The world of cryptocurrencies is never dull, with new projects popping up regularly, and investors on the lookout for the next big thing. In the past 24 hours, the cryptocurrency market has seen an overall increase of 1%, which is promising after a week of decline. However, some coins have performed exceptionally well, suggesting they may be the next big thing in the market.
🪙 Stacks (STAX) is one of those coins that has recently posted impressive gains, capping a 58% gain in the past week. This is because of renewed interest in Bitcoin-based smart contracts and DApps. With STAX being the biggest layer-two network for Bitcoin, it’s expected to continue its growth with the increasing popularity of Bitcoin-based NFTs.
🪙 NEO is another altcoin that has seen a recent surge in price. At $13.23, it has risen by 27% in the past week. The rise can be attributed to the news that Hong Kong is to legalise cryptocurrency trading and ownership, which has sparked a ‘China narrative’ and ‘Hong Kong narrative’ in the market. Being one of the biggest China-based tokens and platforms in the market, NEO is expected to be the chief beneficiary of this news.
🪙 Metropoly (METRO) is a new Ethereum-based platform in the cryptocurrency ecosystem, with a promising use case. Metropoly is a decentralised real estate marketplace that allows users to purchase real estate as non-fungible tokens, making it accessible to retail investors from anywhere in the world.
Its presale has already raised in excess of half a million US dollars, and the decentralised real estate marketplace is working towards $1 million before it enters the next stage of the sale. With 1 METRO token currently selling at $0.0625, early investors still have a chance to buy some on the cheap.