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The overall feeling in the market was positive from the close of October 2024 until the beginning of this year. Last month, Bitcoin (BTC) rose above its all-time high and surpassed the 100K mark. Eventually, it fell below $96K before rising to102.4K today. Meanwhile, many investors have already made plenty of gains from the November/December 2024 bull run.
Determining the next cryptocurrency to explode might be challenging as most funds are attracted to pumping assets. However, this article will explore the performance of cryptocurrencies with much growth potential, especially before the year runs out. The aim is to identify coins with some potential and help investors and traders make informed decisions about each token.
Next Cryptocurrency To Explode
Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of the presale token Solaxy. This new meme coin offers a unique blend of these two dynamics by combining meme coins’ excitement and reward potential with the practical utility of a Layer 2 blockchain solution.
1. Wormhole (W)
Wormhole (W) is making waves in the crypto space with its innovative approach to blockchain interoperability. By allowing seamless communication between different blockchain networks, Wormhole eliminates traditional limitations, enabling developers and users to tap into multiple ecosystems effortlessly. This breakthrough fosters greater decentralization and expands opportunities for cross-chain applications.
What makes Wormhole stand out is its ability to reshape blockchain connectivity. This feature has caught the attention of industry experts. With a strong development team pushing the project forward, its value could rise over time, making it a noteworthy contender in the crypto market.
In recent trading activity, Wormhole has shown potential for recovery. The token’s price has increased by 1.08% in the past 24 hours, reaching $0.2171. However, its weekly performance reflects a 7.30% loss, while the past month shows a more significant decline of 26%. Despite this downturn, the lower price presents an opportunity for new investors to enter the market before the next potential uptrend.
⚫️ $BUIDL is multichain
Excited to finally roll out the major update around the latest fund to go multichain, with tokenization powered by @Securitize and interoperability powered exclusively by @Wormhole.BlackRock's $640+ million BUIDL fund is now natively multichain across… pic.twitter.com/kFDpkpCJuT
— Dan Reecer (@danreecer_) January 28, 2025
If Wormhole sustains its current momentum, it could break past its trendline, with key resistance levels at $0.2801 and $0.3168. A successful breakout at these points could drive further growth, reinforcing optimism around the project’s long-term prospects.
2. dogwifhat (WIF)
Dogwifhat ($WIF) has caught the interest of crypto traders. It is currently consolidating within a falling wedge pattern—a formation often linked to potential price breakouts. With increased trading volume, bullish investors are eyeing a possible surge as the token approaches key resistance levels.
A significant factor driving Dogwifhat’s appeal is its strong presence on top-tier cryptocurrency exchanges, including Binance, Bybit, OKX, and BYDFi. These partnerships ensure wider accessibility, increasing the token’s liquidity and making it easier for traders to engage with $WIF across multiple platforms.
Market performance for Dogwifhat has seen highs and lows. The token experienced a sharp 29.88% decline over the past month but rebounded with a 16% gain in the last 24 hours, bringing its price to $1.32. While this slight recovery is a positive sign, the overall sentiment remains bearish.
Despite its recent struggles, market enthusiasm for $WIF is evident. The Fear & Greed Index places it in the “Extreme Greed” category with a score of 72, signaling strong investor interest. However, over the past 30 days, Dogwifhat has recorded just 11 green days, translating to a 37% daily success rate.
Dogwifhat’s presence on major exchanges boosts its trading activity, which could contribute to future price movements. Analysts suggest that if the token continues its upward trajectory, it could reach resistance levels of $1.908 and $2.436. As a relatively low-cap token with solid liquidity, $WIF presents intriguing opportunities for short-term traders looking to capitalize on its market fluctuations.
3. Solaxy (SOLX)
Solaxy (SOLX) is quickly gaining traction as one of the market’s most sought-after Initial Coin Offerings (ICOs). What started as a modest fundraising effort has transformed into a high-demand token sale, rivaling some of the fastest-selling ICOs in history.
Initially, Solaxy raised around $250,000 per day, which was impressive but not extraordinary compared to giants like Wall Street Pepe. However, momentum picked up rapidly, with the project now securing nearly $1 million in daily contributions. Over the past few weeks, it has amassed $15.5 million, attracting retail and institutional investors eager to be part of its growth.
At its current ICO price of $0.001616, SOLX tokens are available through Solaxy’s official presale site. Best Wallet, a well-known non-custodial crypto wallet, has listed SOLX in its “Upcoming Tokens” section, making it easier for investors to track and purchase the token. Payment options include ETH, BNB, USDT, and credit cards, offering a seamless buying experience.
A well-structured tokenomics plan supports Solaxy’s long-term vision. The total token supply is allocated as follows:
- 30% for development, ensuring ongoing improvements to the platform.
- 25% for early investor rewards, incentivizing early adoption.
- 15% for marketing, fueling broader awareness and adoption.
- 10% for exchange liquidity, facilitating smooth trading post-listing.
- 20% for the treasury, securing funds for future needs.
Security remains a top priority for Solaxy. The project has undergone an audit by Coinsult, a respected blockchain security firm that confirmed that its smart contracts are safe and free from vulnerabilities. This adds a layer of confidence for investors looking to participate in its promising trajectory.
4. Trust Wallet Token (TWT)
Trust Wallet Token (TWT) is trading at $1.00, reflecting a 1.40% increase in the past 24 hours. However, the token has experienced a 23% decline over the past year. In the last 30 days, TWT has recorded 13 “green days,” meaning its closing price was higher than its opening price on 43% of those days.
Despite recent fluctuations, TWT maintains strong liquidity, backed by a solid market capitalization. As of January 29, 2025, technical analysis suggests a neutral market sentiment, though some indicators hint at a potential bullish shift. The Fear & Greed Index also stands at 72, reflecting high investor interest and signaling possible market volatility.
Price predictions suggest that TWT could rise by 45.41%, potentially reaching $1.42 by late February or early March. Minor fluctuations between $0.98 and $1.06 are expected in the short term. Despite this volatility, the overall outlook remains cautiously optimistic.
Dear Trust Wallet fam,
We’re aware that rewards for the $LTP Launchpool were not distributed as planned since the first distribution cycle on Jan 28, 2025, at 00:00 UTC. This issue has been raised with our third-party partner, and the team is actively working to resolve it.
— Trust Wallet (@TrustWallet) January 28, 2025
TWT’s growth potential could expand if new partnerships or developments strengthen its market position. If bullish trends persist, the token could surpass $1.50, and analysts predict its average price could reach $2 by the end of the first quarter.
5. Bio Protocol (BIO)
BIO Protocol is gaining attention as a transformative financial layer in decentralized science (DeSci). The project is designed to accelerate the commercialization of innovative scientific research by allowing individuals to fund, develop, and govern tokenized intellectual properties (IPs) from universities, companies, and researchers worldwide.
BIO aims to revolutionize biotech funding through decentralized coordination, positioning itself as a key player in the DeSci movement. According to its official website, the project has been described as a “gateway drug” to decentralized science, reflecting its ambition to reshape research funding.
Currently, BIO is priced at $0.2364, marking a 2.47% increase in the last 24 hours. The market capitalization has also risen by 2.57%, reaching $307.22 million. However, trading volume has dropped by 7.92% to $48.89 million. Despite this, BIO’s long-term growth has been remarkable, as it is now trading 160,615.01% above its 200-day Simple Moving Average (SMA) of $0.000146.
The DAO model ensures collective ownership of research, attracting contributors who are truly invested in its success.@jamessinka, co-founder & science lead of Bio Protocol pic.twitter.com/7Yg4eEXwRN
— Bio Protocol (@bioprotocol) January 29, 2025
Earlier this month, BIO Protocol announced a noteworthy partnership with NuDAO, a Web3-focused protocol specializing in life sciences. As part of this collaboration, NuDAO allocated 6.9% of its treasury to BIO Protocol, signaling a long-term commitment to fostering decentralized scientific research.
This partnership combines NuDAO’s biotech and AI technologies expertise with BIO Protocol’s established DeSci infrastructure. By combining their strengths, both projects aim to accelerate the growth of decentralized science.
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