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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.
In the dynamic realm of cryptocurrency, where trends ebb and flow, one category of tokens has consistently captured the attention of investors: altcoins. At the start of this year, the crypto market spent a few months in the bear market, but later on, things are beginning to look up for altcoins.
In the dynamic realm of cryptocurrency, where trends ebb and flow, one category of tokens has consistently captured the attention of investors: altcoins. At the start of this year, the crypto market spent a few months in the bear market, but later on, things are beginning to look up for altcoins.
After months of losses, many investors have reported making decent gains, though they are still hoping for more, especially after the November/December 2024 bull run. A startup investing platform, StartupVista, has stated that over 60% of investors have seen triple-digit returns in the past six months.
Now, most of the funds are focused on assets that are already showing signs of a breakout. But in this article, we’ll be examining cryptocurrencies that have shown promise for significant growth, especially before the year runs out.
Now, most of the funds are focused on assets that are already showing signs of a breakout. But in this article, we’ll be examining cryptocurrencies that have shown promise for significant growth, especially before the year runs out.
The aim is to identify coins that have potential and can help investors and traders make informed decisions about each token.
The aim is to identify coins that have potential and can help investors and traders make informed decisions about each token.
Next Cryptocurrency To Explode
In the constantly shifting landscape of crypto, new momentum is brewing, and some coins are beginning to display strong signals of a breakout. Today's article delves into the performance of potentially explosive cryptos that investors should include in their watchlist.
In the constantly shifting landscape of crypto, new momentum is brewing, and some coins are beginning to display strong signals of a breakout. Today's article delves into the performance of potentially explosive cryptos that investors should include in their watchlist.
It also features a special mention of the presale token, Solaxy. This new meme coin offers a unique blend of these two dynamics by combining meme coins’ levity and reward potential with the practical utility of a Layer 2 blockchain solution.
1. Quant (QNT)
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.
Credit: TradingView
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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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