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At the start of this year, the crypto market struggled with bears for a few months, but things are looking up for altcoins. After months of losses, many investors have reported decent gains, while still hoping for more 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
The crypto market is always buzzing with new momentum, and some coins are beginning to show strong signs of a breakout. 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. Quant (QNT)
Among them, Quant (QNT) is attracting attention once again. Recently, it displayed the early formation of an inverse head and shoulders pattern. This common bullish signal could mean a trend reversal is on the way. According to data from CoinMarketCap, QNT jumped over 11% in the last 24 hours and more than 45% in the past month, reaching a high of $107.26 on May 27. Its market cap also rose to about $1.29 billion, which now puts it nearly 80% above its low for the year.
Trading activity has followed this trend. QNT’s daily trading volume spiked by over 320% in just one day, reaching around $53 million. Open interest also increased by 43%, now at $22.9 million, its highest since February. This rise in open interest suggests growing interest and confidence among traders.
The excitement picked up after Quant’s CEO, Gilbert Verdian, announced that the long-awaited Overledger Fusion would begin rolling out in June 2025. The upgrade is described as a “Layer 2.5” network, adding multi-chain rollups, secure cross-chain smart contracts, and enhanced privacy features.
Money wasn’t meant to just move. It was meant to work.
Today’s finance teams face rising complexity, growing compliance burdens, and the pressure to do more with less.#QuantFlow transforms money from a simple transaction into a next-generation workflow, with advanced… pic.twitter.com/O2ZxDflKKD
— Quant (@quant_network) May 27, 2025
This move is designed to make blockchain networks work better with DeFi and enterprise systems. Many see this as a step forward in making Quant a stronger player in blockchain interoperability, and possibly the next cryptocurrency to explode.
A surge in user activity adds to this positive outlook. According to data from Santiment, active addresses on Quant’s network increased by 47% in just one day. That kind of growth shows renewed energy around the project, especially among developers and long-term supporters.
2. Decred (DCR)
Moving on to Decred (DCR), it’s a project that doesn’t always make the headlines but continues pushing forward with its unique governance model. Decred started back in 2016, and it blends Proof-of-Work and Proof-of-Stake systems to let both miners and token holders have a say in the network’s future. Users can lock up their DCR to receive voting tickets, giving them direct power to approve updates and manage community funds.
Decred’s design ensures that no single group has too much control. With 16.81 million DCR coins in circulation out of a maximum supply of 21 million, the project keeps things transparent and community-driven.
What Makes Decred Different for AI Agent Development? State of the market https://t.co/MdgagHFjUK
— Decred (DCR) (@decredproject) May 25, 2025
While its price is far from the all-time high of $248.38 it reached in April 2021, Decred’s developers are still working hard. They focus on scaling, improving privacy, and maintaining the platform’s original mission of decentralized governance. It might not be trending every week, but it remains one of the more principled projects in the space.
3. Solaxy (SOLX)
As Solana picks up speed, investors are quickly jumping on board with Solaxy (SOLX), the blockchain’s first Layer-2 scaling solution. With its presale already surpassing $41 million, SOLX is turning heads, and there are only around 20 days left to get in before it closes.
Solaxy tackles one of Solana’s biggest challenges: congestion. On peak days, nearly 50% of Solana transactions can fail due to overload. Solaxy steps in with roll-up technology, similar to what powers Arbitrum and Optimism, bundling transactions off-chain and settling them on Solana’s mainnet. The result? Lower costs, faster speeds, and fewer failed transactions.
Excitement around Solaxy is rising fast. Influential crypto channel 99Bitcoins, with over 723,000 subscribers, recently spotlighted the project and suggested that SOLX could potentially be 10x after launch.
The team behind Solaxy isn’t slowing down, either. They’re building out a powerful ecosystem, starting with the upcoming Igniter Protocol, a no-code token launchpad that lets SOLX holders create their own meme coins or utility tokens with ease. It’s a bold step toward a decentralized creator economy.
Also on the roadmap is a cross-chain bridge to Ethereum. This will combine Solana’s high-speed performance with Ethereum’s liquidity, opening doors for new use cases in DeFi, NFTs, and gaming.
On the development side, Solaxy has already launched its testnet, a dedicated block explorer, and the testnet version of its Solaxy Bridge, which lets users try out token bridging across chains. This moves the platform closer to its ambitious goal of supporting 10,000 transactions per second on the mainnet.
Right now, SOLX tokens are available at just $0.001736. You can purchase them using ETH, BNB, USDT, or a bank card through the Solaxy website. Tokens can also be staked for up to 99% APY, giving early adopters an extra incentive to get involved before the presale wraps up.
4. Gala (GALA)
Then there’s Gala (GALA), which seems to be staging a comeback. After a long decline, the token has recently bounced off a strong support level, gaining 4.66% in just a week. The GALA/USDT trading pair has shown renewed strength thanks to steady technical improvements and progress in the Gala Games ecosystem. GALA is priced at $0.0165, a slight rise over the past 24 hours. Trading volume also jumped nearly 30%, now at $46.47 million. Analysts note that Gala maintains a solid support base, which could set the stage for further upward movement.
Gala’s comeback is not just about charts but also utility. The team has been making strategic upgrades, making the platform more user-friendly, reducing transaction costs, and boosting liquidity. These updates have given the project new life and made it more appealing to investors and players.
A recent highlight was announcing a partnership with Tapbit, a centralized exchange. This new integration lets Users deposit and withdraw GALA directly on GalaChain. This makes it easier for everyday users to explore Web3 apps. Gala’s long-term goal is to make blockchain more accessible, and the Tapbit partnership is a big step in that direction. The team wants to bring users into Web3 through games, music, film, and other community tools, all on one intuitive platform.
5. Convex Finance (CVX)
Finally, we have Convex Finance (CVX), a well-known project among DeFi fans for improving returns on Curve Finance. Instead of locking up funds directly on Curve, users can stake their liquidity provider (LP) tokens on Convex to earn extra CRV rewards and a share of Curve’s trading fees. This makes it easier for users to earn higher passive income with less effort.
Convex works as a value-boosting layer on top of Curve, giving liquidity providers a more rewarding experience without requiring them to lock their tokens directly. As of the time of writing, CVX is trading at $3.31, up 1.89% in the past 24 hours and showing a solid 21.80% gain over the past month. Its market cap is now $322.31 million. Although the daily trading volume has slightly dipped to $12.33 million, Convex still shows strong fundamentals.
Over the last 30 days, Convex has recorded gains on 15 separate days, which signals healthy momentum. Its Relative Strength Index (RSI) is 36.15, suggesting the asset isn’t overbought or oversold. This points to a neutral setup, where the price could move sideways or prepare for another rise.
The Fear & Greed Index is 74, well inside the “Greed” zone. That level of optimism usually reflects bullish sentiment, although it’s sometimes driven by hype. Even so, Convex remains a key part of the Curve ecosystem and continues attracting attention from investors chasing better DeFi yields.
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