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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 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. MultiversX (EGLD)
MultiversX (EGLD) is gaining strong traction, with recent price action reflecting growing interest. Currently priced at $18.16, EGLD has climbed 19.02% in the past 24 hours and 27.13% over the past week. Technical indicators show a steady uptrend, with the price moving within an ascending pitchfork. Moreover, the MACD shows bullish momentum, as the MACD line has crossed above the signal line.
Social and market activity around MultiversX is also on the rise. According to LunarCrush, EGLD outperformed rivals like Helium and Akash Network in social engagement as of July last year. The project’s recent updates further emphasize its drive for innovation.
Last month, Binance temporarily suspended transactions on the MultiversX network in preparation for a major network upgrade on March 25, 2025. Starting at 6:30 PM TR time, EGLD deposits and withdrawals were paused, resuming only after the upgrade was completed and the network stabilized. Despite this short-term halt, EGLD’s daily trading volume surged by nearly 700%. Over the past 24 hours alone, volume jumped by 631.94%, reaching $159.16 million.
Some standards POINT to ownership.
Others ARE ownership.For real estate on-chain, that difference is everything. https://t.co/2dZphLziMA
— Multiversᕽ (@MultiversX) April 25, 2025
In December, the MultiversX Foundation launched “Growth Games,” a $1.5 million annual grant program to fund developers, startups, and builders working on blockchain, AI, and education solutions. The program is designed to expand the ecosystem and attract fresh talent focused on solving key infrastructure challenges.
Moreover, Animoca Brands has joined the network as a validator and active contributor. This partnership combines MultiversX’s Sovereign Chains development tools with Animoca’s ecosystem of over 540 portfolio companies, opening new doors for collaborative innovation.
2. XYO Network (XYO)
About ten days ago, XYO announced the public beta launch of its own Layer 1 blockchain, marking a major step away from the Ethereum Layer 2 model it previously relied on. This shift brings a purpose-built Layer 1 focused on high throughput, low latency, and better real-time data handling.
This new blockchain introduces a consensus mechanism called Proof of Perfect. This system ranks chain tips based on “perfectness”—a mix of validity, recency, and protocol alignment. It allows nodes to identify the correct chain path without scanning the entire chain history, boosting speed and efficiency without the energy demands of traditional models.
XYO surged nearly 90% today ahead of its listing on South Korea’s Bithumb exchange. The token hit an intraday high of $0.015 on April 25, more than doubling from its monthly low and pushing its market cap past $207 million.
The rally was sparked by Bithumb’s announcement of a new KRW trading pair for XYO. Set at 15.30 KRW (about $0.0107), trading goes live at 5:00 PM KST, with deposits and withdrawals opening two hours later. It is available on the Ethereum network only.
Meanwhile, the XYO team is building further. The launch of XYO Layer One also introduces a new utility token called XL1. This token will power gas, transaction fees, and smart contract execution. In contrast, the original XYO token will shift toward governance and staking roles.
3. Best Wallet Token (BEST)
Best Wallet ($BEST) is quickly emerging as a top contender in the crypto wallet space, with its presale raising more than $11.79 million so far. Designed to be both powerful and user-friendly, it offers a seamless experience whether you’re exploring dApps, swapping tokens, or bridging assets across chains. It’s accessible enough for beginners yet robust enough for DeFi pros.
Help us build the future of Best Wallet! 🧠
We’ve just launched a new “Your Voice Matters” channel in Discord, where you can tell us exactly what features you want to see.
Whether it’s new tools or random ideas — we’re all ears! 👂
Drop your feedback in the Discord today. 💡… pic.twitter.com/MFrHvXsN09
— Best Wallet (@BestWalletHQ) April 24, 2025
One of Best Wallet’s standout features is the “Upcoming Tokens” screener. This tool has built a solid reputation by identifying promising new projects early. A prime example is Pepe Unchained ($PEPU). Best Wallet flagged it ahead of the curve, and investors who held on saw returns of 203% by early January. That kind of performance has boosted trust and drawn in over $500K in new investments in a few days.
But it’s not just about finding alpha. Best Wallet supports over 200 DeFi protocols and more than 20 cross-chain bridges, helping users access the best swap rates without jumping between platforms. It’s a wallet built for efficiency—and built to grow.
Right now, $BEST is priced at $0.02485. However, this presale round closes in just over 10 hours, after which the token price will rise. Investors can join directly via the Best Wallet website or app using ETH, USDT, or a bank card. With momentum building and a growing reputation for results, this might be one of the best times to get on board.
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4. Merlin Chain (MERL)
Merlin Chain is a Bitcoin Layer 2 project that leverages ZK rollups, decentralized oracles, on-chain fraud proofs, and data availability to scale Bitcoin’s capabilities. Zero-knowledge proofs verify Bitcoin commitments, while fraud-proof challenges keep the network secure and efficient.
By supporting native Bitcoin assets and fully on-chain dApps, Merlin Chain helps expand what’s possible on Bitcoin. With EVM compatibility, it bridges smart contract functionality to Bitcoin’s Layer 1, integrating with tools like Ordinals and enabling community-driven asset launches.
Currently, Merlin Chain (MERL) trades at $0.1070—up 10.98% in the past 24 hours and 39.19% over the past week. The trading volume sits at $31.62 million, showing 123.71% growth in a single day. This steady price action signals increasing investor confidence and growing attention in the broader market.
Welcome @MerlinLayer2 as the latest member of the WBTC DAO 👋. Excited to have you on board as we continue to expand WBTC’s reach and utility across ecosystems. https://t.co/30BeqOj0p6
— WBTC (@WrappedBTC) April 24, 2025
One of Merlin’s newest features is Wizard 0.1—an AI assistant designed to help users navigate the network more easily. Acting as a smart guide, Wizard improves engagement by simplifying access to on-chain features. Future upgrades aim to integrate real-time data and transaction execution.
By adding AI support, Merlin Chain boosts its ease of use and efficiency, making the ecosystem more accessible for both new and experienced users. These innovations could help drive broader adoption and position Merlin as a future-forward blockchain project.
5. Bitcoin SV (BSV)
Bitcoin SV (BSV) is maintaining investor interest with a strong uptick in recent performance. Over the past 24 hours, BSV has risen by 17.96%, now trading at $35.39. It holds a market cap of $702.76 million and boasts $151.27 million in daily trading volume, showing solid liquidity and consistent activity.
Over the last seven days, BSV is up 24.54%, while its monthly performance shows a slight dip of 0.57%. Even so, analysts are optimistic about its short-term future. Forecasts for May suggest a possible rise to $42.23, with an average price around $39.36.
One reason for BSV’s resilience is its strong community. With more than 95,000 holders, it has a loyal base of support. Its 24.54% weekly price gain is matched by a 17.96% increase in market cap, underlining growing momentum.
At the moment, the market sentiment is neutral, with the Fear & Greed Index at 60, indicating a modest tilt toward Greed. Technically, BSV is trading 12.27% below its 200-day simple moving average of $41.50. Should buying pressure rise, a breakout could be on the horizon.
The 14-day RSI stands at 39.21, suggesting a balanced market with room to climb. BSV also has a high liquidity ratio of 0.3191, a healthy signal for continued trading activity. Looking ahead to May 2025, analysts see a possible 45% surge in value, with projected highs of $50.05 and an average of $46.46. This could present a solid opportunity for those betting on a bullish turn.
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