What will be the next cryptocurrency to hit the $1 milestone in 2024? In this article, we explore five promising cryptos, ranging from new listings like Pikamoon to established names like Dogecoin and a few unexpected contenders. Let’s begin!
Top 5 contenders for the next crypto to hit $1:
Spotlight WirePikamoon launched on three crypto exchanges in March, gaining approximately 700% in value and emerging as the top penny crypto on Bitget, MEXC and Uniswap.
Since then, it has entered a consolidation phase, but experts anticipate another price pump soon.
Rumours of upcoming listings on tier 1 exchanges such as Binance and Coinbase, along with significant milestones (such as the launch of PIKA Hub, staking rewards, development of Pikamoon metaverse, and full game release) on the horizon, make the future for Pikamoon look brighter than ever.
Visit Pikamoon.io.
PIKA, the native token of the Pikamoon Play-to-Earn (P2E) game, has already released a beta version of their game, attracting over 10,000 gaming enthusiasts.
The fully doxed founders have established an in-house development studio, similar to Axie Infinity’s Sky Mavis, positioning the project to potentially mirror AXS’s success during this bull run, especially since PIKA’s market cap is still 30-40x lower than its competitors.
Watch the 1st episode of the Pikamoon founder’s podcast below:
2. Book of Meme ($BOME)
Book of Meme quickly became a standout meme coin in the current crypto bull market, surging 58,000% just 48 hours after its debut on Solana's Raydium DEX.
Following this, a listing on Binance spurred another 450% increase. Currently, $BOME is in a consolidation phase, which is typical after such rapid growth.
BOME's strong presence on social media and active community engagement is keeping it relevant in the broader meme coin scene.
Future listings on major exchanges like OKX and Coinbase could further boost its visibility and market value, making another significant price surge on the cards.
3. Rosewifhat ($RWIF)
Off the heels of the successes of Solana meme coins, comes another great candidate to become the next $1 crypto. RWIF is a combination of two fairly popular meme coins: WIF (which recently rose to $4 in valuation) and ROSE.
In fact, RWIF was created as a tribute to the widely recognised Telegram bot, Miss Rose, which is now depicted wearing a hat to honour the WIF community.
On its first trading day, Rosewifhat skyrocketed by over 50,000%. As it's still early days, there's a lot of room for RWIF to grow.
Rose has a current price of around $0.0000023, 1,730 holders, and a market cap of under $2 million. This indicates that while $RWIF is still in its early stages and despite being small in market size, it has managed to create a niche for itself within the crypto community.
Additional listings on exchanges could propel its rise to become the next big Solana meme coin.
4. Dogecoin ($DOGE)
Spotlight WireDogecoin, commonly known by its moniker DOGE, being the world's first meme crypto is the strongest candidate on this list to achieve 1$ valuation. In the 2021 bull market, Dogecoin nearly reached this goal, hitting a high of $0.74376. Its market capitalisation at that time was an impressive $69.6 billion.
The current market cap of Dogecoin is approximately $26.32 billion, with a trading price of around $0.1833. Should Dogecoin achieve the $1 value, its market cap would soar to $144.6 billion, positioning it as the third-largest cryptocurrency, just behind Bitcoin and Ethereum.
Recently, Dogecoin developers released a new update for the core software, Dogecoin Core 1.14.7, which enhances security and efficiency. What’s more, DOGE has also introduced Ordinals on the Dogecoin blockchain.
These developments could push the DOGE price further, hitting the $1 milestone, especially now that bulls are taking charge.
5. Zilliqa ($ZIL)
Zilliqa, with the ticker ZIL, is another cryptocurrency that's seen as a potential candidate to reach the $1 threshold. It's a blockchain platform that stands out for its ability to handle a high volume of transactions quickly, thanks to its use of sharding technology.
This capability addresses a common problem in blockchain networks: scalability. Zilliqa has also introduced a unique consensus mechanism and offers eco-friendly mining options, focusing on creating a secure environment for decentralised applications.
Recently, the Zilliqa network has been upgraded to version 9.3.0, which includes improvements in reliability, efficiency, and features aligned with the roadmap for Zilliqa 2.0. This upgrade also introduced active reward control and de-sharding of the network.
Although ZIL's current price is far from $1, trading at $0.037, the community has taken steps to reduce inflation, which will definitely help increase its value towards the coveted $1 mark.
How to find the next crypto that could hit $1
Spotlight WireHere's a quick look at the elements that could signal a cryptocurrency's potential to hit the 1 dollar milestone:
Utility and problem-solving capacity
A cryptocurrency's utility is integral to its value. Tokens designed to address specific market needs or offer innovative solutions to existing problems have a higher likelihood of adoption.
For instance, a low-market cap Gamefi token like Pikamoon can attract significant interest from both investors and gamers alike, looking to capitalise on the growing industry.
So, the utility of a token is not just about the technology it employs but also about how it integrates into and enhances the ecosystem it's part of.
Viral potential and community engagement
While the utility is crucial, the potential for a token to go viral should not be underestimated.
Despite often lacking inherent utility, meme coins can achieve substantial value through their virality potential, community support, and social media influence. That's how WIF, a meme coin, recently hit the $4 mark.
Similarly, a token's ability to capture the zeitgeist, as seen with Dogecoin and its derivatives, can lead to rapid price appreciation.
However, the sustainability of such growth obviously depends on continued community engagement and interest.
Roadmap and developmental catalysts
A well-articulated roadmap with clear milestones can instil confidence in potential investors.
Upcoming features, technological upgrades, milestones, and strategic partnerships outlined in the roadmap can act as catalysts for price increases.
For example, a token announcing a major protocol upgrade that significantly reduces transaction costs could see an uptick in value as users anticipate improved functionality.
Upcoming exchange listings and liquidity access
Exchange listings also play a pivotal role in a token's accessibility and liquidity.
A listing on a prominent exchange like Binance or Coinbase often leads to a surge in price due to increased visibility and trading volume.
The 'Binance Effect' and 'Coinbase Effect' are well-documented phenomena where tokens experience significant price jumps following listing announcements. A few examples of such pumps have been shared above.
Price momentum and market sentiment
Price momentum, often driven by trader speculation and market sentiment, can indicate a token's potential to reach the $1 threshold.
A consistent upward trend in price, coupled with high trading volumes, suggests growing investor confidence and interest.
However, you should also differentiate between organic growth and pump-and-dump schemes that can artificially inflate prices.
Unique tokenomics and supply dynamics
Tokenomics—the economic policies governing a token's supply, distribution, and demand—is another element that greatly impacts the price of any cryptocurrency.
A token with a capped supply and deflationary mechanism, such as periodic token burns, can create scarcity, potentially driving up its value.
On the other hand, tokens with high inflation rates often struggle to maintain price levels as supply outpaces demand.
Conclusion
Now that you know the next cryptocurrencies to hit $1, you can hopefully make informed decisions. While there is no surefire way to predict which cryptocurrency will hit this milestone next, the projects mentioned here are touted to be the most promising options.
In particular, Pikamoon (PIKA) is said to have the potential to hit this target faster than others as it combines the utility of the Gamefi token with the viral potential of a meme coin. PIKA is still in its early days, so the price is very low compared to other meme coins.
As the project evolves and gains worldwide traction, those who get in early could be well-positioned to benefit the most from future price pumps.
Pikamoon (PIKA) is currently trading on Uniswap, Bitget and MEXC.
Frequently Asked Questions - FAQsWhich crypto will hit the $1 value next?
Pikamoon holds the greatest potential as the next crypto to reach one dollar milestone. Supported by a fully doxed team of professionals, PIKA acts as the native token for Pikamoon, a forthcoming P2E game. The developers are currently developing an open-world metaverse that will function as the primary setting for additional games, significantly boosting PIKA’s potential to soar in value.
What makes a cryptocurrency likely to hit the $1 milestone?
Cryptocurrencies with a combination of strong utility, community support, significant partnerships, technological innovation, and a well-defined roadmap are more likely to hit the $1 milestone. Factors such as the token's utility in solving real-world problems, viral potential, and strategic listings on major exchanges also contribute significantly to achieving this goal.
Can we predict when a cryptocurrency will reach the $1 milestone?
While various analytical tools and models can forecast price movements based on historical data and current trends, predicting the exact time a cryptocurrency will reach a specific price point is highly speculative and uncertain.
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