The cryptocurrency market is known for its fast-paced nature, which leads to new opportunities on a consistent basis.
Although plenty of cryptocurrencies are emerging on the market, there are always a handful of unique coins to keep an eye on with changing trends and new, emerging coins.
Regardless of your investment strategy, there are an endless number of coins you can get benefit from.
Each year, many new coins hit the market and garner lots of attention, and this article will dive into the next cryptocurrency to explode in 2023 that you shouldn’t ignore.
Next Cryptocurrency To Explode 2023
What’s the next big crypto?
Let’s start with my personal favorite.
A cryptocurrency that has caught the eye of many investors so far this year, ROSE comes with a long list of use-cases and is created to work with Web3, DeFi, NFTs, Metaverse, and much more.
ROSE (Oasis Network) is a layer-1 network on the blockchain, offering low gas fees and high throughput, which provides a highly secure architecture.
It’s a coin that will genuinely help Web3 continue to blossom and scale.
With DeFi still considered to be in its infancy, there’s plenty of room for growth. A few of the core issues with DeFi security, personal privacy, and high fees.
ROSE aims to tackle these pain points by allowing the Oasis Network to expand DeFi into an era that’s ready for worldwide adoption.
Moreover, its privacy-enabled layer-1 blockchain can preserve personal information, allowing users to remain confidential regarding Web3 and even Metaverse applications.
The cryptocurrency market as a whole is continuously making waves with new technologies and tokens for people to invest in, and its integration into virtual applications is boundless.
Along with Web3, the Metaverse, and DeFi, comes the tidal wave that is NFTs.
Oasis Network (ROSE) also focuses on data-backed NFTs, allowing digital and physical data to be stored, which can range from private financial information to medical records.
Overall, ROSE offers a new level of confidentiality, security, and encryption for data.
The crypto industry has taken its fair share of hits since the beginning of 2022, but there are many cryptocurrencies that are not only thriving but show promising results throughout the year moving forward.
Bitcoin has seen darker days, and even though the market has been fluctuating due to various factors around the world, many experts believe the cryptocurrency will reach new heights before the year’s end.
Bitcoin has surprised us many times before, but laws and regulations are putting new challenges in front of its growth, such as the U.S.’s recent executive order on cryptocurrency.
Nevertheless, Bitcoin is hard to kill, and it still has a bright future ahead.
Even among the changing financial and political climate, BTC is still much more valuable than it was just a few years ago.
Many cryptocurrency enthusiasts and experts alike believe that Bitcoin will surpass $100,000 in less than five years.
There may be other cryptocurrencies making a name for themselves, but it won’t take much for BTC to be the next cryptocurrency to explode.
With more adopted and worldwide applications emerging for Bitcoin, it will only become more valuable as it makes its way into our everyday way of life.
This cryptocurrency was created as a blockchain-based gaming platform that will allow you holders to access some of the top gambling titles of all time.
The coin was launched earlier this year and has quickly gained popularity due to its core mission.
Of course, fluctuations are bound to happen with many new cryptocurrencies, but it’s definitely a coin worth holding on to.
Online gaming has been evolving for years now, and with blockchain technology becoming more adaptable to our lives, it’s seen as a massive asset to the gaming industry as a whole.
Considering LBLOCK is so cheap right now, investors are loading up in hopes of a positive future for the coin and its technology.
Although the cryptocurrency only appeared on a single exchange after its launch, Lucky Block is working on getting listed on other popular exchanges such as Binance and FTX.
It’s an excellent coin for gambling enthusiasts to invest in, as the token itself will also come with many use cases for the online gaming industry.
With years of development on its track record, MANA has continued to work on their roadmap for investors and the cryptocurrency community.
Decentraland is a play-to-earn game that comes with many benefits and opportunities for crypto enthusiasts. In some ways, Decentraland’s technology can be somewhat compared to the Metaverse.
Aside from the crypto’s gaming elements, the company has been working hard at developing itself as an entertainment platform.
The company is starting to become increasingly influential, as JP Morgan has selected Decentraland to host its offices in the Metaverse.
MANA has also been in the news for other exciting developments as it was the first platform to host an actual wedding inside the Metaverse.
It’s these types of proactive moves that have kept the cryptocurrency relevant and in discussion over the years.
Decentraland isn’t the only cryptocurrency working within this space, but it is one of the pioneers, and they continue to impress investors.
No matter how much turbulence the crypto market experiences throughout 2022, the next cryptocurrency to explode could easily be MANA.
Another cryptocurrency with a long-standing reputation in the market, XRP, has shown surprising resilience over the years.
Known as a go-to choice for cross-border payments, this exact benefit caught the attention of the SEC and nearly tanked the value of the coin and its future.
However, XRP remains vigilant and continues to focus on its roadmap, regardless of a pending lawsuit.
Circumstances have been looking up for the company lately as they’ve filed an opposition to the SEC for partial consideration of the judge’s ruling.
Of course, the course of this action can go one of two ways, but it shows that the company isn’t simply going to give up on their years of hard work.
Many law experts feel the company is headed towards a possible win with their opposition, but the future of Ripple is still uncertain to some degree.
The company may be working through some rough patches, but it could also be a decent window for an investment opportunity.
Many investors have taken losses holding onto XRP, but buying low has been proven to offer high returns if everything plays out well.
The SEC has been relentless on the company, but XRP continues to be a worthy investment prospect for those who believe in what the company has to offer the crypto industry.
Catching the eyes of many crypto investors since its release, FTT is the official token for the FTX exchange, which is known as one of the most popular cryptocurrency exchanges on the market in recent years.
The company might be considered young to some others on this list, but it has been quickly making waves in the crypto industry.
It can’t be argued that the crypto market has seen a sizeable downturn in 2022, yet FTT continues to show plenty of promise for the rest of the year.
Not too long ago, FTX announced its interests in stock trading, in addition to raising $400 million in funding to help grow their current and future operations.
It’s evident that the future of this cryptocurrency is looking bright, and the company has a lot more to offer down the road.
They’ve also opened up the floodgates to software engineers to join the company’s new area focused on blockchain gaming.
The company has no plans on stopping here, and although the market has seen some rough times over the past few years, FTX will continue to adapt to ensure its longevity and influence on the market.
For investors looking for a medium to long-term hold, FTT is looking like the next cryptocurrency to explode and comes with many benefits for your investment portfolio.
Each coin on this list has the potential for exponential growth under the right circumstances.
The last cryptocurrency on this list, yet equally full of opportunity, XTZ has been around for quite some time and has recently garnered more attention than it ever has.
Back in February, XTZ (Tezos) inked a prominent deal with Manchester United.
This news alone brought tons of fresh eyes to the cryptocurrency and will do wonders for future expansion and adoption.
Part of this deal means the Tezos logo will be seen on all training kits for Manchester United, and XTZ is now dubbed the official Web3 partner for the football conglomerate.
Not only is it bringing a whole new wave of technology to the sport, but it will also help Manchester make its way into the NFT space.
Manchester United isn’t the only organization to adopt cryptocurrency in one way or another.
Still, considering its influence on the sport, the deal quickly caught the attention of many football and cryptocurrency enthusiasts alike.
Web3’s progress is unavoidable, and it seems Tezos (XTZ) will be guiding Manchester United every step of the way.
It may seem like the market has taken hit after hit, but some of the darkest times in the crypto market have proven to offer some of the best opportunities when things turn around.
You have to be proactive with buzzing investment opportunities in the cryptocurrency market as they come and go in a matter of days and sometimes hours.
Nevertheless, each company in this article easily has the potential to be the next cryptocurrency to explode 2023, and you’ll want to review what they have to offer before they really start to take off.