Neutron Price Prediction 2024: Can NTRN Build on Recent Climb?
What's next for Neutron?
Key Takeaways
- The price of Neutron (NTRN) has risen since it launched last year.
- 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.
- One Neutron price prediction says it can reach $4.55 next year.
Since Neutron launched in 2023, multichain apps in the Cosmos ecosystem have increasingly adopted the smart contract platform, strengthening the use value of the NTRN token.
Neutron experienced a surge in late 2023 and early 2024 and, despite a dip in January, it is moving back up the charts.
On February 13, 2023, Neutron was worth about $1.30.
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 February 13, 2024.
Neutron Coin Price Prediction
Let’s examine some of the Neutron price predictions being made on February 13 2024. 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.
First, CoinCodex had a short-term Neutron price prediction that said the crypto would trade at $1.30 on February 18 before $1.37 on March 14. The site’s technical analysis was highly bullish, with 18 indicators sending downbeat signals and none making bearish ones.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $2.57 | $3.06 | $9.45 |
| Prediction #2 | $3.25 | $4.55 | $11.05 |
| Prediction #3 | $2.49 | $1.80 | $5.02 |
Neutron Price Prediction for 2024
DigitalCoinPrice made a neutron price forecast of $2.57 for this year. Bitnation said it would reach $3.25 by December. CoinDataFlow said NTRN would trade at a yearly high of $2.49 in 2024.
Neutron Price Prediction for 2025
Moving on, DigitalCoinPrice said NTRN would reach $3.06 in 2025, while Bitnation went higher at $4.55. CoinCodex said Neutron could trade at $1.80 next year.
Neutron Price Prediction for 2030
Looking at a more long-term Neutron Price Prediction, DigitalCoinPrice said it would reach $9.45 in 2030. Bitnation had it coming in at $11.05 that year. CoinCodex’s NTRN price prediction had it reach a maximum $5.02 at the start of the next decade.
Google Gemini AI Price Prediction for Neutron (as of February 13)
Google’s Gemini AI platform gave the following price prediction for Neutron on February 13. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.
Short Term (Next 3 Months):
- Reasonably uncertain: Recent performance suggests short-term volatility. Price predictions vary, with some expecting a slight increase (around $0.10 – $0.12) due to potential community-driven initiatives and exchange listings. Others anticipate a possible dip depending on broader market trends.
- Reasoning: Short-term movements are heavily influenced by market sentiment, trading volume, and news surrounding Neutron. Positive developments like strategic partnerships or platform updates could boost the price, while negative news or market downturns could lead to a decrease.
Medium Term (Next 6-12 Months):
- Cautiously optimistic: Many analysts see potential for moderate growth (around $0.15 – $0.25) based on Neutron’s focus on privacy and scalability. However, achieving mass adoption and overcoming ongoing competition remain challenges.
- Reasoning: Medium-term predictions consider factors like team progress on roadmap goals, community growth, and partnerships. Successfully launching new features and attracting more users could drive price appreciation.
Long Term (Next 3-5 Years):
- Highly speculative: Long-term predictions involve significant uncertainty and depend on unpredictable factors. If Neutron manages to establish itself as a leading privacy-focused platform with widespread adoption, its value could rise considerably (potentially reaching $1 or more).
- Reasoning: Long-term scenarios depend on Neutron’s ability to overcome competition, gain regulatory clarity, and achieve real-world use cases. Success in these areas could lead to significant price growth.
Important Notes:
- These are just possibilities, and the actual price could move significantly in either direction based on unforeseen events.
- Investing in cryptocurrency carries inherent risks, and you should never invest more than you can afford to lose.
- Always conduct your own research and consider seeking professional financial advice before making any investment decisions.
Please remember that these are just potential scenarios, and the actual price of Neutron could be significantly higher or lower depending on various factors. It’s crucial to do your own research and invest responsibly.
Recent Updates from Neutron
In January 2024, Neutron announced that it was partnering with crypto platform Kado to help with fiat currency onboarding.
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 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.
Later on in the year, the crypto rallied and it closed 2023 at $1.10. The coin continued to move up, peaking at an all-time high of $1.66 on January 9. It then dipped to $0.9992 on January 23 but went back up. On February 13 2024, Neutron was worth about $1.30.
At that time, there were about 278.7 million NTRN in circulation out of a total supply of just under one billion. This gave the coin a market cap of around $363 million, making it the 143rd-largest crypto by that metric.
Neutron Price Analysis
NTRN finished a bull phase in January, coming from a low of $0.28 in November last year. It then entered a corrective phase, with the price falling just below $1. At the time of writing, February 13, NTRN has reached a high above $1.30, recovering by 33%.
There are two potential scenarios ahead. Either the correction ended the rise since late January is a new uptrend, or this recovery is a correction with another low before it ends.
It all depends on what happens next. If Neutron can climb above $1.50, it could mean that there’s a newer, bigger uptrend and the crypto could reach a new all-time high of more than $2.
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.
From the Whitepaper
In its technical documentation, or whitepaper , Neutron says: “Neutron is a blockchain network that brings Smart Contracts into the Cosmos-family blockchains using CosmWasm. Neutron works with networks using the IBC protocol. Neutron security (block validation) is provided by the Cosmos Hub network using Interchain Security.”
Who are the Founders of Neutron?
A team including former Lido DAO (LDO) community manager Avril Duthiel founded Neutron in 2023.
Fact Box
| Supply and Distribution | Figures |
|---|---|
| Maximum supply | 1,000,000,000 |
| Circulating supply on February 13, 2024 | 278,772,717 (27.88% of maximum supply) |
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.
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.
Neutron Attention Tracker
Here is a chart for the Neutron (NTRN) Google search volume for the past 90 days. This represents how many times the term “Neutron (NTRN)” has been Googled over the previous 90 days.
FAQs
Will neutron reach $10?
It might do, but not for a little while. DigitalCoinPrice says it can get there in 2031, while Bitnation says it can get there in 2029.
What is Neutron used for?
The NTRN coin powers the Neutron blockchain. People can also buy, sell, and trade it on exchanges.
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.
Heroes of Mavia Price Prediction 2024: Can MAVIA Spearhead Gaming Renaissance?
