Nimiq

NIM Price

What is Nimiq about?

Nimiq is designed to simplify the use of cryptocurrencies for everyone while maintaining decentralization. Unlike Bitcoin and Ethereum, which often rely on third-party nodes, Nimiq ensures that users directly participate in the blockchain by default.

What makes Nimiq unique?

Nimiq is distinguished by its innovative features. The Nimiq OASIS is a DeFi crypto-fiat bridge that facilitates atomic swaps between cryptocurrencies like NIM and BTC (with ETH soon to follow) and fiat currencies like EUR (with USD upcoming) without requiring personal information. Additionally, Nimiq has developed Albatross, a fast Proof-of-Stake consensus algorithm, which will be introduced in 2021 with Nimiq 2.0. This algorithm aims to achieve approximately 1000 transactions per second and finality in one second, while reducing energy consumption to less than 1% compared to current Proof-of-Work systems.

What's the history of Nimiq?

Nimiq has been continuously developing its blockchain technology and introducing new features. The upcoming Nimiq 2.0, scheduled for launch in 2021, will include significant upgrades such as the Albatross consensus algorithm and a "super-halving" event. This event will reduce the emission rate from approximately 3000 NIM to about 525 NIM per minute, thereby creating scarcity and enhancing staking rewards.

What's next for Nimiq?

Nimiq is preparing for the launch of Nimiq 2.0, which will introduce the Albatross consensus algorithm to achieve high transaction speeds and near-instant finality. Additionally, the "super-halving" event will significantly reduce the emission rate, increasing scarcity and staking rewards. Users can currently explore the demo and utilize the Staking Calculator to estimate their potential rewards.

What can Nimiq be used for?

Nimiq offers various use cases, including direct participation in the blockchain without third-party nodes, conducting atomic swaps between cryptocurrencies and fiat currencies via Nimiq OASIS, and staking to earn rewards. The upcoming Albatross algorithm and Nimiq 2.0 will further enhance its capabilities and efficiency.

Where can you buy Nimiq?

NIM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Nimiq is Gate, where the most active trading pair NIM/USDT has a trading volume of $7,705.32 in the last 24 hours.

What is the daily trading volume of Nimiq (NIM)?

The trading volume of Nimiq (NIM) is $44,199.14 in the last 24 hours, representing a 1,362.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Nimiq (NIM)?

Nimiq (NIM) reached an all-time high of $0.01502 and an all-time low of $0.0001853. It’s now trading -98.00% below that peak and 64.30% above its lowest price.

What is the market cap of Nimiq (NIM)?

Market capitalization of Nimiq (NIM) is $4,224,706 and is ranked #1842 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NIM tokens (14 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Nimiq (NIM)?

The fully diluted valuation (FDV) of Nimiq (NIM) is $4,297,772. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Billion NIM tokens are in circulation today. Depending on how the emission schedule of NIM tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Nimiq compare against its peers?

With a price decline of -12.30% in the last 7 days, Nimiq (NIM) is underperforming the global cryptocurrency market which is up 9.60%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 4.70%.