Nimiq is a decentralized payment protocol aimed to attract people who are tired of complicated schemes but like something user-friendly and easy-to-use. Nimiq team has succeeded in creating a truly unique payment solution with NIM coin cryptocurrency in its core.
This summer, the Nimiq coin rate bounced by 13x. What caused such a boom, and how’s NIM coin performing now? Let’s answer the questions about the present and future of Nimiq cryptocurrency right in this piece.
Nimiq Cryptocurrency Basics
Nimiq platform is decentralized and resistant to the censorship payment system. NIM coin is used as an internal cryptocurrency which users can transfer and store. The users can connect the Nimiq blockchain right from their web-browser. This part makes the Nimiq project extremely user-friendly. The user experience is on the high level due to the unique feature that just works.
Nimiq development team are firmly sure that cryptocurrencies should be accessible for an ordinary user. This thought can widespread digital money ideas faster all around the world. Nimiq became a place of the ecosystem which consists of dozens of decentralized applications and other bright ideas. One such idea is Nimiq Safe, a wallet that doesn’t require installing the whole blockchain.
Nimiq mainnet was launched in April 2018. The development team published the code on GitHub, so it’s easy to make comments or contribute to the project. The system previously used the PoW algorithm. However, with the launch of Nimiq 2.0, developers switched to the PoS, named Albatross. One significant advantage of Proof of Stake is reduced energy consumption.
There are two types of clients in the system: backbone and browser. Backbone clients do an uplifting and secure work while browser clients are making Nimiq native to the net.
The Nimiq Network has a supply of 21B of NIM. The tokens are distributed as follows:
88% Validators Reward (mined over ~100 years)
5% Token Sale Contributors
2.5% Long-Term Project Endowment Foundation (10-year vesting)
2% Good Cause Partnerships and Sponsorships (10-year vesting)
1.5% Early Contributors (6-month vesting)
1% Creators (3-year vesting)
Nimiq Coin Live Price
Nimiq Coin Price Changes
Nimiq cryptocurrency is quite volatile. At the dawn of cryptocurrency, there were three price peaks at the NIM coin graph.
The first price peak of $0.004 was associated with listing on the LATOKEN exchange.
By October 2018, the NIM coin went up slightly due to the whole market performance. The third price peak of $0.002 was connected to the announcement of the mainnet launch. The announcement was posted on Twitter on April 5th, 2019:
The all-time highest peak was reached in July 2020. Back then, the price of the Nimiq token got the ceiling of $0.01. The team conducted a series of giveaways, in which there were two winners each hour: one got the Ledger Nano S wallet, and the other got 5,000 NIM coins.
As we can see from the price graph, there is a bear market trend now. Now, let’s see if there are any prospects for Nimiq cryptocurrency in the nearest future.
Nimiq (NIM) Price Prediction for 2020-2025
There are a lot of price prediction services and algorithms on the market. One of them is Trading Beasts. Its algorithm works with historical price data and uses a combination of linear and polynomial regressions to provide users with as much accurate crypto price predictions as possible.
However, these crypto predictions can provide users with a general idea where crypto prices might head; they can never be used as the only tool for traders or investors to base the investment decision. Anyway, let’s give it a chance to overlook the whole situation considering Nimiq’s price prediction.
According to the source, by the end of 2020, the NIM coin can slightly go up to $0.003. The Nimiq cryptocurrency price will gradually increase so that in 2021 it can reach $0.004, in 2022 – $0.005, and 2023 – $0.006.
There is another Nimiq price prediction. The similar service, Wallet Investor, predicts the following NIM price to the next five years. In 2021, the Nimiq rate will increase up to $0.006. In 2022, Nimiq can go back to the all-time highest point of $0.01. This tendency will remain in 2023. Finally, by the end of 2025, the NIM coin price can increase to $0.02.
Twitter users are also discussing the future of Nimiq cryptocurrency. There is an example of a thread where users hope that NIM coin goes to the moon.
All in all, Nimiq cryptocurrency project has quite clear prospects. The team develops its roadmap and highlights the achieved milestones that give a clear picture of the Nimiq future.