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NFT tokens (NFTFN) have been gaining interest from cryptocurrency enthusiasts and experts, with some speculating that they will soon soar 50x.
Over the past month, top cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have posted double-digit gains, significantly increasing their respective market caps.
Meanwhile, new altcoins like NFT tokens are attracting interest from cryptocurrency enthusiasts and experts, and are estimated to soar up to 50x in the coming months.
Bullish momentum in the market
After a disappointing crypto winter from 2022 to 2023, the crypto market recovered in 2024. Armed with bullish momentum and overall positive sentiment, Bitcoin and Ethereum have risen 19% and 10%, respectively, over the past four weeks. In March 2024, Bitcoin's market capitalization increased by a whopping $190 billion. Meanwhile, Ethereum's market capitalization increased by more than $40 billion.
NFTFN Potential Price Action
This surge signals a bull run in the broader crypto market, which could push prices higher overall. Another potential trigger for crypto prices is the upcoming Bitcoin halving event. BTC halving is one of the hottest phenomena in the cryptocurrency market, considering its impact on cryptocurrency price fluctuations.
The impending bull market, coupled with the bullish sentiment caused by the upcoming Bitcoin halving, is expected to drive the price of NFTFN significantly higher. From the current pre-sale price of $0.025, NFTFN could reach $1.25 in the next bull run.
NFTFN growth outlook
NFTFN is a pioneer in the Web3 fintech space that aims to revolutionize the non-fungible token (NFT) market. With innovative products like SuperNova (SNV), NFTFN plans to take on the challenge of his NFT space and make his premium NFT collection accessible to a wider range of ambitious investors.
The NFT market is currently valued at $10 billion. However, this number is expected to grow significantly in the coming years, reaching $230 billion by 2030. NFTFN focuses on the issues plaguing the NFT sector, and the project is poised to benefit from the growth of the broader NFT market.
Tokenomics and strategic partnerships
Crypto experts highlight NFTFN’s well-planned tokenomics that prioritizes the long-term stability of the token. In order to control the supply of tokens and limit short-term price fluctuations, only 20.3% of the total supply is allocated for public sale.
Additionally, NFTFN has strategic partnerships with industry giants such as Polygon and Binance Smart Chain (blockchain partner), Google Cloud Platform (cloud partner), OpenSea and BitsCrunch (pricing partner).
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