With a total market cap of over $86.4 million, Namecoin is the No. 1,216 cryptocurrency by market size. The currency symbol for Namecoin is NMC and it was launched in April 2011. Namecoin uses the SHA-256 hashing algorithm and it has a blocktime of 10 minutes. There will only ever be 120 million Namecoin tokens issued. So far 1.95 million tokens (1.6% of the total supply) have been issued.
The technical price analysis for Namecoin below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Namecoin.
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Namecoin FAQs
QWhen was Namecoin launched?
ANamecoin was launched in April 2011.
QWhat is the blocktime for Namecoin?
AThe blocktime for Namecoin is 10 minutes. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does Namecoin use?
ANamecoin uses the hasing algortihm SHA-256.
QWhat was the highest price that Namecoin ever reached?
AThe highest price that Namecoin ever reached was $13.11 USD. This all time high price occured on 29 Nov 2013.
QWhat was the lowest price that Namecoin ever reached?
AThe lowest price that Namecoin ever reached was $0.029674 USD. This all time low price occured on 18 Mar 2020.
AYes Namecoin is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Namecoin use?
ANamecoin uses a proof of work sha-256 concensus algorithm.
QIs it a good time to buy Namecoin?
AYou can check the technical indicators for Namecoin on the Namecoin Price Trend tab. These indicators are based on the analysis of multiple trading signals for Namecoin.
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