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The overall feeling in the market was positive from the close of October 2024 until the beginning of this year, but things have been pretty sluggish for the past month. After a month of bearishness and losses, many investors hope to make gains reminiscent of 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. Constellation (DAG)
Constellation (DAG) redefines blockchain technology with its unique directed acyclic graph (DAG) architecture. This approach allows for a consensus mechanism that, in theory, can scale infinitely. By leveraging DAG protocols and custom state channels, Constellation transforms smart contracts, enabling seamless integration of external data sources into distributed ledger technology (DLT).
Designed to handle vast amounts of data securely, Constellation offers a streamlined connection to external datasets through user-friendly APIs. This innovation is powered by a shift in establishing consensus, utilizing a serverless structure to enhance efficiency and scalability.
Earlier this year, Constellation Network announced a major breakthrough—a blockchain developed with the Common Crawl Foundation. This initiative introduces the first cryptographically secured, immutable archive of internet data specifically designed for AI training and development.
With access to 17 years of web crawl data—nearly 9 petabytes—this blockchain-based solution ensures secure and verifiable data sources for large language models (LLMs), which rely on this extensive dataset for training.
Great to see @Coinbase leveraging Constellation technology for on-chain foot traffic data at physical events!
In an industry flooded with hype, we're committed to showcasing real-world value. Adoption is our focus.
DAG just works. DOR just works.
HGTP > HTTP pic.twitter.com/468ZLJlfYm
— Constellation Network (@Conste11ation) February 28, 2025
This new application-specific blockchain, Metagraph, tackles key challenges in AI while expanding blockchain’s role in emerging industries. It sets new standards for data verification, privacy, and ethical sourcing, pushing the boundaries of how blockchain technology can support AI advancements.
Meanwhile, DAG’s market performance reflects growing interest. Currently priced at $0.05073, the token has surged nearly 10% in the last 24 hours. Its market capitalization increased by 9.75%, now at $145.78 million, while its daily trading volume climbed 6.64% to $1.4 million. Moreover, DAG trades 38.93% above its 200-day simple moving average (SMA), signaling strong momentum.
2. Snek (SNEK)
SNEK has gained a loyal following within the Cardano ecosystem, standing out as a truly community-driven project. Its fair presale approach, where no tokens were reserved for the development team, built a strong foundation of trust. This transparency has cemented SNEK’s reputation as a key player in decentralized finance (DeFi).
As one of the most actively traded tokens on Cardano, SNEK brings excitement and accessibility to the crypto space. More than just a popular asset, it creates an engaging user environment. Rooted in internet culture and backed by a passionate community, SNEK is an entry point for those new to Web3.
Like memecoins like Pepe, Bonk, Shiba Inu, and Dogecoin, SNEK has carved out its niche. However, it distinguishes itself by merging social engagement with DeFi on Cardano and across the broader crypto landscape.
What sets SNEK apart is its interactive features. The Snek game, developed with Paima Studios, allows users to engage with the ecosystem entertainingly. A raffle system lets users participate in prize pools to win free tokens. For long-term holders, staking options of 4, 7, or 10 months offer enticing rewards.
$SNEK is leading Cardano volume today with almost 2mil ADA🔥 pic.twitter.com/NtJcm3wxTs
— Splash (@splashprotocol) March 1, 2025
Strategic collaborations have further enhanced SNEK’s utility. Its partnership with Nebula introduces a fun way to flip coins using SNEK, adding to its entertainment value. Additionally, integration with NOWPayments allows users to make transactions with SNEK, boosting its adoption in the Web3 space. SNEK continues to prove that memecoins can go beyond the hype, offering real value, engagement, innovation, and profit.
3. Solaxy (SOLX)
Solana’s ability to break past its current resistance level could open the door for even greater gains in the meme coin sector, particularly for projects built on its network. One standout in this space is Solaxy (SOLX). Solaxy is developing a Layer 2 solution on top of Solana to tackle network congestion and scalability issues, positioning itself as an important project in the ecosystem’s future growth.
Despite the recent downturn in the crypto market, Solana has remained resilient, and Solaxy’s presale is fueling optimism for further price movements. Anticipation is growing around $SOLX’s upcoming debut on decentralized exchanges (DEX), with a potential listing on centralized exchanges (CEX) following shortly.
Unlike some projects that make vague promises about future use cases, Solaxy has a structured roadmap outlining its development plans beyond the initial coin offering (ICO). Solaxy is tackling a well-known challenge in the Solana ecosystem—network congestion. While Solana is known for its speed and low costs, its rising popularity has led to notable slowdowns.
Even with market uncertainty, Solaxy’s ICO is performing strongly. The project is generating between $150,000 and $200,000 per day in contributions and has already raised over $24 million. Currently priced at $0.00165, the $SOLX token continues to attract significant investor interest, demonstrating strong support despite challenging market conditions.
As the crypto market moves towards its next bullish phase, increased demand for Solana’s network could lead to congestion issues. When this happens, the importance of Layer 2 solutions like Solaxy will become even more evident. Investors who enter early in projects addressing scalability concerns could see substantial returns as demand for these solutions grows.
Early investors can acquire $SOLX using ETH, BNB, USDT, or a bank card. Those interested in learning more can explore further details on how to purchase Solaxy tokens.
4. Onyxcoin (XCN)
Onyxcoin (XCN) has remained one of the strongest performers in the crypto market, even during the downturn in mid-to-late January. Over the past 24 hours, its price has climbed by 11.10%, supported by a remarkable 45.87% increase in trading volume.
Since its early days, when it was valued at just a fraction of a cent, Onyxcoin has made significant progress. It has now entered the billion-dollar market cap range, securing a spot among the top 100 cryptocurrencies.
Some analysts, including The Economic Ninja, with a large following of over 547K YouTube subscribers, predict that XCN could reach $0.10 by Q2 of 2025. This would be a huge increase from its current price, offering substantial gains for early investors who bought in at $0.0025.
One of the key factors driving Onyxcoin’s rise is its plan to introduce XCN Ledger, a Layer 3 blockchain built on Arbitrum Orbit. This development will be backed by security from Coinbase’s Base Layer 2, marking a major shift for the project as it moves away from being just another ERC-20 token and towards establishing its blockchain.
Today is the last day to be eligible for $XCN gas refunds for February, the cut off is midnight UTC.
It's also only 3 days until Goliath 👀🤝🔜 pic.twitter.com/NE6npqePqH
— Onyx (@OnyxDAO) February 28, 2025
By leveraging Arbitrum Orbit, Onyxcoin can build a more efficient and customizable blockchain ecosystem while keeping transaction costs low. Unlike traditional Layer 1 and Layer 2 solutions, this approach gives developers and businesses the flexibility to create tailored blockchain applications.
Previously, Ethereum’s high gas fees posed a challenge for Onyxcoin, with the project compensating stakers for high transaction costs. However, transitioning to Layer 3 is expected to reduce these fees, making transactions more cost-effective. With its expanding ecosystem and growing investor confidence, Onyxcoin appears well-positioned for further gains in the months ahead.
5. Forta (FORT)
Forta (FORT) has seen a strong price rally, surging by 9.50% in the last 24 hours and 24.06% over the past week. As of 10:58 a.m. EST, the token is trading at $0.1230, with a 137.39% spike in trading volume, reaching $15 million. The price jump follows the introduction of Forta Firewall, a security solution designed to help rollups and protocols prevent hacks.
Before this rally, Forta had been in a prolonged downtrend, as reflected by its descending channel. However, the formation of a rounded bottom pattern signaled a shift in momentum, allowing the token to break past key resistance levels. This pattern strongly indicates a bullish reversal, suggesting that selling pressure has eased while buying interest is increasing.
FORT has now successfully moved above the 50-day Simple Moving Average (SMA) at $0.0850 and the 200-day SMA at $0.1116. This breakout confirms a bullish trend reversal, indicating that the token is gaining traction among traders.
Meanwhile, the Relative Strength Index (RSI) is at 66.82, showing strong bullish momentum but approaching overbought levels. While it hasn’t yet crossed the 70 mark, which signals overbought conditions, traders should remain cautious of potential short-term corrections before further upward movement.
Forta’s recent breakout from its downtrend and the formation of a rounded bottom reversal pattern suggest continued bullish momentum. The RSI and MACD indicate further upward potential. If the price remains above key moving averages, FORT could soon target $0.14–$0.20. However, if the token fails to maintain support above $0.10–$0.085, it may experience a pullback toward the $0.0520 support zone.
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