Some charts will use hollow and naga coin price prediction filled candlestick bodies instead of colors to represent the same thing. The platform has debuted well on December 25th, 2017 at a $1.3 price point. Within the first week, the worth of the token grew to $4.3, but on January 1st, 2018 it dropped by 50%. The first few days of March, NAGA had a stable price, ranging between $0.95 and $0.81.
What affects the price of Naga Kingdom?
The table below illustrates the percentage of profitability based on the timing of the investment. SwapSpace project aims to provide a full spectrum of information for the exchange options. NGC was launched on the 17 Dec 2017 after raising $50,000,000 from 63,000 people in its ICO. Notable backers of the token are Roger Ver, Miko Matsumura, and the founder of Bancor, Guy Ben-Artzi.
Launched on December 17, 2017, NGC was developed in partnership with the German publicly listed FinTech company, The NAGA Group AG. Despite facing some challenges in adoption, NGC remains a central element of NAGA’s vision for a decentralized financial ecosystem. The 200-day SMA is calculated by taking NAGA’s closing prices in the last 200 days, adding them together, and dividing the total by 200. Based on multiple technical quantitative indicators, the current forecast for NAGA in 2024 is bearish. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy NAGA or not.
What is Naga Kingdom’s 14-day RSI and what does it indicate?
- Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the NAGA price.
- Since the NAGA market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on NAGA’s price movements.
- After the token’s launch on Dec 19, 2017, on the Ethereum platform, over 32,768 wallets have acquired NGC, with a recorded total of 153,887 successful token transactions to date.
- According to our NAGA price prediction, the price of NGC can hit $0.0212 in the next 10 days, what’s about the long-term forecast price for 2025 will be $3.25, and the prediction for 2030 is $6.93.
- Based on multiple technical quantitative indicators, the current forecast for NAGA in 2024 is bearish.
NAGA DeFi focuses on copy trading, where users can replicate the trading actions of experienced and successful crypto traders. This feature allows users to benefit from the trading expertise of others without the need for centralized intermediaries. Trade NAGA Coin on KuCoin Spot Market or other supported platforms to profit from changing market conditions and volatility. You can buy or sell NGC or hold it long-term if you believe in the future potential of the NAGA platform. The investor demand for NAGA Coin is influenced by its adoption and use cases within the NAGA ecosystem. As more users and traders join the platform, the demand for NGC may increase, positively affecting its price.
The development of NAGA DeFi and Social Betting represents the next phase of the ecosystem. These projects aim to introduce a social element to betting and on-chain trading, further enhancing the user experience and expanding the platform’s capabilities. By integrating these features, NAGA continues to push the boundaries of what is possible in the world of decentralized finance. When trying to make a NAGA forecast, many traders also try to monitor the activity of NGC “whales”, which are entities and individuals that control large amounts of NGC. Since the NAGA market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on NAGA’s price movements.
Currencies that are positively correlated with NAGA indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with NAGA, a move in one direction for NAGA would translate into a move in the opposite direction for the negatively correlated coin. To understand what NGC is, let’s start with how the realm of finances works.
By doing so, it seeks to eliminate unnecessary intermediaries and reduce transaction fees. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Naga Kingdom’s price action in 1-hour chunks. Each candlestick will display NAGA’s opening price, closing price, as well as the highest and lowest prices that Naga Kingdom reached within the 1-hour period. According to our Naga Kingdom prediction algorithm, the price of Naga Kingdom will not reach $100.
How to read Naga Kingdom charts and predict price movements?
NGC serves as the core fuel for NAGA’s diverse offerings, including NAGA Trader, NAGA DeFi, and NAGA Social Betting. These platforms enable users to reduce fees, create smart contracts for copy trading, and engage in social finance activities. The Autocopy feature, a standout aspect of NAGA Trader, allows users to replicate the trades of successful investors, fostering a collaborative trading environment.
The highest expected price our algorithm estimates is $ 3.44 by 2048. According to our Naga Kingdom prediction algorithm, the price of Naga Kingdom will not reach $10. The highest price ever recorded for NGC was $3.26, which we consider to be a key level for the price of NAGA to potentially return to in the next bull run.
Beyond its current offerings, NAGA has ambitious plans for the future, including the development of NAGA DeFi and Social Betting. These projects aim to introduce a social element to decentralized finance and on-chain betting, respectively. By leveraging blockchain technology, these initiatives seek to provide transparent, secure, and user-friendly platforms for financial activities. NAGA Group AG was listed on the Frankfurt Stock Exchange in 2017, indicating that the platform and the company were already operational. NAGA Group AG announced the launch of Nagax, a crypto trading platform, in March 2022.
As NGC is a low trade volume cryptocurrency, its price can experience higher volatility compared to more highly liquid coins. Therefore, while it has the potential to rally quickly, it can also drop just as fast. Look at this coin more cautiously please check the coin page and do more research.
