- Bullish SPACE ID price prediction ranges from $0.8 – $1.
- If ID faces a bearish sentiment, it could fall below the $0.43 level.
- ID is currently moving in an upward slope and could break the Resistance level.
What is SPACE ID (ID)?
SPACE ID was formed to act as a universal name service network to meet the rising demands for decentralized identity and various Web3 name services. These decentralized identities could be used across multiple dApps and blockchain networks and have proven to be an essential key factor for the revolutionary Web3 age.
SPACE ID is a one-stop web3 domain and identity platform, enabling users to discover, register, trade, and manage web3 domains. As explained by SPACE ID, this name service network will also include a web3 name SDK and API for developers, along with a multi-chain name service.
Space IDs is powered by an ad hoc blockchain called “Lucas,” allowing users to easily bridge and store data across various chain. Moreover, the SPACE ID protocol supports multiple top-level domains (TLDs) such as .eth, .bnb, and .arb and enables the community to launch their very own custom TLDs.
The Space ID DAO will be utilized to govern its protocol and platform. The native token of the SPACE ID ecosystem, ID, can be used for staking, payments, and for governance. Moreover, ID helps users to navigate and take advantage of the various features of the SPACE ID ecosystem and easily manage their digital identities.
SPACE ID Market Overview
| Name | SPACE ID |
| Symbol | id |
| Rank | #240 |
| Price | $0.472253 |
| Price Change (1h) | 3.29386 % |
| Price Change (24h) | -2.90921 % |
| Price Change (7d) | 7.03693 % |
| Market Cap | $135064398 |
| All Time High | $0.91512 |
| All Time Low | $0.388601 |
| Circulating Supply | 286000000 id |
| Total Supply | 2000000000 id |
Analyst View on SPACE ID
Since the launch of SPACE ID’s native taken, the crypto community has shown a keen interest in ID. Binance’s launchpad for SPACE ID tokens received over $2.8 billion in BNB commitments in just 48 hours, as reported by Changpeng Zhao, the founder of Binance.
Furthermore, CoinGecko, a crypto data aggregator, announced on Friday that SPACE ID was ranked second as the top trending coins list. This could indicate that the crypto community was looking forward to ID’s launch and the features it could offer for the futuristic Web3 world.
SPACE ID Current Market Status
After its recent launch, ID already ranked in the 195th position based on its market capitalization, according to CoinMarketCap. The current circulating supply of SPACE ID’s native token is at 286,000,000 ID, while its total supply is 2,000,000,000.
Moreover, ID is priced at $0.4501, experiencing a 24.91% fall in seven days. With a market cap of $128,728,149, ID is also facing a 4.44% tumble in 24 hours. Even though ID had a huge demand initially, the trading volume, valued at $151,493,665, faced a downfall of 36.30% in one day, indicating that the interest for this token is settling down.
Some of the crypto exchanges for trading ID are currently Binance, Bybit, Bitrue, and CoinW. However, traders should note that over time ID could be available across many other top crypto exchanges.
Now, let’s dive further and discuss the price analysis of SPACE ID’s native token, ID, for 2023.
SPACE ID Price Analysis 2023
After SPACE ID (ID) became popular during its launch, its native token faced a fall. However, will SPACE ID (ID) new developments in its ecosystem and protocol create a surge in ID’s price in 2023? Read more to find out about SPACE ID 2023 price analysis.
SPACE ID Price Analysis – Bollinger Bands
The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The Bollinger Bands consists of upper and lower bands which can be used together, along with the middle line(simple moving average), to determine whether the price would rise or fall.
The upper band of the BB is calculated by adding 2 times the standard deviations to the middle line, while the lower band is calculated by subtracting 2 times the standard deviation from the middle line. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. As such, the prices of the cryptocurrency, when the Bollinger bands are applied should stay within the upper and lower bands 95% of the time is the concept behind this.
Looking at the 15-minute chart, the ID’s candlesticks have recently touched the upper bands. This could indicate that there could be a price reversal soon and ID might fall. Moreover, the Bollinger Bands seems to be widening, confirming the high volatility. High volatility also affirms that a price reversal could be imminent.
However, if the ID’s candlesticks go below the lower bands then it is in the oversold region. This could mean that ID will experience a price correction.
SPACE ID Price Analysis – Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.
RSI is currently valued at 62.86, indicating there is still a strong trend in ID’s price movements. Moreover, the RSI was recently in the overbought region and seemed to have started its journey downwards. While making a vertical downward slope, there could be a chance that the RSI could go below the SMA, which is a sign of bearish sentiment.
SPACE ID Price Analysis – Moving Average
Looking at the 15-minute chart, ID faced a death cross on Monday after the 50 MA crossed and went below the 200 MA. However, the recent candlesticks show that a golden cross has been formed, which could be a sign of a bullish run. The gap between the 50MA and the 200MA continues to widen, confirming that the ID’s current trajectory will continue for some time.
SPACE ID Price Prediction 2023
Observing the chart, ID’s candlesticks are currently above the 200 MA, signaling it is a bullish sentiment. ID has also tested the upper band of the regression trend five times. The Regression trend also confirms ID’s bullish trajectory. The moment ID touches the upper band, it creates a new higher low, as it gradually continues its climb.
Moreover, as the candlesticks continue to widen their gap from the 200MA, ID’s recent price movement remains within the regression trend. If the ID continues to move within the Regression Trend area, the price could break beyond the Resistance area ($0.5195). However, if there is a price reversal, then, ID could tumble and reach the Support level ($0.4323).
For 2023, ID could cross the $1 Resistance if it continues its current bullish trajectory. However, in any case, if ID faces a trend reversal and falls into the bear trap, the price could tumble to the $0.3 support region.
SPACE ID Price Prediction 2024
Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. ID could also be affected by Bitcoin halving and could trade beyond the price of $3.15 by the end of 2024.
SPACE ID Price Prediction 2025
ID could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ID will continue to rise in 2025 forming new resistance levels. It is expected that ID would trade beyond the $5.56 level.
SPACE ID Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, ID could tumble into its support regions of $4.27. However, when ID remains in the oversold region, there could be a price correction soon. ID, by the end of 2026, could be trading beyond the $6 resistance level after experiencing the price correction.
SPACE ID Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. ID is expected to rise after its slumber in the bear season. Moreover, ID could even break more resistance levels as it continues to recover from the bearish run. Therefore, ID is expected to trade at $6.89 by the end of 2027.
SPACE ID Price Prediction 2028
Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, ID will continue to form new higher highs and is expected to move in an upward trajectory. Hence, ID would be trading at $8.90 after experiencing a massive surge by the end of 2028.
SPACE ID Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ID could be trading at $9.75 by the end of 2029.
SPACE ID Price Prediction 2030
After witnessing a bullish run in the market, ID and many altcoins would show signs of consolidation and might trade sideways for some time, while experiencing minor spikes. Therefore, by the end of 2030, ID could be trading at $10.75.
SPACE ID Price Prediction 2040
The long-term forecast for ID indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, ID may face a slight fall before starting its upward journey once again. It is expected that the average price of ID could reach $21.87 by 2040.
SPACE ID (ID) Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ID could surpass the resistance level of $30.
Conclusion
If investors continue to show a keen interest in ID, this altcoin could continue to move in its bullish trajectory. ID’s bullish price prediction shows that it could cross beyond the $1 resistance level by 2023. Moreover, ID could trade beyond the $30 region if traders believe this is a great investment, along with Bitcoin (BTC) and Ethereum(ETH).
FAQ
SPACE ID is a one-stop web3 domain and identity platform, enabling users to discover, register, trade, and manage web3 domains.
SPACE ID can be traded on many exchanges like other digital assets. Binance, Bybit, Bitrue, and CoinW are some exchanges that trade ID.
ID has the potential to break its all-time high of $0.6673 by 2023. Furthermore, it is expected ID will break beyond the $1 resistance level.
ID is one of the trending tokens and if it manages to break above the present $0.4 momentum, then, it has the potential to hit $10 by 2030.
Since ID is still relatively new and has proved that investors are showing a huge demand, this altcoin has the potential to become one of the best investments in 2023. Moreover, its current trend could break the resistance levels forming new higher highs.
The lowest price of ID is $0.3859.
ID was launched in 2023
ID can be stored in a hot wallet, cold wallet, or exchange wallet.
ID is expected to reach $1 by 2023.
ID is expected to reach $5.56 by 2025.
ID is expected to trade beyond the $6 level.
ID is expected to reach $6.89 by 2027.
ID is expected to reach $8.90 in 2028.
ID is expected to reach $9.75 by 2029.
ID is expected to reach $10.75 by 2030.
ID is expected to reach $21.87 by 2040.
ID is expected to trade beyond the $30 resistance level.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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