Ethereum

PolySwarm

BlackRock

PolySwarm (<a href="https://coinmarketcap.com/currencies/polyswarm/" target="_blank" rel="noopener noreferrer nofollow">NCT</a>) has registered an over 90% price increase in the past 24 hours, as major crypto assets experience minor dips across the board. PolySwarn is a blockchain project focused on strengthening cybersecurity in the Web3 space.&nbsp;
The current PolySwarm(<a href="https://coinmarketcap.com/currencies/polyswarm/" target="_blank" rel="noopener noreferrer nofollow">NCT</a>) price of $ 0.0397 represents a rise of 91% in the last 24 hours and an impressive 56.53% increase in the past week. The current circulating supply of 1.7 billion NCT gives PolySwarm a market cap of over $65 million.
PolySwarm, which is based on the Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) network, is a Decentralized Antivirus and Cyber Threat Intelligence Ecosystem that uses smart contracts and blockchain technology to reward a global community of cybersecurity professionals.
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Instead of depending on one source for cybersecurity, PolySwarm provides a common place where enterprises, consumers, vendors and different experts come together to build a unified marketplace.
Through this collaborative process, anti-malware engines are built by various cybersecurity experts, which produces a fast-paced innovation to cope with emerging threats.&nbsp;
While this is in stark contrast to the predominant market dynamics, PolySwarm believes in interoperability and cooperative problem-solving, hence the participants can be sure of the collective protection provided by several anti-virus solutions.
Cybersecurity is a cornerstone discipline that protects digital systems, networks, and confidential data from cyber attacks or unauthorized access. In a world where almost everything is connected through advanced technologies, strengthening cybersecurity is paramount.
As PolySwarm (NCT) continues its bullish momentum, other cybersecurity tokens are experiencing varying fortunes. Hacken (<a href="https://coinmarketcap.com/currencies/hackenai/" target="_blank" rel="noopener noreferrer nofollow">HAI</a>) and BLOCX (<a href="https://coinmarketcap.com/currencies/blocxtech/" target="_blank" rel="noopener noreferrer nofollow">BLOCX</a>) have seen positive gains of 20.32% and 34.16%, respectively. On the flip side, gotEM (<a href="https://coinmarketcap.com/currencies/gotem/" target="_blank" rel="noopener noreferrer nofollow">GOTEM</a>) faces a 37.44% decline, emphasizing the dynamic nature of the cybersecurity crypto market. Quantstamp (<a href="https://coinmarketcap.com/currencies/quantstamp/" target="_blank" rel="noopener noreferrer nofollow">QSP</a>) has seen a decline of 8.6% in the past 24 hours, according to CoinMarketCap.
At the time of writing, the total market capitalization for cybersecurity coins stands at $463.7 million, with a trading volume of $119.2 million, per CoinMarketCap data.
The alt-coin market appears to be following Bitcoin’s <a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">(BTC)</a> recent surge that is impacting the entire cryptocurrency market.&nbsp;
The rise appears motivated by positive sentiment around the new exchange-traded funds <a href="https://crypto.news/bitcoin-etf-gold-investing/" rel="noopener noreferrer nofollow">(ETF)</a> and the upcoming <a href="https://crypto.news/the-potential-impact-of-bitcoin-halving-on-the-cryptocurrency-market-opinion/" rel="noopener noreferrer nofollow">halving</a>, has pulled in more investors into the crypto market.
It is worth noting that since the <a href="https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023" target="_blank" rel="noopener noreferrer nofollow">approval</a> of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) in January, these funds have attracted investment from leading institutional investors like BlackRock and Fidelity Investments amounting to $7.35 billion. This flood of money has pushed the value of Bitcoin to new heights.
According to Fundstrat co-founder Thomas J. Lee, further growth for Bitcoin appears to be gaining steam in the 2024.&nbsp;Lee predicts that Bitcoin (<a href="https://crypto.news/bitcoin-price/" rel="noopener noreferrer nofollow">BTC</a>)price could hit a high price of $150,000, supported by supply and demand dynamics as well as the effect of spot ETFs, increasing the suspense around the ever-growing cryptocurrency world.
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Read more: <a href="https://crypto.news/stark-reality-john-reed-catastrophe-ofbitcoin-spot-etf/" rel="noopener noreferrer nofollow"> Former SEC official, cybersecurity expert opines on ‘catastrophic’ spot Bitcoin ETFs </a>

PolySwarm (NCT) surges 91% in 24-hour trading

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