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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. Solayer (LAYER)
Solayer is a next-gen Layer 1 blockchain built for speed. It’s been designed to process over one million transactions per second, thanks to its use of custom hardware chips that handle blockchain activity separately. This setup cuts down waiting times and boosts performance, especially for gaming or high-frequency trading activities.
One of its newest offerings is the Emerald Card—a crypto-friendly payment card. It works on the Solayer chain (powered by a Solana-compatible system) and supports mobile payment tools like Apple Pay and Android Pay. The card is also expected to roll out rewards like crypto bonuses, airdrops, and staking access.
LAYER has been gaining traction lately. The token’s price is currently $1.77—close to its highest-ever price—and it’s jumped over 17% in the last month. Liquidity looks strong, too, with a 24-hour trading volume that’s over six times its market cap. Market sentiment is mostly positive, with a Fear & Greed score of 67, showing growing investor trust.
notifications on for May 🔔 https://t.co/MSACSwciu7
— Solayer (@solayer_labs) May 7, 2025
Another key update is SolanaID, an identity solution created by Digitalsocial. It allows users to connect multiple wallets from different blockchains under a single profile, unlocking perks like custom offers, better rewards, and wallet-based insights. It’s a smart move that adds more depth to the Solayer experience
2. Quant (QNT)
Quant (QNT) is starting to pick up steam again after breaking out of a downward trend that held it back for weeks. On February 19, the token climbed above its limits and touched $100 before cooling down. As of the time of writing, it’s trading at $88.45, showing steady gains of 7.85% in the last 24 hours and 43.15% over the past month.
The technical outlook is neutral, with a Relative Strength Index (RSI) of 53.94. That means the market isn’t pushing the token too hard in either direction, making it a balanced option for both new and returning investors.
Quant stands out for its practical purpose in the blockchain space. Instead of building a new chain, Quant developed Overledger, an operating system that lets different blockchains talk to each other. This allows developers to create apps that can connect to multiple blockchains at once without losing speed or performance.
On Monday 5 May, the European Central Bank @ecb announced that Quant has been selected to work on the ECB’s #DigitalEuro project as a pioneer partner.
In November 2023, the ECB began laying the foundations for the issuance of a digital euro. Fast forward to today, the project is… pic.twitter.com/9xTIeL10ih
— Quant (@quant_network) May 6, 2025
Even with price fluctuations, Quant continues to position itself as a serious, utility-focused project. It doesn’t rely on hype but instead focuses on solving real problems in blockchain communication.
3. Solaxy (SOLX)
With network congestion creeping back into the Solana ecosystem, users have started to experience delays, transaction failures, and growing frustration. As more projects and tokens pile onto the network, the pressure could lead to another dreaded outage unless something changes fast. That’s where Solaxy comes in.
Solaxy is the first-ever layer-2 scaling solution built for Solana. Instead of clogging Solana directly, Solaxy bundles transactions off-chain and then submits them to Solana for final confirmation. This technique, used by Ethereum solutions like Arbitrum and Optimism, has already shown it can dramatically boost blockchain scalability.
POV: How you'll be feeling using the L2.
Pure Bliss.https://t.co/mdaTX9aVVx pic.twitter.com/lWxfeRqVXv
— SOLAXY (@SOLAXYTOKEN) May 6, 2025
Solaxy is aiming high, with a target of 10,000 transactions per second, and momentum is already building. The team recently rolled out its testnet and blockchain explorer, putting real progress behind its bold goals.
As Solana continues to gain steam, investors note Solaxy’s potential. The project’s presale has already pulled in over $33.5 million, and the buzz is picking up. Popular crypto YouTube channel 99Bitcoins, with over 725,000 subscribers, recently predicted that Solaxy (SOLX) could surge 100x after launch.
Beyond the tech, there’s also a strong incentive for early backers. SOLX holders can currently stake their tokens for an impressive 120% APY. Investors can use crypto or a bank card to grab SOLX at just $0.001716 directly through the project’s website.
Once purchased, tokens can be staked immediately via the site’s dedicated staking page. But timing is key: SOLX is on a tiered pricing schedule, and the next price jump is less than 15 hours away.
4. Comedian (BAN)
Comedian ($BAN) is a meme coin that draws inspiration from modern art, specifically Maurizio Cattelan’s famous banana artwork taped to a wall. Like the original piece, the coin blends humor with cultural commentary, poking fun at both art and the world of crypto.
$BAN gained attention earlier this year when TRON founder Justin Sun bizarrely ate a $6.2 million banana—a viral moment that fit perfectly with BAN’s quirky identity. This helped spark new interest in the token, especially across social media platforms.
While $BAN has had its ups and downs due to overall market conditions, it’s recently shown strong momentum. The token has climbed over 34% in the last 24 hours, 21% over the week, and over 21% for the month. Its volume-to-market-cap ratio of 2.53 also shows a lot of active trading and interest.
— Ban Community (@ban_comedian) May 7, 2025
With a 30-day volatility of 15%, $BAN strikes a decent balance between risk and reward. It may not be for the faint-hearted, but for meme coin lovers who enjoy fast-paced action and viral hype, Comedian is definitely one to watch.
5. StarkNet (STRK)
StarkNet (STRK) has had a rocky ride since its major airdrop in early 2024. The token’s price crashed from $4 to below $0.50 after big holders, like Nethermind, sold off large amounts. At one point, STRK bounced back to $0.70 but dropped to around $0.13.
Despite these drops, analysts are hopeful. With short-term price goals set around $0.60 and $0.80, there’s growing talk of a breakout on the horizon. Recent gains of over 10% hint at renewed optimism, with trading volumes and community support picking up.
StarkNet offers something valuable to the blockchain world—scalability without compromising security or decentralization. It uses STARK proofs to power faster and cheaper transactions, making it a strong base for decentralized apps and DeFi projects.
The project recently launched StarkGate v2.0, a bridge that makes moving tokens between Ethereum and StarkNet easier. This upgrade adds real utility and helps StarkNet stand out in the crowded DeFi scene.
Looking ahead, breaking above resistance levels at $0.172 and $0.19 could open the door to more momentum. With its technical strengths and growing community, STRK still has room to surprise.
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