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The overall feeling in the market was positive from the close of October 2024 until the beginning of this year, but things have been sluggish for the past month. 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. Wrapped Fantom (WFTM)
Fantom is a blockchain network designed to solve scalability issues in existing distributed ledger technologies. Its unique DAG-based structure ensures fast and efficient transactions, making it a strong contender in the smart contract space. Wrapped Fantom (WFTM) is the Ethereum-compatible version of Fantom’s native FTM token, allowing it to function within the decentralized finance (DeFi) ecosystem. This enables seamless interactions with Ethereum-based DeFi platforms, expanding its usability.
Wrapped tokens like WFTM mirror the value of their original assets on different blockchains, ensuring broader accessibility. By bridging Fantom’s technology with Ethereum, WFTM allows users to benefit from both ecosystems without limitations.
At the time of writing, WFTM is priced at $0.4288, reflecting a 4.63% increase over the past month. While this growth is modest, it highlights the token’s steady performance. Its market capitalization has reached $953.58 million, with a 24-hour trading volume of $349.41 thousand.
Despite its solid fundamentals, market sentiment remains bearish, influenced by the Fear & Greed Index at 34, which signals fear among investors. However, Fantom’s strong community and potential collaborations with other networks could drive future growth. WFTM could surpass $3.52 by 2024 if the project secures strategic partnerships.
A bullish market trend could maintain an average price of $3.19, while a downturn might push it down to $2.99. Investors are closely monitoring how market trends develop as Fantom continues to build on its technology and adoption.
2. Pepe (PEPE)
Pepe (PEPE), one of the most well-known meme coins, has faced a sharp 32.85% drop in the past month. Despite this downturn, some major investors see the dip as a chance to accumulate more tokens, believing in its long-term potential. Over the past year, PEPE has outperformed more than half of the top 100 cryptocurrencies, proving its resilience in the market.
Currently ranked as the third-largest meme coin and 32nd in overall market capitalization, PEPE has seen price swings but maintains an upward trajectory over time. However, one primary concern is that it’s now trading 55.00% below its 200-day Simple Moving Average (SMA), which suggests mixed signals. While this indicates ongoing bullish momentum, it also highlights uncertainty in the market.
Despite the price drop, PEPE still enjoys high trading volumes, showing that interest in the token remains strong. However, social engagement has declined significantly since December, with fewer discussions and online interactions. If this continues, PEPE could struggle to regain previous price levels.
For PEPE to recover, bullish traders must hold key support levels in the coming weeks. If buying pressure increases, PEPE could break past $0.000007, potentially setting the stage for a comeback. However, its future depends mainly on overall market sentiment and whether it can regain lost momentum. Investors are watching closely to see if PEPE can turn things around.
3. Solaxy (SOLX)
Investor interest in Solaxy ($SOLX) is surging, with presale funding surpassing $25.95 million just hours before an upcoming price increase. Currently priced at $0.00166, the token is quickly gaining traction as buyers rush to secure it before the presale stage closes in the next 5 hours.
This momentum comes as Solana validators prepare to vote on two major network upgrades, known as Solana Improvement Documents (SIMDs). These upgrades aim to enhance network stability and align closely with Solaxy’s mission to improve Solana’s efficiency during peak traffic.
Although Solana can handle significantly more transactions per second than payment giants like Mastercard and Visa, it has struggled with congestion issues during high-traffic events. A recent example was in January when the launch of Donald Trump’s meme coins caused network slowdowns.
To help address these issues, Solaxy’s rollup infrastructure has introduced key optimizations that are now fully functional. These improvements offer faster transactions, reduced fees, and better on-chain data storage, all designed to maintain Solana’s stability when demand spikes.
$SOLX is looking mighty fine today 😉
Want a piece of the next big thing? 🔥https://t.co/mdaTX9aVVx pic.twitter.com/HB5idYEGfa
— SOLAXY (@SOLAXYTOKEN) March 11, 2025
As Solaxy reaches new funding milestones, the opportunity to invest early in Solana’s first Layer-2 chain is quickly fading. If the project continues on its current trajectory, Solana could become significantly more scalable and reliable, reducing network outages while positioning $SOLX holders for substantial potential gains.
4. Ronin (RON)
Ronin is a blockchain network designed to tackle Ethereum’s high fees and slow transactions. It offers a faster and more cost-effective solution for blockchain gaming. By improving efficiency, Ronin has become a top choice for game developers and players looking for seamless interactions with decentralized applications.
One of Ronin’s most impressive features is its ability to process up to 100,000 transactions per second. This, combined with its shift from Proof of Authority (PoA) to Delegated Proof of Stake (DPoS), enhances speed and security. As a result, users can enjoy smooth gameplay without expensive fees or long delays.
Ronin’s native token, RON, has shown strong performance in the crypto market. Currently priced at $0.8088, it has gained 12.71% in the last 24 hours, reflecting growing confidence in the network. RON reached its highest price of $4.46 on March 26, 2024, while its lowest recorded value was $0.00004011 on March 13, 2020. Despite market fluctuations, RON has remained resilient, stabilizing price movements between $1.54 and $2.16 post-peak.
Ronin is also expanding its ecosystem by introducing Tama Meme, a new meme coin launchpad developed by Moku with support from Sky Mavis. As part of “Operation Leviosa,” this platform enables users to create custom tokens effortlessly, similar to Solana’s Pump.fun. For a fee of 1 RON (approximately $1.65), users can generate tokens by selecting an image, ticker, and name.
Ronin Market Updates are LIVE!
More options for NFT tradooors ⚔️
• Connect with other wallets including Metamask
• Switch between three new view modes
• Create a collections watchlist (coming soon)Go to Ronin Market 👇
Here’s what’s new 🧵👇 pic.twitter.com/a5QthTBqF1
— Ronin (@Ronin_Network) March 12, 2025
These newly created tokens follow a bonding curve mechanism, increasing in value with each purchase. Once a token reaches a certain threshold, it becomes available for trading on Katana, Ronin’s decentralized exchange. With ongoing innovations and ecosystem growth, Ronin continues to strengthen its position in the blockchain gaming space.
5. Shiba Inu (SHIB)
Unlike many meme coins, Shiba Inu has developed a complete ecosystem featuring its decentralized exchange, ShibaSwap, and additional tokens like LEASH and BONE. It has also launched an incubator program and collaborated with the Shiba Inu Rescue Association, proving it is more than a hype-driven asset.
A significant update to Shibarium, Shiba Inu’s Layer-2 solution, has introduced gasless transactions. This allows users to perform certain transactions without paying gas fees, making the network more accessible. However, this change raises questions about the role of BONE within the ecosystem, as it removes the need for the token in some transactions.
Despite its volatility, SHIB remains a favorite among short-term traders due to its strong liquidity and responsiveness to social media trends. Elon Musk’s influence has played a crucial role in its past price surges—one tweet about owning a Shiba Inu dog caused SHIB’s value to jump nearly 300%, highlighting the power of social signals in the crypto market.
To celebrate International Women’s Month, fierce femme fatales have finally joined the fight! 💃🐶💥@Sheboshis are now on Agent Shiboshi. Import your Sheboshi NFTs now & join the mission to hunt down shadowcats!
🔫 Play Now: https://t.co/hzBGrzFr9F pic.twitter.com/0sM6PZ5q5T
— PlayWithShib (@playwithshib) March 10, 2025
Shibarium is also exploring Native NFTs (NNFTs), a new tokenization model inspired by ERC-404. This hybrid approach allows seamless conversion between tokens and NFTs, opening up new possibilities in gaming, decentralized finance (DeFi), and digital ownership. If successful, NNFTs will become a trend in blockchain technology.
For those considering SHIB as an investment, staying informed about its ecosystem developments and social media activity is crucial. While it remains a highly speculative asset, its low price makes it attractive for traders using scalping strategies to capitalize on short-term price swings.
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