Next Cryptocurrency to Explode, 24 January — Onyxcoin, Nexo, Snek, Ethena

The cryptocurrency market experiences changes and developments that shape investment choices every day. Since last month, it has been on a bullish run, even as several tokens experienced price fluctuations.

The crypto market is observing a noteworthy increase in trading signals, leading investors to religiously search for the next promising token. However, spotting the next cryptocurrency to explode amidst this abundance requires a thorough understanding of the market dynamics. Today’s article identifies coins with some potential and informs investors and traders about each token.

Next Cryptocurrency To Explode

Today’s review highlights promising cryptocurrencies that investors should monitor. One such project is Wall Street Pepe, a new variation of the beloved Pepe coin that aims to empower traders with exclusive market insights and tips. The token has taken the crypto scene by storm, raising over $55 million in its presale in less than two months.

1. Onyxcoin (XCN)

Onyxcoin (XCN) has recently made headlines with a remarkable price rally. Over the past week, the token surged by an impressive 391.03%, maintaining six straight days of gains. This upward trend broke a six-week consolidation below $0.0128, reviving investor interest and setting sights on a potential climb to $0.04.

Currently, XCN is priced at $0.02849, reflecting a daily increase of 140.42%. Trading activity has exploded, with volume soaring 1349.82% in the last 24 hours to reach $1.31 billion. The market cap also jumped by 140.42%, hitting $877.3 million.

Onyx is at the forefront of modern finance, offering a web3 blockchain infrastructure that empowers organizations to create innovative financial services. At the center of this system is Onyxcoin (XCN), the governance and utility token built on Ethereum.

We are thrilled to announce the introduction of the Chain Loyalty Program. Exclusively for users who have staked $XCN, receive up to 75% off https://t.co/kUx6GhaqA4 services with the flexibility to pay using fiat or other crypto for those who prefer to HODL #XCN. pic.twitter.com/8rkRhSdPav

— Chain (@Chain) January 23, 2025

Onyx’s flagship product, Onyx Core, is a key feature. It enables developers and institutions to launch and manage blockchain networks efficiently and allows seamless connections with other networks. This tool transforms how assets are issued, transferred, and controlled, making financial systems faster and more effective.

What sets Onyx apart is its flexibility. The protocol supports various asset types, allows networks to be run by single entities or groups, and ensures smooth interaction with other networks. This adaptability positions Onyx as a cutting-edge solution for reshaping financial infrastructure.

2. Nexo (NEXO)

Nexo is a popular platform for cryptocurrency users that offers various financial services. It offers instant crypto-backed loans, high-yield interest accounts, and a built-in exchange, which help users maximize their digital assets without selling them.

Traditional banks often fail to meet the needs of crypto holders. Nexo fills this gap by letting users borrow or earn from their assets while holding onto them.

The NEXO token is priced at $1.47, having risen 9.86% in the last 24 hours. Its daily trading volume is $15.75 million, and its market cap has reached $949.27 million, representing 0.04% of the overall crypto market.

The token’s price is 19.67% above its 200-day simple moving average of $1.22, signaling a positive long-term trend. Over the past month, the token has seen gains on 15 days, or half of the time. The Fear & Greed Index indicates extreme greed with a score of 75, reflecting strong interest and caution about overvaluation.

The 14-day Relative Strength Index (RSI) is 59.63, suggesting a neutral position. Short-term price movement may remain stable. Analysts predict a potential 22.39% increase in the next month, which could bring the price to $1.79.

3. Wall Street Pepe (WEPE)

The presale for Wall Street Pepe is nearing its end, offering investors a final chance to grab this viral meme coin before its launch. Since December, the presale has attracted daily contributions in the millions, making it a high-risk but potentially rewarding investment.

With just 23 days remaining, excitement is building for what many believe could be one of the biggest crypto launches of 2025. Projects like Pepe Unchained, which saw a significant surge during its final presale phase, are being compared.

In the last 24 hours alone, Wall Street Pepe has raised over $58 million. Large purchases, including $371,000 and $135,000 transactions, show strong interest from crypto whales, hinting at the coin’s potential post-launch success.

Currently, each Wall Street Pepe token is priced at $0.0003665. Investors can buy with $ETH, $BNB, $USDT, or even a bank card. The project also offers a staking feature with a 20% annual percentage yield (APY), and over 39 billion WEPE tokens have already been staked.

Wall Street Pepe aims for “total crypto domination” by building a community-driven trading platform. This platform will connect traders, helping them make profitable decisions together.

With time running out, many see this presale as a chance to capitalize on the growing meme coin trend. Wall Street Pepe could pave the way for exciting investment opportunities in the rapidly evolving crypto market.

Buy WEPE Tokens Now!

4. Snek (SNEK)

SNEK has quickly become a favorite within the Cardano network. Its fair presale, which excluded special allocations for the development team, earned the trust of its community. This approach has strengthened its connection with users and the larger DeFi ecosystem.

In the last 24 hours, SNEK’s price rose by 16.39%, reaching $0.006462. It has shown steady growth over the past 30 days, with 15 green days marking consistent progress. As the Fear & Greed Index sits at a neutral 75, investor confidence in SNEK continues to grow.

SNEK offers unique features that boost its appeal. One highlight is the Snek game, created in partnership with Paima Studios, which provides a fun way for users to engage with the ecosystem. The platform also includes a raffle system, where users can enter pools to win free tokens. For dedicated supporters, staking options of 4, 7, or 10 months are available, offering great rewards.

Strategic partnerships have added to SNEK’s utility. Collaborating with Nebula lets users flip coins using SNEK, adding a fun interactive aspect. Additionally, a collaboration with NOWPayments allows SNEK to be used for payments, increasing its adoption in the Web3 space.

5. Ethena (ENA)

Ethena (ENA) is gaining attention with its strong performance during the recent market rally. Over the past 24 hours, ENA has risen by 9.13%, reaching $0.9004 and pushing its market cap to about $2.73 billion.

This surge followed a breakout from the $0.862 level on 10 December, completing a falling wedge pattern. This pattern, which narrows with lower highs and lows, often signals a price increase. The breakout shows strong buyer interest, hinting at more growth ahead.

Technical signals also support the bullish trend. Rising trading volume and a moving average crossover suggest upward momentum. The $1 support level remains strong, and if ENA breaks past $1.19, more gains could follow.

We are excited to share that up to $1.1bn of direct allocation of USDe and sUSDe has been approved for integration into the @sparkdotfi Liquidity Layer

Details below on the partnership 👇🏻 pic.twitter.com/6pVzFhcCC3

— Ethena Labs (@ethena_labs) January 14, 2025

Last December, Ethena Labs added to the excitement by revealing details about its upcoming stablecoin, USDe. Unlike traditional stablecoins like Tether (USDT) or USD Coin (USDC), USDe is designed for both transactions and investment, offering returns. This new stablecoin highlights Ethena’s innovative approach in the DeFi space.

USDe stands out because of its staking system. Instead of relying on fiat reserves, it stakes ETH to generate rewards. This method removes short funding rates and offers holders an impressive 29% annual yield.

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