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Earning a significant return on investment (ROI) in a bull market usually involves paying attention to meme coins and Altcoins with explosive potential. However, identifying cryptocurrencies with explosive potential may require effort, as most funds are drawn to inflated assets.
Today’s article examines the performance of cryptocurrencies that have appeared on the gainers’ list over 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 hedge 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 annual return. Updates on the project and its prospects are shared below.
1. Arbitrum (ARB)
Arbitrum (ARB) has been making headlines lately, especially with the launch of its Arbitrum Foundation Grants. This program supports blockchain projects based on their development stage and future growth, offering Dedicated Grant Tracks to help promising teams build within the Arbitrum ecosystem. This move could attract more developers and investors, resulting in increased demand for the token.
Another notable development is the ArbiFuel Gas Fee Sponsorship Program, which allows users to enjoy gas-free transactions from May 30 to August 30, 2025. This three-month initiative is designed to reduce transaction costs and encourage more activity on the network. For developers and users alike, this effort lowers entry barriers. It boosts overall engagement, making Arbitrum’s network more attractive and user-friendly.
Market reactions to these changes have been mostly positive. While the price of ARB currently shows a neutral trend, analysts believe that it may soon turn bullish. Some predictions suggest that if the token gains enough momentum, it could hit $1.41 by the end of 2025. Given this potential, Arbitrum could be seen as the next cryptocurrency to explode, especially for those seeking long-term returns.
DeFi is Everywhere on Arbitrum
With $2.6B in TVL and over $100B in DEX volume this year, DeFi adoption is unstoppable
Let's break it down 👇 pic.twitter.com/SyIKYmlPTE
— Arbitrum (@arbitrum) June 2, 2025
At present, ARB is trading at $0.3631, which reflects a 15.53% increase over the past month. This positive movement is also seen in its market cap. However, there has been a slight dip in activity in the last 24 hours, with trading volume falling by 8.59% to $167.79 million. Still, technical analysts are keeping a close eye on ARB’s price, watching for it to rise above key resistance levels and important moving averages.
The token’s position relative to the 20-day Exponential Moving Average (EMA) and the 50-day Simple Moving Average (SMA) is promising. If ARB breaks above these averages, it could confirm an upward trend and build investor confidence. The market is signalling a potential shift, and many traders believe that Arbitrum is building up for a strong comeback.
2. Compound (COMP)
Compound (COMP) has had a rough time recently, but the token is showing signs of a comeback. As of today, COMP is trading at $47.88, representing a 14.70% increase over the past 24 hours. Its market cap also rose by over 21% this month, hitting $434.94 million. Even more impressive is the 323% jump in daily trading volume, showing renewed interest from investors.
This upward trend reflects a growing sense of optimism in the crypto space. The Fear & Greed Index currently sits at 65, leaning toward “Greed,” indicating that market participants are becoming increasingly confident. A significant boost for Compound came when the Mantle Network integrated Compound III, enhancing lending and borrowing features and introducing new collateral options in a safer environment. These changes have strengthened Compound’s presence in decentralized finance (DeFi).
In early May 2025, Compound Finance added two more assets to its platform, Ethena’s stablecoin (USDe) and Mantle’s staking token (mETH). These were approved by the community and provided users with additional ways to participate in the ecosystem. There’s also talk of adding cmETH, which would further enhance Compound’s role in DeFi.
Despite earlier setbacks, Compound’s recent developments prove that it’s not just surviving, it’s pushing forward. If momentum continues, COMP may reclaim its position among the top DeFi assets.
3. Best Wallet Token (BEST)
Best Wallet Token ($BEST) is the engine behind one of the most promising non-custodial wallets in the crypto space. With support for over 50 blockchains, including Bitcoin, Ethereum, and thousands of other digital assets, Best Wallet is positioning itself as a go-to solution for both beginners and experienced crypto users.
The wallet’s app is designed for ease of use, allowing anyone to buy, sell, store, and swap crypto securely from a single platform. It’s also growing rapidly, with user numbers jumping 50% month-over-month.
One of the standout features is the Best Card, which allows users to spend their cryptocurrency at any Mastercard-supported store. Combined with staking rewards, lower fees, and real-world cashback, the Best Card turns crypto into a practical, everyday payment option.
Holding $BEST tokens brings additional perks. Users gain early access to high-potential token presales, offering them the opportunity to invest before these projects become mainstream. Meanwhile, Best DEX, the platform’s decentralized exchange, pulls in the best rates from over 50 DEXs, ensuring competitive pricing and deep liquidity.
🔥 Over $13M Raised and Counting! 🔥
Best Wallet is becoming the go-to for traders who want speed, simplicity, and early access to what matters:
✅ Buy new tokens early, directly in-app
✅ Buy and bridge across chains in one place
✅ Full portfolio control, no clutterDownload… pic.twitter.com/0SDNVPov6v
— Best Wallet (@BestWalletHQ) June 4, 2025
Other key features include cross-chain swaps, high-yield staking, and a smooth mobile interface that makes crypto management simple and accessible. It’s a complete toolkit for anyone looking to get more out of DeFi.
So far, the project has already raised over $13 million in its presale, with tokens priced at $0.025125 each. The funds are being used to enhance the wallet’s capabilities, expand the DEX, and improve the card’s features. Moreover, the project is backed by media coverage from Cointelegraph, Techopedia, and Cryptonews.
4. Magic Eden (ME)
The Magic Eden ($ME) token is carving out a strong position in the crypto world by supporting a wide range of uses, from NFT trading and minting to wallet services. As the official token of the Magic Eden platform, $ME drives cross-chain activity and connects a large and active community of decentralized users.
Magic Eden’s popularity plays a key role in the success of $ME. The platform’s easy-to-use mobile app makes it simple for beginners to start trading NFTs and other digital assets across different blockchains. This ease of access has helped the project grow quickly, especially among retail users.
The token officially launched on December 10, 2024, with a massive airdrop worth over $700 million. It initially traded at around $4.50, jumping as high as $6.00 before falling below $1 billion in market cap. At the time of writing, $ME is priced at $1.01, with a market cap of $153.02 million. While it has cooled off from its launch highs, it still has strong community support.
Another big step was $ME getting listed on top exchanges like Coinbase and Binance, making it more available and easier to trade. Although there were some technical problems during the airdrop claim due to high traffic on the Magic Eden app, the team addressed them promptly and transparently. This helped maintain user trust and showed the level of interest in the project.
5. CoW Protocol (COW)
CoW Protocol ($COW) has been quietly but steadily building its reputation in decentralized finance. Although it dropped 2.59% in the last 24 hours, its monthly performance is up 54.34%, and the token remains one of the strongest performers in the market. What sets CoW apart is its distinctive trading model, which is based on batch auctions and peer-to-peer systems. This helps reduce gas fees and gives users better prices by matching trades through what’s called the Coincidence of Wants (CoWs).
Currently priced at $0.4323, CoW’s impressive growth is supported by strong liquidity, with a volume-to-market cap ratio of 0.3859, and it is trading over 244% above its 200-day Simple Moving Average (SMA). The token has grown nearly 48% over the past year, outperforming a majority of the top 100 crypto assets. Its Relative Strength Index (RSI) at 66.37 also indicates a balanced market sentiment, showing there’s still room for steady upward movement.
One of the most exciting updates for CoW Protocol is its expansion to the Base network, which is Ethereum’s fastest-growing Layer 2. With this move, CoW Swap users now enjoy advanced order types, gasless swaps, and protection against MEV (Maximal Extractable Value), all of which improve the trading experience.
To celebrate the launch on Base, the team also ran a 10,000 COW token giveaway, creating buzz and increasing activity among traders. This community-driven approach, along with its focus on innovation, has helped CoW Protocol attract attention from DeFi enthusiasts and maybe the next cryptocurrency to explode in the coming months.
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