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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. Jasmy (JASMY)
JasmyCoin ($JASMY) is catching attention with signs of a possible price surge. The charts are showing positive signals, hinting at a strong upward move. If Jasmy can push past critical price barriers, it might stand out as a top cryptocurrency in the coming weeks.
In December 2023, Jasmy hit a high of $0.059 but then entered a downward pattern, dropping to $0.011. At that point, buyers started jumping in, which often means a price could flip upward. Currently, Jasmy is trading at around $0.01723, up over 64% in the last month, and it’s testing the top of this pattern. The next test is the 50-day average price if it breaks through and stays solid. With enough energy, Jasmy could reach $0.025.
In an ideal scenario, Jasmy could soar past $0.020, sparking a big rally, especially if trading activity picks up. However, if it fails to hold this breakout, the price might slip back to $0.017. A bigger drop below that could bring back doubts and slow any recovery.
2. FTX Token (FTT)
FTX Token ($FTT) has shown incredible strength, bouncing back after the major collapse of the FTX exchange. Many wrote it off, but FTT has surprised everyone, doing better than several other cryptocurrencies. It’s now trading at $1.12, with a 17.30% jump in the last 24 hours and a 12.28% rise over the past week.
The plan to distribute over $16 billion to former FTX customers and creditors is a key driver of this comeback. As the bankruptcy case gets closer to finishing, investors are gaining confidence, pushing FTT’s price up. If this continues, FTT could keep its positive vibe into the third quarter.
After the FTX crash, FTT’s value plummeted, but recent progress has brought hope. A clear process for paying back eligible users who verified their identities and sent tax forms through the FTX portal has rebuilt trust. Payouts started in January 2025.
(1/3) FTX today announced that to recover estate assets, FTX has commenced legal action against certain token and coin issuers which own FTX assets and have been unwilling to engage.
— FTX (@FTX_Official) April 29, 2025
Technically, FTT looks set for more growth. A “Golden Cross” recently appeared, where the 50-day average moved above the 200-day average—a sign of a potential long-term climb. If FTT breaks past $4, it could see a bigger price spike. Despite obstacles, FTT’s comeback shows it’s still relevant, though its future hinges on market conditions and the bankruptcy resolution.
3. Solaxy (SOLX)
Solana ($SOL) is picking up steam in the crypto world, and many are excited about what could push it even higher. One big reason for the buzz is Solaxy ($SOLX), the first Layer-2 solution built for Solana. This project has already raised an impressive $32.7 million during its presale, and investors are jumping in fast.
Solaxy aims to solve Solana’s ongoing network clogging problems, which have prevented it from overtaking Ethereum as the top platform for smart contracts. With Solaxy’s help, Solana might finally reach its true potential.
The presale for Solaxy is moving quickly, and if this speed continues, it could hit its funding goal sooner than expected. That means the window for early investors to grab $SOLX, Solaxy’s token, at low presale prices might close soon. Once the presale wraps up and $SOLX hits crypto exchanges, more people will be able to buy it, pushing the price up and making today’s prices look like a steal.
Right now, you can get $SOLX for just $0.001712, but that price is only available for the next 32 hours before it goes up in the next presale stage. This could be one of the last chances to get in during Solaxy’s early funding rounds.
By buying $SOLX during the presale, investors can access the Solaxy ecosystem. This includes benefits like getting in before the token hits exchanges and the chance to join Solaxy’s staking program, which offers an impressive 123% annual return right now.
$SOLX could offer even more. Like tokens on Ethereum’s Layer-2 solutions, $SOLX might one day include voting rights, rewards within the ecosystem, cheaper transaction fees, or other perks tied to the token.
4. SUPRA (SUPRA)
SUPRA is making a splash as a strong Layer-1 blockchain platform, offering clever tools for connecting networks and staying decentralized. Its features include a fast Oracle system, a secure bridge, and a unique random function service (sVRF). On November 27, 2024, SUPRA launched its mainnet and held its Token Generation Event, a significant milestone.
The $SUPRA token is available worldwide through deals with top exchanges like ByBit, KuCoin, Gate.io, and MEXC, with more listings on the way. This sets SUPRA up for a bright future in the Web3 world.
Meanwhile, the token’s price has skyrocketed, climbing 66.46% in the past week and 12.28% in the last month. It’s now at $0.006600, with a key barrier at $0.005874. If it pushes past this, the next target is $0.007972, showing big growth potential.
SupraEVM is built for one simple thing: To help bring your craziest EVM dreams to life!
Turns out you have tons of fun ideas cause the waitlist is growing fast. Opening access to more dreamers soon.
Join the early access waitlist here: https://t.co/fEmztnzGEL pic.twitter.com/x52uCDBQrb
— Supra (@SUPRA_Labs) May 1, 2025
Beyond its price, SUPRA excels in providing Oracle price feeds and random functions, supporting over 80 blockchains with top-notch security. Its focus on fixing real issues for app developers makes it a key tool for expanding Web3. The platform is also developer-friendly, offering clear guides and detailed technical documents to help innovators get started.
5. Dogecoin (DOGE)
Dogecoin ($DOGE) is stealing the spotlight again, with big investors and upbeat forecasts fueling hopes for a jump past $0.20. Over the last seven days, large holders grabbed 100 million DOGE, leading to buzz about a coming price surge. Both small and big investors are excited, boosted by support from 21Shares, a top crypto research firm.
21Shares and Nasdaq are working on a Dogecoin ETF, which could open the door for more investors and diversify portfolios. If the SEC approves it, this would be a huge step. On May 1, 2025, analyst Trader Tardigrade pointed out that Dogecoin broke above a long-term downward line and a bull flag pattern, signalling a shift to an upward trend. This was confirmed when DOGE closed above $0.145 on Binance.
🚨 BREAKING: 21Shares files for a $DOGE ETF with Nasdaq. pic.twitter.com/DB424UPCEp
— Cointelegraph (@Cointelegraph) April 29, 2025
Trading volume spiked, with Binance seeing a 42% increase in daily DOGE trading, hitting over 1.2 billion tokens. Futures markets also showed a 15.7% rise in open interest to $320 million, reflecting growing trader confidence. While a $5 price seems like a stretch to some, many believe Dogecoin’s outlook is stronger than expected.
Still, DOGE faces hurdles. After reaching $0.1920, it fell below $0.1750 before settling at $0.1803. To keep its momentum, it needs to close above $0.1850. Breaking past $0.1920 could lead to testing $0.20, with further goals at $0.1980 and $0.2000.
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