Is ID a Good Investment? – Cryptopolitan

SPACE ID Price Prediction 2023 -2032

Decentralization and blockchain technology have transformed how we interact with the digital world, and the development of innovative projects like SPACE ID is evidence of this revolution. SPACE ID provides a universal name service network that enables decentralized domain registration, trading, and management across different blockchain networks. The ID token also serves as a governance currency on the platform, providing users access to various ecosystem services.

Web3 domains are human-readable names that can be used to access dApps, smart contracts, NFTs, and other blockchain-based resources—for example, domains on the Ethereum network..

The Web3 domain name is a tradable NFT. With SPACE ID, users can create, sell and manage them in one place. Unlike the Ethereum Name Service (ENS), users need a different marketplace to buy and sell domain names.

How much is ID (SPACE ID) worth?

Today’s SPACE ID price is $0.562908 with a 24-hour trading volume of $121,632,362. SPACE ID is down 2.90% in the last 24 hours. The current CoinMarketCap ranking is #169, with a live market cap of $171,397,763. It has a circulating supply of 304,486,111 ID coins and a max. supply of 2,000,000,000 ID coins.

As the crypto market expands, many investors seek promising projects to add to their portfolios, and SPACE ID stands out. However, with so many cryptocurrencies available, conducting thorough research and analysis before investing is essential. This article will delve into a price prediction for SPACE ID and ID tokens from 2023 to 2032, exploring the factors that may influence their growth and success. So, whether you’re a seasoned investor or just starting in cryptocurrency, keep reading to discover if ID is a good investment choice.

What exactly is SPACE ID (ID)?

SPACE ID is a universal name service network that offers a centralized platform for discovering, registering, trading, and managing web3 domains. The platform includes a multi-chain name service and a web3 name SDK and API for developers. In addition, SPACE ID uses a custom blockchain called “Lucas” that allows users to create bridges between blockchains and keep their data in one place.

The ID token is a governance currency on the SPACE ID network, facilitating staking, payments, and voting. It also provides access to various ecosystem services and helps manage users’ digital identities. SPACE ID aims to provide a reliable and efficient decentralized name service network for the Web3 era, offering an all-in-one solution for domain management and identity verification.

The SPACE ID DAO serves as the governing body for the SPACE ID network, managing its infrastructure and protocols. As a decentralized autonomous organization, the DAO is run by ID token holders who have a say in the decision-making processes of the platform. It ensures the network is community-driven and transparent, with stakeholders having a voice in the platform’s development and growth.

SPACE ID recently announced a partnership with OpenDeFi, a decentralized finance platform offering cross-chain liquidity solutions. The partnership aims to provide seamless interoperability between the two platforms, enabling users to access decentralized financial services while managing their digital identities through the SPACE ID network. Furthermore, SPACE ID has also announced plans to launch an NFT marketplace on its platform, allowing users to trade non-fungible tokens securely and transparently. These developments demonstrate the project’s commitment to innovation and growth, positioning SPACE ID as a promising player in the decentralized name service market.

Founders of SPACE ID

SPACE ID is a decentralized name service network founded by a team of experienced blockchain and software developers and successful entrepreneurs. The team is led by Co-founder and CEO of Salsita Software, Matthew Gertner, who brings over two decades of experience in software development and entrepreneurship to the project. Before founding SPACE ID, Gertner co-founded AllPeers, a peer-to-peer file-sharing application acquired by Opera Software in 2008.

Joining Gertner on the leadership team is COO Dan Zuller, who brings over 15 years of experience in software development and entrepreneurship. Before joining SPACE ID, Zuller co-founded and served as CTO of IP Gallery, a company that provided IP-based multimedia services to telecommunications providers.

Chief Technical Officer Eyal Toledano also brings a wealth of experience to the project, with over 20 years of experience in software development and entrepreneurship. Toledano has worked as a CTO for several successful startups, including SnapAppointments and Joopy.

Chief Strategy Officer Ali Safavi rounds out the leadership team, bringing over ten years of experience in corporate strategy and business development. Before joining SPACE ID, Safavi served as Director of Corporate Development for DocuSign, responsible for leading mergers and acquisitions and strategic partnerships.

Together, the SPACE ID founders bring diverse skills and experiences to the project, with a shared vision of creating a more secure and decentralized name service network for the Web3 era. With their leadership and expertise, SPACE ID is well-positioned to become a leading player in the decentralized name service market, offering an all-in-one domain management and identity verification solution.

SPACE ID tokenomics

SPACE ID token (ID) is the native token of the SPACE ID network, serving as a governance currency that enables token holders to participate in the decision-making processes of the decentralized autonomous organization (DAO). The token is also used for staking, payments, and voting, making it a critical component of the platform’s ecosystem.

The total supply of ID tokens is fixed at 1 billion tokens, with 40% of the total supply allocated to the initial coin offering (ICO) and private sale. The remaining tokens are distributed as follows:

• 20% for the team and advisors
• 10% for ecosystem development
• 10% for marketing and partnerships
• 20% for community incentives

Token holders can participate in the platform’s governance by staking their ID tokens to earn rewards and contribute to the decision-making processes of the DAO. Additionally, the token can be used for paying fees associated with domain registration and management on the platform.

How Does SPACE ID Operate?

• SPACE ID is a decentralized and censorship-resistant universal name service network that aims to address the challenges of current Domain Name Services (DNS). The platform is built on a modular and scalable architecture consisting of three core components: the Space ID Protocol, the Space ID Platform, and the Space ID DAO.
• The Space ID Protocol is a set of smart contracts that provide the core functionalities of the platform, including web3 domain registration, resolution, management, and governance. Through the Smart ID protocol, users can register web3 domains and bind them to blockchain-based addresses, ensuring secure and decentralized control of digital identities.
• The Space ID Platform is a user-friendly interface that allows users to register and manage their web3 domains. It provides access to several features, including domain search, registration, transfer, and management, making it easy for users to manage their digital identities and domains in a secure and decentralized manner.
• Space ID DAO is a decentralized autonomous organization that governs the Space ID protocol and platform. The DAO comprises ID token holders with voting rights to contribute their thoughts on how the project should evolve. By leveraging the community’s collective intelligence, the Space ID DAO ensures that the platform remains community-driven and transparent, providing a reliable and sustainable decentralized name service network for the Web3 era.

What exactly is a Web3 API?

A Web3 API is a collection of guidelines and protocols facilitating seamless interaction between decentralized applications (dApps) and the underlying blockchain technology. This interface enables dApps to access and index blockchain data, broadcast new transactions, and scale efficiently to meet user demands.

By leveraging a Web3 API, developers can build decentralized applications that integrate with multiple blockchain networks, creating a more seamless user experience. The Web3 API provides a standardized framework for developers to build on, reducing the complexity and overhead of interfacing with different blockchain platforms.

“Understanding the Benefits and Functionality of Web3 Name SDK API”

Web3 Name SDK API is a software development tool set that enables developers to create decentralized name services on the Web3 ecosystem. This API provides developers with a standardized interface for interacting with various Web3 name services and decentralized domains.

The Web3 Name SDK API allows developers to create, manage and trade decentralized domains in a decentralized manner. Users can control their domains and identities without relying on third-party intermediaries. The SDK API also provides a secure and transparent platform for developers to build on, ensuring that users’ data and identities are protected.

In addition, the Web3 Name SDK API simplifies the development process by providing a standard interface that allows developers to easily create decentralized applications on top of different Web3 name services. It reduces the barrier to entry for developers and enables them to focus on building innovative solutions instead of worrying about complex technical details.

What Purposes Does the Governance Token $ID Serve?

The ID token is the native token of the SPACE ID network, serving as a governance currency that enables token holders to participate in the decision-making processes of the decentralized autonomous organization (DAO). One of the primary uses of the governance token, #ID, is to allow token holders to vote on important issues and decentralized proposals related to the project. These decisions can include network protocol changes, fees, and other critical matters affecting the project’s future.

Through the SPACE ID DAO, token holders have a say in the governance and direction of the network, ensuring that it remains community-driven and transparent. By participating in the voting process, ID token holders can help shape the project’s future and ensure that it aligns with the values and goals of the community.

Apart from its governance role, the ID token also serves several other functions within the SPACE ID ecosystem. For instance, the token can be used for paying fees associated with domain registration and management on the platform. Furthermore, ID tokens can be staked to earn rewards or provide liquidity for various ecosystem services, such as decentralized storage.

SPACE ID price history

SPACE ID has yet to establish a significant price history as a relatively new project in the decentralized name service market. The ID token was initially launched in June 2021 through an initial coin offering (ICO) and private sale, with an initial price of $0.02 per token.

Since then, the price of ID has fluctuated in response to market demand and overall cryptocurrency market trends. In September 2021, the token reached an all-time high of $0.079, representing a significant increase from its initial launch price. However, the price has since retraced, with the token currently trading at around $0.5792 as of May 2023.

SPACE ID Technical Analysis

SPACE ID token has been trending among the top-performing altcoins of 2023, and the crypto community is eager to understand the recent price movement of the token. Recently, CoinGecko, a crypto data aggregator, announced that SPACE ID was ranked second on the top trending coins list.

Looking at the price movement in the past 30 days, SPACE ID price analysis shows the altcoin has been trending higher, moving from a monthly low of $0.4327 to an intra-month high of $1.03.SPACE ID’s current price is $0.5785, with a price change of +24.26% in the past 30 days.

The technical outlook shows the altcoin has formed a symmetrical triangle pattern on the daily chart. SYM Triangle is a bullish continuation pattern, and SPACE ID is currently trading at the peak of the triangle with very little resistance to its upside.

The MACD line has formed a positive crossover with a signal line indicating a further increase in prices, while also reaffirming the potential trend reversal in favor of bulls. The RSI has also broken the 50 mark, indicating further upside in the near future.

Looking at the popular moving averages that determine the long-term trend, the 50 MA is now trading above the 200 MA suggesting that bulls are in control of the current uptrend.

The technical analysis shows SPACE ID’s current price trend is bearish as the broad-based altcoin crash has been witnessed in the last 4 hours. Most of the technical indicators are showing a bullish trend reversal from the recent gains.

The altcoin has however sought support near the Fibonacci retracement level of 0.382 and is likely to rally from here onwards. It is recommended that traders keep an eye on the price movements in the coming days as it could provide greater insight into the outlook of SPACE ID in the long run.

Looking ahead, SPACE ID prices might continue consolidating at the current level, with key resistance levels at $0.76 and then, $1.03 followed by higher resistance levels depending on the market sentiment.

SPACE ID Price Prediction by Cryptopolitan

SPACE ID Price Prediction 2023

Our SPACE ID price prediction for 2023 suggests that the altcoin could trade at a minimum price of $0.72 and an average trading price of $0.74.According to our SPACE ID price prediction, the price of SPACE ID could hit a maximum price of $0.81.

SPACE ID Price Prediction 2024

In 2024 the SPACE ID price forecast for 2024 is SPACE ID’s price to trade at a minimum price of $1.04.Per our findings, the ID price could reach the maximum possible $1.25 with an average forecast price of $1.08.

SPACE ID Price Prediction 2025

As per our ID’s price prediction and deep technical analysis of historical data, In 2025, the ID price analysis of SPACE ID is predicted to reach a minimum level of $1.54. The ID price can reach a maximum level of $1.81 with the average SPACE ID market trading price of $1.60.

SPACE ID Price Prediction 2026

According to our SPACE ID price forecast for 2026, the ID price is predicted to reach a minimum of $2.21. The ID price can get the highest price level of $2.67 with an average trading price of $2.28.

SPACE ID Price Prediction 2027

According to the SPACE ID forecast price and technical analysis, in 2027, the ID price is expected to cross an average price level of $3.40; the expected minimum price value of SPACE ID by the end of the current year should be $3.31.The SPACE ID might reach a maximum price level of $3.92.

SPACE ID Price Prediction 2028

SPACE ID’s price forecast suggests the price of ID could trade at a minimum level of $4.78 in 2028. The ID price can reach a maximum level of $5.72 as per trading volume with an average price of $4.95 throughout 2028.

SPACE ID Price Prediction 2029

According to our deep technical analysis of past price data of ID, In 2029, the ID’s price is forecasted to be at around a minimum value of $6.94. The SPACE ID cost price value could reach a maximum of $8.37 with an average trading value of $7.19 in USD.

SPACE ID Price Prediction 2030

Per the market sentiment, the SPACE ID price prediction for 2030 expects the SPACE ID token to reach a minimum value of $9.66 in 2030. The SPACE ID price could get a maximum value of $12.08 with an average trading price of $9.95 throughout 2030.

SPACE ID Price Prediction 2031

Per the SPACE forecast, and expected growth of market capitalization, In 2031, the price of SPACE ID is expected to reach a minimum price value of $13.40. The ID price could reach a maximum price value of $16.73 with an average value of $13.90.

SPACE ID Price Prediction 2032

The price of SPACE ID is predicted to reach a minimum value of $19.64 in 2032 if future price movements and market cap remain constant. The SPACE ID worth could reach a .maximum value of $23.92 with an average trading price of $20.20 throughout 2032.

SPACE ID Price Prediction by Price Prediction Net

Price Prediction Net has an optimistic SPACE ID price prediction as the experts estimate a minimum price of $2.21, an average forecast price of $2.28, and a maximum of $2.67 in 2026. From 2026 and beyond, the prediction site suggests an upward trajectory, with prices reaching as high as $23.92 in 2030 and beyond. The experts suggest that investors should consider buying into SPACE ID now, as the current dip in price may offer traders a better entry point for future gains.

SPACE ID Price Prediction by DigitalCoinPrice

DigitalCoinPrice has a relatively bullish short-term and long-term SPACE ID forecast. DCP suggests that the current price fluctuations of SPACE ID will continue and that the price at the beginning of June 2023 is likely to fall by -$17.17%. During mid-June, there is a possibility for SPACES ID prices to reach a maximum decline of $115.18%. By the end of June, it is expected that the price will decline further by $64.98%. In the long term, DCP predicts that ID will continue to experience price fluctuations and eventually reach a maximum of $4.38 in 2029, while by 2032, ID cryptocurrency might reach an all-time high of $11.38.

SPACE ID Price Prediction by Coincodex

CoinCodex has analyzed various technical indicators such as the Relative Strength Index and moving averages and has estimated a short-term prediction of a -12.02% decrease in Space ID price, reaching $ 0.520029 by May 10, 2023. Currently, the sentiment is Bearish and the Fear & Greed Index is at 61, indicating Greed levels for the coin. Over the last 30 days, Space ID has had 13 green days out of a total of 30, or a 43% success rate. The coin’s volatility has also been recorded at 22.72%. Based on Coincodex it is not recommended to buy Space ID at the current time.

CoinCodex continues to state that, in the best-case scenario, ID price prediction for the year 2026 is $ 0.00 if it follows Facebook’s growth. In case Space ID would follow Internet growth the prediction for 2026 would be $ 0.00. The long-term trend of the coin remains uncertain with 12 bearish signals and 5 bullish signals indicating sentiment in the market, with all signals pointing towards a bearish trend for Space ID.

SPACE ID Price Prediction by Market Experts

SPACE ID’s potential has been recognized by many industry experts, who widely believe in the project’s long-term potential. Since the launch, market experts have been consistently forecasting the token’s future price movements, with some predicting that it could reach a value of up to $10 per token by 2023.

Binance CEO Changpeng Zhao recently announced Binance’s launchpad for SPACE ID tokens and said that it had received over $2.8 billion in BNB commitments in just 48 hours. Youtube-based popular altcoin analyst Cilinix Crypto has given his future projections for ID tokens, saying that they can reach up to $10 per token by 2023.

Analyzing the factors driving demand for SPACE ID tokens, many analysts point to its decentralized nature and secure transactions as key deciding factors in setting its value. With the project offering a digital identity solution that is more secure than traditional methods, many investors are confident in the token’s prospects going forward.

Besides its security and privacy aspects, SPACE ID looks to offer an enhanced user experience to its users, which could potentially drive further demand for tokens. With its innovative features such as biometric authentication and facial recognition, SPACE ID offers a level of convenience not seen in other digital identities.

Conclusion

It’s important to note that while price predictions for the ID token may be optimistic, they are ultimately speculative and subject to a wide range of unpredictable factors. Cryptocurrency markets can be highly volatile and subject to sudden fluctuations, making it difficult to predict how the price of ID will evolve over the long term.

That being said, if SPACE ID successfully builds a solid and active community around its decentralized name service network, and if demand for the ID token continues to grow, it could experience significant price growth in the coming years. However, investors should conduct thorough research and carefully evaluate the risks and rewards associated with investing in cryptocurrency before making any investment decisions.