Post
Topic
Board Announcements (Altcoins)
Merits 4 from 1 user
Re: [announce] Namecoin - a distributed naming system based on Bitcoin
by
ToxicDartFrog
on 28/10/2021, 16:37:15 UTC
⭐ Merited by nutildah (4)
One thing I find interesting right now is how little supply of Namecoin there is for the price.

To put it in perspective a coin like Cardano has a circulating supply of 33,257,079,050 ADA and trades at about the same price as NMC right now ~$2

However, there's only a circulating supply of 14,736,400 NMC

That means Cardano is 2256.8 times more abundant. If NMC rose to the same market cap that would easily put it at thousands per coin.

I suspect people are holding off on hyping it up too much to build positions and waiting for it to return to a major exchange. It was popular on btc-e/wex but after they went down the coin has only been traded on lesser-known exchanges.

It's clear the devs are still active but it would be nice if they tried to increase frequency of dev posts a bit. Might help to build momentum while we petition to get it added to somewhere like Coinbase.