The recent resurgence in the crypto market has prompted traders and investors to induce fresh capital in the market. With renewed investor confidence and market liquidity, the prices of altcoins have witnessed considerable growth. For instance, Algorand (ALGO) has seen a 23% surge in its price over the past four weeks, pushing its market capitalization to over $2.1 billion. 

Impending Bull Market

Algorand’s daily trading volume in March 2024 has ranged from $70 million to as high as $350 million. This growth in ALGO’s trading volume is indicative of increased participation in the broader crypto market. The Fear and Greed Index, which measures the overall sentiment of the crypto market, shows Extreme Greed among investors. These factors can potentially combine and give rise to the next bull market. 

NFTFN To Rally 100x?

NFTFN, a leader in the web3 fintech space, has captured the attention of crypto experts and analysts with its sound fundamentals and unique selling propositions. Additionally, NFTFN’s lucrative presale price of $0.025 has prompted significant investment from the crypto community, enhancing its growth prospects. 

The non-fungible token (NFT) market, which is currently valued at $10 billion, is projected to reach a whopping $230 billion by 2030. Innovative projects like NFTFN, which address the challenges in the NFT space, are posed to capitalize on the growth of the NFT market and witness significant growth of up to 100x in 2024.
 

NFT Meets Innovation

NFTFN aims to democratize the blue chip NFT segment by removing the high entry barriers and providing risk management tools to traders of all levels. SuperNova (SNV), NFTFN’s revolutionary decentralized exchange (DEX), offers a novel NFT floor price index. This enables users to interact with premium NFT collections like Bored Ape Yacht Club (BAYC), Azuki, Doodles, CloneX, etc. 

Strategic Partnerships & Backing

The likes of Polygon founder Sandeep Nailwal have pledged their support to NFTFN, investing over $500k in this innovative project. NFTFN has also formed strategic partnerships with industry titans like Polygon and Binance Smart Chain (Blockchain Partners), Google Cloud Platform (Cloud Partner), OpenSea and BitsCrunch (Pricing Partners).

Well-Planned Tokenomics

Crypto pundits have commended NFTFN’s well-planned tokenomics, which prioritizes long-term stability of the token. The project has allocated just 20.3% of the tokens for public sale, which will help control public supply and limit the token’s short-term price volatility. Another 5% of the tokens have been set aside for liquidity provisioning in a bid to stabilize the token’s price.