Novacoin NVC Coin Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quick Facts

Novacoin is a small cryptocurrency. Boasting a market capitalization of over US$ 403 thousand on 1 October 2020, it had captured less than 0.01 percent of the market for crypto assets.¹^|2 NVC is its ticker symbol.

Novacoin was introduced by the user xorxor at bitcointalk.org on 11 February 2013. coinmarketcap.com subsequently launched the collection of real-time trading data in May 2013.

http://novacoin.org

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, the average trading volume of Novacoin during the first trimester of 2019 equated to over US$ 1,200 per day. This figure came to over US$ 74 k during the same period in 2018. In other words, the previous/prior volume growth has almost entirely receded.

For the first trimester of 2019, the average market capitalization was over US$ 1.1 m. This figure came to nearly US$ 10.3 m during the same time frame the year before. The corresponding drop down in market capitalization equated to 89.2 percent.

Trading Price

The average trading price during the first trimester of 2019 equated to nearly US$ 0.51. In the same time frame of 2018, this figure came to just above US$ 5.47. The corresponding price drop down equated to 90.8 percent.

The all-time high of Novacoin in 2013

Novacoin NVC Price analysis generated by coindashboards.com — Price analysis for the most important moments in Novacoin’s trading history (NVC)

The Novacoin currency climbed to a peak in November 2013 at over US$ 31.2. At this trading price, the coin reached a market capitalization of over fourteen million US dollars. This put Novacoin around certain other digital currencies, such as Megacoin and Infinitecoin.

Novacoins 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.

Novacoin (NVC): 0.014 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 Novacoin stood at nearly US$ 0.40 with a market capitalization of over US$ 902 thousand. A retracement down to approximately 1.3 percent compared with the peak trading price stated above.

Bitcoin dropped down to approximately 19.5 and Ethereum to about 9.7 percent of their all-time-high trading prices around that time.

More Details

The Novacoin is a native coin and is generated by mining. It has no maximum number of coins, unlike Bitcoin, for example. Those interested in the source code should also take a look at the GitHub page.

Block height and other recently updated statistics around current Novacoin transactions can be traced through this block explorer.

To delve deeper into the world of Novacoin, download the white paper or find more links to community forums, source code and social media channels, visit http://novacoin.org.

Markets

Novacoin NVC Market analysis generated by coindashboards.com — Markets on which Novacoin (NVC) can be traded

BTC

There are a number of platforms where you can buy or sell Novacoin, including Livecoin and YoBit.

^{1. This figure changes to 0.0003 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}