Key Takeaways

• NUM token has had moderate price swings and seems well protected from price manipulation. The price is well-positioned going forward

• NUM recently announced the creation of an application for AI companies to track data provenance.
• According to historical data, NUM price could be going up very soon since the price has already increased by 146% in the last year.

A week ago, Numbers Protocol (NUM), an asset-driven protocol to make digital media traceable and verifiable through its innovative process, fell 24% to $0.049. The crypto has been relatively average in terms of volatility when compared to other cryptocurrencies.

However, Numbers Protocol got a moderate volatility rank of 57 , placing it in the top 43% of cryptos on the market.

The Volatility Gauge follows, which means that one day doesn’t define its volatility rank – but a trend does. The token has moderate price swings and is well protected from price manipulation.

Numbers Protocol price is well positioned going forward. With support at $0.038 and resistance near $0.056. This positions Numbers Protocol with room to run before facing selling pressures.

What is NUM?

According to the official website , Numbers Protocol (NUM) is the asset-driven protocol to make digital media traceable and verifiable through its innovative process. By making digital media traceable and verifiable, NUM is able to address critical issues in the digital media space, namely misinformation, copyright, and royalty distribution.

How NUM Works?

Numbers Protocol has 6 billion gateway monthly traffic from 190 countries and is already being used by art, music, NFT platforms, and the metaverse. The company recently announced  creating an application for AI companies to track data provenance.

NUM products include:

Capture App – The world’s first Web3 camera that allows users to secure photos and videos with on-chain integrity records, providing a transparent, immutable history of digital content.

Numbers API – Developers and enterprises can implement Numbers API to register photos and access their Web3 addresses and certificates

Numbers Search Engine – Acts as a Google for digital media and boasts the highest multi-network asset coverage, reverse-image search, dedicated asset profiles, and AI-powered similar image results.

The protocol aims to diminish the damage caused by unlicensed and stolen images spread over the internet. Users seek to validate the origin, creation certificate, photo history, and ownership of the photos and videos through the platform.

NUM price history

Bofu Chen and Tammy Yang founded Numbers-Protocol in May 2019. 

The platform launched its whitepaper on November 16, 2021, limiting the maximum total supply to 1,000,000,000 NUM tokens.

When NUM first came to the market in 2021, it was worth $0.84. From then, the lowest price recorded was $0.025 in May 2023, and the maximum price that Numbers Protocol reached was $1.28 in December 2021.

At the time of writing, the NUM token price stood at $0.045 with a 24-hour trading volume of $954,212. The price of Numbers Protocol has fallen by 22.26% in the past 7 days. 

The current price is $0.0450 per NUM. Numbers Protocol is 98.23% below the all-time high of $2.54. NUM has a circulating supply of 382,48 million coins.

What is NUM similar to?

Numbers Protocol (NUM) closed its last funding round on December 1, 2021, from a Non-equity Assistance round. Alternatives and possible competitors to Numbers Protocol may include LimeWire, Fetch.AI, and Npixel.

However, since the Numbers Mainnet (Jade), the first Provenance Network, was launched on December 2022, it marked a significant milestone for Numbers Protocol and the digital media industry. 

The Numbers Mainnet has an important feature that helps to ensure the legitimacy of digital-media assets. This means that by recording digital assets on the platform, they can represent their own records and values in a decentralized way. This results in a greater level of transparency and accountability in the management of digital assets. The platform allows for accessible and transparent records, giving the assets the ability to speak for themselves. In short, this innovation brings reliability to the handling of digital assets.

The innovative approach has, therefore, set NUM apart from similar projects in the industry. 

Current NUM price 

On May 31, 2023, NUM price stood at $0.045.

NUM price prediction 

Numbers Protocol is facing a hard time getting on board with other crypto coins, and the NUM is down to almost -34.18% in the last 7 days. The coin is still showing risky framing segments for the last few days, but it could have strong fundamentals.

After comparing  the current price with the past 30 days’ price history, it is noticed that Numbers Protocol has increased by nearly 100% in its value. The average minimum price for the month is $0.00001311, while the maximum average price was $0.00001311. This implies that this coin is a suitable asset and a new addition to one’s portfolio of coins for the long term.

The 90 days price change is around 99.90%, and the price circulated from a minimum average price of $0.00001156 to a maximum average price of $0.00004498 in the past 90 days.

NUM price prediction for 2023

It is expected  that by the end of 2023, the price of Numbers Protocol will reach a minimum level of $0.054. The NUM price can reach a maximum level of $0.064 with an average trading price of $0.056. 

NUM Price Prediction for 2025

In 2025, as per the forecast price and technical analysis, the price of Numbers Protocol is predicted to reach at a minimum level of $0.11. The NUM price can reach a maximum level of $0.14 with an average trading price of $0.12.

NUM Prediction for 2030

Numbers Protocol price is forecast to reach the lowest possible level of $0.72 in 2030. As per analysis, the NUM price could reach the maximum possible level of $0.89 with the average forecast price of $0.75. 

NUM Prediction Short Term

Numbers Protocol uses a capture, seal, trace approach to provide authenticity certifications as well as traceable records for data and content at the beginning of the content lifecycle, enabling users to claim and retain ownership of their data.

At the center of Numbers Protocol, as the platform’s native protocol token, is $NUM, which is a utility token designed to incentivize users to create, archive, and verify content with good integrity.

Still, NUM is considered a good investment in short-term since it is innovating and developing along the way. Recently, the company started a collaboration  between Rolling Stone and Starling Lab in order to bring transparency and traceability to real-life issues. That represents a meaningful use case for Web3 technology outside of crypto and could boost the price.

NUM prediction long term

Speaking of long-term Numbers Protocol price predictions, experts present two polar opinions . One stream claims that Numbers Protocol price won’t grow further and, supposedly, will decline to $0.012859.

On the other hand, the second, more optimistic opinion echoes the projection of a downtrend to $0.012218 but promises later growth up to $0.071162.

As it can be clear from the analysis cited above, Numbers Protocol (NUM) projections are rather contradictory. There is no universal consensus either about positive or negative future NUM price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Numbers Protocol projects, the crypto environment in general, legal position, and so on. 

FAQs 

How and Where to Buy NUM token?

 NUM has been listed on a number of crypto exchanges, but unlike other main cryptocurrencies, it cannot be directly purchased with fiat money. One can buy NUM using Bitcoin, ETH, USDT or BNB. 

What’s the connection between Numbers Protocol and War Crime Investigations?

NUM became a part of the first deployments of photojournalism on Web3 with Rolling Stone and Starling Lab for investigating war crimes committed by a Serbian force, Arkan’s Tigers — The DJ and the War Crimes. The documents collected during the investigation are captured and registered on Numbers Protocol, alongside projects like Likecoin, Avalanche, IPFS, Filecoin, and others that leverage the technique of cryptographic verification.

How is NUM connected with the Music Industry?

NUM partnered with Music Battles Corporation and ACOY to onboard artists, platforms, and record labels into the Numbers Protocol ecosystem. It intends to bring more authenticity to digital media, including digital music, by utilizing Web3.0 technology and creating asset-centric, cross-network protocols that focus on digital media authenticity and provenance.

Is NUM a Good Investment?

According to the analysis , the market sentiment for Numbers Protocol is currently unfavorable, as indicated by technical indicators. However, the Fear & Greed Index shows a neutral reading of 51. In the past 30 days, Numbers Protocol has recorded 30 consecutive “green” days, meaning that the price has consistently increased without much fluctuation. Based on our Numbers Protocol forecast, it is suggested that one holds off on buying at this time.

Will NUM go up or down?

NUM has got one of the strongest communities that stood strong even in the bear market during the one and half years. It has a solid ambassador program, eighteen local communities, and hosts three DAO meetings and many fireside chats to discuss how to improve Numbers. 

Still, as the ecosystem and product development continues to expand, NUM also faces new challenges, such as communication channel confusion. 

More and more users from the user side have little experience with Web3. These challenges are common when a project is growing, but by addressing them head-on, NUM is working on strengthening the community and further aligning it with goals for 2023. 

According to historical data,NUM price could be going up very soon since the price already increased by 146.00% in the last year.

Should I invest in NUM?

According to experts, the average price of NUM might increase to $0.056 by the end of this year. However, if you’re thinking long-term, the five-year plan suggests that the coin could easily reach the $0.25 mark. 

However, the future of NUM is heavily influenced by the performance of the overall crypto industry. So, before you consider investing in NUM, it’s important to have a solid investment strategy in mind. Keep in mind that investing in NUM is not for everyone, especially those who aren’t comfortable with taking on asymmetric risks. 

While the numbers may be encouraging, it’s important to evaluate your own investing goals and risk tolerance before jumping into any investments, including NUM.

Disclaimer

The article does not contain trading advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.