NFT Finance (NFTFN) is a new crypto project that has taken the crypto market by storm. With its strong foundation and unique selling propositions, crypto analysts speculate that NFTFN is poised for a significant rally in the coming. Some believe that despite being an underdog, NFTFN’s immense growth prospects make it a better altcoin investment than Solana (SOL). Let’s take a closer look at both altcoins and determine their trajectory in 2024.
Solana’s Shortcomings
Solana is a notable contender in the crypto market, with its $75 billion market capitalization putting it in the top 5 list. From afar, Solana appears as a thriving network, largely due to its transaction speed, scalability and popular Solana ecosystem memecoins like Dogwifhat (WIF) and Bonk (BONK).
However, under this shiny exterior lies a network plagued with network outages, centralization concerns and a native currency that has lost more than 16% of its value in April 2024 alone. Critics have highlighted the high cost of operating a validator node for Solana, which has brought into question the network’s decentralization.
NFTFN A Better Altcoin Investment?
As a pioneer in the web3 fintech space NFTFN addresses various challenges surrounding the non-fungible token (NFT) market, including lack of liquidity and expensive entry barriers. Leading the charge is NFTFN’s flagship product SuperNova (SNV), a revolutionary decentralized exchange that offers sophisticated financial instruments.
SNV users can enjoy exposure to blue chip NFT collections like BAYC, Azuki, Doodles and CloneX and even place trades based on their floor price. This is made possible by SNV’s NFT floor price index, through which traders can open long and short positions with as little as $10.
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Tokenomics & Industry Support
NFTFN’s well-defined tokenomics are designed to prioritize long-term stability. Only 20.34% of tokens are allocated to the public sale, aiming to control circulating supply and potentially mitigate short-term price volatility. Another 5% of tokens are dedicated to liquidity provisioning, further contributing to market stability
Polygon founder Sandeep Nailwal, along with leading venture capital firms like Sigurd Ventures, have raised $500k for NFTFN. The project also boasts strategic partnerships with Google Cloud, Binance Smart Chain, OpenSea, etc.
Growth Potential
NFTFN is currently in the second stage of its highly anticipated presale, where investors and traders are scrambling to buy the token for just $0.03. Investors who participated in the first stage have already made a 20% return on their investment. Investors who participate in this presale would essentially align themselves with a rapidly growing NFT market that is projected to reach $230 billion by 2030.
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