The recent resurgence of the crypto market has resulted in favorable price action for hundreds of cryptocurrencies. Toncoin (TON) has emerged as one of the most profitable altcoins of the latest crypto market cycle, gaining more than 128% since the beginning of the year. However, investors holding Toncoin are increasingly swapping their TON holdings for a new cryptocurrency that has taken the crypto market by storm.
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TON Gains Diverted To NFTFN?
Data from CoinMarketCap shows that Toncoin’s price has rallied over 80% in the past four weeks alone. This surge in TON’s value has added $8 billion to its market capitalization, taking it to a whopping $17.2 billion. Despite these impressive stats, the daily trading volume of Toncoin has witnessed a drastic decline over the past few days.
In an interesting turn of events, TON’s daily trading volume declined 68% in just four days, going from $445 million to $138 million. This signifies declining investor interest in Toncoin, while simultaneously benefiting another altcoin. Latest investment trends suggest that after making bank on Toncoin’s recent rally, TON investors are now moving to a presale token called NFT Finance (NFTFN).
A Closer Look At NFTFN
NFTFN is a leader in the web3 fintech space, offering innovative solutions to tackle the problems that currently plague the non-fungible token (NFT) market. With its strong foundation and unique selling propositions, NFTFN has become a disruptive force in the NFT market.
SuperNova (SNV), NFTFN’s flagship product, is a revolutionary trading platform that offers uses derivatives and indices to provide synthetic exposure to premium NFT collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Doodles, and CloneX.
Lucrative Presale Opportunity
NFTFN is currently in stage 1 of its presale, where investors and traders are eagerly lining up to buy the token for just $0.025 (supply limited to 1 billion tokens). Crypto pundits speculate that the eventual success of SNV combined with outside catalysts like the upcoming Bitcoin (BTC) halving, can boost the price of NFTFN significantly.
Apart from coming up with a well-planned tokenomics, the visionary team behind NFTFN has attracted support from the likes of Polygon founder Sandeep Nailwal. NFTFN has also forged strategic alliances with industry leaders like Binance Smart Chain, Polygon, BitsCrunch, OpenSea, Google Cloud Platform, and WOW Earn among several others.
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