Syntropy (NOIA) price rallies 65% after announcing SpaceX partnership

Cryptocurrency

In the frenzy of a bull market where new projects are popping up daily and social media users scour their feeds to try and catch the next moon coin before it pumps and dumps, it can be a challenge to find projects with long term viability that also have significant upside potential. 

One token that has undergone several significant price breakouts in 2021 is Syntropy (NOIA), a project focused on transforming the public internet into a secure, user-focused platform with built-in encryption and other performance-enhancing features.

NOIA/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of NOIA has skyrocketed 365% since Feb. 9, with its most recent 75% breakout happening on April 20 when the price exploded from $0.50 to a new all-time high at $0.90.

Starlink collaboration ignites a rally

The cause for the most recent price surge can be found in the following Tweet from the Syntropy team announcing the most a partnership with Starlink.

Starlink is a project by the Elon Musk owned SpaceX aerospace manufacturer and the space transportation services company is looking to create a satellite internet constellation comprised of thousands of small satellites in low Earth orbit that is capable of providing WiFi services anywhere in the world.

With Elon Musk becoming one of the most prominent cryptocurrency proponents currently in the market, any project with a remote association to the eccentric billionaire receives extra attention due to his increasing stature in the sector.

This most recent announcement is just the latest in the project’s “Syntropy 60 days of growth campaign” that kicked off on March 23, just three days before a significant rally in the price of NOIA.

As seen in the above tweet, the Starlink announcement is just one of many preplanned events for NOIA and there are still several major developments planned through the end of May. If the team is able to deliver on these lofty goals, NOIA could continue to really, especially with the upcoming launch of staking and the release of the Windows and Mac applications.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Products You May Like

Articles You May Like

Blockchain Australia calls the state for crypto safe harbor
FXT token taps into Binance Smart Chain following ERC-20 success
Binance US ‘looking at IPO route,’ CZ says
Vitalik Buterin’s surprise cameo in Ashton Kutcher and Mila Kunis’ living room
ETH developer Virgil Griffith back in jail after allegedly checking Coinbase account

Leave a Reply

Your email address will not be published. Required fields are marked *