- NOIA is the native token of Syntropy, the Internet’s distributed routing protocol.
- The token’s price has surged 168% from its December low, and one analyst said bulls are likely to target more.
- Sentiment for Syntropy is bullish ahead of its public network launch.
Cryptocurrencies are about to emerge victorious at the end of January, with most digital assets posting significant gains in a month that saw Bitcoin top $23,000.
On July 31st, the market capitalization of cryptocurrencies surpassed $1 trillion. This is also supported by Bitcoin’s market cap rising to his $446 billion, accounting for a 40.9% market dominance. A similar uptrend has been observed across altcoins, which stems from Ethereum breaking out from his $1,200 low at the beginning of the month.
NOIA could double further, analysts say
Perhaps notably, bullish sentiment for Syntropy has increased since the team’s release. Has been updated Token circulation schedule and as the platform approaches general availability.
Less than a week away from the big release 👀
With the launch and revision of the public network @ syntropy stack The website unveils the all-new Syntropy Knowledge Hub, designed for beginners and experienced individuals alike to learn everything. #Syntropy When $NOIA to one place. pic.twitter.com/AfGS5jrfIP
— Syntropy (@Syntropynet) January 31, 2023
Tokens such as Aptos and dYdX continue to outperform, but crypto analyst Rekt Capital points to another coin that could benefit from the recent bull market.
According to crypto traders, Syntropy (NOIA) could double if it maintains a significant price level at monthly closing. In a tweet early Tuesday morning, a highly respected analyst noted that NOIA’s 168% rise from its December lows puts the Syntropy token in critical territory.
“NOIA is up +168% from its December low and is now approaching key territory. If NOIA can turn the green box top (~$0.068) into monthly closing support, Syntropy will be well positioned for the next doubling.,” he was suggested.
If the bulls hold the highlighted price range ($0.068), Rekt Capital is seeing a gain of over 135% towards $0.15. This could open up the possibility for NOIA price to retest his all-time high near $0.20. However, a reversal could push the bears above $0.030 or even target $0.020.
The Syntropy token traded at around $0.065 early Tuesday afternoon, up 2.3% over the past 24 hours and up 32% this week.