At $0.397, the price of PolySwarm (NCT) has increased by 91% in the last day and by an astounding 56.53% in the last week. With 1.7 billion NCT in circulation at the moment, PolySwarm has a market valuation of more than $65 million.

Based on the Ethereum (ETH) network, PolySwarm is a Decentralized Antivirus and Cyber Threat Intelligence Ecosystem that rewards a global community of cybersecurity experts through the use of smart contracts and blockchain technology.


Rather than relying on a single cybersecurity source, PolySwarm offers a central location where businesses, customers, suppliers, and other expertise may collaborate to create a single marketplace.

Anti-malware engines are created collaboratively by a variety of cybersecurity specialists, resulting in quick invention to handle new threats.

PolySwarm believes in interoperability and cooperative problem-solving, so participants may be guaranteed of the collective protection given by various anti-virus solutions—a dramatic contrast to the current market dynamics.


Protecting digital systems, networks, and private information from cyberattacks and unwanted access is the core discipline of cybersecurity. For the most part, modern technology has connected everything in the world, therefore enhancing cybersecurity is critical.

While PolySwarm (NCT) maintains its positive trend, the performance of other cybersecurity tokens is not uniform. Positive increases of 20.32% and 34.16% have been seen for Hacken (HAI) and BLOCX (BLOCX), respectively. Conversely, gotEM (GOTEM) is down 37.44%, highlighting how volatile the cybersecurity cryptocurrency market is. CoinMarketCap reports that in the last 24 hours, Quantstamp (QSP) has dropped 8.6%.
 

According to CoinMarketCap data, as of this writing, the entire market capitalization of cybersecurity cryptocurrencies is $463.7 million, with a $119.2 million trading volume.

The current increase in Bitcoin (BTC) that is affecting the whole cryptocurrency market seems to be being followed by the alt-coin sector.

More investors have entered the cryptocurrency market as a result of the increase, which seems to be driven by enthusiasm for the recently introduced exchange-traded funds (ETF) and the impending halving.
 

It is important to note that since the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs in January, these funds have drawn $7.35 billion in investments from prestigious institutional investors like BlackRock and Fidelity Investments. The amount of money coming in has caused the value of Bitcoin to soar.

Thomas J. Lee, a co-founder of Fundstrat, believes that Bitcoin will continue to expand in 2024. According to Lee, the dynamics of supply and demand as well as the impact of spot ETFs might propel the price of Bitcoin (BTC) to an all-time high of $150,00, heightening the tension around the rapidly expanding cryptocurrency market.