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The cryptocurrency market is on the verge of its next bull run.
After plummeting to $49k earlier this week, the Bitcoin price has climbed back nearly 25% and is trading above $60,000.
Large-cap altcoins – especially meme coins such as Dogwifhat, Pepe and Brett – are showing even more bullish strength and are up nearly double digits.
Sidelined investors may have just a few days to accumulate before the crypto prices explode towards respective all-time highs.
6 Next Crypto To Explode
While the market is on the cusp of a broad-based rally, some crypto assets are poised to offer higher returns than others.
For instance, large-cap meme coins are expected to be among the top-performing assets. Between smart money investors treating them as beta bets on their respective blockchains and retail investors hunting for 100x returns, these tokens are in high demand indeed.
Low-cap gems and new meme coins could also deliver outsized returns, especially when the crypto market is flush with new capital after the Federal Reserve’s interest rate cuts.
In this article, we list the 6 next crypto that will explode in the upcoming bull market.
Ethereum (ETH)
Unsurprisingly, Ethereum is our top pick for the next crypto to explode.
The next crypto bull run will be led by altcoins, with ETH expected to outperform BTC.
Experts believe that the bullish impact of recently launched spot Ethereum ETFs is yet to be priced in, largely due to the Grayscale outflows. However, this could change soon, with Grayscale’s ETHE withdrawals tapering down every day.
Analysts are expecting consistent net inflows in Ethereum ETFs over the next few months, an extremely bullish scenario for the ETH price.
With ETHE outflows subsiding quickly, I think we are going to see constant net inflows in the ETH ETFs for the next few months.https://t.co/s8DiP0hiqS@FarsideUK pic.twitter.com/5Vz1HepIb9
— Jrag.eth (@JimmyRagosa) August 9, 2024
All eyes are now on the ETH/BTC trading pair, considering a breakout above 0.06 would indicate the start of an altcoin bull run and catapult the Ethereum price towards a new all-time high.
Experts believe that ETH could even hit $10,000 during this cycle, which would mean nearly 4x returns for new buyers.
XRP (XRP)
XRP has remained sidelined for most of this bull cycle, overshadowed by Bitcoin and meme coins.
However, we project that XRP will be one of the next crypto to explode.
There is a significant possibility that the Ripple vs SEC lawsuit is in the books after Judge Torres’s remedies ruling earlier this week.
It is very unlikely that the SEC will appeal Judge Torres’s last year’s ruling in an election year. Republican Donald Trump has already emerged as the clear pro-crypto candidate after promising to fire SEC chair Gary Gensler.
Kamala Harris and the Democrats would be wary of losing even more support by choosing to extend this landmark case.
Therefore, it appears that XRP is poised to push towards its all-time high of $3.84. The token is currently trading at $0.57. However, a breakout above the $0.66 resistance could kickstart a major bull rally.
Pepe (PEPE)
Ethereum meme coins are acting as leveraged ETH, with no token displaying this phenomenon more than the Pepe coin.
With Ethereum projected to reach $10,000, some analysts believe that Pepe could have a peak valuation of $50 billion during this cycle.
After all, it is one of the few meme coins available on Binance, often ranking in the top 10 on CoinMarketCap in terms of daily trading volume. Rumours are also rife that Coinbase could list Pepe on its platform as well.
The Pepe price is currently trading at $0.0000085, above its 200-day EMA. A weekly close above this level could result in the meme coin pushing towards new highs, making it one of the top crypto that could explode next.
Pepe Unchained (PEPU)
Pepe Unchained is a new meme coin that has created significant hype amongst investors with its presale performance.
PEPU has received nearly $8 million from early investors during its ongoing ICO, impressive considering the uncertain broader market sentiment.
Smart money investors realize that Pepe isn’t the only frog-themed meme coin poised to explode in the upcoming bull market. Tokens such as PeiPei and APU can also deliver outsized returns, with PEPU being the later high-potential coin to join the list.
Experts believe that Pepe Unchained can see substantial retail investment, owing to its native Layer-2 blockchain which will offer low trading fees and high staking rewards. This could make PEPU a much more attractive buy than other utility-less Pepe copycats.
Some crypto influencers are even suggesting 50x potential gains for the early buyers.
Brett (BRETT)
Brett – another meme coin based on Matt Furie’s The Boy’s Club Webcomics – has quickly emerged as the top competitor to Pepe.
The Brett coin recently showed impressive resilience during the latest crypto market crash, bouncing back and nearly doubling its valuation the very next day. Experts are taking this as an indication that it could potentially outperform other meme coins.
I know it’s already obvious but $BRETT is gearing up for a major breakout $BRETT outperformed almost all of the top 10 meme coins during this dip
I expect the same behavior when the bullrun begins pic.twitter.com/6FCA6BLClS
— Jack Blaze
(@CabinBoyCrypto) August 8, 2024
As such, Brett is the top meme coin Base, Coinbase’s Layer-2 venture. With Coinbase looking to promote Base to its millions of users, Brett could see tremendous growth in the coming months.
Additionally, Base uses ETH as its native token, which means that Brett is just as much a beta play on Ethereum as Pepe. It also has a much lower market capitalization – currently $980 million – and could therefore offer higher returns.
Base Dawgz (DAWGZ)
Meme coins of the same blockchain show a strong correlation. With Brett poised to see substantial growth, it would be no surprise if Base Dawgz explodes as well.
DAWGZ is a new meme coin that is currently in its presale. And yet, meme coin enthusiasts are already excited about its upside potential, considering it has already raised nearly $3 million in its presale.
Base meme coins are highly undervalued, with no coin other than Brett above a $100 million valuation. However, DAWGZ could be the next big meme token on the chain, owing to its strong early demand and innovative community-building solutions.
For instance, it has come up with a share-to-earn program, awarding airdrop points to investors who share its content on social media. Additionally, they can create their unique referral links and earn a percentage of investments made through them.
Finally, its multi-chain status could result in substantial visibility amongst potential investors. Indeed, DAWGZ will go live on Base, Solana, Ethereum, BNB Smart Chain and Avalanche.
