What is NAV Coin (NAV)?
Future of NAV Cryptocurrency and know how to buy NAV

#1 – What is NAV COIN?

NAV COIN: The Basics

NAV coin is one of the oldest cryptocurrencies to focus on privacy and anonymity in decentralized digital transactions. It is characterized by its fast, optionally private and easy-to-use interface, and is largely driven by its own community.

NAV COIN Development

  1. The Team behind the NAV coin cryptocurrency is Encrypt S Ltd. The NAV coin website shows an 8-member Core Team, but it is an open-source project dependent mainly on its community, which is quite a strong one. Anyone who wishes to contribute can do so.
  2. Craig MacGregor is NAV coin’s “Lead Engineer” and CEO of Encrypt S Ltd., the blockchain company behind the cryptocurrency.
  3. NAV coin’s creators seem to understand the importance of marketing and creativity when it comes to cryptocurrencies, making it one of the most beautiful and easily understood cryptocurrencies out there. This is largely due to its Marketing Team directed by Kieren Hyland and its Creative Team, whose director is Laura Harris.

source: Nav coin website

 

#2 – What are the advantages of NAV COIN?

NAV COIN Technology

  1. NAV coin’s backbone has been built on the original Bitcoin code, but with several important changes. The first major difference is that rather than Bitcoin’s Proof-of-Work, it uses the more energy-efficient Proof-of-Stake algorithm.
  2. NAV coin has also implemented a “dual blockchain technology” with a sub-blockchain called “NavTech” to offer private transactions. The standout feature here is that privacy and anonymity aren’t necessary – they’re completely optional. However, if privacy is requested, the user is dissociated from the transaction. The NAV transaction is routed through the NAVTech subchain which involves multiple layers of encryption, guaranteeing anonymity.
  3. NAV transactions also promise to be faster and cheaper than Bitcoin or other crypto transactions. Block confirmations are to take place every 30 seconds, much faster than Bitcoin’s 10 minutes.

NAV COIN Use Cases

  1. Optional Privacy – NAV coin is the first cryptocurrency to offer privacy optionally to its users. In other currencies, wither the transactions are private or they are not, but here, the choice lies with the users.
  2. Valence – This project is under development still, and aims to be the crypto world’s first anonymous decentralized apps platform. Also, it aims to allow developers to code directly on the blockchain. It’ll operate on a separate blockchain than NAV coin, but the two will interface.
  3. Polymorph – This is another project in the works by the NAV coin Team, and it aims to enable users to send various cryptocurrencies anonymously through the NAV coin dual blockchain. This means that you will be able to do transactions anonymously with even currencies like Bitcoin!

 

#3 – How to buy and store NAV?

How to buy NAV

Despite being such an old cryptocurrency, NAV coin is surprisingly available on only 10 exchanges as of June 2018. It can primarily be bought with Bitcoin and Ethereum, but also with Tether, WAVES and some other cryptocurrencies.

Some exchanges also accept fiat currencies, including Yobit (USD), Litebit (Euro) and Upbit (Korean Won).

  1. The exchanges mentioned above are platforms on which you can buy or sell NAV,but they often differ in terms of coin price, though not by much. CoinSwitch will help you decide which to choose by displaying the prices, all at the same place. Arguably the best cryptocurrency exchange around, it supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you wish with the IOP token you wish to buy, and CoinSwitch will facilitate the comparison at different exchanges.
  2. What’s more - with CoinSwitch, you do not need wallets on the exchange you’re buying from. Instead, all transactions can happen to and from your very own private wallets.

NAV Storage

  1. The best wallets to use for any cryptocurrency are usually their core wallets, available for download on their website. NAV coin is no different, with its own official NAV wallet.
  2. Its desktop wallet, “NavCoin Core Wallet”, is compatible with Windows, Linux as well as Mac operating systems.
  3. NavPay, its light wallet, is available for a variety of devices, including Windows, Linux and Mac OS desktops, Android and iOS smartphones. It is also available as a web wallet.
  4. Its paper wallet is compatible with Windows and Mac OS, and also as a web wallet. NavPi is Nav’s Raspberry Pi wallet, available on the website as a torrent file as well as for direct download.

 

#4 – What is the future of NAV COIN?

Market Cap and Global Acceptance

  1. Nav coin uses proof-of-stake technology, making it easier and cheaper to mine and earn than proof-of-work cryptocurrencies. In this technology, users are expected to put up a portion of their NAV holdings to get an opportunity to create a block and earn rewards. Nav coin also enables its users to earn a 5 % interest while staking your NAV.
  2. The NAV network, though strong, is still fairly strong. Only 100 wallets hold 72 % of all NAV coins, while around 1000 wallets hold 92 %.
  3. NAV’s current circulating supply is close to 63 million NAV tokens, and it has a market cap of about $ 23.46 million USD as of June 2018, with an individual price of about $ 0.37 USD.

Also Read: Complete Analysis of NAV Coin | Live NAV Coin (NAV) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jun 28, 2018

0.405445

0.407621

0.371565

0.373872

15,29,770

2,55,47,400

Jun 01, 2018

0.93944

0.962353

0.917709

0.939927

68,91,910

5,90,91,400

May 01, 2018

1.44

1.44

1.35

1.42

13,72,720

9,05,10,900

Apr 01, 2018

0.865002

0.88388

0.779316

0.803404

3,51,007

5,41,84,900

Mar 01, 2018

1.82

1.97

1.81

1.95

10,97,800

11,34,42,000

Feb 01, 2018

2.16

2.26

1.68

1.83

22,86,440

13,44,25,000

Jan 01, 2018

3.21

3.81

3.1

3.75

92,29,020

19,97,31,000

Dec 01, 2017

0.966208

1.1

0.946878

1.05

14,06,090

6,00,05,000

Nov 01, 2017

0.871189

0.947063

0.835099

0.835099

18,80,680

5,39,88,500

Oct 01, 2017

0.926283

0.94395

0.883183

0.883183

8,47,811

5,72,77,600

Sep 01, 2017

0.850036

1.91

0.850036

1.9

5,28,15,900

5,24,53,100

Aug 01, 2017

0.227336

0.261721

0.21591

0.250288

1,12,860

1,39,96,500

Jul 01, 2017

0.393352

0.39373

0.3208

0.342338

5,02,262

2,41,67,200

Jun 01, 2017

0.268364

0.323748

0.268364

0.293019

6,25,495

1,64,57,300

Feb 01, 2017

0.043753

0.046

0.042247

0.043056

38,063

26,51,850

Oct 01, 2016

0.045531

0.046513

0.036587

0.037673

1,23,414

27,13,640

Jun 01, 2016

0.004746

0.00484

0.004695

0.004824

74

2,82,876

Feb 01, 2016

0.002364

0.003745

0.002063

0.003334

683

1,40,870

Oct 01, 2015

0.002277

0.002288

0.001762

0.00214

622

1,34,644

Jun 01, 2015

0.003661

0.00391

0.003569

0.003685

499

2,13,693

Feb 01, 2015

0.006948

0.008081

0.005162

0.006716

12,996

4,02,188

Oct 01, 2014

0.001075

0.001376

0.000871

0.001009

1,007

61,417

Jun 12, 2014

0.004229

0.005396

0.003175

0.003252

56,270

2,01,701

Trends so far

  1. The NAV coin, like all other cryptocurrencies, has had its fair share of ups and downs, but the individual price has never, in all the four years of its existence, gone above its maximum of $ 4.73 USD (which it reached in January 2018). Its initial value was at $ 0.003 USD per NAV when it launched in June 2014, going down to $ 0.000579 USD in October 2014. It is currently priced at $ 0.37 per NAV as of June 2018.
  2. Surprisingly for such an old coin, NAV’s moderate circulating supply coupled with its considerably low individual price put it very close to the 250th rank in terms of market cap worldwide. At the time of writing this article, its rank is 242.
  3. Of course, its low market cap isn’t always indicative of the cryptocurrency’s success in the market, nor of its potential. The projects in its pipeline make it a cryptocurrency with an exciting future and great future scope.

 

#5 – What makes NAV COIN different from other cryptocurrencies?

  1. A lot of cryptocurrencies out there are difficult to understand and use, and some even require basic coding skills. However, Nav coin was designed to be user-friendly and easy to use. The Core wallet is intuitive and even comes with a setup wizard to guide you through the entire process of making a transaction using NAV.
  2. It has one of the fastest block times among the privacy coins, with block confirmations every 30 seconds, as opposed to Monero’s 2 minutes or ZCash’s 2.5 minutes. The best part of all this is that the faster transactions haven’t made it expensive. In fact, NAV coin transactions are actually cheaper than its slower counterparts!
  3. The thing that sets it apart from other currencies, though, is its dual blockchain network used for anonymous transactions. Rather than being a compulsion, users can choose whether to transact anonymously or publicly, but if the user wishes to remain anonymous, the transaction is routed through a whole different sub-blockchain, making it secure and private.
  4. Nav coin has also given thought to style, branding and communication, making it more attractive than other cryptocurrencies which have focused more on their tech and profits, neglecting these important factors.

 

#6 – Should you invest in NAV COIN

  1. NAV coin isn’t valued very high in the market currently, with a rank below 200 in terms of market cap. However, this doesn’t make the cryptocurrency any less promising.
  2. It has a strong team of developers, supported by a large community, and is updated frequently. It also has an active roadmap and blog, keeping users apprised of any changes taking place. This is a major characteristic working in its favour because an active and transparent team gives you the confidence that constant development is taking place.
  3. Nav coin is also one of the first “privacy coins” in the crypto world and one of the only ones giving its users the option of whether they want to keep their transactions anonymous or not. In this world of over-sharing where there is an immense need for privacy, especially in things related to money, Nav coin’s great dual blockchain technology shows a lot of promise.
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