NTRN (Neutron) 24-hour pump 11.37%

Gate News Bot news, on August 25, according to CoinMarketCap, as of the time of writing, NTRN (Neutron) is currently priced at $0.11, with a rise of 11.37% in the last 24 hours, reaching a high of $0.11 and a low of $0.09. The current market capitalization is approximately $67 million, an increase of $6.85 million compared to yesterday.

Neutron is an open network dedicated to creating a fair and efficient financial ecosystem for everyone. The platform has a growing suite of applications where users can trade cryptocurrencies, earn yields, and stake. Neutron supports a variety of financial products and services, including perpetual contract trading, self-repaying loans, lending, and liquid staking. The network also supports smart contract development, allowing developers to build applications using high-performance built-in infrastructure without sacrificing speed, cost efficiency, and composability. Neutron's smart contracts can natively register accounts, trade, and query across over 100 IBC-connected networks without needing to redeploy for cross-chain expansion.

Important news about NTRN recently:

1️⃣ Neutron ecosystem continues to expand The Neutron network has recently shown a strong trend of ecosystem growth. As an open financial network, Neutron continuously attracts new applications and services to join its platform. This expansion of the ecosystem brings more use cases and demand for the NTRN token, which may be one of the important factors driving its price rise.

2️⃣ Cross-chain functionality gains market recognition Neutron's smart contracts can operate seamlessly on a network with over 100 IBC connections, and this unique cross-chain capability is gaining increasing market attention. As the demand for cross-chain solutions grows, Neutron's technological advantages may attract more developers and users, thereby enhancing NTRN's market capitalization.

3️⃣ Diversification of DeFi Services The diverse DeFi services offered by the Neutron platform, such as perpetual contract trading, self-repaying loans, lending, and liquidity staking, are attracting more users to participate. The increased activity of these financial products may have led to a rise in demand for the NTRN token, thereby supporting its price pump.

From a technical perspective, the price of NTRN has broken through the psychological barrier of $0.10, showing strong pump momentum. However, investors still need to closely monitor the overall trends in the cryptocurrency market, as it may impact the price direction of NTRN.

This message does not constitute investment advice; investors should be aware of market volatility risks.