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Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. However, identifying cryptocurrencies with explosive potential might take some work as most funds are attracted to pumping assets.
Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.
Next Cryptocurrency To Explode
It’s that time in the market when investors and traders take a position to either edge their gains or capitalize on emerging trends. Experts believe investors have a better chance of finding the next cryptocurrency to explode among upcoming crypto projects. Therefore, investors should consider Best Wallet’s $BEST Token. Users can stake their BEST tokens and earn a massive 352% annual return, a standout feature in crypto. Updates on the project and its prospects are shared below.
1. BinaryX (BNX)
BinaryX has been one of the standout performers in the altcoin market, showing impressive growth across daily, weekly, monthly, and yearly timeframes. Last year, in October 2024, the token faced a bearish phase, struggling to gain momentum. However, this year has been different, with the token surging by 96.53% in the past month and currently trading at $0.7242.
Even with a 30% drop in trading volume over the past 24 hours, BinaryX’s market cap has climbed by 32.58%, reaching $270.39 million at the time of writing. This upward movement has fueled optimism among analysts, with some predicting continued growth for BNX.
For the token to maintain its bullish momentum, it must break past its resistance and turn it into a support level. Based on current chart trends, BNX could reach $1.5 and potentially climb to $1.9.
As a major force in the GameFi sector, BinaryX is pushing for a new era in blockchain gaming by creating sustainable economic models and immersive experiences. Built on Binance Smart Chain as a BEP-20 token, BNX benefits from high security, backed by a Certik audit score of 83.
Despite its low price compared to major cryptocurrencies, BinaryX has consistently delivered strong performance. The token has skyrocketed by 320.56% in recent weeks and 156% over the past year, outperforming 81% of the top 100 cryptocurrencies. With the GameFi market expanding, BNX remains an intriguing option for investors looking for long-term growth.
2. Axie Infinity (AXS)
Axie Infinity has continued to be a dominant player in the crypto space, offering strong returns since its launch. The token’s return on investment (ROI) stands at an impressive 2,362.79%, attracting significant interest from investors wondering if now is the right time to buy before prices climb higher.
In the past week, AXS has surged by 10.44%, with its 24-hour trading volume rising by 28.06% to $42.09 million. Moreover, the token is nearing a breakout from its triangle pattern, signaling increased bullish sentiment. The Relative Strength Index (RSI) is also rising toward the overbought zone, indicating growing buyer demand.
Currently trading at $4.43, AXS is approaching the upper resistance of its falling wedge. It recently established strong support around $4.263, marking the lower boundary of the pattern. If the token successfully breaks out and confirms support with a retest, it could push past the 25-day Simple Moving Average (SMA). A clean move above this level could see AXS climbing to $5.78, representing a potential 30.47% increase from its current price.
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Technical indicators suggest further bullish momentum. The Moving Average Convergence Divergence (MACD) indicator shows signs of a possible crossover, hinting at additional gains. Furthermore, the rising trading volume signals growing interest from buyers as AXS nears a critical resistance zone.
3. Best Wallet Token (BEST)
Best Wallet is quickly becoming a major player in the Web3 wallet industry, with its presale crossing the $9.5 million mark. This milestone reflects strong investor confidence fueled by the platform’s standout features, particularly the “Upcoming Tokens” project screener. This tool gained widespread attention after identifying Pepe Unchained ($PEPU) last year, a token that has since delivered remarkable gains for early investors.
Investors who followed Best Wallet’s early recommendation and held onto the PEPU token have seen even greater returns, with gains reaching 203% as of January 2. With growing trust in Best Wallet, the project has secured an extra $500,000 in funding over the last five days, pushing the presale even higher.
Early investors can purchase $BEST at $0.02395 per token, but this opportunity won’t last long. The current presale round is set to close in less than 36 hours, after which the price will rise as the project advances. Best Wallet supports over 200 decentralized protocols and 20 cross-chain bridges, ensuring users get the best transaction rates. This broad compatibility makes it a strong competitor in the crypto wallet space.
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Looking beyond the presale, Best Wallet aims to make crypto adoption more accessible. By holding $BEST, investors support an innovative Web3 wallet and position themselves for potential future growth.
Buying $BEST is a straightforward process. Users can purchase the token directly through the Best Wallet website by connecting their crypto wallets and using a simple widget. Alternatively, the Best Wallet app offers an even easier option, allowing users to buy $BEST with a bank card or by swapping ETH or USDT.
4. Qtum (QTUM)
Qtum has been making steady gains, priced at $3.38 after a 20.14% surge in the past 24 hours. Over the last month, the token has climbed by 5.85%, while the past week saw a slight increase of 0.07%. Trading activity remains strong, with a 24-hour volume of $249.74 million and a market cap reaching $356.93 million, reflecting the same 20.14% increase.
The token is trading 11.18% above its 200-day simple moving average (SMA) of $3.09, suggesting strong long-term momentum. In the past month, Qtum has recorded 16 positive trading days out of 30, showing moderate price consistency.
Liquidity levels indicate significant trading activity, with a volume-to-market cap ratio of 1.4616. Qtum maintains a controlled inflation rate of 0.39%, well below the commonly accepted 2% stability threshold, ensuring a predictable supply increase. The Relative Strength Index (RSI) sits at 49.41, placing Qtum in neutral territory, meaning it is neither overbought nor oversold.
This suggests the possibility of sideways movement in the short term. However, market forecasts predict that Qtum’s price could rise by 14.90%, potentially reaching $3.88 by early March.
5. Movement (MOVE)
Movement ($MOVE) has been gaining attention since its launch on December 9. While the token initially struggled due to overall weakness in the altcoin market, it has recently shown signs of strength. Over the past 24 hours, MOVE has gained 4.56%, signaling the potential beginning of a new bullish trend. Currently priced at $0.5582, the token is on the verge of breaking out from a classic cup-and-handle pattern, a formation that often indicates further price growth.
At its peak today, MOVE hit an intraday high of $0.5794 and closed with a market cap of nearly $1.35 billion. This surge was accompanied by a significant rise in trading volume, which increased by 34.38% to surpass $158 million. The growing interest from traders has placed MOVE among the top gainers within the 100 largest cryptocurrencies.
One of the key drivers behind MOVE’s momentum is its recent partnership with BitGo, a well-known digital asset custody and security provider. Through this collaboration, Wrapped Bitcoin (WBTC) will be introduced to Movement’s mainnet, expanding its decentralized finance (DeFi) ecosystem. This integration aims to provide more asset utilization opportunities, improved liquidity, and increased engagement in DeFi services.
Moreover, the launch of Movement’s mainnet two weeks ago has further fueled interest in the project. As an Ethereum layer-2 network powered by MoveVM, Movement distributed some MOVE tokens to early adopters and community members, generating excitement around its growth.
While the setup looks favorable for MOVE, traders should remain cautious. If the token fails to break through its current resistance level, it could face a short-term pullback, potentially finding support around $0.83. However, if it successfully pushes past this barrier, MOVE could continue its upward momentum.
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