Namecoin Price Prediction
Best advise? Study these charts 📖
Today's ForecastsNamecoin(NMC) opened trading today at $0.46. It achieved a Market high of $0.48 and a subsequent Market low of $0.42, Representing a change of $-0.0085 and price percentage change of -1.85% . Its current Price is $0.45 representing a market share of 0.00% only.
A total volumn of $1,826 worth of Namecoin traded hands today, achieving a Maximum Market Cap of $6,648,256 for the day.
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The Bull Case 🐃 for Namecoin
Many people are looking to invest in digital assets (including Namecoin) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Namecoin as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Namecoin has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Namecoin is currently trading around $0.45.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Namecoin
Namecoin s a cryptocurrency which also acts as an alternative, decentralized DNS, which would avoid domain name censorship by making a new top level domain outside of ICANN control. The coin is designed to halve every four years with the same cap limit as Bitcoin of 21,000,000. With the domain registry service a small number of NMC will be destroyed so after mining has finished there will still be a deflationary ellement in place. Namecoin was the first coin to switch to merged mining.
- Namecoin can store data within its own blockchain transaction database
- Censorship-resistant top level domain .bit, which is functionally similar to .com or .net domains but is independent of ICANN, the main governing body for domain names
- Identity systems
- Messaging systems
- Personal namespaces
- Notary/timestamp systems
- Alias systems
- Issuance of shares/stocks
It is based on the code of bitcoin and uses the same proof-of-work algorithm. It is limited to 21 million coins. Each Namecoin record consists of a key and a value which can be up to 520 bytes in size. Each key is actually a path, with the namespace preceding the name of the record. The key d/example signifies a record stored in the DNS namespace d with the name example and corresponds to the record for the example.bit website. The content of d/example is expected to conform to the DNS namespace specification. The current fee for a record is 0.01 NMC and records expire after 36000 blocks (~200 days) unless updated or renewed. Namecoins used to purchase records are marked as used and destroyed, as giving the fee to miners would enable larger miners to register names at a significant discount.Visit website open_in_new
NMC Trading Stats for Today - 2020-05-03 09:50:05 +01:00 BST
|Current Supply||14,736,400 NMC|
|Total Supply||21,000,000 NMC|
|24h Volume (coin)||4,047 NMC|
|24h Volume (currency)||$1,826|
|Last updated||2020-05-03 09:50:05 +01:00 BST|
Other Price Forecasts similar to Namecoin(NMC) :
Common NMC Price Prediction Questions
What is Namecoin’s potential future value?
NMC's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Namecoin is and what it does. This is because Namecoin's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can NMC make you one?
What is going on with Namecoin's price?
In order not to be too rattled, read our Fundamental analysis above on Namecoin to know if it’s a good hodl.
How high will Namecoin go?
No one really knows for sure. We however predict NMC might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Namecoin(NMC) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Namecoin to see its expected value. You can also visit Namecoin's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Namecoin website page will quickly provide you with that value.
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Why is Namecoin's price going down?
It’s difficult to tell right now as the daily NMC candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Namecoin's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Namecoin, Simple click the Social Button on this page, located immediately below the Price Charts.
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NMC Live Prices Data
Namecoin Daily Price History
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