Neutron’s native token NTRN has seen a significant 27% price surge over the last 24 hours. However, according to crypto analyst 10Δ, there are several reasons why the smart contract platform’s token still has ample room left to run. He suggests NTRN could reach $5, representing over 250% upside from current levels around $1.33.
As 10Δ explains, Neutron acts as a critical “modular hub” within the expanding Cosmos and Celestia ecosystem. It combines the security of a top 10 staked blockchain with cutting-edge interoperability to enable DeFi apps to securely scale across 51+ blockchains.
Additionally, Neutron solves a key Cosmos user experience problem by pioneering cross-chain smart contracts. This allows users to interact with dApps across different chains without needing to manually move assets around. Potential cross-chain use cases include staking, swaps, and money markets.
Other key strengths 10Δ highlighted include Neutron’s leveraged security from the Cosmos network, safety advantages from its replicated security model, and seamless interoperability with Ethereum, Layer 2 solutions, and other Cosmos-based chains. This positions Neutron as the hub for on-chain activity across Cosmos.
Beyond Neutron’s impressive technical capabilities, 10Δ notes several reasons why its NTRN token offers an asymmetrical upside opportunity for investors. These include:
“No inflation + deflationary tokenomics (75% of fees burned) + hard cap of 1B $NTRN + no unlocks until June 2024”
With strong tokenomics and thoughts backing from major crypto funds like Binance Labs and CoinFund, 10Δ sees Neutron’s relatively modest $350M market cap leaving substantial room for growth. He specifically compares NTRN’s valuation versus similar smart contract platforms like Celestia, Cosmos, and Injective, concluding Neutron should ultimately reach around a $5 token price.
Given Neutron’s array of strengths and its large discount to peers, 10Δ expects an eventual $1.5B market cap. With NTRN currently trading around $1.33, this implies over 250% upside potential still ahead if his analysis proves accurate. And with the asset already pumping 27% in a single day, Neutron’s surge may just be getting started as more investors discover this still under-the-radar project.
You may also be interested in:
- LINK Comes Back Fighting: Chainlink Technical Analysis Post Market Crisis
- Stratis’ Strax Surges Over 60% in Two Days Following This Key Announcement: Why The Move May Not Last
- Bitcoin Might Be Down, But $BTCMTX Continues Rising After Crossing $7.4 Million In Funding – Here’s Why
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters