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Author Topic: Is namecoin dead?  (Read 208 times)
traderethereum
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December 22, 2021, 03:02:05 AM
 #21

Long time I do not hear about Namecoin but the project is still active and listed on some exchanges such as CoinEx, SouthExchange, YoBit, and the other exchange that I have never heard of before.
Namecoin usually increases with PeerCoin (if you already heard about that coin) and be a hidden gem a few years ago because the price can increase so high at that time.
But later on, I think the project does not promote too often and it seems they are lacking in the promoting section.
It is sad to see that coin is out from the top 100 but the market will eliminate the coin if they can not compete with the other coins that can grow in the future.

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adiebitsler
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December 22, 2021, 03:11:28 AM
 #22

Only have under 100k USD trading volume for a project that already more than 5 years old, i think this project no longer have any marketing strategies and developing usecases, people rather choose a new metaverse projects with new developed technology so i think this project is alive but it's dead also  Huh
There are still trading volume for this coins maybe just for trader scalping daily instead of investing on this coin IMO
If the volume is getting smaller day by day, then the life of the coin will not be long and will even die at an unexpected time because the coin that is always alive is always not far from the large volume because it indicates the number of enthusiasts for the coin, but otherwise then his life will not be long anymore

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December 22, 2021, 03:37:00 AM
 #23

Namecoin is almost as good as dead. It is sad that the oldest altcoin, used to be the only alternative coin to Bitcoin, is already losing its luster. What used to be worth 0.011 BTC is now already worth 0.000034 BTC. What used to be the number 2 in rank is now falling down to lower than 700th.

But I think Namecoin is not totally an abandoned project. It is at its situation right now because the development seems to have reached no one in the market. But it is still alive, although barely breathing.
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December 22, 2021, 07:47:39 AM
 #24

With the advent of the metaverse and the possibility of turning our real addresses into virtual addresses, I saw a potential new use case for Namecoin. Unfortunately, despite the coin can still be found in a couple of exchanges, it seems that the project is dormant or dead. Anyone has any updates or know anything about namecoin?

I recently heard about the NMC coin and when I looked it up on CMC I was surprised that the coin has been released since 2014 and was priced at $11 at launch, but for now it looks like the project development team is no longer focused on development and it looks like the NMC coin is going to die slowly if not updated immediately.

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December 26, 2021, 03:42:52 PM
 #25

According to the Namecoin ANN thread, the project is still alive. Community out there tries to find solution for the trade volume and the supported exchanges.
https://bitcointalk.org/?topic=6017.0
User vinced who published the ANN isn't active anymore since 2012. However, i found it interesting that he got green positive trust from a DT member in 2018: https://bitcointalk.org/index.php?action=trust;u=9552

With the advent of the metaverse and the possibility of turning our real addresses into virtual addresses, I saw a potential new use case for Namecoin.
Please explain more how you see potential new uses case for Namecoin.

I guess it can be used to provide domains and Ips for virtual land or virtual property such as buildings that are bought in the metaverse... at least I see it as a possible use

I can well understand your thoughts, but why you thought about this coin in particular over other cryptocurrencies with active community and Dev team behind?
I guess you are the only who thought about this, especially that the project is almost dead by the luck of development. I even doubt how you came across this project at the time which we already have thousands and thousands of other cryptocurrencies. Did you see anything special in it to be used in the Metaverse world?

R


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December 26, 2021, 03:52:11 PM
 #26

With the advent of the metaverse and the possibility of turning our real addresses into virtual addresses, I saw a potential new use case for Namecoin. Unfortunately, despite the coin can still be found in a couple of exchanges, it seems that the project is dormant or dead. Anyone has any updates or know anything about namecoin?

Dead. Don't bother. It is a bad memory from the past. This and PPC (Peercoin) used to be big on btc-e. Just like LTC they are bitcoin copy/pastas. Somehow LTC managed to preserve its status and is still relevant today but these 2 just have gone into obscurity.

No big exchange lists nmc anymore. Without the support of the major exchanges, no matter how good the project is, that coin will die.

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