Next Cryptocurrency to Explode: Promising Coins Investors Should Monitor

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 cryptocurrency market is known for its volatility and rapid changes, presenting both opportunities and risks for investors. As the crypto market continues its bullish run, several tokens have shown promising potential.

Today's market analysis highlights promising cryptocurrencies that investors should keep an eye on. 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.

Here's a closer look at five promising cryptocurrencies to consider:

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.

Onyxcoin (XCN) price chart for Jan. 23, 2025 | Source: TradingView

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 Chain 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 $371,00