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The overall feeling in the market has been positive since the close of October 2024. Last month, Bitcoin (BTC) rose above its all-time high and surpassed the 100K mark. Eventually, it fell to $93.5K and rose to $98.9K 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. Artificial Superintelligence Alliance (FET)
FET has solidified its position as a standout performer in the crypto-AI sector, gaining significant attention after a 19.69% price surge over the past week. Moreover, the token continues to show potential for further growth, with its daily chart forming a bullish price action pattern. In the last 24 hours, FET’s price increased by 7.40%, reaching $1.58, while its trading volume spiked by an impressive 92.42% to hit $378.32 million, according to CoinMarketCap.
Since early August 2024, FET consolidated around the $0.89 range. However, bullish momentum propelled it to $1.33 within a week before encountering resistance and undergoing a slight correction. Interestingly, this correction formed a rounding top pattern, a technical indicator that suggests the possibility of continued upward momentum.
In August, an investor showcased confidence in FET by swapping 255.62 billion Shiba Inu (SHIB) tokens (valued at $3.5 million) for 3.114 million FET after experiencing a 45.9% loss on SHIB. This bold decision underscores growing trust in FET’s potential. If the current rally persists, FET could break past the $1.46 resistance, potentially reaching the $1.72 to $1.85 range in the near term.
2024: An Unstoppable Year for https://t.co/kJ9URVpOul 🔥💪
As the demand for decentralized AI escalates across the crypto and tech sectors, https://t.co/kJ9URVpOul has proven itself a leading force in driving innovation…ICYMI lets recap the phenomenal year for us 🧵👇
Over…
— Fetch.ai (@Fetch_ai) January 3, 2025
On today’s 4-hour chart, FET is trading above the 200 Simple Moving Average (SMA), further confirming its bullish trend. Additionally, the token faces immediate resistance at $1.48 (50 SMA), and sustained buying pressure could help it break through this level. Furthermore, the Relative Strength Index (RSI) is trending upward at 53, indicating steady demand and ongoing interest from traders.
2. Flow (FLOW)
Flow (FLOW) has emerged as the top gainer among the top 100 cryptocurrencies by market cap, recording a daily increase of 2.18%. Currently priced at $0.8094, FLOW has also seen its trading volume rise by 35.20% to approximately $85 million. Moreover, its market capitalization has grown to $1.25 billion, reflecting increasing interest in this blockchain platform.
Dapper Labs developed Flow, a Layer-1 blockchain for decentralized applications (dApps) and digital assets. The platform focuses on performance and user-friendliness, delivering scalability without compromising decentralization. This approach supports developers in creating secure and efficient smart contracts, driving innovation in the decentralized space.
FLOW plays a vital role within its ecosystem, serving as a means to pay transaction fees, stake tokens, and participate in network governance. As the number of dApps and users on Flow grows, so does the demand for FLOW, influencing its price and utility.
Despite its progress, FLOW remains 98.24% below its all-time high of $46.16, recorded on April 5. However, recent developments highlight its potential for recovery and growth. On July 24, Flowverse, a discovery hub and NFT marketplace for the Flow blockchain, announced that OKX Australia had listed Flow on their exchange.
The Flow network also boasts 3,500 contracts, and Flowverse has introduced a new open-source category. These advancements signal a bright future for the platform and its ecosystem.
3. Solaxy (SOLX)
Solaxy (SOLX) is gaining traction as a promising cryptocurrency project, successfully raising $8.6 million during its presale. Focused on enhancing the Solana blockchain, Solaxy utilizes Layer 2 roll-up technology to address transaction bottlenecks, offering faster, smoother, and more cost-effective transactions. This approach appeals to users across Ethereum and Solana ecosystems, highlighting its potential to tackle issues like network congestion and failed transactions.
The project’s strong visual branding and market strategy have drawn significant attention, boosting its appeal to a broad audience. Currently, $SOLX tokens are available during the presale for $0.001592, though the price is set to increase soon. Users can purchase tokens using ETH, USDT, BNB, or a card with wallet support, including MetaMask.
Purchases must be made on the Ethereum network to qualify for the 419% annual staking rewards, as tokens bought through the BSC network are not eligible. Solaxy has already made waves, with over 2 billion $SOLX tokens staked since the presale began, showcasing its strong community support and investor interest.
As the demand for Layer 2 solutions grows, Solaxy’s innovative approach and strategic positioning make it a standout project in 2025. With its potential to significantly improve blockchain efficiency and offer substantial rewards to early adopters, Solaxy is undoubtedly worth watching. For more details or to participate in the $SOLX token presale, visit solaxy.io.
4. Osmosis (OSMO)
Osmosis (OSMO) has captured attention with a notable 24.61% price surge in the last 24 hours, now trading at $0.6046. This short-term rise reflects growing optimism in the market, supported by a bullish sentiment and an Extreme Greed rating (76) on the Fear & Greed Index.
Looking ahead, January appears promising for OSMO. Predictions suggest the token could trade between $1.841221 and $2.62, reflecting a significant increase of 333.34% from today’s price. Based on an estimated average of $2.29, investors stand to gain as much as 278.76% if the token reaches these projected levels.
Adding to the excitement, Osmosis has introduced the ProtoRev Burn Project, a bold initiative designed to enhance the value of its native token, $OSMO. Developed in collaboration with the Skip Protocol, ProtoRev focuses on reducing the circulating supply of $OSMO tokens.
The Burn continues 🔥
ProtoRev, governance approved + built by @SkipProtocol, accumulates OSMO, ATOM, and USDC through arbitrage on Osmosis. The OSMO collected daily is burned and removed from the circulating supply.
Over 2.2 million OSMO tokens have been burned so far 🧪 pic.twitter.com/OaEsLtot0U
— Osmosis 🧪 (@osmosiszone) January 2, 2025
So far, the project has achieved remarkable results, burning over 2.2 million $OSMO tokens. This accomplishment marks a key milestone for Osmosis and contributes to the token’s economic stability and long-term value.
5. Bio Protocol (BIO)
The BIO Protocol is making waves as a revolutionary financial layer in the decentralized science (DeSci). Designed to speed up the commercialization of groundbreaking scientific research, BIO is a platform where anyone can fund, develop, and govern tokenized scientific intellectual properties (IPs) from universities, companies, and researchers worldwide.
According to its official website, the project aims to drive biotech innovation through decentralized funding and coordination, earning it the title of a “gateway drug” to DeSci.
The BIO token is priced at $0.7365, reflecting a 7.22% increase over the past 24 hours. The market cap has also risen by 7.22%, reaching $954.84 million, while the trading volume surged by 23.40% to $562.36 million. Impressively, BIO is trading 501,337.99% above its 200-day Simple Moving Average (SMA) of $0.000146, highlighting its remarkable growth since its launch.
DeSci season is here 🌱
Upcoming projects to watch out for on BIO in January:@QuantumBioDAO – raised $6.8m+ for funding and developing Quantum Biology research; TGE going live soon@longcovidlabs – accelerating a cure for the 100M+ Long COVID patients globally; coming soon on… pic.twitter.com/xkA46o1axa
— BIO Protocol (@bioprotocol) January 5, 2025
Despite these impressive figures, BIO’s current price prediction sentiment remains bearish. However, the Fear & Greed Index indicates a 76 (Greed) score, reflecting increased transaction activity and growing market optimism about a potential uptrend.
Adding to its momentum, Binance recently introduced BIO Protocol as its 63rd project on Launchpool, a platform designed to support innovative projects in emerging fields like DeSci. The farming period for BIO began on December 24. It ran until January 2, 2025, allowing Binance users to stake tokens and earn rewards by participating in this groundbreaking initiative.
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