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NEST Protocol Price Prediction

An up-to-date NEST Protocol price prediction for 2022, 2023, 2024, 2025, 2030. Wondering what is the future of NEST price? Find out NEST Protocol price forecast with historical, fundamental and technical analysis.
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NEST Protocol Fundamental Analysis

Project name
NEST Protocol
Stock Symbol
NEST
Current Price
0.031375449
Current Supply
9978035000
Official Website

NEST is an ERC-20 token native to Nest Protocol, a blockchain oracle providing a uniquely secure way to get real-world price data into the DeFi ecosystem. Nest Protocol appeared on the market in 2020.

Nest Protocol differs from other oracles by employing a verification system. First, the quote is submitted for verification by a miner, along with a handling fee in ETH and the quoted assets in an appropriate proportion: e.g., if a miner says that 1 ETH = 100 USDT, he or she must lock 1 ETH and 100 USDT in a smart contract with the price. Then a verificator either trades the assets if there’s an arbitrage opportunity or leaves it as is. In the latter case, the quote makes it into a price block on the chain. After the verification period, the miner can withdraw his or her assets from the contract. Miners and verificators are rewarded with the portion of the fee paid by the oracle customers for their data requests. Since the submissions that went through arbitrage are rejected, the miners are incentivized to quote prices as close to the real market as possible, otherwise, they lose both the commission and the fee paid on submission. Except for this handling fee, the payments within the network are made in NEST, which also serves as a governance token.

NEST Protocol Live Price Chart

Nest Protocol started trading in July 2020 approximately at $0.03. The price soared in August 2020, as NEST got listed at more and more exchanges, riding the wave of DeFi popularity. This growth was probably compounded by the anticipation of Cointelegraph China’s big DeFi conference (which took place in September of the same year), and NEST’s price reached the all-time high of $0.2382 on August 10, 2020. After that, the price declined sharply, though, by mid-September reaching ~$0.05 – $0.06. Various strategic partnerships failed to restart an uptrend for NEST’s price: later the same year it fell further to ~$0.02 – $0.03 and stayed there until the beginning of 2021. Crypto bull run in the first months of 2021 buoyed NEST’s price somewhat, allowing it to break the $0.05 barrier and even reach $0.07 at some point. By late May 2021, though, the price fell to the new lows of ~$0.01, where it’s been staying at least until the middle of the summer.

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NEST Protocol Technical Analysis

Despite the fact that 100% accurate technical analysis for NEST Protocol cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated NEST buy-and-sell rating for selected timeframe. The summary for NEST/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

NEST Protocol Price Prediction

Below we have collected the most reliable price projections for NEST Protocol (NEST) from popular forecast platforms.

NEST Protocol Price Prediction for 2022

As of the end of 2022, NEST Protocol price predictions remain predominantly positive, with some analytics promising the price at about $0.037, while WalletInvestor even cites the possibility of the price reaching $0.0557 by the end of the year.
Potential ROI: 39% Buy

NEST Protocol Price Prediction for 2023

According to WalletInvestor, in 2023 NEST Protocol investors should expect price growth to $0.0722, which seems a good reason to consider NEST Protocol as an investment option. TradingBeast, in turn, predicts the price increasing to $0.044444, and PricePrediction.net agrees with a predicted growth to $0.052.
Potential ROI: 79% Buy

NEST Protocol Price Prediction for 2024

The experts are unanimous in their NEST Protocol price forecasts for 2024 — everybody expects NEST Protocol’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $0.053747. According to WalletInvestor’s research, NEST Protocol’s price can go up to $0.097. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 NEST Protocol’s price will be about $0.075.
Potential ROI: 140% Buy

NEST Protocol Price Prediction for 2025

Both TradingBeast and WalletInvestor predict the NEST Protocol market to grow in 2025, resulting in $0.062739 and $0.125 by the end of the year respectively. Other NEST Protocol price forecasts support the idea: PricePrediction.net forecasts NEST Protocol to reach $0.11 by December 2025.
Potential ROI: 216% Buy

NEST Protocol Price Prediction for 2030

Most experts are expecting an encouraging future for NEST Protocol: long-term NEST Protocol price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $0.087835, while WalletInvestor goes for $0.1275. PricePrediction.net also puts big hopes on NEST Protocol in the long term: its NEST Protocol prediction for 2030 is $0.71.
Potential ROI: 883% Buy
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Summary

As it can be clear from the analysis cited above, NEST Protocol (NEST) projections are rather contradictory. There is no universal consensus either about positive or negative future NEST price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the NEST Protocol projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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