Next Cryptocurrency to Explode, 27 April — AIOZ Network, Alpaca Finance, Gas

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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. Ethereum Name Service (ENS)

Ethereum Name Service (ENS) continues to hold its ground in the crypto world, currently sitting at 94th among digital assets. Its price has risen to $18.77, showing a 1.52% gain in the last 24 hours and a 32.23% jump over the past week. ENS remains a major name with a market cap of $674.21 million and a 24-hour trading volume of $153.03 million.

Considering its long-term performance, ENS has done relatively well over the past year, climbing by 25.42%. It has outperformed about 71% of the top 100 cryptocurrencies and even did better than Ethereum. Even though ENS is still trading under its 200-day simple moving average (SMA), the momentum looks positive, with 17 green days recorded over the past month, showing that 57% of recent trading sessions were positive.

The team behind ENS, known as ENS Labs, has been working hard to expand the project’s reach and scalability. One of their major plans is to launch Namechain, a Layer 2 rollup network, by the end of 2025. This upgrade aims to reduce costs and push ENS deeper into Layer 2 ecosystems, making it even easier for users to link easy-to-read names to crypto addresses.

Even though ENS has had a tough time pushing past some key resistance levels, it remains an exciting project because of its forward-thinking upgrades. If the broader market stays strong, ENS could be set for more growth, making it a project that long-term investors might want to watch closely.

2. AIOZ Network (AIOZ)

AIOZ Network is turning heads as a decentralized Web3 platform that combines artificial intelligence, storage, and streaming services. It operates through a worldwide network of decentralized infrastructure providers (DePINs), allowing users to earn rewards by sharing their computing power. These shared resources are used for media storage, video processing, live streaming, and AI services, giving AIOZ a modern role in the growing Web3 space.

Over the past 24 hours, AIOZ has surged by 8.49%, adding to a weekly and monthly climb of 52.27% and 53.94%, respectively. This sharp rise comes after a slow period, signaling that more investors are noticing AIOZ’s potential.

On the daily price chart, AIOZ is moving within a parallel channel and is nearing its upper edge. After breaking through resistance at $0.3795, the token settled at around $0.4124 at the time of writing. If momentum stays strong before hitting the next resistance, AIOZ could see another 10% gain. However, if the price dips below $0.33, it could fall by about 15%, suggesting that investors are still cautious and closely watching the price movements.

In addition, AIOZ has teamed up with AiPets, a mini-app on the Telegram platform. This collaboration uses AIOZ’s W3S technology to boost in-game features like NFTs, music, and videos. With the help of more than 190,000 AIOZ DePINs, the partnership promises reliable and scalable storage for AiPets players. Through smart partnerships and advanced tech, AIOZ continues to push the limits of what Web3 can offer.

3. Solaxy (SOLX)

Solana is already well-known for its low fees compared to Ethereum. Now, it looks set to make transactions even cheaper. This is all thanks to Solaxy, the first layer-2 network built on Solana. Solaxy is designed to take some of the computational load off the Solana mainnet, helping to reduce congestion and lower on-chain activity.

The project has been progressing quickly, recently launching a test network and a block explorer. These milestones show that development is moving at a rapid pace. Solaxy’s latest updates have focused on improving the number of transactions it can handle per second (TPS), boosting data throughput, and enhancing rollup performance. These upgrades are key to Solaxy’s plan to make Solana even more efficient by offering its first absolute scaling solution.

But Solaxy’s goals don’t end there. The platform is also built using cross-chain technology, meaning it combines strengths from the Solana and Ethereum networks. It offers a massive annual staking reward of 126% for SOLX holders who choose to lock up their tokens.

While Solaxy is still under development, it has already raised an impressive $31.9 million through its presale. This strong early support shows that investors have a lot of faith in the future of Solana-based scaling solutions. The excitement around the project is growing fast. The popular YouTube channel 99Bitcoins, which has over 724,000 subscribers, has even suggested that Solaxy (SOLX) could skyrocket by 100 times after its official launch.

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For those interested in getting involved, Solaxy tokens (SOLX) are available through the project’s presale at $0.001706 each. Buyers can use BNB, ETH, USDT, or even a bank card to purchase tokens directly from Solaxy’s official website. However, potential investors will need to act quickly, as the price is expected to increase in just over five hours.

Buy SOLX Tokens Here

4. Alpaca Finance (ALPACA)

Alpaca Finance is making a name for itself in the DeFi space. With DeFi assets getting more attention, it’s not surprising that Alpaca Finance is gaining popularity. According to the project’s official site, Alpaca Finance is now one of the biggest lending platforms in the market.

The project runs on the Binance Smart Chain and aims to provide lenders with a safe and steady way to earn yields. It also allows borrowers to take out collateralized loans for leveraged yield farming, meaning users can boost their profits by using borrowed funds smartly.

As of today, ALPACA, the project’s native token, is trading at $0.2396, an impressive 336.07% increase compared to a week ago. This price surge is supported by a massive trading volume of $317,334,469.96, which shows strong investor interest.

The massive jump in trading volume has dramatically improved how investors view the project, leading to a record increase in its overall market value. Alpaca Finance could be one of the DeFi projects that stand to benefit most from the growing interest in decentralized finance. It’s definitely one to watch as the sector continues to expand.

5. Gas (GAS)

Gas (GAS) is a vital token that keeps the NEO blockchain running smoothly. It powers transactions and smart contracts across the network while also serving as a reward for NEO holders and council members, ensuring proper operation.

One of the biggest upgrades for GAS happened last year, when transaction fees were slashed by 80%. This made using the NEO network much cheaper, attracting more users and developers and making the GAS token even more valuable.

Another significant change was the shift from the old Neo Legacy MainNet to the new N3 MainNet. This upgrade officially ended GAS creation on the old network and marked a major step forward for NEO’s development.

At the time of writing, GAS is trading at about $3.54, with a 5.35% increase in price over the past day. Over the last month, GAS has recorded 16 green days, showing positive movement 53% of the time. Meanwhile, the Fear & Greed Index sits at 61, reflecting growing confidence among traders compared to the previous week’s score of 35, which showed fear. These signs indicate a stronger GAS market outlook and more active participation in the NEO ecosystem.

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