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NYM

NYM priceNYM

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NYM
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USD
1 NYM = 0.05846 USD
Last updated 2024-11-02 09:22:47(UTC-0)
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NYM price live data summary

The live price of NYM is $0.05846 per (NYM / USD) today with a current market cap of $46.83M USD. The 24-hour trading volume is $760,162.44 USD. NYM to USD price is updated in real time. NYM is -4.06% in the last 24 hours. It has a circulating supply of 801,157,760 .

What is the highest price of NYM?

NYM has an all-time high (ATH) of $5.88, recorded on 2022-04-15.

What is the lowest price of NYM?

NYM has an all-time low (ATL) of $0.05836, recorded on 2024-11-02.
Calculate NYM profit

NYM price prediction

When is a good time to buy NYM? Should I buy or sell NYM now?

When deciding whether to buy or sell NYM, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget NYM technical analysis can provide you with a reference for trading.
According to the NYM 4h technical analysis, the trading signal is Strong sell.
According to the NYM 1d technical analysis, the trading signal is Strong sell.
According to the NYM 1w technical analysis, the trading signal is Strong sell.

What will the price of NYM be in 2025?

Based on NYM's historical price performance prediction model, the price of NYM is projected to reach $0.08404 in 2025.

What will the price of NYM be in 2030?

In 2030, the NYM price is expected to change by -10.00%. By the end of 2030, the NYM price is projected to reach $0.1033, with a cumulative ROI of +56.59%.

NYM ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About NYM (NYM)

What Is NYM?

NYM is a privacy infrastructure that leverages the power of blockchain">blockchain technology to provide unprecedented levels of digital privacy. It is a decentralized, incentivized, and open-source system designed to protect internet users from pervasive surveillance by obfuscating their digital footprints. At its core, NYM is not just another privacy tool; it is a comprehensive privacy ecosystem that aims to ensure complete anonymity for its users, whether they are transacting, communicating, or simply browsing the internet.

The NYM network is a next-generation privacy solution that addresses the inherent weaknesses in current internet protocols and privacy tools like VPNs and Tor. These traditional tools, while useful, often fall short in protecting against traffic analysis attacks and can still expose user data through various means. NYM's approach is different and more robust, combining the strengths of both Proof of Work (PoW) and Proof of Stake (PoS) mechanisms into a unique hybrid called 'Proof of Mixing.' This innovative method not only secures the network but also incentivizes participants through its native NYM token.

Resources

Whitepaper: https://nymtech.net/nym-whitepaper.pdf

Official Website: https://nymtech.net/

How Does NYM Work?

NYM operates through a sophisticated architecture known as a mixnet. This network consists of a series of mix nodes that shuffle internet traffic, making it extremely difficult for any observer to decipher communication patterns or metadata. Each node adds layers of encryption and strategically delays packets of data, ensuring that the sender's and receiver's information remains untraceable. This process is crucial in the fight against metadata surveillance, which can reveal just as much about an individual as the content of the communication itself.

The mixnet is complemented by NYM Credentials, a system of anonymous cryptographic proofs that allow users to verify their right to use the service without revealing their identity. These credentials are unlinkable and support selective disclosure, giving users control over what information they share. Validators on the NYM blockchain issue these credentials, maintaining the network's integrity and security. Service providers can integrate with the NYM network to offer their users enhanced privacy, and users can participate as validators or delegators, staking NYM tokens to secure the network and earn rewards.

What Is NYM Token?

The NYM token is the utility token of the NYM ecosystem, essential for the operation and security of the mixnet. With a total supply of 1 billion tokens, NYM is used to incentivize the various participants in the network, from validators to mix node operators. The tokenomics of NYM are designed to promote a sustainable and secure network, with rewards distributed to those who contribute to the network's privacy capabilities.

What Determines NYM's Price?

The price of NYM, like any other cryptocurrency, is influenced by a complex interplay of factors, reflecting the dynamics of supply and demand within the broader blockchain ecosystem. One of the primary determinants of NYM's price is its utility within the NYM network. As the native token, NYM is used to incentivize the operation of mix nodes, which are fundamental to the network's privacy-preserving capabilities. The more applications and services that integrate with NYM's infrastructure, the greater the demand for NYM tokens to facilitate these privacy enhancements. This increased utility can lead to a higher valuation of NYM as users and service providers acquire and hold the token to participate in the ecosystem.

Market sentiment also plays a crucial role in determining the price of NYM. Investor perception is often swayed by the project's technological advancements, partnerships, and integration with other blockchain platforms. Positive news and developments within the NYM project, such as successful updates or strategic collaborations, can boost confidence and demand for NYM tokens. Conversely, regulatory news or security concerns can have the opposite effect. Additionally, the broader cryptocurrency market trends can impact NYM's price, with bullish or bearish sentiments in major cryptocurrencies like Bitcoin often reflecting across the market, including niche privacy-focused tokens like NYM.

Lastly, the tokenomics of NYM, including its supply mechanisms, staking rewards, and distribution schedules, are critical in shaping its price. A limited supply with a well-defined vesting period can create scarcity, potentially driving up the price as long as the demand remains steady or grows. The balance between the number of tokens staked by validators and delegators and those available on the market can also affect liquidity and price volatility. As the NYM network grows and matures, the interrelation of these factors will continue to define the economic landscape in which NYM operates, influencing its price within the cryptocurrency markets.

For those interested in investing or trading NYM, one might wonder: Where to buy NYM? You can purchase NYM on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

NYM price performance in USD

24h7 days30 days90 days1 yearAll-time
-4.06%-8.17%-26.15%-41.84%-59.62%-88.31%

NYM price history in USD

The price of NYM is -59.62% over the last year. The highest price of NYM in USD in the last year was $0.3113 and the lowest price of NYM in USD in the last year was $0.05836.
TimeLowHigh
24h$0.05836$0.06086
7d$0.05836$0.06610
30d$0.05836$0.07699
90d$0.05836$0.1034
1y$0.05836$0.3113
All-time$0.05836(2024-11-02, Today )$5.88(2022-04-15, 2 years ago )

NYM market information

Market cap
$46,834,703.34
-4.06%
Fully diluted market cap
$58,458,776.18
-4.06%
Volume (24h)
$760,162.44
-11.47%
Market rankings
Circulation rate
+80.00%
24h volume / market cap
0.0162
Circulating supply
801,157,760 NYM
Total supply / Max supply
1,000,000,000 NYM
1,000,000,000 NYM
ICO price
$0.5000 ICO details
Buy NYM now

NYM Social Data

In the last 24 hours, the social media sentiment score for NYM was 3, and the social media sentiment towards NYM price trend was Bullish. The overall NYM social media score was 0, which ranks 761 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with NYM being mentioned with a frequency ratio of 0%, ranking 1185 among all cryptocurrencies.

In the last 24 hours, there were a total of 114 unique users discussing NYM, with a total of NYM mentions of 12. However, compared to the previous 24-hour period, the number of unique users decrease by 12%, and the total number of mentions has decrease by 52%.

On Twitter, there were a total of 1 tweets mentioning NYM in the last 24 hours. Among them, 100% are bullish on NYM, 0% are bearish on NYM, and 0% are neutral on NYM.

On Reddit, there were 0 posts mentioning NYM in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .

All social overview

Average sentiment (24h)
3
Social media score (24h)
0(#761)
Social contributors (24h)
114
-12%
Social media mentions (24h)
12(#1185)
-52%
Social media dominance (24h)
0%
X
X posts (24h)
1
0%
X sentiment (24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score (24h)
0
Reddit posts (24h)
0
0%
Reddit comments (24h)
0
0%

How to buy NYM(NYM)

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After signing up on Bitget and successfully buying USDT or NYM tokens, you can also start copy trading by following elite traders.

NYM news

See more
Nym receives $150,000 grant to integrate its mixnet with Zcash
Nym receives $150,000 grant to integrate its mixnet with Zcash

Quick Take Nym has collaborated with Electric Coin Company to integrate mixnet technology into Zcash to prevent user metadata leakage. The integration allows Zcash wallet developers to implement Nym’s privacy features, supported by a $150,000 community grant from Zcash.

The Block2024-02-13 13:34

FAQ

What is the current price of NYM?

The live price of NYM is $0.06 per (NYM/USD) with a current market cap of $46,834,703.34 USD. NYM's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. NYM's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of NYM?

Over the last 24 hours, the trading volume of NYM is $760,162.44.

What is the all-time high of NYM?

The all-time high of NYM is $5.88. This all-time high is highest price for NYM since it was launched.

Can I buy NYM on Bitget?

Yes, NYM is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Nym guide.

Can I get a steady income from investing in NYM?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy NYM with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Where can I buy NYM (NYM)?

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Cryptocurrency investments, including buying NYM online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy NYM, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your NYM purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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NYM/USDT

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