NuCypher price prediction. NuCypher Fundamental Analysis | Via SwapSpace | Capital | July 2021

NuCypher price prediction

NuCypher (NU) is a token that powers the NuCypher network-a decentralized key management service (KMS). As a privacy layer on top of the Ethereum blockchain, NuCypher provides additional encryption options for data exchanged on blockchain-based Dapps and facilitates key management operations.

Founded in 2015, NuCypher is an encryption service that protects data that is moved or stored on the cloud. The product quickly found customers in industries that are highly sensitive to information security, such as healthcare and banking. As the service continues to prove its value, the founders decided to expand into the blockchain field. After multiple rounds of testing, NuCypher launched its mainnet in October 2020.

NuCypher does not provide services to end users, but focuses on serving the blockchain. The service description involves many very technical details, most of which have nothing to do with ordinary users, but the founder hopes that NuCypher can become the preferred security protocol of Dapp developers in time.

NuCypher tokens are used for pledge and governance purposes of node providers. Please note that in June 2021, the community voted to merge the infrastructure with another encryption security project, Keep. This joint is called KEaNU, but the main product will remain independent. The merger will take place in the late summer of 2021, and the new token T will be issued to NuCypher and Keep holders.

NuCypher initially started trading at a price of approximately US$0.2 after its release in October 2020. Its price subsequently fell to $0.06-0.07, but it did not last long because the coin’s listing on Coinbase in December pushed it up to $0.3. Then, after experiencing calm, NuCypher joined the bull market in the cryptocurrency market, setting a record high of $1.13 on February 21, 2021. Since then, the price has been climbing slowly but steadily, reaching about US$0.2 in late June. This decline may be due to the overall market downturn and the news of the upcoming merger with Keep, which has brought great uncertainty to the future of NuCypher tokens. However, many more optimistic investors still have confidence in the project and point out that NuCypher is a young project with a solid foundation and great potential.

Although it is almost impossible to perform 100% accurate technical analysis of the NuCypher cryptocurrency, on this advanced technical analysis tool of TradingView, you can view the real-time summary NU buying and selling ratings in the selected time frame. The summary of NU/USD is based on the most popular technical indicators-moving averages, oscillators and pivots.

Below we have collected NuCypher (NU)’s most reliable price predictions from popular prediction platforms.

According to WalletInvestor, the price of NuCypher will rise from $0.2423 to $0.695 within one year. This makes NU an amazing investment. The long-term profit potential is 186.83%. The forecast price at the end of 2026 is $2.507.

In the DigitalCoin analysis, the price of NuCypher cryptocurrency will rise from today’s $0.240014 to $0.9177613 in the next 5 years. By 2022, it will rise to 0.4011289 USD and continue to grow in 2023-2024. Based on this prediction, NuCypher is a profitable long-term investment.

It is clear from the analysis cited above that NuCypher (NU)’s prediction is quite contradictory. There is no general consensus on the positive or negative trend of NU prices in the future. In fact, the possible future growth depends on various factors: announcements, NuCypher project’s new technical solutions, general encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.

Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.

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