7 Crypto Stars Expected to Hit $1 and 3 Doomed To Fail
The next crypto to hit $1 is not a big boy project from the past, but rather new tokens such as Pikamoon (PIKA) which offer a gateway into your highest profits as an investor.
While Bitcoin (BTC) and Ethereum (ETH) are the two biggest cryptocurrencies, they have a high entry load and may not offer 10x or 20x rewards in the next bull run. On the other hand, there are several other cryptocurrencies that are much cheaper and have the potential to skyrocket in value, offering potential 100x or even 1000x returns.
These are the next cryptos to hit $1, and they could make you the next crypto millionaire if you invest in them early.
Our write-up explores 7 of these penny cryptos and explains why they are worth your attention as an investor. We will also discuss three popular crypto projects that are destined to fail in reaching the $1 mark to help you mitigate risks in the crypto space.
So, without further ado, let's dive in!
Current Price: $0.0006
Market Cap: $10 Million (on launch)
Token Supply: 50 Billion PIKA only
The GameFi sector was the most lucrative niche in the last bull run, creating many millionaires along the way.
Projects like Axie Infinity and The Sandbox soared in popularity and witnessed exponential growth in their market capitalisation. For example, Axie Infinity (AXS) went from under $30 million to almost $10 billion, and The Sandbox (SAND) went from under $25 million to $6.87 billion in 2021.
This bull run is no different, in fact, its even grander. This means that a select handful of GameFi projects are poised to follow a similar trajectory of these 10-figure projects, with the front runner being Pikamoon (PIKA).
PIKA is a deflationary coin that serves as the in-game currency of the Pikaverse, a vibrant and immersive virtual world. Pikamoon is a play-to-earn game where players can battle their way up the ranks to earn rewards in the form of PIKA tokens and rare NFTs. Players can also access the Pikamoon marketplace, where they can buy and sell unique items and upgrade their avatars.
Pikamoon is currently in its final presale stage, where 1 PIKA token is worth a mere $0.0006, and the total market cap on launch will only be $10 million. This means that there is a huge potential for growth as the game launches and attracts more players and investors. Pikamoon is also backed by a verified and doxxed team and has a strong and active community on social media.
If you are looking for the next crypto to hit $1, Pikamoon is a great option. But hurry up, the PIKA presale concludes in under 60 days, with just 14% of the tokens remaining, so don't miss this opportunity to join the Pikaverse!
Current Price: $0.5193
Market Cap: $28.3 Billion
Token Supply: 100 Billion XRP
Ripple (XRP) was created in 2012 by Jed McCaleb, David Schwartz, and Arthur Britto, who also founded the company Ripple Labs. XRP is the native currency of the XRP Ledger, a decentralised Ledger that can process transactions in seconds and handle up to 1,500 transactions per second.
Ripple reached an all-time high of $3.84 in 2021, providing ample grounds to anticipate its ability to surpass the same threshold once more.
XRP is used by banks, payment providers, and digital asset crypto exchanges to transfer value across the RippleNet network, a global network of partners that use Ripple's technology.XRP is currently the 6th-largest cryptocurrency by market cap, with a value of $0.5193 and a circulating supply of 54.6 billion XRP coins.
Ripple has the potential to reach $1 or more in the future, as it offers a scalable, secure, and cost-effective solution for cross-border payments. It is currently the sixth-largest cryptocurrency according to 24-hour trading volume and market capitalisation.
Current Price: $0.6307
Market Cap: $20.9 Billion
Total Supply: 45 Billion ADA
Cardano (ADA) is a proof-of-stake blockchain technology platform that aims to deliver more advanced features than any protocol previously developed. It was founded in 2017 by Charles Hoskinson, a co-founder of Ethereum.
Cardano is designed to be a platform for smart contracts, decentralised applications, and digital identity, as well as a means of value transfer. ADA is the native currency of the Cardano network, and it is used for transactions, transaction fees, and staking. It is currently the eighth-largest cryptocurrency by market cap, with a value of $0.6307 and a circulating coin supply of 35.1 billion ADA coins.
This crypto also has the potential to reach $1 or more in the future, as it is one of the most innovative and ambitious projects in the crypto market. Cardano is built on a solid scientific foundation and undergoes rigorous peer review and formal verification processes. Cardano is also constantly evolving and improving, as it recently launched the Alonzo hard fork, which enabled smart contract functionality on the network.
This opens up a new realm of possibilities for Cardano, as it can now compete with other smart contract platforms like Ethereum and Solana and host a variety of dApps and DeFi protocols.
Current Price: $0.008653
Market Cap: $11.9 Billion
Total Supply: Unlimited
Dogecoin (DOGE) was created as a joke in 2013, based on the popular "doge" meme that features a Shiba Inu dog. Its team of founders consisted of Billy Markus and Jackson Palmer, who wanted to make a fun alternative to Bitcoin. Dogecoin uses a proof-of-work algorithm that is similar to Litecoin but has some differences, such as the use of Scrypt technology and a shorter block time.
Dogecoin also has an unlimited supply, meaning that there is no cap on the number of coins that can be mined. DOGE is the native currency of the Dogecoin network, and it is mainly used for tipping and donating online, as well as for buying goods and services from online merchants. DOGE is currently the tenth-largest cryptocurrency by market cap, with a value of $0.008653 and a circulating supply of approximately 143.1 billion DOGE coins.
The reason we believe it has the potential to reach $1 or offer quick profits is that it has a loyal and passionate community that promotes the coin and builds hype. DOGE also benefits from the endorsement and influence of celebrities and public figures, such as Elon Musk, Mark Cuban, and Snoop Dogg, who often tweet and talk about the coin.
Current Price: $0.1321
Market Cap: $11.6 Billion
Total Supply: 101.7 Billion TRX
TRON (TRX) is a blockchain OS that aims to create a decentralised Internet and a platform for digital content creation and distribution. It was founded in 2017 by Justin Sun, a former representative of Ripple in China. TRON is powered by the TRON Virtual Machine, which supports smart contracts, dApps, and various blockchain protocols.
TRX is the native currency of the TRON network, and it is used for transactions, fees, and governance. It is currently the twelfth-largest cryptocurrency by market cap, with a value of $0.1321 and a circulating supply of 88.1 billion TRX coins.
As a leading blockchain platform in terms of performance, scalability, and adoption, TRON can also hit $1 in the near future. It has already surpassed other blockchain projects in terms of total value locked, securing its position as a top player in the DeFi space. TRON also has more stablecoin activity than any other blockchain, indicating high demand and usage of its network.
Furthermore, TRX will also benefit from the growth and development of the TRON ecosystem, which includes various projects and partnerships, such as BitTorrent, Poloniex, DLive, and Samsung.
Current Price: $0.8912
Market Cap: $8.3 Billion
Total Supply: 10 Billion MATIC
Polygon (MATIC) will most probably be the next crypto to hit 1 dollar on this list. It's currently trading at around $0.99 and has a circulating supply of 9.3 billion, making it the 15th-largest cryptocurrency by market cap.
It is a layer-2 scaling solution that aims to provide cheaper and faster transactions on Ethereum. It was launched back in 2017 as Matic Network and rebranded to Polygon in 2021. MATIC is the native currency of the Polygon network, and it is used for paying fees, staking, and governance.
Polygon uses a hybrid approach of Plasma and proof-of-stake to create multiple sidechains that are compatible with Ethereum. These sidechains can process transactions in seconds and handle up to 65,000 transactions per second. Polygon also supports interoperability and composability with other blockchains and layer-2 solutions.
Polygon hosts many prominent decentralised applications (dApps) and decentralised finance (DeFi) protocols, such as SushiSwap, Curve, and Decentraland. It also benefits from the continuous development and innovation of its team and community, as well as the strategic partnerships and integrations with other projects, such as Chainlink, Filecoin, and Binance Smart Chain.
Current Price: $0.2661
Market Cap: $1.8 Billion
Total Supply: 10 Billion GRT
The Graph (GRT) is a protocol that enables querying and indexing of data from blockchains and decentralised networks. It was launched in 2020 as a way to make Web3 data more accessible and reliable. The Graph allows anyone to create and publish open APIs, called subgraphs, that can be used to query data from various sources, such as Ethereum, IPFS, and POA.
It also has a decentralised network of open and incentivised nodes, called indexers, that process and serve the subgraphs. GRT is the native token of The Graph network, and it is used for paying fees and, staking and rewarding indexers, curators, and delegators.
GRT is currently the 52nd-largest cryptocurrency by market cap, with a value of $0.2661 and a circulating coin supply of 9.4 billion GRT coins. GRT has the potential to reach $1 or more in the future, as it is one of the most essential and widely used protocols for Web3 data.
The protocol powers many popular dApps and DeFi protocols, such as Uniswap, Synthetix, Aragon, AAVE, and Gnosis.
While market conditions can always surprise, below are three digital currencies we believe won't hit $1 in the foreseeable future.
Current Price: $0.000009823
Market Cap: $5.7 Billion
Total Supply: Unlimited
Shiba Inu (SHIB) is a meme coin that was created as a Dogecoin parody in 2020. It features Shiba Inu dog as its logo and calls itself the "Dogecoin killer". SHIB is the native token of the Shiba ecosystem, which includes a decentralised exchange (DEX) called ShibaSwap, a decentralised autonomous organisation (DAO) called Shiba Army, and a non-fungible token (NFT) project called Shiboshi.
SHIB is currently the 17th-largest cryptocurrency by market cap, with a value of $0.000009823 and a circulating supply of 589.3 trillion SHIB coins.
However, Shiba Inu's potential to reach $1, given its current market dynamics and circulating supply, is unlikely.. SHIB was initially launched with a total supply of 1 quadrillion coins, half of which were sent to the wallet of Ethereum co-founder Vitalik Buterin, who later burned 90% of his holdings and donated the rest to charity.
The other half was locked in a liquidity pool on Uniswap. Since then, the Shiba Inu team has introduced a token burn mechanism, which removes a certain amount of SHIB from circulation every time a transaction is made on ShibaSwap or an NFT is minted or renamed. According to the team, more than 410 trillion SHIB tokens have been burned so far, which represents about 41% of the original supply.
But, even with this significant reduction in supply, SHIB still faces an insurmountable obstacle to reach $1. To do so, SHIB would need to increase by more than 9.8 million per cent from its current price, which is highly unrealistic.
Moreover, SHIB would need to achieve a market cap of more than $589 trillion, which is more than six times the value of the entire world economy. This is simply impossible, as SHIB would face immense selling pressure and regulatory scrutiny if it ever reached such a level.
Current Price: $0.000001
Market Cap: $517 Million
Total Supply: 420.7 Trillion
PEPE is a deflationary meme coin that was launched on Ethereum in 2020. It is based on the Pepe the Frog internet meme, which was created by Matt Furie in 2005 and became popular in the early 2010s. PEPE is the native token of the Pepe ecosystem, which includes a DEX called PepeSwap, a DAO called Pepe Army, and an NFT project called Pepe Pixel Pups.
PEPE is currently the 121st-largest cryptocurrency by market cap, with a value of $0.000001 and a circulating supply of 420.7 trillion PEPE coins.
However, PEPE has very little chance of reaching $1 in the near future, or ever, due to its large and fixed supply. The project was launched with a total supply of 420.7 trillion coins, which is a reference to the numbers 420 and 69 numbers.
The supply of PEPE is not expected to change, as there is no token burn or minting mechanism in place. According to the team, this is to keep things simple and pure as a meme coin¹.
However, this also means that PEPE faces a huge challenge to reach $1. To do so, PEPE would need to increase by more than 35 million per cent from its current price, which is extremely unlikely.
Furthermore, PEPE would need to achieve a market cap of more than $420 trillion, which is more than four times the value of the entire world economy. This is impossible, as PEPE would face enormous competition and regulation if it ever reached such a level. Therefore, PEPE is unlikely ever to hit $1, and investors should be wary of its long-term potential.
Current Price: $0.000013 USD
Market Cap: $834 Million
Total Supply: 93.5 Trillion BONK
BONK is a meme coin that was airdropped to the Solana community on Christmas Day, 2022. It features the image of a Shiba Inu dog as its mascot, inspired by a popular meme coin called Dogecoin (DOGE). BONK is the native token of the BONK ecosystem, which includes a DEX called BONKSwap, a DAO called BONK Army, and an NFT project called BONK NFTs.
BONK is currently the 87th-largest cryptocurrency by market cap, with a value of $0.000013 and a circulating supply of 63.3 trillion BONK coins.
However, like SHIB, BONK has very little chance of reaching $1 due to its variable supply and lack of scalability. BONK was launched with a total supply of 100 trillion coins, 50% of which were airdropped to Solana users, developers, and artists, and the other 50% was allocated to the team, marketing, liquidity, treasury, and early contributors.
The supply of BONK is expected to change, as there is a token burn mechanism in place, which removes a certain amount of BONK from circulation every time a transaction is made on BONKSwap or an NFT is minted or renamed. According to the team, more than 36.6 trillion BONK tokens have been burned so far, which represents about 36.6% of the original supply.
To reach $1, BONK would need to increase by more than 7.6 million per cent from its current price, which is very improbable. Moreover, BONK would need to achieve a market cap of more than $63.3 trillion, which is more than two-thirds the value of the entire world economy.
There are several reasons penny coins are a better investment option than big names. For instance,
Penny coins have a lower market cap and a higher room for growth than popular currencies like BTC and ETH, which are already well-established and valued in the market.
Therefore, investing in cheap coins could yield huge profits in the long run, especially if they have a strong project and a loyal community behind them.
Cryptocurrencies under 1 dollar often represent new and emerging sectors in the crypto market, such as gaming, metaverse, DeFi, NFTs, and Web3. These sectors offer more diversity and innovation than the traditional sectors of BTC and ETH, which are mainly focused on stores of value and smart contracts.
For example, Pikamoon (PIKA) is a crypto under 1 dollar that powers a P2E gaming universe where users can play, create, explore, and trade digital NFTs. GameFi is an exciting concept that could revolutionise the way we interact with the digital world.
They often have more active and engaged teams and communities than popular currencies like BTC and ETH, which are more mature and established. This means that investing in cheap coins could expose investors to more updates and improvements on the projects, as well as more feedback and support from the developers and users.
This could also make these crypto projects more adaptive to the changing needs and demands of the market, which could enhance their value and utility in the long run.
To sum up, the next crypto to hit $1 will be one of the hidden gems that have low prices but high potential. These coins have solid fundamentals, unique use cases, and promising prospects for growth.
Among others on the list, we are most bullish on Pikamoon (PIKA) as it offers a unique value proposition, AAA gaming experience, and NFT integration. PIKA is currently in its final Presale stage, where it is priced at only $0.0006, however only 15% of its total 15 billion supply remains.
This is an excellent opportunity to ape in while the price is low and take advantage of the upcoming bull run. GameFi made millionaires in the last run, and Pika is all set to be the next Axie Infinity of 2024.
By investing in these smaller projects, investors can not only see higher returns but also enjoy more diversity and innovation in the crypto space, as they offer exciting solutions for various sectors, such as gaming, metaverse, DeFi, NFTs, and Web3.
The best crypto to buy under $1 is Pikamoon (PIKA), a play-to-earn game that combines blockchain, gaming, and NFTs. PIKA is the in-game currency of the Pikaverse, where players can battle, earn, and trade NFT.
PIKA is currently in its final Presale stage, where it is valued at only $0.0006. This means that PIKA has a huge opportunity to increase in value as the game launches and attracts more players and investors.
During the last bull run, GameFi projects like Axie Infinity, Iluvium and The Sandbox made millionaires out of early investors.
This time, many crypto whales believe another GameFi project, Pikamoon (PIKA), which is under $1, has the most potential to make investors millionaires in the upcoming bull run. PIKA has solid fundamentals and promising prospects for growth. So if you invest early, you have the chance to become the next crypto millionaire.
All the projects mentioned in this list have some potential for 10x or 100x gains. These projects offer investors the opportunity to explore new and emerging sectors within the crypto space.
These sectors, such as gaming, metaverse, DeFi, NFTs, and Web3, provide a level of diversity and innovation that may not be as prevalent in more established coins like BTC and ETH, leading to the highest growth potential.
A penny coin is a crypto coin that is worth less than $0.01. A penny coin that has a strong project, a loyal community, and a high demand could see a significant increase in price in the future. One of the penny coins that could have a chance to explode next is Pikamoon (PIKA), a play-to-earn game that combines blockchain, gaming, and NFTs.
PIKA is currently in its final presale stage, where it is valued at only $0.0006 and has a limited supply of ~2 billion coins left on offer. This means that PIKA has a huge opportunity to increase in value once the full game is launched. PIKA also has a verified and doxxed team and a strong and active community that supports and promotes the project.
Disclaimer: The information provided in this article is not investment advice and is only intended for education purposes.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.