Entangle is a blockchain protocol that focuses on multi-chain interoperability. The platform offers customizable interoperability primitives allowing the transfer of data and assets between various blockchains. Entangle is powered by its native utility token NGL and supports both web2 and web3 data.
This piece is a comprehensive overview of the Entangle platform and its native token NGL. I will talk about the major features of the project and the economics of its token.
I will also discuss the past performance of NGL and its projected future prices. Toward the end, you can find the details of where and how you can buy NGL if you are into that.
Entangle (NGL) Key Features
The major features of Entangle are the following.
| Blockchain Connectivity | Entangle bridges different blockchains, facilitating them to share data. |
| dApps Integration | The platform supports the development of decentralized applications that connect multiple blockchains. |
| Photon Messaging | This is a blockchain-neutral messaging protocol that supports both EVM (Ethereum Virtual Machine) and non-EVM chains. |
| Universal Data Feeds | These are high-frequency data feeds that are optimized for GameFi and Real World Asset (RWA) protocols. |
Entangle (NGL) Tokenomics
NGL has a total supply of 1 billion tokens and that is also the maximum supply of the token. Of these, only 21.57 million tokens are in circulation, making up a meager 2.16% of the total supply.
Entangle (NGL) Past Performance
NGL debuted on exchanges in March 2024 at a launch price of $1.76. Thanks to the recent crypto market bull run, the token immediately gained some traction and hit an all-time high in the third week of the month. However, a gradual correction followed.
While I was researching for this article, NGL is trading at $1.71, which is 9% up from yesterday’s price, and makes up a market cap of $36.9 million.
At $4.55 million, the 24-hour trading volume is 8.7% up from yesterday.
Entangle (NGL) Price Prediction
Technical indicators signal that the market is bearish at the moment and the fear & greed index is showing 70, indicating greed. NGL has recorded 12 (55%) out of 22 days in the green area with tolerable price volatility. Out analysts are not too excited about buying NGL now.
2024: Based on the historic price data, the price of NGL is projected to go up by 226.30% and reach $5.73 by next month.
2025: Moving to 2025, the price of NGL is expected to fall between $1.75 and $8.24. In comparison, this would be a neat gain of 376.91% if the token reaches the upper price target.
2030: Leaving a few more years behind to 2030, NGL is expected to be priced between $4.37 and $7.08. If we compare the latter to today’s price, it will be a 309.35% return for the investor.
Where to Buy Entangle (NGL)?
You can find good liquidity for trading with NGL on Bybit, Gate.io, MEXC, KuCoin, BingX, Poloniex, Phemex, OpenOcean, and DODO.
How to Buy Entangle (NGL)?
NGL has a good market depth traded in pairs with Tether (USDT). This is how you can buy NGL from Gate.io.
- Go to the Gate.io website, sign up for a free account, and complete the KYC procedure.
- Load the Gate.io wallet with USDT stablecoins.
- Take the trading section and search for NGL/USDT.
- Choosing ‘limit order’, enter the number of Entangle tokens you plan to buy, and hit the ‘buy’ button.
- Click ‘confirm’ and once the transactions are complete they can be found on the Gate.io wallet.
Conclusion
The crypto space is flooded with several layer-1 blockchains and good ones too. Chain interoperability solutions like Entangle allow users to forego choosing between them.
The platform allows developers to utilize the best features of several features and prevent being locked up into any one of them.
The platform’s native token NGL is still new to the markets and has hit the exchanges at the right time. Not all our analysts are confident about the token’s future though.
Note that crypto investments are considered a high-risk asset class by most experts and the decision to put your hard-earned money into the same should be thought about twice.
The reader is advised to not get entangled (no pun intended) in a crowd frenzy and do their research before putting theory into practice.
