$NTRN Current Price: $0.4058

24h Change: -14.51%

Rank: No. 410

Market Cap: $123.53M

Fully Diluted Market Cap: $410.4M

Market Dominance: 0.0035%

24h Trading Volume: $13.35M

Vol/Market Cap Ratio: 10.81%

Circulating Supply: 301.01M NTRN

Max Supply: 1B NTRN

Total Supply: 999.83M NTRN

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Overview

Neutron (NTRN) is a relatively new player in the cryptocurrency market, currently ranked at number 410. As of the latest data, the price of NTRN stands at $0.4058, having experienced a significant decline of -14.51% in the last 24 hours. This price drop is noteworthy in the context of the broader market conditions, reflecting volatility typical in altcoins and emerging crypto assets.

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Market Capitalization and Supply

Neutron holds a market capitalization of $123.53 million, a figure that places it in the mid-tier range of cryptocurrencies. Its fully diluted market cap, which accounts for all the tokens if they were to be released into circulation, stands at a higher $410.4 million, suggesting that there's significant future supply potential, which could impact its price as more tokens are released.

The circulating supply of NTRN is 301.01 million, with a max supply of 1 billion tokens and a total supply of 999.83 million. This indicates that a significant portion of NTRN's tokens has already been distributed, but a substantial number remain to be unlocked, potentially leading to inflationary pressures unless carefully managed.

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Trading Volume and Liquidity

The 24-hour trading volume of $13.35 million represents about 10.81% of the market cap. This ratio is indicative of a fairly active market, though not as liquid as larger cryptocurrencies like Bitcoin or Ethereum. The volume-to-market-cap ratio is a useful indicator of market depth and investor interest, and in this case, it suggests moderate liquidity. A higher ratio typically points to more frequent trading, which is beneficial for traders looking for quick entries and exits.

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Price Performance and All-Time Data

NTRN has seen significant fluctuations in its price, reaching an all-time high of $1.9947 on October 5, 2023. This marks a period of impressive growth for the token. However, it has since corrected, currently trading at about 20% of its all-time high, showing that NTRN’s price is subject to volatility, which is typical for newer altcoins.

On the other hand, NTRN's all-time low was recorded at $0.1951 on February 15, 2024, which suggests that the token has experienced a strong recovery since its lowest point. The price is currently positioned between these extremes, presenting both potential risk and opportunity for investors.

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Supply Dynamics and Future Potential

The max supply of 1 billion tokens, combined with the fact that almost the entire total supply has been created, suggests that future token releases could affect the market. If more tokens enter circulation rapidly, it could lead to inflationary pressures that may push the price down. Conversely, if demand for the token increases while the supply remains relatively stable, the price could experience upward momentum.

The fully diluted market cap of $410.4 million indicates the upper limit of Neutron's market value, assuming all tokens are eventually issued. For investors, the market cap is a critical consideration, as it provides insight into the relative size of NTRN compared to other cryptocurrencies. While it’s not a massive market cap compared to major players like Bitcoin or Ethereum, it shows that Neutron could have room to grow depending on adoption and demand.

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Market Sentiment and Future Outlook

The -14.51% drop in the last 24 hours reflects some of the typical volatility in the crypto space, particularly in assets that are still emerging. However, Neutron's all-time high suggests that the token has significant upside potential if it can regain investor confidence and establish more solid use cases or partnerships.

Neutron’s market dominance is 0.0035%, placing it among smaller market cap coins, which means its price can be more easily impacted by broader market movements or speculative trading. This makes NTRN a high-risk, high-reward asset for those willing to take on volatility.

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Spot and Futures Trading Signals

1. Spot Trading Signal:

Buy Zone: $0.38 (support level).

Resistance: $0.50 (breakout level).

Profit Target: $0.45–$0.50 (short-term).

Recommendation: Accumulate on dips for long-term holding.

2. Futures Trading Signal:

Long Position: Enter near $0.38–$0.40. Target $0.45–$0.50. Stop Loss: $0.36.

Short Position: Enter near $0.50 if rejection occurs. Target $0.42–$0.40. Stop Loss: $0.52.

Current Signal: Wait for a breakout above $0.50 or a pullback to $0.38 for strategic positions.

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