In this article, we will examine NUGEN from various perspectives, including market performance, technology, innovation, and investment potential, in order to help you make an informed decision about investing in it.
This information will be beneficial for both novice and experienced cryptocurrency investors, as many are currently reevaluating their strategies due to the current state of the cryptocurrency market. We will also provide a technical and fundamental analysis of NUGEN. So let’s take a look.
About NUGEN coin
NUGEN is a decentralized cryptocurrency that utilizes a consensus algorithm known as “Proof of Stake and Trust” (PoST). This algorithm combines the energy efficiency of proof of stake with the security of a reputation-based system. This allows for faster transaction times and lower fees compared to traditional cryptocurrencies.
The NUGEN coin can be used for various purposes such as peer-to-peer transactions, online shopping, and micropayments. The team behind the coin also aims to develop partnerships and integrations with other platforms to expand its utility and accessibility.
Using the available data, a technical analysis of the NUGEN COIN reveals the following: NUGEN COIN’s current price is $0.07611, down 0.02% in the last 24 hours, with a 24-hour low of $0.07611 and a 24-hour high of $0.07613. However, the 24-hour trading volume for NUGEN COIN is not available, making it difficult to determine the coin’s liquidity and making it more difficult to buy and sell in the market. Furthermore, the volume-to-market capitalization ratio cannot be calculated because trading volume data is unavailable. NUGEN COIN has a 0.00% market dominance and a market rank of #8836.
NUGEN COIN’s 7-day low as $0.0761 and the 7-day high is $0.07614, according to historical data. The current 30-day low is $0.07269, and the current 30-day high is $0.0855. $0.05451 is the 90-day low, and $0.1016 is the 90-day high. The 52-week low for the stock is $0.05451, and the 52-week high is $0.1016. NUGEN COIN reached an all-time high of $0.1016 on December 10, 2022, and a low of $0.05451 on December 15, 2022. The all-time high exceeds the all-time low by 25.09%.
The current market capitalization of NUGEN is $14,461,407 and the fully diluted market capitalization of NUGEN is $76,111,824. This suggests that the coin is relatively small in terms of market capitalization and it might not have a large market presence. Additionally, the fully diluted market capitalization is much higher than the current market capitalization, which means that there are a lot of coins that could be added to the circulating supply in the future, which may impact the value of the coin.
Unfortunately, since there is limited background data on NUGEN, it is difficult to provide a more detailed fundamental analysis. Factors such as the strength of the development team, partnerships, and overall utility of the coin would be important considerations in evaluating the long-term potential of the project. However, there is little information in that regard.
Closing thoughts on NUGEN price prediction
Overall, the lack of trading volume data makes it hard to determine the liquidity of the coin, which can make it harder to buy and sell in the market. Additionally, NUGEN’s market dominance and ranking among other coins is very low, which means that it’s not a widely traded coin and it might not have a large market presence. Given the limited available data on NUGEN, investors should exercise caution and conduct due diligence before investing in the coin.