A low-cap altcoin is erupting in the last seven days as the broader crypto markets flash signs of strength toward the end of the week.

STORJ, the native asset of Storj, a decentralized protocol designed to provide an end-to-end encrypted cloud storage platform, has more than doubled its value in just one week.

From a seven-day low of $0.40, STORJ surged to a high of $0.96 to record gains of over 140%. The 205th-ranked crypto asset by market cap has slightly retraced since and is trading for $0.90 at time of writing. It does remain down over 72% from its all-time high of $3.23, which it hit in March of 2021.

Storj aims to provide affordable and ridiculously resilient cloud object storage with blazing performance and zero-trust security, according to its website.

The project recently announced the addition of three new non-fungible token (NFT) customers, including Europa Labs, Ultimate Division and AMUZED.

Explains Ben Golub, the chief executive of Storj,

Storj is ideal for storing digital assets like NFTs because it brings enterprise-grade performance, durability and security to Web3. Minting platforms and brands can trust that their customers will always have instant access to their NFTs. Other pinning services use centralized services or decentralized platforms with limited availability. Storj brings a new standard of speed and permanence to NFTs and is excited to work with these visionary NFT platforms.

Featured Image: Shutterstock/korrakot sittivash/Vladimir Sazonov

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One Low-Cap Altcoin Skyrockets by More Than 140% in Just One Week As Crypto Markets Rebound - The Daily Hodl

The Decentralized Finance chain has been gradually recovering from Junes losses. But in the process, an interesting pattern has been revealed, which might hint at XTZs course of action over the next couple of days.

The MACD indicator (MACD, blue and signal line, red) registered a nine-day EMA. Both, the blue and the red lines entered a bullish crossover earlier this week after XTZ began recovering the dip it observed this month. In doing so, it highlighted a repeated rise and fall pattern, keeping the altcoin constrained within the downtrend for almost nine months now.

Since the beginning of this year, the bullish crossovers that took place only lasted for a period of 15 to 20 days. In this time period, XTZ successfully rallied only to be stopped short just as it tested the downtrend line either as resistance or support.

Active since October 2021, the downtrend has been tested multiple times since. And, the altcoin has failed to sustain its rise every single time. XTZ is about to test new levels once again, and it might be subjected to a similar fate this time as well.

The DeFi token is potentially looking at a 20.81% rally which could take the price of the token from $1.6 at press time to $1.94. Post which, XTZ might linger in the zone for a few more days or could end up falling right after.

However, looking at the past performance of the altcoin, it is safe to state that the MACD will transition into a bearish crossover on or before 10 July. As for whether or not it can sustain the rally and close above the downtrend, the outcome in favor of the former is highly unlikely.

Firstly, because the present state of the asset is in no way good enough to draw the support of new investors, whose inflows are crucial towards a rally. This is because the returns on XTZ are heavily negative.

The yearly ROI currently stands at -48.9%, and the market value of the asset is declining, with every passing day, having already slipped into the bearish zone in November 2021.

However, for some reason, the transactions on-chain have increased by 215% since April, with the network now handling about 693k transactions as opposed to approximately 220k from back in March.

Regardless, the broader appeal of the asset isnt enough to sustain the positive signals.

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Tezos: Assessing if XTZ holders will witness another crash in July - AMBCrypto News

Published 23 hours ago

A bullish breakout from a six-week-old resistance trendline initiated a recovery course for the APE price. As a result, the post-retest rally surged the altcoin by 35% as it challenged another resistance of $5.3; should you enter?

Source-Tradingview

Since mid-May, the APE/USDT pair showcased a steady downfall responding to a descending trendline. Following the resistance trendline, altcoin reached a low of $3.09 on June 15th. However, amid improving market sentiment, the coin price showed sustainability above the new support.

Thus, the buyers managed to propel the APE price to 53.7% higher, which breached the dynamic resistance trendline on June 20th. Furthermore, the minor retest got a foothold at the flipped support trendline, suggesting the market sentiment has switched from sell-on-rallies to buy-on-dips.

The sustained buying drove the APE price above the $4.8 level and, just today, the $5.33 resistance. If the buyers give a candle closing above this resistance, the accelerated buying could price to the $6 psychological level.

On a contrary note, if the sellers undermine the bullish recovery and sustain the APE price $5.33 mark, the traders can expect a minor pullback.

EMAs: the 200 EMA wavering around the $5.5 mark stalls the recovery rally from breaching the $5.3 resistance. However, the buyers have reclaimed the other crucial EMAs(20, 50, and 100), which could provide a significant foothold for occasional pullbacks.

RSI indicator: Despite a trending price action, the daily-RSI walking a lateral path suggests bullish momentum is wearing off. Thus, this bearish divergence may encourage a bearish pullback.

From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Apecoin Price Analysis: Rising APE Price Knockout Another Barrier; is $6 Next? - CoinGape

Even though there is no living man that can claim he is good at predicting anything, let alone prices of novel financial assets like digital currencies, we have decided to jot down our opinions on the future of the biggest cryptocurrencies on the market.

For these long term predictions, we steered clear of using technical analysis as we deem that type of forecast methods to be more suitable for short and middle term predictions. We put the focus on the fundamentals of respective projects and voiced our opinions on their potential based on these fundamental truths.

The concrete values in dollars we noted in the articles are a summary of most popular algos that predict cryptocurrency prices like Cryptoground, Tradingbeasts and WalletInvestor.

Here is a complete a list of our predictions for the majority of high cap altcoins.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Altcoin Price Predictions 2022 - 2025 - 2030 - CaptainAltcoin

Altcoins are far different from Bitcoin theyre all other cryptocurrencies outside Bitcoin. Short for alternative coins theyre essentially every crypto coin on the market, which was over 18,000 as of March 2022. At the top of the food chain are Bitcoin and Ethereum, worth $20,956.6 and $1072.15, respectively, at the time of writing. Ethereum is one of the most promising altcoins, especially now that its linked to NFTs and the metaverse. Still, its the 17,999 other altcoins that need to gain popularity to become a viable consideration for a payment option. Lets explore how that might happen.

The first altcoin entered the market two years after Bitcoin in 2011, called Litecoin. It transpires that Litecoin was to be the first of many thousands of altcoins to flood the market, all with different purposes but all of them with a similar composition to Bitcoin. They both share the same source code and operate on the same peer-to-peer systems, like Coinbase. In some instances, altcoins have attempted to become the next Bitcoin by providing a cheaper and more viable eCommerce method.

One of the glaringly obvious differences between altcoins and bitcoin is the uses and applications. Altcoins are designed to have multiple functions. Some coins are used solely for mining, others as stablecoins, some as security tokens, and others are nothing more than meme coins. But Bitcoin has the sole function of being a way for people to send money on the internet using a decentralized blockchain.

Bitcoin is already a payment option because it was created to be just that.

Alternative payment methods have become increasingly popular in recent years. The migration of transactions from physical to online was inevitable. The use of prepaid digital cards and digital wallets online at online casinos like Dunder, local vinyl vendors, and leading high-street retailers like Zara is now common., and widespread. The use of digital solutions in physical stores remains on the rise too.

Still, it took many years for Bitcoin to actually become a payment option in the real world, as it were, with brands like Lush, Etsy, and Dunder allowing shoppers or players to spend using Bitcoin. How did Bitcoin get there? Through trust and evolution. The value of Bitcoin is relatively stable against the dollar compared to many of the altcoins, and it comes with cheaper transaction fees that appeal to vendors and sellers.

People now trust that Bitcoin is stable enough to become a viable payment option, with fluctuations in value only ever being small and the ability to trade Bitcoin into dollars being easy.

Altcoins have a lot to do to catch up in the sense that the value isnt as trusted, and some altcoins are generally not suitable to be a viable payment method for sellers to accept. For example, the meme coin Dogecoin, although its now gaining value, is still regarded as a coin with no real-world value and holds little value in the crypto world. The value of altcoins varies dramatically, making it more of a risk for sellers to accept it as a payment option, as within the timeframe of completing a transaction, an altcoin could lose half of its value.

The only coin making real-world progress is Ethereum, although its progress is now more notable in the digital world with NFTs and the metaverse. At present, altcoins have more uses for trading and investment than a real-world payment option.

Altcoins are intriguing. They have multiple uses and functions that appeal to investors, and theres no denying that the use of altcoins is expanding as more investors dive into the altcoin investment world. But theres also no denying that most altcoins arent likely to become an accepted payment method anytime soon.

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How Popular Must Certain Altcoins Become To Be Used As Payment Methods - TronWeekly