- Bullish NU price prediction ranges from $2.05 to $5.83.
- The NU price might also reach $6 soon.
- NU bearish market price prediction for 2022 is $1.13.
This NuCypher (NU) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our NU price analysis and prediction.
The crypto industry continues to grow. Many crypto projects pursue improvements to their technologies to stay competitive. Over the past few weeks, the crypto market seems to be consolidating. At the moment, it seems that the crypto industry might finally be on the upswing again.
Will NU experience the same price volatility? We’ll find out soon in this NU price analysis 2022 article. But first, let’s have a look at what NU is.
What is NuCypher (NU)?
NuCypher is a cryptographic service for public blockchains that offers decentralized encryption, access control, and key management. The NuCypher platform supports end-to-end encryption and decentralized data storage on public blockchains.
By using proxy re-encryption (PRE), NuCypher allows users to share private information on public consensus networks. With this decryption technology, NuCypher is much safer and more secure than traditional blockchain projects that use public-key encryption.
A native token, NU, is used on the NuCypher network. Participants in the network are rewarded with tokens for performing key management services and gaining access to delegation/revocation operations.
A NuCypher worker node is also staked using NU tokens. In NuCypher, all staking rewards are automatically slashed in the case of suspected malicious staking.
As part of the NuCypher DAO, NU is also used to participate in the network’s smart contract upgrades and to control network parameters. In the process of validating the DAO proposals, NU holders can also stake their coins.
Now that we are clear about NU do you think NU will be beneficial crypto in 2022? Join me and let us see the charts in this NuCypher price analysis and NuCypher price prediction.
NuCypher (NU) Current Market Status
As of the time of writing this NuCypher price analysis, NU trades at $0.38 with a 24-hour trading volume of $5,585,592. The price of NU has decreased by 0.16% in the last 24 hours.
Currently, the top cryptocurrency exchanges for NU are Binance, OKEx, Huobi Global, Mandala Exchange, and Bybit. Now, let’s go to the next part of this NU technical analysis for 2022.
NuCypher (NU) Price Analysis 2022
Currently, NU holds 178th place on CoinMarketCap. But will the latest upgrades, development, and changes in the NU blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this NU price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for NU/USDT, we can deduce that the price of NuCypher might get bullish in some days since the price is almost breaking out at the second half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 44.65. This shows that NuCypher (NU) is showing a weak trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.
From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and the 100-MA is not touching recently formed candlestick, the price of the coin might increase soon.
NuCypher (NU) Price Prediction
The chart below shows that NU has performed great over the past few days. Moreover, the NU price shows a bullish trend. If this trend continues, NU might run along with the bulls, overtaking its $2.05 resistance1 level and moving even higher to $5.83, the bullish signal for 2022.
Alternatively, if the investors turn against the crypto, the bears could take over and push NU away from its uptrend position. In simpler terms, the price of NU might decrease to almost $1.13, a bearish signal.
Meanwhile, our long-term NuCypher (NU) price prediction 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.
NuCypher (NU) Price Prediction 2022
If this bullish trend continues, NuCypher will reach $5.83 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.05. There will be a slowdown in this rise, but no major fall in prices is anticipated. With upcoming, partnerships, and developments reaching $6 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
NuCypher (NU) Price Prediction 2023
If NU holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $10, making it not plummet but play consistently.
NuCypher (NU) Price Prediction 2024
As per the latest upgrades, developments, NuCypher price prediction, and new project forecasts of the platform, NU investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of NU in the crypto market, and it will be the best investment as the price can spike and reach around $15.
NuCypher (NU) Price Prediction 2025
In the next four years, NU price could race up to $25. However, reaching this level could not be so difficult for NU as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that NU has a high possibility of reaching a new ATH soon in the next four years as per the prediction.
NuCypher (NU) Price Prediction 2026
In the next five years, NU price could race up to $40. However, reaching this level could not be so difficult for NU as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that NU has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Conclusion
NuCypher has a bright future ahead of it in 2022. With the ongoing developments happening within the NU ecosystem, as well as in the overall crypto market, we may see NU reach new heights.
Bullish NU price prediction 2022 is $5.83. As said above, it may even reach $6 if investors have decided that NU is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
NuCypher is a cryptographic service for public blockchains that offers decentralized encryption, access control, and key management. NuCypher network’s native token is NU.
Users can obtain NU tokens by purchasing them from cryptocurrency exchanges such as Binance, Mandala Exchange, OKEx, Huobi Global, and Bybit.
NU is a good investment in 2022. However, NU has a high possibility of reaching new heights this year.
Yes, it’s very much possible that NU might reach $6 in the near future as per the current bullish trend.
NuCypher (NU) price is possible to reach $5.83 by 2022.
NuCypher (NU) price is possible to reach $10 by 2023.
NuCypher (NU) price is possible to reach $15 by 2024.
NuCypher (NU) price is possible to reach $25 by 2025.
NuCypher (NU) price is possible to reach $40 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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