Nest protocol (NEST) Overview
|🪙 Cryptocurrency||Nest protocol|
|💱 Ticker Symbol||NEST|
|💸 Market Cap||$66,404,955|
|🚀 Trading Volume||$1,911,795|
|📈 Price Change (24h)||-0.07%|
|💰 Current Supply||2,911,743,948|
- Bullish Nest protocol (NEST) price predictions range between $0.102627 and $0.223498 by 2030.
- Market analysts believe NEST could reach $0.102627 by 2025.
- Bearish Nest protocol market price prediction for 2022 is $0.018245.
Nest protocol (NEST) Introduction
There are many classifications of cryptocurrency projects which include blockchain oracles. They are complex technical systems that connect data from the physical world (off-chain) like temperature, government votes, or altitude with the blockchain ecosystem (on-chain) to generate capital, obtain decentralized knowledge or carry out any instruction it was given. One of the blockchain projects that operate under this classification is Nest Protocol, an oracle network built on the Ethereum blockchain.
Nest Protocol operates with an innovative decentralized price oracle that ensures that every data point is scrutinized by the market validators integrated with the blockchain consensus mechanism algorithm. Nest price oracle syncs the off-chain price in a decentralized form and manner, which in turn creates valid price data on the blockchain network (on-chain). This highly innovative feature has set Nest Protocol (NEST) apart from other price oracles on Chainlink, Band Protocol, and oracle networks. For instance, NEST quotes Ethereum price once every 2.5 minutes, and when the network is less congested, it begins quoting once every four blocks, which is more real-time than Chainlink can manage because its nodes report updates in price approximately once every 45 minutes. Though many Automated Market Makers (AMM) rely on Chainlink, that particular disadvantage has caused a large impermanent loss on many protocols.
Based on maximum historical data analysis, we gathered the expected price values in the future for maximum price value, maximum average price, average trading price, minimum average price, and minimum price of Nest Protocol (NEST). In this article, we will evaluate the information about Nest Protocol, tokenomics, market capitalization, and the driving fundamentals of the ecosystem.
What Is Nest Protocol (NEST)?
Nest Protocol is a non-custodial and decentralized blockchain oracle network built on the Ethereum network that utilizes a unique quote mining algorithm to enable the synchronization of off-chain data with the on-chain prices. A distributed price oracle network integrates real-world price information in a decentralized manner with a government system.
An oracle system allows the incorporation of data from the real world through smart contracts into the blockchain that allows the network’s users to predict the outcome of real-world activities like elections, car events, or sports accurately to ensure the proper function of the entire ecosystem. Oracle data is highly accurate, sensitive to market movements and price actions, allows direct verification, does not support a centralized price review system, and is resistant to price attacks on the chain. Nest Protocol utilizes a Nodeless Permissionless Quotation system to provide updated price analysis on the Ethereum network. The platform leverages its oracle network to perform this task by constantly reviewing the crypto market and popular exchanges. These oracles then combine and analyze this price data to ensure homogeneity, precision, and accuracy. The data is added to the blockchain once the precision of the data is confirmed. Nest Protocol integrates a unique reward system to increase the provision of earning opportunities to the users regarded as its Authentication System. This System requires the miner to submit a smart contract with the assets needed for verification which the node can withdraw the assets after the price has been registered.
The Nest system combines a multiple quotation mechanism for on-chain price verification. Other apps can monitor and track the price changes in certain cryptocurrencies in real-time. The network grants these applications direct means of monitoring price volatility. The Nest Protocol also features a Reverse Verification Mode that ensures the active participation of users on the network by making real contributions through staked crypto tokens that helps the oracles upload price data with high accuracy.
Nest Protocol (NEST) Fundamental Analysis
The founders of Nest Protocol (NEST) are still anonymous, but the network has immensely grown since its creation because of the value it provides to the blockchain community. Nest Protocol has provided a platform for more efficient and immersive Decentralized Applications (DApps) to reach a wider audience and market. The network operates as a non-custodial machine for pricing updates that present secure and reliable data.
The Nest Protocol native token, NEST, is also a major contributor to the functionality of the network. The network users hold NEST coins to contribute to the network’s systems and are an ERC-20 token that has managed to outperform many digital coins during the bear markets. Users can utilize NEST as a medium of decentralized payment because of its recognizable value globally. Moreover, whenever miners directly generate tokens on the network, the NEST token has a predictive issuance with it.
However, there were no private sales or Initial Coin Offering (ICO) for the NEST token but is rather obtained through NEST quotation mining and inducing the majority of the users to hold the token for a long-term investment. The token is deflationary. Therefore, there is a constant increase in value as more tokens are permanently removed. The NEST tokens generated through minting are separated at an 80:15:5 ratio where 80% of the assets are allocated to miners, 15% is sent to the NEST node consisting of Nest Governance token holders, and 5% is distributed to the Network’s developers and builders.
The Nest Protocol was designed to be fast in providing and updating prices as the network relies on price providers to hasten the transmission of the protocol. It was also created to be secure and functional without a centralized review system for miners and price verifiers. This has made the network resistant to on-chain attacks from fraudsters and hackers, as participants always present a real quotation to hedge against impermanent loss on their investments. With the fast movements in the crypto market, the innovative structure of Nest Protocol incentivizes users to hold their tokens, enabling the continuous growth in the users that, in turn, increases the number of tokens returned to them.
Nest Protocol (NEST) Current Price
Nest protocol is currently worth $0.022806 USD. NEST has moved -0.07% in the last 24 hours with a trading volume of $1,911,795. Nest protocol is currently ranked 262 amongst all cryptocurrencies with a market capitalization of $66,404,955 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Nest protocol (NEST) to decide wether it is going to have a bullish or bearish year.
Nest Protocol (NEST) Price Predictions
The market is constantly evolving as more use cases arise, which makes investors concerned about the long-term potential of their portfolio. With the aid of popular technical analysis tools and experienced business analysts, we evaluated the price forecasts of NEST tokens in the following years.
|Year||Minimum Price||Average Price||Maximum Price|
Price prediction data provided by Nest protocol Price Prediction
Nest protocol (NEST) Price Prediction 2022
Nest protocol, according to some, is one of the most amazing cryptocurrencies to rise this year (NEST). The NEST price forecast for 2022 anticipates a significant increase in the year’s second half, possibly reaching $0.034209.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.031928 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. NEST is expected to have a minimum value of $0.027367.
Nest protocol (NEST) Price Prediction 2023
In 2023, Nest protocol NEST price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of NEST will soon surpass $0.057015. However, we should wait to see if the NEST’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, NEST will trade with a minimum trading price of $0.045612 and an average trading price of $0.050173.
Nest protocol (NEST) Price Prediction 2024
If the upward trend continues until 2024, it could reach $0.079821 and NEST may profit. If the market experiences a decline, the goal may not be met. NEST is expected to trade at an average price of $0.072979 and a low of $0.068418 in 2024.
Nest protocol (NEST) Price Prediction 2025
If Nest protocol successfully boosts market sentiment among cryptocurrency enthusiasts, the NEST coin price could remain stable for the next five years.
According to our projections, NEST will be green in 2025. The NEST is expected to reach and surpass its all-time high in 2025. In 2025, the virtual currency will be worth $0.102627, with a minimum price of $0.091224 and an average price of $0.095785.
Nest protocol (NEST) Price Prediction 2026
After some extensive forecasting and technical analysis, we estimate the NEST price is expected to cross an average price level of $0.118591 by 2026, with a minimum price of $0.11403 expected before the end of the year. Furthermore, NEST has a maximum price value of $0.125432.
Nest protocol (NEST) Price Prediction 2027
Due to the future partnerships that are expected to happen by 2027, we are expecting that a bullish trend will continue, bringing the average price to around $0.141397. If NEST manages to break the resistant level in 2027, we could see a maximum price of $0.148238, failing to gather the support NEST needs by 2027 could result in a low of $0.136835.
Nest protocol (NEST) Price Prediction 2028
While NEST is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.159641 and a yearly price close above $0.171044 in 2028.
Nest protocol (NEST) Price Prediction 2029
By 2029, Nest protocol will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.182447 and potentially reach a maximum price value of $0.19385, averaging out at $0.187008.
Nest protocol (NEST) Price Prediction 2030
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2030, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum NEST price in 2030 is projected to be $0.223498 in the event of a bull run, with an average price level of $0.214376.
The Nest Protocol integrates off-chain data with blockchain data to provide an accurate update on the market activities. This oracle solves many issues and is designed to provide a long-term solution, but make sure to educate yourself about any asset before investing.
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What is the Nest protocol (NEST) price today?
Today, Nest protocol (NEST) is trading at $0.022806 with a total market capitalization of $66,404,955.
Is Nest protocol a good investment?
Nest protocol proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that NEST is a good choice of investment.
How high can Nest protocol go?
The average price of Nest protocol (NEST) can possibly reach $0.031928 this year. Over the next 5 years, it is projected that Nest protocol may surpass $0.148238.
How much will Nest protocol be worth in 5 years?
Based on the rising popularity of cryptocurrency and Nest protocol, a long term investment in NEST could see the price rise to $0.148238 within the next 5 years.
How much will Nest protocol be worth in 10 years?
If you invest in Nest protocol today, as with any investment, a long term increase is expected. The price of NEST could possibly rise to $0.266829 within the next 10 years.
What will the Nest protocol price be in 2023?
Nest protocol (NEST) price is expected to reach $0.057015 by 2023.
What will the Nest protocol price be in 2024?
Nest protocol (NEST) price is expected to reach $0.079821 by 2024.
What will the Nest protocol price be in 2025?
Nest protocol (NEST) price is expected to reach $0.102627 by 2025.
What will the Nest protocol price be in 2026?
Nest protocol (NEST) price is expected to reach $0.125432 by 2026.
What will the Nest protocol price be in 2027?
Nest protocol (NEST) price is expected to reach $0.148238 by 2027.
What will the Nest protocol price be in 2028?
Nest protocol (NEST) price is expected to reach $0.171044 by 2028.
What will the Nest protocol price be in 2029?
Nest protocol (NEST) price is expected to reach $0.19385 by 2029.
What will the Nest protocol price be in 2030?
Nest protocol (NEST) price is expected to reach $0.223498 by 2030.