Neutron Crypto: What’s next for NTRN after achieving ATH?
- Neutron crypto has been maintaining momentum after achieving its all-time high on 16 December, with a rally of 6.7% over the past day.
- The Neutron crypto – one of the most secure cross-chain smart-contracting platforms- has registered gains of over 145% over the past month.
- The 143-ranked token has been rising on news of the Eclipsefi Launchpad’s launch on Neutron’s platform on 22 December.
The Neutron crypto’s rally refuses to die down. After achieving its all-time high price of $1.38 on 16 December 2023, the token again showed signs of solid momentum, gaining over 6.7% at the time of writing on Sunday.
The Neutron crypto is primarily a blockchain network which aims to bring smart contracts into the Cosmos-family blockchains using CosmWasm. According to the website, the Neutron works with networks using the IBC protocol and its block validation is provided by the Cosmos Hub network using Interchain Security.
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Neutron is built using the Cosmos SDK framework. A generalized framework that simplifies the process of building secure blockchain applications and is based on two primary principles: Modularity & capabilities-based security.
Why is Neutron crypto rallying?
The Neutron crypto is rallying on the news of the Eclipsefi Launchpad’s launch on Neutron’s platform. The launch is expected to take place on 22 December, and it is expected to garner more attraction to the token.
The token is one of the most secure cross-chain smart-contracting platforms, which uses the security of a top 10 blockchain with bleeding-edge cross-chain infrastructure to enable DeFi applications to scale across a growing network securely.
Neutron provides operator sets and integrations with leading wallets, explorers, bridges, oracles and more so that developers can focus on the products. With an RSI of 78.20, the token is already showing in the overbought zone, with the market participants showing their intent to buy more.
Image Credit: Trading View
The MACD interest in the token seems to have zoomed off with strong momentum gripping the token. The MACD line is way above the signal line (indicated in red), showing the strength of the momentum.
How is the Neutron crypto price faring?
At the time of writing, the Neutron crypto was trading at $1.21 with a 24-hour trading volume of $10,06,44,307. With a live market cap of $32,37,77,114, the NTRN crypto had a circulating supply of 26,84,13,351 NTRN coins.
The token is now 374.50% above its all-time low score of $0.250888 and is now up by a rally of over 145.9% over the past month. With such a strong momentum, it won’t be a surprise to see the momentum getting stronger as Christmas arrives.
While this may be good news, the market participants need to be wary of market correction, which may play spoilsport to their plans. Therefore, proper market research is critical before making any investment decisions.
Disclaimer
The information discussed by CoinCryptoverse does not offer any financial advice. This is for educational, entertainment, and informational purposes only. Trading in cryptocurrencies involves high risks, including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are highly volatile and may be affected by external factors such as financial, regulatory, or political events.