Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. No, Namecoin price will not be downward based on our estimated prediction. Currently, the RSI value is at 44.26, which indicates that the NMC market is in a neutral position. Founded in 2014, Bitnation strives to provide reliable and accurate blockchain news, investing guides, market forecasts and reviews. There is no specified amount you should invest in Namecoin, our best investment advice is to only invest what you can afford to lose.
Namecoin Risk Analysis
We highly recommend conducting extensive research and meticulously evaluating your personal financial circumstances before making any investment choices. Being fully cognizant of the risks linked to investing is crucial. Please note that we do not assume responsibility for any investment losses stemming from reliance on the information furnished on this platform.
By 2029, Namecoin’s price change soared to 84.6%, highlighting the asset’s potential for growth and investor interest. Namecoin’s predicted price journey shows a dynamic pattern across the period. Initially, from October 2024 to November 2024, Namecoin’s price fluctuated between $0.4778 and $0.6490, experiencing notable drops of up to 16.6% but also a surge of 13.29%.
Good Investment? Current price today: ▲0.939 USD (+0.0288%)
This graph contains dummy data, create an account to view the real predictions. The highest price ever for one Namecoin (NMC) was $11.46 on 29 Nov 2013, 11 years ago. The lowest price for one NMC coin is $0.158, recorded in March 2020, approximately 4 years ago. 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.
Is now a good time to invest in Namecoin (NMC)?
Namecoin’s price prediction reveals an initial surge from $0.5759 on December 31, 2024, marking a modest 0.5213% increase. Midway through the period, it experiences a volatile journey with significant dips, plunging to lows like $0.3309 in 2026 and $0.1746 in 2034, reflecting steep declines of over 40% and 69% respectively. Towards the end, Namecoin finds some stability, with a slight recovery to $0.4970 by December 31, 2032, though still registering an overall decline in value across the decade. By the beginning of 2030, the Namecoin Price Prediction and technical analysis predict that the cost of Namecoin will reach $6.72, and the price of NMC should reach $6.72 by the end of the year.
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This downward momentum persists, with the coin’s value decreasing further to $0.1945 by 2034, indicative of a staggering 59.9% loss. Namecoin’s price predictions showcase a steady rise over the years, with notable jumps in its valuation. From 2025 to 2029, Namecoin experienced a significant surge in its market price, starting at an average of $0.55 in 2025 and reaching $0.9 by 2029. Each year witnessed a remarkable increase in its lowest and highest prices, with average annual gains accelerating year on year.
The decline accelerates, with Namecoin’s price plummeting to $0.3670 by 2028, reflecting a steep 24.4% decrease compared to the preceding year. While a temporary recovery is observed in 2029 and 2030, with prices hovering around $0.43 and $0.47 respectively, the long-term trend remains bearish. By 2032, Namecoin’s price falls sharply to $0.3342, a significant 31.2% drop.
- Due to this, we can get except a slight recovery in the coming month.
- When the price falls below the lower band, it may indicate that the asset is oversold and a buy signal.
- The total circulating supply of Namecoin at the time of writing is 14.74M and the market cap of NMC remains at $13.84M.
- Initially, in October 2024, Namecoin’s predicted price hovered around $0.5454, marking a decrease of 4.79%.
- The expected long-term price range of the NMC token, with its yearly low, yearly average, and yearly high prices for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030 is shown in the table below.
- The current price of the Namecoin(NMC) is $0.94, with a current market cap $13,841,777.52.
Namecoin has amazing potential over the next few years as acceptance for cryptocurrency increases. Our market forecast indicates that by 2030, NMC could reach a new all-time high of $9.21. The price of Namecoin is expected to reach a maximum price of $1.69 in 2024. 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. Based on our experimental forecast for Namecoin’s price, NMC could grow by 904.95% , with the value potentially hitting $9.40 in 2033.
- Traders often identify candlestick patterns to gain an edge in cryptocurrency price predictions.
- The Namecoin price prediction on CoinCodex is calculated using the historical Namecoin price dataset, accounting for past volatility and market movements.
- Midway through the period, prices fluctuated with a downward trend, reaching $0.4695 by December 2024, accompanied by steep declines exceeding 10%.
- Over the next decade, Namecoin’s predicted price trajectory exhibits significant fluctuations.
- This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Namecoin prediction.
In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Namecoin prediction. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Namecoin investors’ sentiment, and is based primarily on Bitcoin-related market data. Namecoin’s price action is driven by supply and demand, influenced by factors like block reward halvings, hard forks, and protocol updates.
The current sentiment for Namecoin is reported as Neutral, with a Fear & Greed Index showing 74 (Greed). Bollinger Bands are often used by traders to identify potential entry and exit points for a trade. When the price of an asset moves above the upper band, it may indicate that the asset is overbought and a sell signal. When the price falls below the lower band, it may indicate that the asset is oversold and a buy signal. The price of 1 Namecoin (NMC) can roughly be upto $2.05 USD in 1 years time a 2x nearly from the current NMC price. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the NMC price.
The first major resistance level for NMC is at $1.01, and if the price manages to break above this level, the next resistance levels to watch out for are $1.16 and $1.32. These levels namecoin price prediction are important as they may indicate the potential for further price gains . CoinCodex tracks 38,000+ cryptocurrencies on 200+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Namecoin.
According to Namecoin price prediction 2027, our prediction suggests that Namecoin price will fluctuate within a range of $1.02 (minimum) to $3.14 (maximum). Additionally, based on technical analysis and price movements, the average trading price of NMC is expected to be around $1.23 in 2027. According to Namecoin price prediction 2025, our prediction suggests that Namecoin price will fluctuate within a range of $0.7527 (minimum) to $1.21 (maximum). Additionally, based on technical analysis and price movements, the average trading price of NMC is expected to be around $0.9322 in 2025. In 2031, Namecoin Price Prediction are expected to cross the $9.56 average price level, according to Namecoin forecast and technical analysis. By the end of 2031, Namecoin’s minimum price is expected to be $9.15.
