Why Is Marlin (POND) Price Up? Analyst Eyes 1,001% Move

Marlin’s native token, POND, has staged a powerful 20%+ breakout over the last 24 hours amid a surge in trading volumes. The latest move cements POND’s status as a top gainer on Binance as speculation returns to cryptocurrencies focused on next-gen infrastructure development.

Per market data, Marlin just saw trading activity spike to over $37 million changing hands—a dramatic 168% uptick over typical daily turnover. This sharp rise in investor interest indicates a growing interest in Marlin’s value proposition in facilitating Web 3.0 applications.

POND is up by 50% in the last seven days and 96% in the last 30 days. The market cap has also surged past $200 million and currently stands at $209,319,763, with a 21% surge in the last 24 hours.

Source: CoinGecko

As one of the more unique layer 1 alternatives, Marlin focuses specifically on empowering developer-friendly composability and computation at the edge. Its core technology aims to future-proof decentralized networks by concentrating scaling resources on high-performance infrastructure tailored for global commercial use cases.

Bullish analysis

From a technical perspective, analyst Javon Marks points to an extremely bullish setup emerging after a sustained basing pattern. Specifically, Marlin just broke past a crucial resistance level that could propel prices towards ambitious upside targets:

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“With this target in play due to a breakout, another +1,001% move to reach it can be well on its way…”

While four-figure percentage gains likely require an elongated timeframe, the improving technical posture confirms investor conviction is returning around Marlin’s growth trajectory.

As more builders experiment with advanced architectures, demand for POND will likely keep accelerating higher amid the reinvigorated momentum.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!