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It’s the second half of the year, and 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 significant growth potential, especially before the end of the year. 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 the excitement and reward potential of meme coins with the practical utility of a Layer 2 blockchain solution.
1. Decred (DCR)
Launched in 2016, Decred (DCR) remains a steady and principled blockchain project that prioritizes decentralization above all else. Its standout feature is a hybrid system that combines Proof-of-Work (PoW) with Proof-of-Stake (PoS), giving both miners and regular users a say in the decision-making process. If you hold DCR tokens, you can lock them up in exchange for voting tickets, which let you vote on network upgrades and how the community treasury is used.
This setup ensures that no single party controls everything, helping to keep the project transparent and fair. Out of a maximum supply of 21 million tokens, more than 16.8 million DCR tokens are already in circulation.
In 2025 Decred offers four wallets designed for every user's needs. Getting started has never been easier, and with our growing infrastructure, users will soon experience unique and exciting new possibilities.
The future will not be centralised! pic.twitter.com/hoWWFm8Bhw
— Decred (DCR) (@decredproject) May 30, 2025
Although DCR’s price is far below its all-time high of $248.38, reached in April 2021, the development team continues to work on improving the platform. Their focus is on enhancing privacy, improving scalability, and adhering to the core vision of decentralized governance. Although it may not be making headlines every day, Decred remains a strong example of a values-driven crypto project that deserves attention.
2. Ethena (ENA)
Ethena (ENA) has been gaining traction recently, especially with its unique take on stablecoins. At the time of writing, ENA trades at approximately $0.3097, with a total market capitalization of around $1.8 billion. It saw a 2.7% gain in the past 24 hours alone. Some technical signals, like a positive crossover on the moving averages, suggest that the token could rise even further, especially if it breaks through the $0.49 resistance level.
One of Ethena’s most exciting projects is USDe, a new kind of stablecoin that doesn’t rely on fiat currency for backing. Instead, it earns yield by staking Ethereum and offers holders returns of up to 29% per year. Ethena Labs has also created a version of USDe called tsUSDe, and both have recently been integrated into The Open Network (TON), as announced at Token2049 in Dubai.
USDe and tsUSDe are now live on TON! 💎
Earn up to 18% APY on your crypto dollars via @ethena_labs’s integration with the TON ecosystem.
The power of DeFi savings is coming directly to your Telegram wallet. Read the thread to find out how to get on board! 🧵 pic.twitter.com/MxX1fxfw4A
— TON 💎 (@ton_blockchain) May 30, 2025
This partnership between Ethena and the TON Foundation is a significant development, particularly in terms of the innovative approach to the user base. The project aims to introduce DeFi services to millions of users in a straightforward and accessible manner. With this move, Ethena positions itself as a serious competitor in the stablecoin space, and possibly the next cryptocurrency to explode for those looking at long-term DeFi innovations.
3. Solaxy (SOLX)
The new project called Solaxy (SOLX) is quickly capturing investor interest. Positioned as a powerful Layer-2 (L2) solution for Solana, Solaxy has already raised over $42.9 million in its presale, and it’s not even over yet.
Solaxy is designed to fix one of Solana’s biggest issues: network congestion. When the chain gets overloaded, transactions slow down or get delayed. Solaxy solves this by processing transactions off-chain, bundling them, and sending them back to Solana’s mainnet in batches, much like what Arbitrum and Optimism do for Ethereum.
The benefits are clear: lower fees, faster transactions, and a smoother user experience, even during periods of high activity. Meanwhile, Solaxy is also building a bridge to Ethereum. This means users and developers will soon be able to access Ethereum’s deep liquidity while enjoying Solana’s fast and low-cost infrastructure.
The team behind Solaxy is already delivering at a rapid pace. They’ve launched a testnet, a blockchain explorer, and the Igniter Protocol. This no-code platform lets anyone launch tokens and trade them instantly on Solaxy’s upcoming decentralized exchange (DEX).
Crypto experts are taking note, too. On the popular 99Bitcoins YouTube channel (723,000+ subscribers), one analyst predicted that SOLX could surge by 100x after launch, thanks to its strong fundamentals and growing hype. The SOLX token is also utilized for staking, transaction fees, and governance. Early investors are also being drawn in by an impressive 94% annual percentage yield (APY) for staking rewards.
Currently, SOLX is priced at just $0.001742 during presale. Tokens can be purchased using crypto or a credit card. With the presale ending in just over 15 days, now might be the right time to get involved before the next price jump.
4. Pudgy Penguins (PENGU)
Pudgy Penguins started as a fun Ethereum-based NFT project, but it’s turning into something much more. After launching its token, $PENGU, in December 2024, the project experienced a rough patch marked by significant selling pressure. Over the last month, the token dropped by more than 10%. However, signs are pointing to a possible comeback. A falling wedge pattern, a standard bullish signal, suggests that a reversal may be on the way.
Currently, $PENGU trades at $0.01048 and is up 4.07% today. To expand its reach, the project plans to support Ethereum and Abstract Chain, a new Layer-2 network developed by Igloo Inc., the team behind Pudgy Penguins. Initially built on Solana, this move toward cross-chain compatibility could breathe new life into the token and make it more versatile across platforms.
The Abstract Chain itself is built using Ethereum’s zero-knowledge (ZK) tech and is powered by the ZKsync Stack. This makes it more secure and scalable. Igloo Inc. introduced it on January 27, 2025, after acquiring the Frame platform to boost its creative tools for NFT developers.
In addition, Pudgy Penguins is teaming up with OpenLedger to use AI to create next-level content based on its NFTs. This collaboration will enable creators to generate new types of media featuring the penguin characters, blending creativity with smart technology.
Despite some recent setbacks, $PENGU remains readily available on popular exchanges, including Binance, Bybit, and OKX. Binance even offers additional features, such as staking, auto-invest, and leveraged futures, for the token. This makes it a flexible and accessible option for investors interested in the intersection of NFTs, AI, and blockchain.
5. Ondo (ONDO)
Ondo Finance (ONDO) is working on bridging the gap between traditional finance and decentralized markets. Led by Nathan Allman, the project focuses on bringing institutional-level services to the blockchain. One of its boldest moves so far is the launch of Ondo Global Markets, a platform that brings tokenized U.S. stocks and ETFs, such as those listed on the NYSE and NASDAQ, onto blockchain rails.
This means users can trade real-world assets like stocks 24/7, without needing to stick to regular trading hours. This shift could attract both traditional investors and crypto enthusiasts who seek more options and flexibility in their trading.
From a price standpoint, ONDO is showing strong signs of bullish momentum. It’s currently trading at $0.96, hovering around its 50-day exponential moving average. Analysts have noted a triangle-shaped pattern forming between key resistance at $2.32 and support at $0.49821. This pattern, along with rising interest from institutions, suggests a potential breakout.
Another significant milestone is that Ondo has recently surpassed $1.25 billion in total value locked (TVL). This surge indicates growing trust in the platform, particularly as more people become interested in real-world asset tokenization and stable yield opportunities. For anyone looking to diversify their crypto holdings, this token could be the next cryptocurrency to explode, especially if you’re willing to explore real innovation.
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