptos you opt for, as whilst investments in the likes of Filecoin (FIL) and Fantom (FTM) may boast the most stability, greater gains may be experienced by investing in the likes of Anarchy (ANA).
Obtaining cryptocurrencies involves a series of steps, with the following being a general roadmap:
Akin ANA, cryptocurrencies can also be purchased through ICOs by linking wallets/credit cards to the ICO's page.
There are two primary approaches to securely storing cryptocurrencies using wallets/addresses.
