Namecoin
Last modified on 11. October 2020
Quick Facts
The user known as vinced launched Namecoin on 18 April 2011 at bitcointalk.org. The gathering of real-time trading data by coinmarketcap.com subsequently started in May 2013.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, Namecoin had an average trading volume of nearly fifteen k per day for the first trimester of 2019. This figure came to nearly US$ 445 k during the same period the year before. The corresponding drop down in trading volume was 96.7 percent.
For the first trimester of 2019, the average market capitalization was over US$ 10.2 m. In the same period of 2018, this figure came to over US$ 46 m. The corresponding downward retracement of market capitalization equated to 77.8 percent.
Trading Price
In the first trimester of 2019, the average trading price equated to nearly US$ 0.79. This figure came to just above US$ 3.33 during the same time frame of 2018. The corresponding price drop down equated to 76.4 percent.
The all-time high of Namecoin in 2013
The Namecoin currency climbed to a peak in November 2013 at exactly US$ 16.3. At this trading price, the coin reached a market capitalization of just under US$ 86 million. This put Namecoin around certain other digital currencies, such as Peercoin.
Namecoins all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 12 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ about 500 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ about 80 billion.
- Namecoin (NMC): 0.086 bn US dollars
- Bitcoin (BTC): 12 bn US dollars
- Apple (AAPL): about 500 bn US dollars
- VW (VWAGY): about 80 bn US dollars
- Date: 28 November 2013
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of Namecoin stood at over US$ 0.62 with a market capitalization of nearly US$ 9.1 million. A drop down to approximately 3.8 percent compared with the highest trading price described above.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The Namecoin is a native coin and is created by mining. It has no maximum number of coins, unlike Bitcoin, for example. If you are interested in the source code, be sure to also visit the GitHub page.
This block explorer can be used to track the current block height and other recently updated statistics around all Namecoin transactions.
To delve deeper into the world of Namecoin, download the white paper or find more links to community forums, source code and social media accounts, visit namecoin.org.
Markets
BTC
There are a number of platforms where you can buy or sell Namecoin, including Livecoin, SouthXchange and YoBit, among others.
Social Links
Stop by the following social media channels to speak directly to the Namecoin team:
1. Or 0.0039 percent, if omitting Bitcoin.