NFPrompt (NFP) is an AI-driven User Generated Content (UGC) platform designed for Web3 creators. It enables users to generate AI-powered content and mint it as NFTs, serving as an entry point to Web3 for the next generation of content creators.
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Market Overview:
Current Price: Approximately $0.27 per NFP.
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Market Capitalization: Around $105 million, ranking it at #455 on CoinMarketCap.
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Circulating Supply: Approximately 379.86 million NFP tokens, with a maximum supply of 1 billion tokens.
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24-Hour Trading Volume: Approximately $12.66 million, indicating active trading.
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All-Time High: $1.17 on December 27, 2023, representing a significant decline to the current price.
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All-Time Low: $0.1591 on August 5, 2024, with the current price showing a recovery from this low.
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Trading Platforms:
NFP is actively traded on several centralized exchanges, including Binance, where the NFP/USDT pair has a substantial trading volume.
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Recent Performance:
24-Hour Change: An increase of approximately 10.69%, indicating short-term positive momentum.
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7-Day Change: A decrease of about 10%, suggesting recent volatility.
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Fundamental Analysis:
NFPrompt's platform leverages AI to empower content creators in the Web3 space, aligning with the growing trend of integrating artificial intelligence with blockchain technology. The project's incubation by Binance Labs and its status as one of the largest fair launches on Binance Launch Pool add credibility and visibility within the crypto community.
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Considerations:
While NFPrompt presents an innovative approach by combining AI with NFT creation, the significant decline from its all-time high indicates potential challenges or market volatility. Investors should conduct thorough research, considering both the technological prospects and market dynamics, before making investment decisions.
