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.
You might also like: <a href="https://crypto.news/french-regulator-imposes-cybersecurity-rules-for-crypto-firms/" rel="noopener noreferrer nofollow"> French regulator imposes cybersecurity rules for crypto firms </a>
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.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe title="Bitcoin could get as high as $150,000 this year, says Fundstrat's Tom Lee" width="1020" height="574" src="https://www.youtube.com/embed/4YLehfd8ZLg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </div>
</figure>
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

crypto.news

2024년 3월 7일에 게재된 다른 기사

Cryptography startup Zama raises $73M to protect data privacy

LBank Labs Invests in Versatus to Revolutionize Web3 Development

BREAKING! The Court Made Its Decision About Do Kwon! LUNC Price Mobilized!

Renowned serial entrepreneur Ray Youssef embraces new chapter with NoOnes, prioritizing integrity...

FTX and Alameda Research To Settle BlockFi’s $874 Million Claim

Ethereum’s Market Dynamics Indicate Upward Momentum

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!