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The overall feeling in the market was positive from the close of October 2024 until the beginning of this year. The market was sluggish for a couple of months, but things are starting to look up for altcoins. 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. Curve DAO Token (CRV)
Curve DAO Token (CRV) is making progress with some recent updates that could help the project grow even more. One of the key changes is the introduction of new assets that users can use as collateral to mint crvUSD, the platform’s native stablecoin. These include weETH from EtherFi, cbBTC from Coinbase, and LBTC from Lombard Finance. This change brings more options to the Curve system, giving users more flexibility and possibly encouraging more people to join the platform.
Moreover, Curve received a boost in trust and credibility from LlamaRisk, which confirmed that major DeFi projects, such as Convex Finance, Stake DAO, and Yearn Finance, will continue to support Curve into 2025. This indicates that some of the top names in the decentralized finance space believe in Curve’s future and are eager to support its growth. Their continued support also helps build trust among users who value security and reliability in the cryptocurrency world.
DeFi is inevitable https://t.co/NF5NXkM1aN
— Curve Finance (@CurveFinance) April 16, 2025
When it comes to performance, CRV has gone beyond earlier forecasts. Analysts had predicted it could reach $0.4345 by March 2025, but CRV surpassed that goal. It was also expected to average around $0.4125, which would have delivered a solid 11.22% return on investment. That number has also been beaten.
At the time of writing, CRV is priced at $0.6021, demonstrating a strong 37.85% growth in just one month. It had an earlier target of $0.4623 for April 2025, but has already passed that level. If market conditions remain positive, CRV may continue to rise, offering additional profit opportunities, particularly for early investors.
2. Space ID (ID)
Space ID (ID) is gaining attention due to its mission to establish a comprehensive Web3 name service. It aims to make it easier for users to find, register, trade, and manage blockchain-based domain names from a single, intuitive platform. Space ID helps you create a Web3 identity across different blockchains using its Name SDK and API, whether you’re an individual user or a developer.
In addition, its support for multiple blockchains means users don’t have to worry about dealing with different networks. Whether you’re trying to secure a domain or integrate name services into your dApps, Space ID offers a unified solution that saves time and effort.
At the time of writing, Space ID is priced at $0.1744. Its 24-hour trading volume has increased by 103.35%, showing strong market interest and activity. Its market cap is now $172.62 million, holding a significant 14.25% share in its category. Over the past day, its price has increased by 3.63%, indicating growing investor confidence and momentum.
Another exciting development is Space ID’s new partnership with Story (IP). Together, they’re improving how .ip domains work. With the help of Story Explorer, these domains are now easier to find and transfer. This makes it simpler for users to locate domain names, connect with friends, or move assets by searching.
.zeta domains from @zetablockchain just hit @blockscout
Your wallet? Now comes with a name tag.
Readable. Searchable. On-chain drippable. 💎
Powered by SPACE ID.
The identity layer of on-chain life. https://t.co/VQJH2gy6Bs
— SPACE ID (@SpaceIDProtocol) April 16, 2025
This partnership adds more value to Space ID’s decentralized identity offerings by making .ip domains easier to access and manage. At the same time, it strengthens Story Scan’s position as a key tool for Web3 users. As more people adopt this technology, the demand for Space ID domains is expected to grow, ultimately improving the overall experience for everyone involved.
3. Solaxy (SOLX)
Solaxy is making waves in the crypto space with its ongoing presale, having already raised over $30.2 million. This funding push supports the project’s ambitious goal of launching the first-ever Layer 2 blockchain on the Solana network. Given the consistent congestion Solana has faced during high-demand periods, Solaxy’s timing couldn’t be better.
The project draws inspiration from Ethereum’s playbook by introducing off-chain processing to Solana. By batching and compressing transactions off the main chain before sending them back for final settlement, Solaxy aims to increase throughput and reduce costs, much like Arbitrum or Optimism have done for Ethereum. This solution could be key to unlocking Solana’s next phase of scalability.
These rockets are almost as high as the $SOLX staking rewards! 🚀
Wanna take a peak? 😉🛸https://t.co/mdaTX9aVVx pic.twitter.com/DhjuuayClq
— SOLAXY (@SOLAXYTOKEN) April 17, 2025
What’s more, Solaxy won’t just serve as a scalability fix. It also positions itself as a hub for developers to launch apps and tokens without sacrificing speed or network integrity. The prospect has generated considerable buzz, including from 99Bitcoins, a popular YouTube channel with over 725,000 subscribers, which recently highlighted SOLX as a potential 10x token post-launch.
Investors can purchase SOLX tokens during the presale for just $0.001696. Token holders who stake SOLX are offered a high annual yield of 134%, further enhancing the project’s appeal. Buyers can participate using BNB, ETH, USDT, or even a bank card, but prices are set to rise in the next 6 hours, making early entry even more attractive.
4. Shiba Inu (SHIB)
Shiba Inu (SHIB) remains one of the top choices for short-term cryptocurrency traders, despite its price fluctuations. It’s known for strong liquidity and quick price movements, which makes it appealing to those using fast trading strategies. Social media also plays a significant role in its price changes. For example, when Elon Musk tweeted about owning a Shiba Inu dog, the price increased by almost 300%, demonstrating the power of online buzz.
Unlike many meme coins, SHIB offers more than just hype. It has built its ecosystem, which includes a decentralized exchange called ShibaSwap and additional tokens such as LEASH and BONE. There is also a token incubator program and a partnership with the Shiba Inu Rescue Association, demonstrating that SHIB is committed to its long-term goals.
A recent update to Shibarium, SHIB’s Layer-2 solution, introduced gasless transactions. This means users can complete certain transactions without incurring gas fees, making the network more user-friendly. However, this change also raises questions about the role of the BONE token, as users no longer need it for specific functions.
Shibarium is also testing something called Native NFTs (NNFTs). Inspired by the ERC-404 model, this system enables tokens and NFTs to transition seamlessly. It opens up exciting new options for gaming, DeFi, and digital ownership. If this model succeeds, it could set a new standard in the crypto space.
For anyone considering investing in SHIB, staying up-to-date with the latest updates and social media buzz is crucial. While it’s a risky asset with many ups and downs, its low price makes it attractive to traders seeking to profit from short-term price fluctuations.
5. ApeCoin (APE)
ApeCoin (APE) remains a popular choice among many crypto users due to its numerous applications within the Bored Ape Yacht Club (BAYC) ecosystem. APE serves as a payment token, a voting tool within the ApeCoin DAO, and a means to unlock exclusive content. Its popularity and strong trading activity help it stay relevant in the crypto market.
APE’s price can be volatile, often reacting to big events in the NFT or broader crypto world. Since it’s tied to the BAYC brand, any major news about that collection can affect the price of APE. Due to this, short-term traders frequently attempt to capitalize on price fluctuations through strategies such as scalping or day trading. Long-term investors may need to act soon to benefit from those quick changes.
Right now, APE is trading at $0.4153. Its daily trading volume has increased by 22.79% to $28.81 million, indicating rising interest. The introduction of ApeChain has added more use cases for APE. Now, users can make smooth transactions across ApeChain, Ethereum (ETH), and Arbitrum (ARB). Additionally, holding APE on ApeChain provides users with automatic yield rewards, which contribute to its value over time.
First 24 hours of staking ON APECHAIN is in the books, with over 10M $APE locked up.
The reward pools are comfy:
BAYC – 165% APR
MAYC – 178% APR
BAKC – 155% APRGet in and start earning rewards today. pic.twitter.com/ysJOhHLQKy
— ApeCoin (@apecoin) April 16, 2025
ApeCoin also recently broke out of a downward trend that had held its price back since June 2024. This breakout could signal the start of an upward move, with some analysts suggesting that APE might hold above $1 and target $2 if momentum stays positive. However, some long-term holders may choose to sell, and APE’s future may also depend on how Bitcoin performs in the market.
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