Primed For 2023: 5 Next Big Cryptocurrency ProjectS
Uncovering the next crypto to explode during the early phases of a project’s development can be a very lucrative pastime. Early-stage crypto projects can be the best opportunities for investors seeking significant investment returns.
It’s always important to do your research when finding the best picks, so a team of experts has compiled a comprehensive list of the top 5 next big cryptocurrency projects in 2023. Each project has significant potential for growth, and this article will dive deeper into all the primary considerations investors need to make. Let’s get into it.
List of the 5 next big cryptocurrency projects to explode in 2023
Early-stage crypto projects always have immense long-term potential. That’s because they combine several world-changing technologies and offer in-demand digital services. Experts have hand-picked the five next big cryptocurrency offers that look set to explode over the coming months and years.
Here are the 5 next big cryptocurrency projects in Web3 for 2023 and beyond:
Memeinator (MMTR) — A game-changing meme coin community Aptos (APT) — A next-generation layer-1 blockchain Shiba Inu (SHIB) — Shibarium’s native crypto asset Pi Network (PI) — Mobile-first mining for a new kind of layer-1 chain Polygon (MATIC) — Improved scalability through Polygon 2.0
The next big cryptocurrency projects — analyzed and reviewed
1. Memeinator (MMTR) — A game-changing meme coin community
What is Memeinator?
Memeinator (MMTR) aims to clean up the oversaturated meme coin market. According to early predictions, the Memeinator is set to entirely obliterate its meme coin competition over time, as it has the potential to become the next big cryptocurrency project at the top of market cap listings.
Offering a wide range of use cases within its meme coin ecosystem, Memeinator is naturally set apart from the majority of other meme coins available on the market. The Memeinator community will, in the future, enjoy activities like a built-in game, specialized NFTs, and DeFi services like token staking.
To aid in the widespread promotion of the native MMTR token online, the Memeinator team is adamant about the project going viral. To kick things off, the team is offering a complimentary ticket on Virgin Galactic’s Spaceline as a prize—one lucky presale participant will get a lifetime trip into the stratosphere. While most meme coins make empty promises of “going to the moon,” Memeinator will shoot one of its community members into space!
How does MMTR work?
Memeinator intends to have some fun on its mission to dominate the meme coin market. Its Memescanner AI will scour the internet, searching for meme coins lacking utility and value. It will then feed them into Meme Warfare, the project’s in-built game, as characters for players to destroy using Memeinator’s mechanical weaponry.
Additionally, Memeinator will have a limited edition NFT collection. The limited edition NFTs convey a sense of community within a highly anticipated meme coin movement. Details for Memeinator’s NFT program are still being hammered out and will be released in the next few weeks by the Memeinator team.
Staking of MMTR tokens will be possible on the Memeinator platform. This allows each investor to get a passive dividend on their long-term token investments and offers a decentralized finance component, which is uncommon for meme coins.
Why buy MMTR?
In line with the Terminator film’s Judgement Day theme, the MMTR presale was announced on 29th August, which began a 29-day countdown to the ICO’s launch on 27th September. Now in full swing, MMTR is being offered at a low introductory rate during its current presale event.
MMTR was available for $0.01 during Stage 1, a value that will climb to $0.049 at the end of the ICO. Every early backer gets a chance to buy into a high-potential meme coin ecosystem during its earliest phases, and not only that, they will be entered into a fantastic prize draw to win a trip to space on Virgin Galactic.
Later in the year, the MMTR token will be listed on crypto asset exchanges and made available to even more investors. In contrast to many other meme coins, MMTR stands apart because of its use of AI and the team’s commitment to achieving virality through intensive marketing. The project is super ambitious and determined to achieve its stated goal of reaching a market cap of $1 billion. All things considered, MMTR could be the next big coin on the market.
>>> You can find more information, including how to buy MMTR on the official website <<<
2. Aptos (APT) — A next-generation layer-1 blockchain
What is Aptos?
Aptos has been garnering a lot of attention in the world of blockchain technology as a top crypto to invest in. The platform is designed to help businesses and individuals build decentralized applications (dApps) to facilitate various transactions. This is achieved through smart contracts programmed to complete specific tasks automatically.
Aptos uses a unique programming language built specifically for the ecosystem. While most other layer-1 blockchains in Web3 use either Solidity or Rust, Aptos uses a novel language called Move that affords developers greater versatility. This can help to expand the number of use cases for dApps on the blockchain.
The proof-of-stake consensus mechanism used by the Aptos network also provides it with a high degree of scalability. It can process transactions at high speeds and low costs, making it an ideal choice for businesses seeking to launch attractive blockchain-based services.
Aptos is a way to help democratize transactions and shift power away from centralized institutions. With new possibilities arising from the development of blockchain technology, Aptos is poised to become a significant player in decentralized finance.
What makes Aptos unique?
With its highly scalable network, Aptos is a revolutionary layer-1 blockchain ecosystem that provides powerful smart contract capability. The platform is an excellent option for companies building dApps because it offers safe, quick, and practical financial transactions.
Using a unique smart contract technology known as the Move virtual machine, Aptos can achieve more versatility than its rivals. The Move coding language is regarded as one of the most cutting-edge technologies for dApp development. It offers Aptos enormous growth potential with a highly scalable blockchain network.
Additionally, Aptos is an entirely decentralized and transparent computer network, which raises the technology’s worth even further. Aptos is also one of the newest layer-1 blockchains in Web3, launching the native APT token in October 2022.
Why buy APT?
The Aptos blockchain uses the APT token to cover transaction costs and compensate validators for protecting the network architecture. Since its inception at the end of 2022, it has become one of the most sought-after digital assets because of its built-in utility on a high-potential blockchain in cryptocurrency.
Like Solana, Aptos wants to help business customers who wish to develop decentralized applications (dApps). Its more sophisticated smart contract features and highly scalable infrastructure could certainly make it the go-to option for large-scale financial applications compared to its competitors.
3. Shiba Inu (SHIB) — Shibarium’s native crypto asset What is Shiba Inu?
In 2021, Shiba Inu (SHIB) was introduced as an ERC-20 token on the Ethereum network. A group of unidentified developers manage Shiba Inu, with the project lead going by the alias Shytoshi Kusama. Half of the 1,000,000,000,000,000 token supply for Shiba Inu was airdropped to Ethereum founder Vitalik Buterin upon the token’s introduction, which helped the project gain notoriety in the cryptosphere.
Famously, Vitalik was heard discussing Shiba Inu on the Lex Friedman show. Later, he promised to give away all of his SHIB token supply to charitable organizations. The Shiba Inu launch’s early events brought international attention, and the SHIB token quickly surged to a $43 billion valuation.
The Shiba Inu development team has been working hard ever since to build a new ecosystem for the meme coin. A layer-2 blockchain compatible with the Ethereum Virtual Machine (EVM) now has SHIB as its native token. Shibarium, a layer-2 network, is home to an increasing number of dApps and users; over a million wallets were created in the first two weeks of its inception.
There is a sizable and devoted fan base for Shiba Inus. By providing art galleries on the network, the project aided the NFT art movement. Additionally, companies may introduce specially designed apps catering to Shibarium’s big user base. Virtual reality metaverses, play-to-earn games, and DeFi services, including lending and borrowing protocols, are some dApps being developed for Shibarium.
What is Shibarium?
Shibarium is a layer-2 blockchain within the Ethereum ecosystem. Compared to the Ethereum mainnet, it is more scalable and uses SHIB tokens as the primary crypto asset. In addition to being utilized for transaction fees, SHIB supports the network infrastructure by paying validators with rewards.
Shibarium’s compatibility with the Ethereum Virtual Machine makes it Turing complete. This implies that programmers utilizing the Solidity programming language can introduce smart contracts onto the network, allowing the development of unique digital assets and full user-facing apps.
It has snowballed since the blockchain went live for the first time in August 2023. Despite some early issues, Shibarium already has over a million active users and handled about three million transactions in its first month. 10,499 smart contracts were deployed on the network, and 7670 unique tokens were produced.
Why buy SHIB?
Even though SHIB was intended to be a joke, it is now considered one of the next cryptos to explode because it reflects a rapidly expanding meme coin ecosystem. DoggyDAO, the group in charge of carrying out Shiba Inu’s wishes for community-driven governance, has also lately expanded the number of well-known businesses on its board of advisors.
Among the new members of the DoggyDAO advisory board are former executives from NewsCorp, Disney, and Nasdaq. The initiative expects to make Shibarium a preferred option for businesses introducing decentralized applications (dApps) to a broad audience. Examples of such applications may be NFT media platforms, decentralized SocialFi, and numerous other blockchain utilities.
4. Pi Network (PI) — Mobile-first mining for a new kind of layer-1 chain What is Pi Network?
One of the most talked-about cryptocurrencies in 2023 is the Pi Network after it was revealed that the mobile-first mining platform is now home to 47 million active users. A key reason why PI is considered by many to be the next big crypto is that anyone can download the Pi Network mobile application and start mining PI tokens automatically in the background.
In contrast to other cryptocurrencies, mining PI is incredibly cheap and easily accessible. Anyone with a basic smartphone can join the distributed network of nodes, and the network architecture can be supported without the need for specialized mining equipment.
Developers can also launch custom applications on the Pi Network, and the project has been actively inviting developers to become a part of the ecosystem. One of the main justifications given by Pi for starting a business on the blockchain is its huge user base and transferable virtual machine.
How does mobile-first mining work?
Pi Network has an app that can be downloaded on the Play Store for Android or on the App Store for iPhone. The app runs automatically in the background and generates PI tokens for the user. Every person actively running the mining process is helping to secure the network infrastructure and process PI transactions, a novel way to create a decentralized network of nodes.
The widespread accessibility of PI mining gives it a natural advantage over most other blockchain networks. Bitcoin, for example, requires that each block miner purchases expensive hardware and incurs large electricity bills to support it. In contrast, mining PI happens automatically on a mobile phone with minimal difference to the device’s battery life.
Why buy PI?
PI tokens aren’t on the open market yet as the project is preparing to launch the full mainnet in the coming months. Every early adopter of the network is likely to have generated PI tokens already, and some digital asset exchanges are offering an IOU value for PI tokens already.
With such a high level of adoption before the crypto asset has even launched, PI looks set to continue its rapid growth over the coming years. It is the second-most-owned digital asset in South Korea and has already been used in a peer-to-peer transaction in exchange for physical artwork.
The IOU price for PI rose 142% recently, further indicating that the project is amid a bullish adoption phase. In the next crypto bull market, PI could be a top crypto to invest in, especially since the full launch of the asset is expected to occur sometime before.
5. Polygon (MATIC) — Improved scalability through Polygon 2.0 What is Polygon?
Leading layer-2 scalability solution Polygon was created to enhance transaction processing for the Ethereum network by lowering expenses and boosting throughput. Numerous dApps that provide Web3 services in a scalable environment may be found on the network, and they are connected with the Ethereum Virtual Machine (EVM) to provide a wide range of versatility.
The native Polygon token, MATIC, runs the network and lets users participate in platform governance. Since Polygon operates on a proof-of-stake consensus protocol that relies on a financial disincentive for security reasons, MATIC rewards validators for supporting the infrastructure.
Because of Polygon’s creative and adaptable architecture, developers can set up their own unique blockchains that easily integrate with other EVM networks. Polygon is also transitioning to Polygon 2.0, a new and better layer-2 that further incorporates zero-knowledge proofs to improve network scalability.
What is Polygon 2.0?
Polygon 2.0 will migrate the Polygon ecosystem into an upgraded technical environment that uses zero-knowledge proofs at the core of the infrastructure. Zero-knowledge proofs can drastically improve the network’s scalability, despite Polygon already being one of the most scalable Ethereum networks.
Polygon will integrate a new virtual machine as part of the move to Polygon 2.0. The new virtual machine, zkEVM, combines zero knowledge capabilities with a programming language compatible with EVM. This means that developers can launch existing EVM dApps on Polygon zkEVM with minimal changes to the code base while still taking advantage of the vast improvements to scalability.
Why buy MATIC?
With Polygon’s upcoming network migration, the project will enter a new phase of its development. In addition to adding a new virtual machine that combines zero-knowledge proofs with a programming language that is inherently compatible with EVM, Polygon 2.0 will include the launch of a new native token known as POL.
Normally, this would mean the end of MATIC, but POL tokens are expected to be distributed by airdrop to existing MATIC holders. This can give every MATIC investor a headstart on the launch of POL as it unfolds—likely because MATIC would lose all of its utility in the Polygon ecosystem and its value could go to zero.
To protect its supporters, Polygon is likely to reward them with POL tokens instead of letting all investor value decline to such a degree. As a result, MATIC could be a top crypto to invest in, as a MATIC purchase could provide sizable investment returns, as POL is likely to grow in value upon the launch of Polygon 2.0.
How the next big crypto coins to buy were determined Availability
Some of the “next hot cryptos” to buy are in their early stages of development, meaning they have plenty of room to grow. However, this also means they’re not as easily accessible as other, more established crypto assets. Despite this, the experts have chosen the five next cryptocurrencies based on their availability, with each of the projects listed here available now.
Two examples of projects not currently available on the open market are Pi Network and Memeinator. This affords early backers more opportunity, as any acquisition of the native token before it goes live could see some significant returns when the launch date finally comes.
Market Capitalization
The next top cryptos to buy are highly undervalued in market capitalization. Each one provides a unique set of features and a highly in-demand value proposition, meaning the market should send the native assets surging toward a fair valuation.
Long-Term Utility
For the next big crypto projects, long-term utility is a significant factor. Will people actively seek to use this platform in the future, or is it simply built to ride a short-lived wave? Investors who consistently answer this question correctly will likely make far more significant gains throughout their lifetime.
The experts have picked out the projects on this list for a particular reason. Each one offers in-built utility to its community, delivering in-demand products and robust technologies—giving them the potential to see high levels of future adoption.
What are the main things to consider when choosing what crypto to invest in? Your Budget
Although these are undoubtedly some of the most popular cryptocurrencies available, investors should only risk what they are ready to lose. All investment instruments have some risk since unforeseen events can happen anytime. Investors should always purchase assets proportionately to their financial situation to lessen risk.
Risk Tolerance
Because cryptocurrencies represent experimental technology in a new financial industry, their price fluctuations are often more significant than those of traditional equities. The ‘barbell approach‘ is one of the most effective investment strategies for investors since it allows them to distribute risk tolerance over various assets.
Security and Regulation
Certain cryptocurrencies may be subject to additional laws, while others won’t. When deciding whether or not to put your money into the most popular cryptocurrencies, conducting an independent study is essential, as the applicable rules may vary from country to country.
Conclusion — What is the next big crypto to explode in 2023?
This list is an advisory investment portfolio for up-and-coming crypto projects in Web3. Each has been specially selected for its long-term value proposition, delivering exciting features that make it stand out.
The single most exciting project on this list is Memeinator. That’s because it delivers a next-generation meme coin ecosystem that will likely overtake most of those in the market in the coming years. By providing more utility for token holders and being laser-focused on achieving virality, don’t be surprised if MMTR reaches rapid adoption quite soon.
Disclaimer : The above is a sponsored article and the views expressed are those of the sponsor/author and do not represent the stand and views of The Tribune editorial in any manner.
