Nigella Coin Price Prediction 2024: NIGELLA Price Analysis
What's next for Nigella Coin? l Credit: Derek Fenech/CCN.com
Key Takeaways
- Nigella Coin launched its NIGELLA token on the public market on July 1.
- The token reached an all-time high in mid-July before retracing.
- One price prediction says it may reach $18.47 next year.
Nigella Chain combines blockchain technology with the clean food industry and digital financial transactions, applying this technology to real-world scenarios.
Nigella Chain plans to launch 120 projects globally by the end of 2025. Its first blockchain product, “Clean Food,” aims to enhance the clean food industry by ensuring product traceability from source to table. Using NFT QR codes, consumers can access detailed information about their food’s origin and production stages. This initiative allows consumers to choose healthy and reliable foods while producers can demonstrate the quality of their products and prevent counterfeiting.
It launched its NIGELLA token on July 1, 2024, and it was worth $7.15 on Aug. 2, 2024.
Nigella Coin did not respond to a request for comment.
Let’s examine our Nigella Coin price predictions, made on Aug. 2, 2024. We will also examine the Nigella Coin price history and discuss what Nigella Coin is and does.
Nigella Chain Price Prediction
Let’s analyze some of Nigella Coin’s price predictions CCN made on Aug. 2, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum NIGELLA Price Prediction | Average NIGELLA Price Prediction | Maximum NIGELLA Price Prediction | |
|---|---|---|---|
| 2024 | $6.42 | $14.40 | $15.68 |
| 2025 | $15.36 | $17.36 | $18.47 |
| 2030 | $48.26 | $50.45 | $53.57 |
Nigella Coin Price Prediction for 2024
If the positive momentum continues and NIGELLA breaks above its moving averages, it could reach targets between $6.42 and $15.68 by the end of 2024, with the average price set at $14.40.
Nigella Coin Price Prediction for 2025
Technical analysis suggests a potential increase for Nigella Coin in 2025. The minimum NIGELLA price expected for 2025 is $15.36, while the maximum is $18.47. On the other hand, the average forecast suggests it may reach $17.36.
Nigella Coin Price Prediction for 2030
Based on technical analysis, the NIGELLA token may reach a maximum level of $ 53.57 at the beginning of the next decade, while, in the worst scenario, it may go to $48.26. Meanwhile, the average expected price is $50.45.
Nigella Coin Price Analysis
The current technical indicators for Nigella Coin show a neutral Relative Strength Index (14) of 48.700. The Stochastic %K (14, 3, 3) is at 10.866, indicating a neutral position.
The Momentum (10) is -1.209, suggesting a buy signal, while the Williams Percent Range (14) stands at -91.296, indicating a neutral stance.
Short-Term Pepe Price Prediction
Price prediction for Nigella Coin suggests a 1% rise in the next 24 hours and a significant increase of 228%, potentially reaching $23.63 by Sep. 1, 2024.
Despite this optimistic forecast, technical indicators currently show a bearish sentiment, and the Fear & Greed Index is at 57, indicating greed. Over the past 30 days, Nigella Coin has experienced 12 green days out of 28 (43%) with notable price volatility. Based on this forecast, now may not be the best time to buy Nigella Coin.
Nigella Coin Relative Strength Index (RSI): Is NIGELLA Oversold or Undersold?
Nigella Coin Price Performance Comparisons
How Do We Make a Nigella Coin Price Prediction?
Our price prediction for Nigella Coin combines technical analysis tools and recognizes the logic in price cycles. We usually use the Relative Strength Index, Fibonacci, and other technical analysis tools. Applied to Nigella Coin’s specific timeframes and price history, we can come up with the targets, but the further we project, the less accurate they are. This is because they depend on what happens in between.
Nigella Coin Price History
Following that, let’s examine some of the key dates in the Nigella Coin price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when making or interpreting a Nigella Coin price prediction.
| Time period | Nigella Coin price |
|---|---|
| Last week (July 25, 2024) | $8.5462 |
| Last month (July 2, 2024) | $8.0575 |
| Launch price (July 1, 2024) | $8.0895 |
| All-time high (July 21, 2024) | $12.75 |
| All-time low (July 7, 2023) | $6.1453 |
Nigella Coin Market Cap
The market capitalization, or market cap, is the sum of the total number of NIGELLA in circulation multiplied by its price. On Aug. 2, 2024, Nigella Coin’s market cap was $336.2 million, making it the 2,846th largest crypto by that metric.
Nigella Coin Supply and Distribution Fact Box
| Supply and distribution | Figures |
|---|---|
| Total supply | 188,000,000 |
| Circulating (as of Aug. 2, 2024) | 47,000,000 (25% of total supply) |
From the Whitepaper
Nigella Coin’s whitepaper hasn’t been published yet.
What Is Nigella Coin?
Nigella Chain offers several products: Nigella Wallet to manage crypto assets; Nigella Pay, which facilitates fast and immediate payments with real-time exchange rates; Nigella Stake, which allows coin holders to lock coins, contributing to network integrity and earning profits; Nigella Swap, that enables quick and safe coin exchanges within the chain; and Nigella Diamond, that provides education, testing, and certification for those interested in blockchain and NFT technologies.
How Nigelal Coin Works
Is Nigella Coin a Good Investment?
It is hard to say. The token’s price increased recently, but we don’t know how sustainable the recent upturn is. The market wonders where the price is heading after reaching a new all-time high in mid-July.
As always with crypto, you should do your own research before deciding whether or not to invest in NIGELLA.
Will Nigella Coin go up or down?
No one can really tell right now. While the Nigella Coin crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in Nigella Coin?
Before you decide whether or not to invest in Nigella Coin, you will have to do your research, not only on NIGELLA but also on other coins and tokens such as Shiba Inu (SHIB) or Dogecoin (DOGE). Either way, you will also need to ensure you never invest more money than you can afford to lose.
FAQs
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
