nHBTCN0001
$0.0239
Market/Exchange
N0001 Price Prediction and Price Movement
N0001 has been down 34.6 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that N0001's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if N0001 is backed by a solid development team and whether N0001's technology has any potential to grow.
Please note that this analysis is purely base on N0001's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
nHBTC Price Chart
About nHBTC
nHBTC is the QP(quote pool) token of HBTC/ETH pair on NEST Protocol.
NEST Protocol is a distributed oracle network,also a permissionless community of token holders, data providers, and validators. As a oracle, NEST Protocol privide a creative solution to verficate onchain data, e.g. quotes of digital assets. In NEST network, all data are directly generated on-chain: users(so called, Quote Miners) upload their own asset price quotes with certain amount of collateral , and the quotes will input to NEST's price chain after a fixed verification period. (During the verification period, the users' collateral are open for all forms of arbitrage, only the quotes with no collateral have been traded will be accepted) While the NEST‘s open network remaining permissionless and decentralized, the quotes and other onchain data’s reliability and authenticity are secured by the game theroy between Quote miners, Verifiers and Price Callers.(The quote miners are rewarded with NEST token or a type of Ntoken; Verifiers earn profits directly based on the calculation of price deviation) So far, NEST's quote miners are providing real time quotes for over 50 active trading pairs like ETH/USDT, YFI/ETH etc. Those quotes are accepted by many Open Price Feed format, and then be used by DEX/ reporters like Cofix and Coinbase Pro.