Crypto Experts Predict These New Altcoins to See Price Pump Because of Strong Use Cases

cryptonews.com:

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