Can NEST Turn Optimistic By 2023 End?

NEST Protocol (NEST) is a platform that allows users to trade financial assets on Ethereum without relying on market makers or liquidity providers. 

NEST Protocol consists of three modules: NEST Oracle, NEST Assets, and NESTcraft. NEST Oracle is a decentralized price feed that uses a game-theoretic mechanism to ensure the accuracy and stability of the prices. NEST Assets are synthetic tokens that are minted and burned by NEST smart contracts, and provide the currency units for trading on NEST. 

NESTcraft is a function library that converts various on-chain random sources into martingale strategies and offers customizable trading options for users. NEST Protocol aims to provide traders with infinite liquidity, low slippage, and fair prices through its innovative design.

The NEST token price has shown some signs of a possible reversal in recent days. The price is up by over 16% in intraday and has gained over 37% in the past three sessions.    

It has broken above the 50-day moving average indicating an optimistic trend in the short-term. Moreover, the short-term trend started to reverse after a bullish engulfing candle was observed on the charts on Thursday, 23rd November.  

NEST Protocol Price Prediction 2023

The technical indicators imply that the NEST token has shown some positive divergence in the RSI and MACD indicators. The RSI indicator rose from the oversold territory and crossed above the 50 level, indicating a shift in the momentum from bearish to bullish. 

The MACD indicator has also crossed above the signal line and the zero line, indicating a bullish crossover and a positive trend. The MACD histogram has also turned green, indicating a rise in the bullish momentum.

The price prediction for 2023 showcases a neutral to bullish outlook indicating an upside potential of nearly 27.38%. The price may reach $0.00605 by year-end. Moreover, the pessimistic view of analysts expects the price to drop to $0.0038. 

NEST Protocol Price Prediction 2024

As per the analysts, the most optimistic target that the NEST Protocol price may achieve is $0.0083; indicating an upside potential of 75.8% from the CMP. The average analyst price target to be attained is $0.0070 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.0061.  

NEST Protocol Price Prediction 2025

According to the most optimistic analysts’ projections, the NEST price could reach up to $0.013 in the next three years as its peak value.The price may surpass $0.010 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.0077.

NEST Protocol Price Prediction 2026 

If the crypto market favors a bullish scenario, the NEST price could soar to $0.0182 as its highest level. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.0127 by 2026. 

NEST Protocol Price Prediction 2027

The most bullish analysts foresee a potential value of $0.0217 by the year 2027. The minimum price target that the NEST crypto may achieve by 2027 is $0.0163. 

NEST Protocol Price Prediction 2028

The price forecast of NEST Protocol crypto shows that it may reach a high of $0.0294 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for the Nest Protocol is $0.0230.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.