Namecoin Price NMC
$0.5725
+2.09%
24H Low $0.5591
$0.5789 24H High
About Namecoin (NMC)
Namecoin is a domain name registry service and was the first coin to fork Bitcoin. Similar to registering a .com or .io domain name, you register a .bit domain on the network. This domain is censorship-resistant and impervious to activity tracking. Governments and large corporations control traditional domain name services (DNS) servers. This control is how the Chinese government, for instance, can block websites that go against their beliefs. To prevent this level of censorship, Namecoin uses blockchain technology to distribute its DNS amongst the users on the network.
A pseudo-anonymous founder by the name of “Vince” created Namecoin in 2011. Since then, Vince has disappeared, but a core development team has kept the project alive. The project has several developers listed on the official website and benefits from the contributions of numerous anonymous developers as well. Namecoin has been fully functional for a few years, now, and the development team posts updates several times a month.
Namecoin was the first cryptocurrency to use Auxiliary Proof of Work (AuxPoW) for its consensus. By using AuxPow, Namecoin and Bitcoin can be mined simultaneously. In this consensus, the child blockchain depends on the proof-of-work of parent blockchain, which means If a new block is created on Bitcoin blockchain, it will also be added to the Namecoin blockchain. NameID is another technology brought by Namecoin. It serves as an open service for securely registering human-readable names in a decentralized way. NameID is a combination between Namecoin and OpenId, where users can easily convert their Namecoin Identities into OpenIDs. This makes NameID a solution to Zooko's triangle, which states that there are three desirable properties (Human-meaningful, Decentralized, and Secure) for name participants in a network protocol and any participant can only inherit two properties at a given time.
Namecoin is among some earliest cryptocurrencies.
24H Volume$11.12K
All-Time High(ATH)$13.11
All-Time Low(ATL)$0.0009151
Market Cap$8.43M
Fully Diluted Valuation$8.43M
Market Cap/FDV100%
Circulating Supply14.73M NMC
Total Supply21.00M NMC
Max Supply∞
Market SentimentPositive
* Data from 3rd parties
Namecoin (NMC) Price Trends
Time period | Change amount | % Change |
---|---|---|
1H | $0.003075 | +0.54% |
24H | $0.01173 | +2.09% |
7D | $0.01478 | +2.65% |
30D | $0.05548 | +10.73% |
1Y | -$0.8918 | -60.90% |
Credibility Indicators
66.84
Reliability Score
Rank #1
#2695
Percentile
TOP 20%
Live Namecoin (NMC) Price Update
Namecoin price today is $0.5725 with a 24-hour trading volume of $11.12K, and as such Namecoin has a market cap of $8.43M, giving it a market dominance of 0.00044%. The Namecoin price moved +2.09% in the last 24 hours.
Namecoin reached its highest price on 2013-11-29 when it was trading at its all-time high of $13.11, while its lowest price was recorded on 2023-05-26 when it was trading at its all-time low of $0.0009151. The current lowest price since the last cycle high was $0.0009151, and the highest price since the last cycle low was $13.11. The social sentiment of Namecoin is currently Neutral.
FAQs: Namecoin (NMC) Price
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Namecoin Tokenomics
Namecoin Data Analysis
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Fund Flow Analysis
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Funds Flow Record
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Holding Distribution
Top 5 Address | Total |
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Others | 100.00% |
Namecoin (NMC) Announcements
MoreNo record
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-09-19 | $3.03M | 18.56K NMC | $0.56 | N/A |
2024-09-18 | $2.93M | 19.97K NMC | $0.5423 | $0.56 |
2024-09-17 | $2.85M | 18.16K NMC | $0.5265 | $0.5423 |
2024-09-16 | $2.93M | 18.71K NMC | $0.5423 | $0.5265 |
2024-09-15 | $2.95M | 18.12K NMC | $0.5467 | $0.5423 |
2024-09-14 | $3.02M | 27.72K NMC | $0.5591 | $0.5467 |
2024-09-13 | $3.01M | 18.95K NMC | $0.5572 | $0.5591 |