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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. Cheems (CHEEMS)
Cheems Token (CHEEMS) is steadily making a name in the crypto market, particularly within the Solana ecosystem. This digital asset is not just another meme-based token; it is built around an interactive community, philanthropic efforts, and innovative Web3 applications. The project combines online gaming, NFT rewards, and decentralized governance, creating a unique digital experience for investors and players.
A highlight of CHEEMS is its immersive gaming platform, Cheems Arena. This Free-to-Play and Play-to-Earn card game introduces an exciting dynamic where players engage in strategic battles, trade in-game assets, and earn rewards. By merging traditional card games with blockchain incentives, Cheems Arena offers a fresh take on Web3 gaming that attracts casual and competitive players.
Beyond gaming, the Cheemsverse ecosystem provides users with more ways to interact. Through this platform, participants can collect NFTs, earn free CHEEMS tokens, and contribute to the project’s governance via a DAO (Decentralized Autonomous Organization). This integrated approach makes CHEEMS more than just a token—it’s a complete Web3 experience that fosters engagement and growth.
One of the biggest moments for CHEEMS came when Elon Musk’s tweet caused a staggering 90% price surge, bringing newfound attention to the token. This wave of popularity has since contributed to its listing on decentralized exchanges such as Raydium, Orca, and Jupiter, improving accessibility for traders and investors.
At present, CHEEMS is priced at $0.000001716. Over the past 24 hours, the token has seen an 8.23% increase, with an impressive 100.40% growth over the last month. With 16 green days in the past 30 days, it continues outperforming many of its peers in the Solana ecosystem, positioning itself as a promising asset for future growth.
2. Jasmy (JASMY)
JasmyCoin (JASMY) shows strong signs of an upcoming bullish breakout as recent technical indicators hint at a potential price surge. Market trends suggest that a rally could be imminent if JASMY overcomes key resistance levels, positioning itself as an asset to watch in the near term.
Since reaching a peak of $0.059 on December 6, JASMY has been trading within a falling wedge pattern. This gradual decline lowered the price to $0.011, aligning with a support level where buyers have begun accumulating. Such patterns often indicate a reversal, which could lead to an upward breakout.
Currently priced at $0.01140, JASMY tests the wedge’s upper boundary. If the token successfully breaks through and establishes support, it could challenge the 50-day moving average (MA) as its first resistance. A push toward the $0.025 mark could follow if it maintains momentum, reflecting a potential upside of over 95% from its present price.
In an ideal scenario, JASMY would breach the $0.020 threshold, triggering a rapid upward movement. If this occurs with increasing trading volume, it would signal strong bullish confirmation. However, if the price fails to sustain a breakout, it may retest support at $0.017. A deeper breakdown below this level could reignite bearish pressure, delaying immediate recovery.
3. Solaxy (SOLX)
Solaxy is emerging as the next big evolution in the Solana ecosystem. It offers a solution to the network’s congestion issues through off-chain processing mechanisms. Inspired by the success of Ethereum’s layer-2 solutions like Arbitrum and Optimism, Solaxy enhances scalability by bundling transactions off-chain before finalizing them on Solana’s mainnet.
This approach improves efficiency, reduces congestion, and speeds up transactions, making Solana’s network smoother for users and developers. Investors already show strong confidence in the project, pushing its presale past $28.7 million.
Beyond solving congestion, Solaxy provides a platform for developers to build decentralized applications (dApps) and launch tokens without affecting Solana’s core performance. It also offers an attractive staking program, where SOLX holders can earn an impressive 142% annual yield.
Solaxy is for the people 🔥
Speed, Scalability and Security for all. $SOLX 🛸🪐https://t.co/mdaTX9aVVx pic.twitter.com/UBBa4b7rJa
— SOLAXY (@SOLAXYTOKEN) April 1, 2025
Currently, SOLX is priced at $0.00168 and can be purchased using BNB, ETH, USDT, or a bank card. With less than nine hours until the next price increase, investors looking for early entry may want to secure their tokens before the presale price goes up.
4. THORChain (RUNE)
Despite past challenges, including security breaches from two years ago, THORChain has demonstrated resilience and consistent progress. The project’s native token, RUNE, is trading at $1.20, reflecting an 8.34% increase in the past 24 hours. This renewed upward movement hints at potential long-term growth as the platform strengthens its position within decentralized finance (DeFi).
Market analysts are optimistic about RUNE’s future, with price forecasts suggesting a potential surge to $6.12—a 365% increase from its current level. By the end of 2025, conservative estimates place RUNE’s lowest valuation at $5.42, while the average prediction is $5.66. A maximum price target of $9.68 remains within reach, with projected levels between $7.92 and $8.14.
One key reason for this confidence is THORChain’s expanding liquidity. The platform witnessed a 71% rise in liquidity fees last year, signaling an emerging breakout from prior consolidation phases. This surge was primarily driven by increased Layer 1 (L1) swap fees, which saw liquidity fees surpass $500,000 and peak at $744,800. Despite an increase in minimum L1 swap fees to 0.15%, daily trading volume remained stable at $30.8 million, reflecting strong user activity.
THORChain Q1-2025 Highlights:
A record-breaking quarter! @THORChain collected $14.34M in liquidity fees (+31% from Q4-2024), the highest ever. Sustainability meets growth.
Total swap volume hit $15.5B (+17%).
Details below! 🧵👇 pic.twitter.com/ba2DPvhOA4— BlockTracker (@block_tracker21) March 31, 2025
Additionally, THORChain’s governance has taken steps to resolve a $200 million debt issue through Proposal 6. This initiative involves converting defaulted debt into TCY (Thorchain Yield) equity tokens, allowing the project to recover without external funding. The issuance of 200 million TCY tokens will compensate affected users at a 1:1 ratio per dollar of defaulted debt, with token holders receiving 10% of protocol fees indefinitely. This approach is expected to stabilize the ecosystem and incentivize long-term participation.
5. Jito (JTO)
Jito (JTO) has rapidly gained traction within the Solana blockchain, especially following its high-profile airdrop in December 2023. This event introduced the project to a broader audience and reinforced the significance of liquid staking on Solana. Additionally, JTO now plays a crucial role in governance, allowing token holders to shape the platform’s future through decentralized decision-making.
For users invested in Solana’s ecosystem, Jito offers an attractive opportunity to engage with one of the network’s leading liquid staking protocols. As a governance token, JTO enables active participation in staking and DeFi activities, strengthening the project’s utility and adoption.
Over the past year, JTO has fluctuated between $1.851 and $4.89, indicating a stable balance between buyers and sellers. Currently, the token is trading at $2.37, maintaining an upward trajectory while staying above its 10-day moving average of $2.323. A stronger rally could follow if JTO can surpass its next resistance level at $4.57.
Recent trading activity has been notable. JTO experienced a 9.84% price increase within the past 24 hours, bringing its value to $2.37. Furthermore, its 24-hour trading volume has skyrocketed by 188.72%, reaching $88.21 million, signaling heightened investor interest.
hello guys and gals it's intern.
you know ladies and gentlemen..
..JitoSOL TVL is at 17,169,195 staked $SOL, Jito (Re)staking TVL is at $212,187,145 and TipRouter has distributed $350,342 in rewards back to stakers since launch.
🧵 👇️ pic.twitter.com/8XGF4hsfDL
— Jito (@jito_sol) March 31, 2025
Looking ahead, JTO has the potential to reach its secondary resistance at $4.72, representing a nearly 99% increase from its current price. While the token has seen a modest 2.00% decline in the past month, its year-over-year growth exceeding 50% suggests long-term strength. Should buyer confidence continue to build, Jito could experience a sustained upward movement shortly.
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