This feature is designed to make betting more interactive and engaging. Ethereum’s blockchain employs a proof-of-work (PoW) consensus algorithm, which requires miners to solve complex mathematical problems to validate transactions and add them to the blockchain. This process is computationally intensive, making it difficult for any single entity to manipulate the blockchain. Additionally, Ethereum’s extensive network of nodes ensures that the blockchain remains decentralized, further enhancing its security. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite.
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. NAGA (NGC) is a cryptocurrency token built on top of Ethereum platform, launched in December 2017. Using a crypto portfolio tracker has become more convenient than it was in the past.
What is the Naga Kingdom Fear & Greed Index and what does it indicate?
NAGA DeFi allows users to copy the trades and actions of others directly on-chain with the flexibility to choose the assets and amounts to be copied automatically. This feature enables users to manage their crypto portfolios more efficiently. NGC acts as the main commission fuel for blockchain-based copy trading, allowing users to access this service with reduced fees. $NGC is seamlessly integrated into the NAGA platform, serving as the primary currency for transactions, fee payments, and collateral. Users can utilize $NGC for reduced trading fees, cashback rewards, access to premium content, and more.
50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the NAGA price moves above any of these averages, it is generally seen as a bullish sign for Naga Kingdom. Conversely, a drop below an important moving average is usually a sign of weakness in the NAGA market. Many cryptocurrency traders pay close attention to the markets when the current Naga Kingdom price crosses an important moving average like the 200-day SMA.
Is NGC a risky investment in 2021?
The incorporation of Rezolve AI into the platform, set to go live in Q4 2023, is another example of NAGA’s commitment to leveraging cutting-edge technology to enhance user experience. In , () is anticipated to change hands in a trading channel between and , leading to an average annualized price of . This could result in a potential return on investment of compared to the current rates. Some NAGA coin predictions do not predict the price fall in the long run, but current trends signal the opposite.
- NAGA Coin (NGC) emerged as a significant player in the cryptocurrency landscape with its launch on December 17, 2017.
- 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.
- NAGA DeFi allows users to copy the trades and actions of others directly on-chain with the flexibility to choose the assets and amounts to be copied automatically.
- The current Naga Kingdom sentiment is bearish according to our technical analysis.
- The first few days of March, NAGA had a stable price, ranging between $0.95 and $0.81.
According to the NAGA coin price prediction, for the following 7 days, the price is assumed to decrease by 2.7%, and in 14 days – up to -29.7%. It becomes clear that the NGC price is rather anticipated to keep performing badly, making it disadvantageous crypto to invest, especially in the long-run perspective. Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens.
Get the latest cryptocurrency news directly in your inbox.
NAGA is a dynamic social investing platform with a global community exceeding 1 million users, aiming to decentralize financial technology. Developed in collaboration with the German publicly listed FinTech, The NAGA Group AG, and listed on the Frankfurt Stock Exchange, NAGA seeks to democratize access to advanced market tools. Central to its ecosystem is NAGA Coin (NGC), an Ethereum-based token launched in 2017. NAGA Coin (NGC) is a cryptocurrency that aims to become the one coin for social finance.
NAGA Coin live price chart
In 2024, NAGA hosted its Capital Markets Day, an event that provided insights into the company’s strategic vision and growth ambitions. This event was followed by the NAGA Roundtable on Vision 2026, where discussions centered around the future trajectory of NAGA and its role in the evolving cryptocurrency market. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. Users can benefit from copy trading best-performing traders on the NAGA Trader investing application and participate in DeFi by directly copying users’ blockchain trades.
The 14-day relative strength index (RSI) is currently at 46.23, indicating Natural conditions in the market without being oversold or overbought. Similarly, the weekly chart’s relative strength index (RSI) is at 63.31, also indicating natural conditions in the market. NAGA naga coin price prediction Coin (NGC) emerged as a significant player in the cryptocurrency landscape with its launch on December 17, 2017. This launch followed a successful Initial Coin Offering (ICO) that raised $50,000,000 from 63,000 participants.
The 200-day SMA is calculated by taking Naga Kingdom’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 Kingdom 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 Kingdom or not. Through NAGA DeFi, users can engage in decentralized finance activities such as lending, borrowing, and earning interest on their crypto assets.
