Crypto Experts Predict These New Altcoins to See Price Pump Because of Strong Use Cases
The cryptocurrency market has risen by 1% in the past 24 hours, following a week that saw its total cap drop from about $1.18 trillion on Tuesday to $1.1 trillion by Saturday. However, with today's slight recovery, the market is now up to $1.123 trillion, representing a decline of 3% in a week and a rise of 35.6% since the start of the year.
While the overall market hasn't moved much today, there are a number of coins that have posted above-average gains the past 24 hours. This article rounds them up, while also including a few interesting presale tokens that may have the potential to grow steadily once they launch and list on exchanges.
STAX has risen by an impressive 24% in the last day, rising to $0.942498 and capping a 58% gain in the past week. Its current price also means it has risen by 215% in the last 30 days, with its chart indicating some very strong momentum right now.
Indeed, its relative strength index (purple) has risen over 80 and its 30-day moving average (red) is climbing steeply above its 200-day (blue). This signals very strong buying momentum right now, although it may only be a matter of time before the coin becomes overbought and necessitates a fall.
STAX has been rising in the past week or so due to a renewed interest in Bitcoin-based smart contracts and dapps. In turn, this was caused by the launch of Ordinals, a protocol for deploying non-fungible tokens (NFTs) on the Bitcoin blockchain.
As the biggest layer-two network for Bitcoin, Stacks is extremely well placed to take advantage of the growth in Bitcoin-based NFTs. And given that BTC remains the hardest money in the ecosysten with the most robust blockchain network, it does seem that people are becoming increasingly interested in Bitcoin-based NFTs, which means becoming interested in Stacks.
As such, even if STAX may witness a slight correction in the coming days, it's due for further gains as the year progresses.
At $13.23, NEO is up by 7% in the last 24 hours, and by 27% in the past week. It also happens to have risen by 59% in the last 30 days, helped by the news that Hong Kong is to legalize cryptocurrency trading and ownership.
NEO's 30-day moving average is also rising decisively above its 200-day, signalling a clear breakout to a new medium or longer term level. At the same time, it's encouraging to note that its RSI has begun rising towards 70 again, after dipping in the wake of a move to nearly 90.
As mentioned above, NEO is likely rising because of incoming crypto regulation in Hong Kong, which has sparked a 'China narrative' and 'Hong Kong narrative' in the market.. And with NEO being one of the biggest China-based tokens and platforms in the market, it seems to be the chief beneficiary of this news.
Neo also happens to be a busy layer-one network in its own right, with a steady (if unspectacular) total value locked in and a healthy number of apps. As such, it's arguably undervalued right now, and due to correct for last year's losses.
Fight Out (FGHT)
The Fight Out (FGHT) presale has raised just over $4.7 million, with the price of FGHT tokens now rising every 12 hours as the sale reaches its endgame. The fact that its total raised is increasing so quickly indicates that there's significant market interest in the move-to-earn Web3 platform, which plans to reward users for engaging in a wide variety of workouts, activities and courses when it launches in the second quarter of the year.
With the sale due to close on March 31, Fight Out has been busy securing listing support from a growing roster of exchanges. In fact, LBank Exchange, XT.com and BKEX have all confirmed FGHT listings, with more set to come.
In addition to being a one-stop shop for reward-based fitness, Fight Out will also have a strong social element, enabling users to share their latest workouts and results, discuss news, follow each other, and post status updates. This is likely to keep users motivated and coming back for more, and with FGHT set to be used to pay for the app's subscription fees, it will likely see rising demand once the platform launches.
Running on BNB Chain, C+Charge (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations. Having raised more than $1.7 million in its token offering, it aims to use blockchain and crypto to democratize access to carbon credits, with its native CCHG set to be used within its network by EV owners to pay to charge their vehicles.
C+Charge will reward users with NFT-based carbon credits for charging their EVs at its stations, giving people an incentive to go green. Interestingly, it has recently begun burning non-sold CCHG tokens from each stage of its presale, meaning that its fixed supply of 1 billion is already declining.
Begun only recently, Metropoly's presale has already raised in excess of half a million US dollars, with the decentralized real estate marketplace working towards $1 million before it enters the next stage of the sale.
Metrpoloy has already launched in beta (doing so at the end of 2022), enabling users to purchase real estate -- and even fractional real estate -- as non-fungible tokens. As a sign of just how accessible it will make real estate investment to retail investors, buyers can be anywhere in the world, do not need to go through banks, and can buy fractions of property with as little as $100.
This makes Metropoly one of the most interesting new Ethereum-based platforms in the cryptocurrency ecosystem. And with 1 METRO token currently selling at $0.0625, early investors still have a chance to buy some on the cheap.