price prediction for onomy please

Answered at Oct 26, 2024

Onomy Protocol Price Prediction Report

The Onomy Protocol (NOM) is a cryptocurrency that has been gaining attention in the market. This report provides a detailed analysis of its price predictions from 2024 to 2050, based on various sources and market trends.

Current Market Overview

As of October 2024, the Onomy Protocol is trading at approximately $0.02606, showing a 12.28% increase over the past week. However, it experienced a significant drop of 11.69% in the last 24 hours. The market cap stands at $3.52 million with a circulating supply of 169.67 million NOM tokens (source).

Short-term Price Prediction (2024-2025)

  • 2024: The price is expected to range between $0.1102 and $0.4617. The maximum anticipated price by the end of 2024 is $0.1102 (source).
  • 2025: Predictions suggest a bullish trend with prices potentially reaching up to $1.41, with a minimum of $1.04 (source).

Mid-term Price Prediction (2026-2035)

  • 2026: The price is projected to close at $1.30, with a trading range between $0.002062 and $1.60 (source).
  • 2027: Expected to fluctuate between $0.03450 and $1.29, with an average price around $0.03441 (source).
  • 2028: The price could close at $1.07, within a range of $0.003939 to $2.51 (source).
  • 2029: Predictions indicate a range of $0.001018 to $3.42, with an average trading price of $3.10 (source).
  • 2030: The price is expected to close at $0.7126, with a range of $0.7110 to $3.11 (source).
  • 2035: The price could fluctuate between $0.6669 and $5.14, with an average price around $0.6668 (source).

Long-term Price Prediction (2040-2050)

  • 2040: The price is anticipated to close at $0.03134, with a range of $0.03316 to $6.52 (source).
  • 2045: Predictions suggest a range of $0.002125 to $13.63, with an average price around $13.21 (source).
  • 2050: The price is expected to close at $14.93, with a trading range of $0.007755 to $16.79 (source).

Technical Analysis

The 14-day relative strength index (RSI) is at 45.39, indicating neutral market conditions. However, the daily chart shows a bearish signal as the price sits below all exponential moving averages (source).

Conclusion

The Onomy Protocol shows a promising long-term outlook with significant potential for growth. While short-term fluctuations are expected, the overall sentiment remains bullish, especially towards 2050. Investors should consider these predictions while also keeping an eye on market trends and technical indicators.