Namecoin Price for today is $0.385793096124. Its current circulating supply is NMC 14,736,400 with a market cap of $5,685,201.
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Currently, Namecoin (NMC) is trading at $0.3858 with NMC price 7.18266% down today. The market cap of Namecoin is USD 5,685,201 with 14,736,400 nmc circulating currently. The 24-hour price movement chart indicates that $1,969 worth of NMC were trading. The price peaked to $0.7266 in the last 24 hours while the lowest price was $0.6869.
Namecoin price prediction suggest that the Namecoin price is up for a long-term 851.805524% in the NMC price value with a 5-year investment. This means that in the year 2023, the Namecoin price is forecasted to stand at $3.672 . You can keep track of Namecoin’s progress by adding it to your wallet portfolio.
Namecoin price has varied over the years. The reason for the possible increase is one of the biggest advantage of investing in cryptocurrencies. Cryptocurrencies can be volatile. It does mean considerable risk but it also means considerable gains in the short term, in which most traders tend to make their living. So, NMC values may surprise you or shock you but remember, what would you gain in the stock market without facing considerable risk?
One of the reasons for the considerable volatility in the Namecoin rate along with the other cryptocurrencies is the lack of knowledge among non-commital investors. There are various informational websites which provide investors with false allure to invest more and more.
However, fortunately, there are some credible sources too. Consider checking out NMC price on CoinSwitch, which not only gives you in-depth information about Namecoin value but also gives complete access to whitepapers, historical trends and real-time price comparison with other cryptocurrencies.
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There are many Cryptocurrencies out there in the market without a clear purpose or a business application. However, there is none out there that goes out of its way to protect valuable personal and business data like Namecoin. Chances are if you require credible and reliable ways to protect your virtual identity; you have spared a thought for the Namecoin wallet.Investors can and do buy Namecoin for several different reasons. Some of the main reasons include protecting free speech online, to avail secure personal identity, Tor websites and decentralising TLS certification.
Now using an NMC wallet, you can get access to these various services but keep in mind the Namecoin trading can only get you so far. Namecoin currency is still in its experimental stage and whether you should buy NMC or sell Namecoin, can only be decided with the help of an extensive research. One website that can help you to analyse the currency in depth plus sell NMC and exchange Namecoin with over 300 Cryptocurrencies is CoinSwitch with over 45,000 coin combinations.
The website gives you real-time price indicator as well as information about historical price trends that have governed the currency. In regards to processing fees, it is considered one of the best cryptocurrency exchange online.
Namecoin cryptocurrency has many attributes in common with Bitcoin, the crypto buzzmaker of our time and why would it not? The currency was built to share the blockchain technology of Bitcoin and shares its method of operation, the proof of work.
Additionally, the currency also is given out as a bonus along with mining Bitcoin, and it also limits itself to the distribution of 21 million coins like Bitcoin. So, the currency has a growth model in place in line with one of the best cryptocurrency of our time. Similarly, it also has a clearly laid out business application, unlike many other cryptocurrencies.
But, if you are still confused about the question' what is Namecoin?' then consider reading credible websites like CoinSwitch. As the currency is also trading at a really low price, maybe you can just dip your toes in the water through CoinSwitch's exchange portal before making a final commitment.
If you are new to crypto trading, it's always advisable to learn about, what is Namecoin, it's benefits and indicative return on investment.