Home Crypto Analysis Price Predictions Neutron Price Prediction 2023: What is Neutron (NTRN)?

Neutron Price Prediction 2023: What is Neutron (NTRN)?

Peter Henn
Last Updated November 15, 2023 11:14 AM
Giuseppe Ciccomascolo
Verified by Giuseppe Ciccomascolo
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Key Takeaways

  • The price of Neutron (NTRN) increased by around 66% in the month to November 15.
  • A growing number of Cosmos apps and services are embracing Neutron’s cross-chain smart contract technology.
  • Neutron could also become a key gateway connecting Cosmos to external blockchain networks.

Since Neutron launched earlier this year, multichain apps in the Cosmos ecosystem have increasingly adopted the smart contract platform, strengthening the use value of the NTRN token.

In October, Astroport stakers voted to migrate governance and staking from Terra to Neutron. The move reflects growing confidence in Neutron among users of the cross-chain decentralized exchange.

As of November 15, assets worth over $30M were deposited in Astroport’s Neutron liquidity pools, representing more than 60% of the total value locked on the platform. 

Thanks to Hyperlane Nexus and other infrastructure projects, a rapidly expanding network of cross-chain bridges is expanding Neutron across the Cosmos network and beyond.

Neutron is increasingly positioned to be the leading smart contract platform for Cosmos chains, as well as a key gateway connecting Cosmos to external ecosystems.

Neutron did not immediately respond to a request for comment.

But what is Neutron (NTRN)? How does Neutron work? Let’s see what we can find out, and also take a look at some of the Neutron Price Predictions that were being made as of November 15, 2023.

Neutron Coin Price Prediction

Let’s examine some of the Neutron price predictions being made on November 15, 2023. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2023 2025 2030
Prediction #1 $0.93 $1.72 $5.26
Prediction #2 $0.75 $1.75 $4.25
Prediction #3 $0.52 $0.85 $1.07

Neutron Price Prediction for 2023

After breaking out in November, the market has turned bullish on NTRN, with most forecasts predicting it to rise further before the end of 2023.

According to CoinCodex’s  prediction, the price of Neutron will increase by 2.56% over the next month to reach $ 0.522 by December 15, potentially climbing as high as $ 0.55 by December 31.

Neutron Price Prediction for 2025

In 2025, Coincodex’s upper price target for Neutron is around $ 1.112. Bitnation  is even more optimistic, predicting an average price of $1.75, rising to $1.90 in the most bullish scenario.

Neutron Price Prediction for 2030

By the year 2030, CoinCodex’s Neutron price prediction is less confident than others, forecasting a price range of between $ 0.944 and $ 1.194 on the high end. 

Meanwhile, DigitalCoinPrice  anticipates NTRN will be worth $4.89–$5.26 by 2030, with an average forecast of $5.26.

NTRN Price History

Now, let’s examine some of the admittedly short Neutron price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Neutron price prediction.

ntrn chart

NTRN first hit the open market in the middle of June 2023. The market had crashed following the United States Securities and Exchange Commission suing the Binance and Coinbase exchanges and, on June 15, it traded at an all-time low of $0.1951. After that, it went upwards, peaking at $0.4825 on July 3. A downturn happened, and it fell to $0.3024 on August 8. 

There were more ups and downs, but it was trading at $0.2993 on September 5. Another upswing saw it break past $0.40 later in the month. It hovered around that level for a while, dropping to $0.3615 at the end of October 9 before it spiked to an all-time high of $0.5338 on October 10. By October 13, 2023, though, Neutron was worth about $0.3265.

Recently, the price of NTRN skyrocketed to $0.52.

At that time, there were a little over 217.1 million NTRN in circulation out of a total supply of just under one billion. This gave the coin a market cap of around $71 million, making it the 287th-largest crypto by that metric. 

Recent Updates from Neutron

In October, Astroport stakers voted to migrate governance and staking from Terra to Neutron. As of November 15, the total value locked on Astroport’s Neutron liquidity pools stood at over $30M.

On November 2, Hyperlane launched Nexus, a new cross-chain bridge platform powered by Neutron. With an initial focus on Cosmos and Celestia, the project’s long-term goal is to create interoperability between all manner of different blockchains, and rollups.

Neutron Price Analysis

The price of NTRN surged by 94% recently, coming from a low of $0.28 on November 9 to $0.55 on November 14. This was its highest price since it was released on October 10. Currently, it is being traded slightly lower at $0.50 but is still in an upward trajectory overall. 

neutron chart

From its release, it fell to its lowest point of $0.25 on October 19, when the first uptrend started. It reached $0.36 on October 31 and made a reversal but managed to form a first higher low of $0.27 on November 3. 

These were the first two sub-waves of the higher degree five-wave impulse, out of which the price is currently in the ending wave 5. On November 14, the price ended its second correction for wave 4 of 27% and retraced from a high of $0.51 to a low of $0.37. 

The next and the final five-wave impulse of a lower degree count started from there, and it appears that it has one more high ahead before its completion. Considering that wave 3 got extended, wave 5 doesn’t have much room to go. 

The Relative Strength Index can also validate this on the daily chart, as it entered the overbought zone at 77%. We can expect to see one more high to the vicinity of $0.55 or just slightly above it, but then as it would mark the completion of the larger uptrend from October 19, the first significant correction. 

Google Bard AI Price Prediction for Neutron (as of November 14)

Thanks to Artificial Intelligence (AI) models’ capacity to quickly process large amounts of data and compile information from multiple sources, chatbots like ChatGPT and Google Bard can be used to forecast cryptocurrency prices.

When prompted, the latter delivered an Immutable X price prediction forecasting the token’s short, medium, and long-term prospects.

Short-Term Price Prediction (2023-2024)

Average Price: $0.50

Reasons:

  • The overall cryptocurrency market sentiment is improving, which could lift NTRN prices.
  • Neutron’s upcoming product releases could attract new users and investors.
  • The Fear & Greed Index for NTRN is currently in the “Greed” zone, indicating that investors are optimistic about the token’s future.

Medium-Term Price Prediction (2024-2025)

Average Price: $0.75

Reasons:

  • The wider adoption of blockchain technology could increase demand for NTRN’s services.
  • Neutron’s partnerships with other projects could expand its reach and usage.
  • The token’s circulating supply is relatively low, which could help support its price.

Long-Term Price Prediction (2025-2030)

Average Price: $2.00

Reasons:

  • The growth of the decentralized finance (DeFi) ecosystem could increase demand for NTRN’s cross-chain capabilities.
  • Neutron’s team has a strong track record of innovation, which could lead to further product development and adoption.
  • The token’s underlying technology has the potential to solve real-world problems, which could drive long-term demand.

Is Neutron a Good Investment?

It is difficult to tell. NTRN is still a relatively new crypto. While there is some interest in it, it is decidedly among the medium-to-lower-ranking coins and tokens at the moment. 

On the other hand, it has shown some consistency in its price, and there is a use case for it. This should stand it in some good stead, demonstrating it has a purpose and is not some useless meme coin. 

As ever with crypto, you will need to make sure you do your research before deciding whether or not to invest in NTRN.

Will Neutron go up or down?

No one can tell right now. While the Neutron crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Neutron?

Before you decide whether or not to invest in Neutron, you will have to do your research, not only on NTRN but on other coins and tokens such as Chainlink (LINK). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Neutron (NTRN) Explained

Neutron  is a platform dedicated to smart contracts, computer programs that automatically execute once certain conditions are met. The system is designed to allow people to operate smart contracts across different blockchains. 

The blockchain is based on the Cosmos (ATOM) ecosystem, although it is a chain in its own right.

It was founded in 2023 by a team including former Lido DAO (LDO) community manager Avril Duthiel. 

The NTRN coin powers the Neutron network.

It is important not to confuse the 2023 Neutron with another crypto of the same name , which is a yield-bearing coin founded in 2015.  

How Neutron Works

Neutron uses a Proof-of-Stake (PoS) consensus mechanism. This means that people add blocks to the blockchain and validate transactions based on how much NTRN they hold. 

NTRN also rewards the people who operate the computers, or nodes, which run the network. Holders can vote on changes to the system and people can buy, sell, or trade NTRN on exchanges. 

FAQs 

How many Neutron are there?

On October 13 2023, there were a little over 217.1 million NTRN in circulation out of a total supply of just under one billion.

Will neutron reach $1?

It might do, but not for a little while. Both Bitnation and DigitalCoinPrice say it can break past the dollar in 2025.

Keep in mind the highest NTRN has traded at is $0.5338, which it reached on October 10 2023.

What is Neutron used for?

The NTRN coin powers the Neutron blockchain. People can also buy, sell, and trade it on exchanges.

Further reading

Stratis Price Prediction 2023: What is Stratis (STRAX)?

Moonbeam Price Prediction 2023: What is Moonbeam (GLMR)?

Polkadot Price Prediction 2023: What is Polkadot (DOT)?

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

 

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