Nest Protocol (NEST) price has declined today.
The price of Nest Protocol (NEST) is $0.013473005943 today with a 24-hour trading volume of $468,025. This represents a -2.40% price decline in the last 24 hours and a 4.00% price increase in the past 7 days. With a circulating supply of 5.9 Billion NEST, Nest Protocol is valued at a market cap of $79,965,209.
What is Nest Protocol?
Nest Protocol is a web3 infrastructure, enabling the generation and programming of stochastic assets, and NEST protocol is the pioneer in Stochastic Assets mechanism that improves the web3 security by approaching crypto assets as information and managing the expected $NEST value.
What are NEST tokens?
Nest Protocol’s native token, NEST, is the protocol’s reward token which incentivizes users to provide accurate price quotes. It also carries a variety of applications:
-
Value unit - NEST is used as the value unit of Stochastic Assets. $NEST can be burned or generated according to the on-chain's instructions. NEST will be destroyed as the cost of generating stochastic assets, while NEST could be generated when the stochastic assets are settled.
-
Income - NEST holders are eligible to receive weekly ETH dividends from the protocol’s fees, based on the proportion of NEST staked.
-
Participation - NEST tokens are required to participate in nToken bidding (more on nTokens below).
-
Governance - NEST allows users to vote on the protocol’s direction, where 1 NEST is equivalent to 1 vote.
How does Nest Protocol work?
1.NEST is issued and destroyed by instructions, and it can solve the problem of atomic settlement and market clearing that ETH cannot. Furthermore, NEST utilizes the OMM (Omnipotent Market Maker) mechanism, which allows anyone to trade with the NEST system directly and can theoretically provide users with infinite liquidity.
2.NEST has been listed on 15 exchanges and has over 1.2 million community members; using NEST tokens can solve the problems of low credibility, high volatility of token supply, and a lack of liquidity when using the project's own tokens.
3. NEST's PVM allows for the generation and programming of on-chain stochastic assets, which can generate on-chain assets with any risk-return structure that users require. Because all on-chain applications involve the purchase of stochastic assets, NEST's potential market is to provide services for all on-chain applications.
To know more about how the Nest Protocol works, you may refer to their whitepaper.
Where can you buy Nest Protocol?
NEST tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Nest Protocol is Huobi, where the most active trading pair NEST/USDT has a trading volume of $303,429.63 in the last 24 hours. Other popular options include Coinbase Exchange and Gate.io.
What is the daily trading volume of Nest Protocol (NEST)?
The trading volume of Nest Protocol (NEST) is $468,024.79 in the last 24 hours, representing a -43.00% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Nest Protocol (NEST)?
The highest price paid for Nest Protocol (NEST) is $0.237647, which was recorded on Aug 10, 2020 (almost 3 years). Comparatively, the current price is -94.30% lower than the all-time high price.
What is the all-time low for Nest Protocol (NEST)?
The lowest price paid for Nest Protocol (NEST) is $0.004908480731, which was recorded on Dec 14, 2021 (over 1 year). Comparatively, the current price is 174.90% higher than the all-time low price.
What is the market cap of Nest Protocol (NEST)?
Market capitalization of Nest Protocol (NEST) is $79,965,209 and is ranked #325 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NEST tokens (5.9 Billion tokens are tradable on the market today).
What is the fully diluted valuation of Nest Protocol (NEST)?
The fully diluted valuation (FDV) of Nest Protocol (NEST) is $134,856,352. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion NEST tokens are in circulation today. Depending on how the emission schedule of NEST tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Nest Protocol compare against its peers?
With a price increase of 4.00% in the last 7 days, Nest Protocol (NEST) is outperforming the global cryptocurrency market which is up 1.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Nest Protocol today?
The community is bullish as more than 100% of users are feeling good about Nest Protocol (NEST) today.
How to add Nest Protocol (NEST) to MetaMask?
Adding Nest Protocol (NEST) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import NEST as a token. You can copy NEST’s contract address (0x04abeda201850ac0124161f037efd70c74ddc74c) and import it manually, or if you've installed MetaMask's chrome extension, add NEST to MetaMask with one click on CoinGecko.
Add NEST to MetaMask.
