Namecoin’s current circulating supply is 14.74M NMC out of max supply of 14.74M NMC. Namecoin currently sits below all exponential moving averages. While the current market correction and bearish pattern formation give a bearish outlook to the Ethereum price, the coin buyers can get an opportunity to counterattack at $2135. This neckline support aligned close with the 50-day EMA slope creates a strong demand area. In the last three weeks, the Ethereum price has shown two reversals from the $2400 resistance level, reflecting that the sellers are aggressively defending this level.
- Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Namecoin price chart.
- NMC is down -41.75% against Ethereum and down -40.49% against Bitcoin in the last 1 month.
- In the last 48 hours, the ETH price has plunged 3.55% currently trading at $2303.
Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments. Namecoin using POW consensus algorithm called Proof of Work to secure its network and validate transactions. As POW crypto coin, new NMC’s are generated through the mining process, so new assets are created on each block. Overall, Namecoin offers an innovative solution to many of the problems faced by traditional DNS systems.
NMC Price & Market Stats
A look at the daily time frame chart has shown this rejection as the formation of a bearish reversal pattern called ‘double top’. Among all the assets available on https://cryptolisting.org/blog?offset=100&term= CoinStats, these have the most similar market capitalization to Namecoin. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
- Namecoin’s price today is US$0.7981, with a 24-hour trading volume of $22,871.
- Namecoin also has some unique features such as merged mining, which allows miners to mine both Bitcoin and Namecoin at the same time without any additional effort.
- Any use or reliance on our content is solely at your own risk and discretion.
- The FDV is calculated taking the assumption that all supply of Namecoin is circulation, multiplied by its current price of $0.9312.
- Thus, if the coin price shows suitability or buyers accumulation at the $2135-$2124 region, the aforementioned bearish thesis will be invalidated.
It provides a secure and censorship-resistant way for people to register domain names while also offering additional features such as encrypted messaging and data storage. Namecoin also provides other features such as encrypted messaging and data storage, as well as providing a platform for smart contracts and decentralized applications. Its main advantage over traditional DNS systems is that it is resistant to censorship, meaning that no government or organization can take down websites registered with Namecoin. Namecoin (NMC) is one of the longest established cryptocurrencies.
What determines the price movement of Namecoin?
With such advanced machine learning, this prediction can be used to help investors in gauging the probability of the crypto market before making any investment decisions. Namecoin’s price today is US$0.7981, with a 24-hour trading volume of $22,871. NMC is +0.00% in the last 24 hours.NMC has a circulating supply of 14.74 M NMC. Trading and investing in digital assets is highly speculative and comes with many risks.
Namecoin
Compared to today’s exchange rate, NMC cryptocurrency price is down by -28.49% so, An investment of $100 now would have been worth $71.51. Namecoin’s current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 12.45 Million. Namecoin price today is $0.9312 with a 24-hour trading volume of 20.49K, and as such Namecoin has a market cap of –, giving it a market dominance of 0%. The Namecoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Namecoin is an open source decentralized cryptocurrency that was created in 2011.
How do you feel about Namecoin (NMC) today?
Namecoin’s All Time High (ATH) of $ 9.22 was reached on 13 Jan 2018, and is currently -91.5% down. You can buy Namecoin via Gate.io by following the steps on how to buy NMC once you have funded your account. Namecoin price in US Dollar has decreased by -33.88% in the last 1 month.
It was the first fork of Bitcoin and still remains one of the most popular cryptocurrencies today. Namecoin’s primary purpose is to provide a secure, censorship-resistant domain name system (DNS) for the internet. It does this by allowing users to register domain names on its blockchain, which are then stored in a public ledger. Namecoin has a good potential ROI as the volatility itself opportunities for multitude profits. Such volatility is a double-edged sword, and as such would be suitable for investors with high risk tolerance and healthy financial position.
Namecoin Price
Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. Investors should conduct their own research and analysis before making any investment decisions. You should also be aware of the potential for loss, and only invest what you can afford to lose. If you are planning to trade crypto, please consult a financial adviser.
As such, it is advisable to exercise risk management and do your own research (DYOR) before investing in Namecoin. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Namecoin price chart. To see more analysis and outlook, please check the Namecoin price prediction page. Our coin market data for Namecoin goes back to 28 Apr 2013, and shows that the lowest rate ever recorded was in Mar 2020, which was 3 years ago, when Namecoin was worth only $0.158.
With sustained selling, the coin price will attempt a break below the ascending trendline which has acted as a dynamic support for the past two months. Namecoin’s current price is $ 0.787, it has dropped -2.74% over the past 24 hours. This includes the circulating supply, as well as those supply being locked or staked, and those yet to be mined, minted, created. Thus, if the coin price shows suitability or buyers accumulation at the $2135-$2124 region, the aforementioned bearish thesis will be invalidated. To check Namecoin’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
