At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Namecoin is 19.56M. The FDV is calculated taking the assumption that all supply of Namecoin is circulation, multiplied by its current price of $0.9312. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin. Analyzing Reddit stats can provide valuable insights into the community’s sentiment and engagement with a particular cryptocurrency.
- Namecoin’s All Time High (ATH) of $ 9.22 was reached on 13 Jan 2018, and is currently -91.5% down.
- No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose.
- CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap.
- Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin.
- Namecoin (NMC) is one of the longest established cryptocurrencies.
These Namecoins can be actively traded or used in the open market. If you’re interested in purchasing it, you can find step-by-step instructions on the how to buy Namecoin page. This breakdown would accelerate the supple pressure and bolster sellers to challenge the neckline resistance of $2135. Should the Ethereum coin break below this level, the sellers may prolong the correction another 13.5% to hit the $1850 mark. In the last 48 hours, the ETH price has plunged 3.55% currently trading at $2303.
Namecoin price analysis
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, https://cryptolisting.org/blog/where-can-you-short-crypto 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.
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.
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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 CoinStats, these have the most similar market capitalization to Namecoin. ? Trading cryptocurrencies involves risk, and may not be suitable for all investors.
NMC Price Statistics
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.
NMC Technical Analysis
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.
NMC Exchanges
The year that saw the most significant increase in Namecoin value was 2017, as its value surged from $0.232 to $5.05. On the other hand, 2018 was the worst year for Namecoin as its price plunged from $3.95 to $0.337. Compared to other crypto coins which started the same year as Namecoin it has below-average trading volume, average volume for the other 5 coins started in 2011 is $159M while NMC has $23K. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.
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 news
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.
