NameCoin: why to buy now
Namecoin is an experimental open-source technology which improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure such as DNS and identities.
On CoinGeco , a coin ranking services, gives Namecoin a rank of 25. Which is respectable among 100s of currencies.
On bitinfocharts - the difficulty level is continuously increasing.
On bitinfocharts - the transactions are stable.
On Coinwarz - The mining profitability for namecoin is negative.
All in all Namecoin is a currency of use which does have stable transactions, although it would have been good if transactions also had grown. Still it can be concluded that the coin has use in internet space. Therefore, the mining can not remain unprofitable for long and for mining to turn profitable - the only way is for NameCoin price to appreciate from here.
And based on cryptocompare data, which provides wealth of data on any currency/token, using artificial intelligence - the buy signal for Namcecoin continues and in fact modeled price is higher than current price. Point reflects overall score by cryptocompare service to namecoin. Therefore, the price for namecoin will appreciate from here.
So overall signal is BUY.
Risk : Keep monitoring transactions. If transactions do not increase then holding the coin could be risky.
Wow, I haven't heard about Namecoin til reading the post of yours, @prameshtyagi! Great post btw.
I have just followed you ;)
thnx @lazariko12
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Many thanks my friend @prameshtyagi for this information
Many thanks my friend @prameshtyagi for this information
Great article my dear friend