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NEST Protocol

NEST

Price
$0.0249
12/7/2022, 2:20:29 PM
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Market

Market stats

Market cap

$72.3M

Volume (24h)

$2.7M

Circulating supply

2.9B NEST

Typical hold time

8 days

Trading activity

Not enough data

Popularity

#112

All time high

$0.24

Price change (1h)

-0.08%

Price change (24h)

+1.59%

Price change (7d)

+0.73%

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NEST Protocol is on the rise this week.

The price of NEST Protocol has risen by 0.73% in the past 7 days. The price increased by 1.59% in the last 24 hours. In just the past hour, the price shrunk by 0.08%. The current price is $0.0249 per NEST. NEST Protocol is 89.64% below the all time high of $0.24.

The current circulating supply is 2,911,743,948 NEST.

About

NEST is an Ethereum token that powers the NEST Protocol, a price prediction platform that aims to improve the crypto market. NEST is used to meet liquidity needs for the platform.

What Is Nest Protocol (NEST)?

NEST Protocol is a secured decentralized oracle built on Ethereum that provides creative solutions using different modules. The NEST oracle primarily solves the problem of price on-chain through a decentralized incentive solution, the price predictor. To simplify, DeFi protocols depend on price data to reflect the asset price on an exchange. As per the whitepaper, price prediction oracles are important to the future of blockchain finance. Price data is generally manipulated and not verified, leading to the possibility of data attacks. Thus, the Nest Price Predictor directly verifies the price of the asset to ensure the information is timely and accurate. The system also avoids the risks of centralization. 

The NEST Oracle determined price is captured on the blockchain, with each block recording a price. The price on each block is generated by a certain algorithm. This price is called the block-price or the Nest Price, which is the verified price of the asset. 

NestNodes are an important part of the NEST Protocol ecosystem. As the source of power for NEST development, it provides numerous resources and funds for the early research and development of NEST. NestNodes provide benefits and influence from the NEST ecosystem including the governance rights to the NEST protocol via initiating and exercising votes on the network.

NEST is the native token of the Nest Protocol. NEST is a token issued on the Ethereum ERC20 protocol, with a total value of 1500 integers (to better reflect the decentralized characteristics of NEST Protocol). NestNodes carry out NEST transactions and circulation freely, and the holder group is distributed as follows:

  • Miners who participate in the prediction machine of NEST quotes are referred to as quoted miners.

  • Development refers to the NEST Protocol Developers Group.

  • Holders of a Guardian Node are early funders and supporters of the NEST Protocol.

  • Given that the quoted NEST mining quantity is 100, the quoted miner would receive 80, while the developer would receive 5, and the guardian would receive 15. 

History of Nest Protocol

The total supply of NEST tokens is ten billion NEST. 

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FAQ

What is the current price of NEST Protocol?

The price of 1 NEST Protocol currently costs $0.0249.

What is the market cap of NEST Protocol?

The current market cap of NEST Protocol is $72.27M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of NEST Protocol?

The all-time high of NEST Protocol is $0.24. This all-time high is highest price paid for NEST Protocol since it was launched.

What is the 24 hour trading volume of NEST Protocol?

Over the last 24 hours, the trading volume of NEST Protocol is $2.66M.

What other assets are similar to NEST Protocol?

Assets that have a similar market cap to NEST Protocol include Bifrost (BFC), Centrifuge, Biswap, and many others. To see a full list, see our comparable market cap assets.

How many NEST Protocol are there?

The current circulating supply of NEST Protocol is 2.9 billion.

What is the typical holding time of NEST Protocol?

The median time that Coinbase customers hold NEST Protocol before selling it or sending it to another account or address is 8 days.

What is the relative popularity of NEST Protocol?

NEST Protocol ranks 192 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of NEST Protocol?

Currently, 63% of Coinbase users are buying NEST Protocol. In other words, 63% of Coinbase customers have increased their net position in NEST Protocol over the past 24 hours through trading.