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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. The Root Network (ROOT)
The Root Network is redefining the blockchain landscape as an innovative Layer 1 solution tailored for the open metaverse. By enabling seamless digital asset movement across metaverse ecosystems, it focuses on interoperability and enhancing user experiences. This strategic approach positions the network as a key player in advancing metaverse technology.
Currently, ROOT is priced at $0.02697, reflecting a 7.28% gain over the past 24 hours. Its market capitalization has also risen by over 7%, reaching $39.02 million. Investor confidence in the token is strong, as reflected by a Fear & Greed Index score of 62 (Greed), indicating growing transaction activity and a potential for further uptrends.
The Root Network stands out for simplifying Web3 experiences. Its tools empower developers to create content-rich applications without the need for coding smart contracts, significantly reducing barriers to entry. Moreover, its rewards system incentivizes active participation by redistributing fees from network activities to validators and supporters, fostering a thriving and engaged community.
It's time to celebrate the migration of @MINEWARZ_TEAM to The Root Network! 💥
Give them a warm welcome by:
1️⃣ Following @MINEWARZ_TEAM on X.
2️⃣ Submitting your wallet address holding $ROOT plus your MINE WARZ account and nickname via the Google Form for a chance to win 100… https://t.co/IOPXc9Rgor— The Root Network (@TheRootNetwork) January 6, 2025
ROOT’s fundamentals suggest promising growth opportunities. If the network secures strategic partnerships, analysts predict its price could surpass $0.52 by February. In a bullish scenario, ROOT’s average price might reach $0.19 by Q2, while adverse market conditions could see it drop to $0.0099.
With its commitment to enhancing interoperability, simplifying Web3 development, and incentivizing community participation, the Root Network is well-positioned to lead in the evolving metaverse space.
2. Xterio (XTER)
Xterio is making waves as a global game developer and publisher with a bold vision for the future of gaming. The project focuses on creating multiplayer games that offer deep and engaging experiences across multiple genres, enhanced by player ownership and Web3 technology. Its goal is to build Web3-native universes that extend seamlessly across media and platforms, showcasing its commitment to innovation.
The project has already secured substantial support, raising over $80 million from high-profile investors like Binance Labs, Makers Fund, DST Global, and a network of more than 70 partners. This robust backing highlights the confidence in Xterio’s potential to shape the future of GameFi.
🚨 Here are the details of the 2% $XTER ecosystem allocation! 🚨
🚀 1% of $XTER (10,000,000 tokens) will be distributed to Dinosty NFT holders! 🎉
🔹 Airdrop based on your NFT holdings, with a snapshot 36 hours post-announcement.
🔹 1,550,898 $XTER from our treasury's 777 NFTs…— Xterio (@XterioGames) January 10, 2025
Adding to its momentum, Xterio was announced as the latest major Launchpad project on Bybit on December 31, 2024. The Launchpad initiative offered 7,500,000 XTER tokens as rewards, giving users two opportunities to participate: subscribing to the token by January 7 and completing simple tasks to unlock additional prize pools following its Spot listing on January 8. This dual-stage approach created excitement and encouraged engagement among the crypto community.
Currently, XTER is priced at $0.4102, reflecting a 3.07% increase in the last 24 hours. Its high liquidity, marked by a 1.3124 volume-to-market cap ratio, signals active trading and strong market interest. Looking ahead, Xterio’s solid fundamentals and growing community support position it for significant growth. Analysts suggest that if the project secures major partnerships, XTER’s price could rise above $2.52 by the end of 2025.
3. Best Wallet Token (BEST)
Best Wallet ($BEST) is turning heads in the crypto market, reaching an impressive milestone by raising $6.9 million during its presale for a cross-chain Web3 wallet. Despite challenging market conditions in December 2024, $BEST has displayed remarkable resilience, attracting daily inflows exceeding $100,000. This consistent growth reflects strong investor trust in the project’s long-term potential.
To enhance its appeal, Best Wallet has introduced an engaging airdrop campaign, rewarding users for their participation. By completing daily and seasonal quests, joining the active community on X (formerly Twitter), and referring others, users can earn $BEST tokens. The referral program also provides passive rewards, creating opportunities for both new and existing investors to grow their holdings effortlessly.
Getting started with Best Wallet is straightforward. Investors can visit the official website to connect their crypto wallets and purchase tokens using ETH, USDT, or BNB. For added convenience, the Best Wallet app—available on Google Play and the Apple App Store—enables users to buy $BEST directly with fiat or crypto for $0.023575. The app also integrates seamlessly with existing wallets like MetaMask, making it easy for users to manage their assets securely in one place.
What truly sets $BEST apart is its generous staking rewards, offering an impressive 352% APY. Over 75 million $BEST tokens have already been staked, underscoring strong community trust and commitment to the project. Investors can start earning additional tokens immediately, adding significant value to their investment.
4. Internet Computer (ICP)
Over the past 24 hours, Internet Computer (ICP) has gained 2.66%, reaching a trading price of $10.45. Although it faced a 12.26% weekly decline, the token has drawn attention from traders and investors, showcasing signs of recovery.
ICP has demonstrated resilience by holding strong at the $10 support level, which has been crucial in its recent upward movement. Following a breakout from a falling wedge pattern, this support has laid the groundwork for potential growth. Analysts believe that if ICP surpasses the $11.95 resistance, it could unlock further gains with targets set at $13.75, $15.50, and $18.80. This indicates a promising outlook for the token.
One of the standout features fueling Internet Computer’s momentum is its integration with Bitcoin. This partnership enables developers to create applications on ICP while leveraging Bitcoin’s robust security, adding significant value to the platform.
Moreover, the DFINITY Foundation, the organization behind Internet Computer, recently released its 2024 Ecosystem Report, highlighting substantial progress in cross-chain technology through the Chain Fusion protocol. Over the past year, activity on Chain Fusion has surged by an impressive 1,230%, emphasizing the protocol’s growing importance.
Check your inbox for the first 2025 edition of ICP News 📨
🤖 The Self-writing Internet
🇨🇭 World Computer Day at Davos
🎥 World Computer Show
🗳 Governance on ICP🖇️ https://t.co/6hqIvkD6o0 pic.twitter.com/K7wAjOeb7M
— DFINITY (@dfinity) January 11, 2025
The Chain Fusion protocol allows seamless interactions between smart contracts and various blockchain networks, providing developers with tools to build advanced multi-chain applications. With a staggering 2,040% increase in message processing, this protocol is becoming a vital component of ICP’s ecosystem, reflecting a rising demand for cross-chain solutions.
5. Hyperliquid (HYPE)
Hyperliquid (HYPE) has made a powerful impression since its launch via an airdrop on November 29. The token has experienced impressive growth, surging by over 95.36% from its initial listing price of $11. Although it has faced minor losses on the recent weekly chart, HYPE is currently trading at $21.49, showcasing resilience and maintaining strong momentum. Its market capitalization now stands at $7.17 billion, with a fully diluted valuation of $21.49 billion.
A significant factor behind Hyperliquid’s success is its dominance in the decentralized perpetual trading sector. According to DeFi Llama, the platform achieved an astounding $52 billion in perpetual futures trading volume within a single week. This figure far outpaces its closest competitor, Jupiter, which managed $8.7 billion. Additionally, Hyperliquid’s total value locked (TVL) has skyrocketed to $3.4 billion, a dramatic increase from $188 million recorded in October.
On the technical side, Hyperliquid is approaching a key resistance level at $24.80, which aligns with its all-time high and forms the upper boundary of an ascending triangle pattern. A breakout above this level could drive further gains, potentially pushing the token’s price to $30 or higher. This technical setup reinforces the token’s bullish outlook.
Hyperliquid started 2024 as a barely-known perp dex and ended the year as one of the largest decentralized financial hubs, processing billions in volume per day with a thriving ecosystem of builders, traders, and community members.
Thank you to everyone who came together for a… pic.twitter.com/GgmlsiW4mg
— Hyperliquid (@HyperliquidX) January 7, 2025
Hyperliquid has also expanded its ecosystem by launching staking on its mainnet. This feature allows HYPE token holders to stake their tokens, helping to secure the network and validate new blocks. Similar to other proof-of-stake systems, validators are selected based on the amount of HYPE staked, enabling participants to earn rewards while supporting the platform’s security and decentralization.
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