SPACE ID Price Prediction 2024 -2033: Is ID a Good Investment?

SPACE ID Price Prediction 2024 -2033

• SPACE ID Price Prediction 2024 – up to $1.03
• SPACE ID Price Prediction 2027 – up to $3.19
• SPACE ID Price Prediction 2030 – up to $9.56
• SPACE ID Price Prediction 2033- up to $30.42

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

Now that we understand the functionality and significance of SPACE ID let’s explore its current valuation. This will give us insights into its market dynamics and potential growth trajectory in the blockchain ecosystem.

How much is ID (SPACE ID) worth?

The current Space ID price is $0.69496 with a 24-hour trading volume of $54,356,453. ID is down 3.34% in the last 24 hours. The current CoinMarketCap ranking is #173, with a live market cap of $359,118,376 USD. It has a circulating supply of 515,500,876 ID coins and a max. supply of 2,000,000,000 ID coins.

Space ID price analysis: Bears take over the market

TL;DR Breakdown

• SPACE ID price analysis shows a downward trajectory
• SPACE ID token key support level at $0.61300
• ID/USD resistance level is present at $1.06735

The latest updates on the 1-day and 4-hour as of 19 April 2024 shows that ID has been on a downward trend. The bears are ruling the price chart with slight exceptions of bullish resistance. The coin had dropped down to $0.69496 because of the bearish swing.

ID/USD price action on a 1-day chart: SPACE ID bears take over the market

The 1-day price chart for the SPACE ID token shows a strong downward trend, indicating a bearish market sentiment. Currently priced at $0.69496, the token is precariously positioned, with a risk of falling below this level if the market sentiment continues to be negative.

We can see that the volatility is escalating, which means that there is a bearish signal ahead. Due to the escalating volatility, the Bollinger Band upper limit has moved to $1.0675, whereas the lower Bollinger Band limit has shifted to $0.61300. Moreover, the RSI value further confirms the bearish trend, indicating a value of 34.51; hence, Space ID is in oversold territory.

SPACE ID token price action on a 4-hour price chart: Short-Term Bulls vs Long-Term Bears?

The 4-hour Space ID chart shows a decrease trend for crypto today. The bears seem to have taken over as the selling momentum is still on the rise. Due to the continuing decrease trend, in the last few hours, the coin is trading at $0.69020.

On the 4-hour chart, the coin shows a decline; hence, it has turned bearish. Volatility is also on the rise, which signals an impending downtrend. This is reflected in the shifting of the Bollinger Bands value, with the lower band at $0.67000 and the upper band at $0.75076. Additionally, the RSI value suggests a potential weakening in momentum and is at 43.06

Is Space ID a good Investment?

Space ID presents a compelling investment opportunity in the blockchain space. The Space ID ecosystem offers robust infrastructure tailored for realizing ambitious projects, providing all the necessary tools to materialize innovative ideas. With Space ID gaining traction in the crypto market, boasting an impressive user base of over 1.6 million active monthly users, and facilitating more than 427 million transactions, confidence in its potential continues to grow. 

The Space ID token serves as the linchpin of the ecosystem, playing a central role in various applications spanning gaming, non-fungible tokens (NFTs), and decentralized applications (DApps) built atop the Space ID blockchain. Recognized by many retailers as a promising investment, Space ID is positioned to capitalize on the burgeoning blockchain industry. Our analysis in the Cryptopolitan Price Prediction section will delve into the projected value appreciation of the Space ID token over the coming years, further bolstering the case for its investment viability.

Recent News/Opinion on SPACE ID Protocol

DWF Labs Deposits $7.67M Worth of ID $ID to OKX Following Binance Withdrawal

DWF Labs recently made some significant moves in the cryptocurrency market. They first deposited 10.8 million ID tokens, valued at $7.67 million, into a market where each token was priced at $0.71. This suggests they’re actively engaging in trading and managing their assets strategically. Just 20 hours before this deposit, they withdrew tokens from Binance, totaling $8.2 million, at a rate of $0.743. These actions indicate that DWF Labs is actively involved in trading across various platforms, making strategic decisions to optimize their assets.

SPACE ID Price Prediction by Cryptopolitan

SPACE ID Price Prediction 2024

Our Space ID price prediction for 2024 suggests a minimum price of $0.8825. According to the Space ID price prediction for 2024, the maximum price could reach $1.03, with an average price of approximately $0.9099 throughout the year.

SPACE ID Price Prediction 2025

According to our Space ID price prediction for 2025, it is expected to reach a minimum of $1.29. Our Space ID price prediction for 2025 suggests that it could attain a maximum level of $1.53, with an average value estimated at $1.33 throughout the year.

SPACE ID Price Prediction 2026

Our Space ID price prediction for 2026 could reach a minimum of $1.84, with a peak of $2.25. Space ID price prediction for 2026 also has an average trading price of $1.9.

SPACE ID Price Prediction 2027

According to our Space ID price prediction for 2027, Space ID is expected to reach a minimum trading value of $2.56, an average price of of $2.66, and with the maximum price of $3.19.

SPACE ID Price Prediction 2028

According to our Space ID price prediction for 2028, Space ID’s price may experience substantial growth. The projected minimum price is $3.68, and the average trading price is expected to be approximately $3.79. Furthermore, Space ID’s price could surge to a maximum of $4.51 during the year.

SPACE ID Price Prediction 2029

Our Space ID price prediction for 2029 forecast that ID will have a minimum value of $5.48 and an average trading price at $5.67. ID is expected to reach a maximum price of $6.35.

SPACE ID Price Prediction 2030

According to the Space ID price prediction for 2030, the price of Space ID is predicted to reach a minimum value of $7.95. The Space ID price could have a maximum value of $9.56, with an average trading price estimated at $8.24 throughout the year.

SPACE ID Price Prediction 2031

Based on our current Space ID price prediction for 2031, ID is projected to be trading at a minimum price of $11.99. The average trading price is expected to hover around $12.32, and the maximum value to reach $13.97 on ID price prediction.

SPACE ID Price Prediction 2032

Our Space ID price prediction for 2032, the minimum price of Space ID is forecasted to be $17.64, with an average trading price of $18.26 and a maximum value of $20.56.

SPACE ID Price Prediction 2033

According to the Space ID price prediction for 2033, the minimum price of Space ID is forecasted to be $24.78, with an average trading price of $25.51. The Space ID cryptocurrency is also expected to attain a maximum trading price of $30.42.

SPACE ID Price Prediction by DigitalCoinPrice

According to DigitalCoinPrice, SPACE ID’s prices are expected to rise. In 2024, they anticipate the lowest price to be $0.68, the average to be $1.54, and the highest to be $1.68.

Looking ahead to 2027, the highest Space ID price prediction price is estimated to reach $3.50, with an average trading price of $3.19 and a minimum of $2.95. These price levels are forecasted to remain stable throughout 2027.

By 2029, there is a significant projected increase, with a forecasted maximum trading price of $4.17, an average of $3.92, and a projected minimum of $3.65. The outlook becomes even more optimistic as the forecast moves into the following decade.

In 2033, another surge is expected, with a projected maximum trading price of $14.95, an average of $14.84, and a minimum of $14.40.

SPACE ID Price Prediction by Wallet Investor

According to Wallet Investor’s on Space ID price prediction, it seems poised for significant growth in the near future. They anticipate its value to reach $2.274 within a year, indicating a promising upward trend in the short term.

Looking further ahead, their five-year forecast is even more optimistic, suggesting a price of $8.505. These predictions not only suggest a positive outlook for SPACE ID but also highlight its potential appeal to investors and enthusiasts interested in closely monitoring its performance.

SPACE ID Price Prediction by CoinCodex

CoinCodex’s price prediction for SPACE ID is full of promise. According to their Space ID price prediction, by the end of 2025, the cryptocurrency could reach a peak trading price of $3.35.

Looking further into the future, to 2030, the projections become even more optimistic. Based on CoinCodex’s prediction chart, the price of Space ID is expected to increase to $4.5. These projections paint a positive picture for investors and enthusiasts of SPACE ID, suggesting significant potential gains in the years ahead.

SPACE ID Price Prediction by Market Experts

Cilinix Crypto, a respected market expert, has predicted a significant bullish trend for Space ID, suggesting its value could soar beyond $1. This forecast is likely to ignite optimism among investors, potentially driving increased interest and trading activity in the cryptocurrency.

However, it’s crucial to approach such predictions with caution, given the inherent volatility of the crypto market. Factors such as technological developments, project milestones, and overall market sentiment can influence the trajectory of Space ID.

While Cilinix Crypto’s forecast may offer valuable insight, it’s important for investors to conduct their own research and exercise prudent risk management strategies. The cryptocurrency landscape is dynamic and subject to rapid changes, making it essential to stay informed and adaptable in navigating investment decisions.

Space ID Overview

Space ID (ID) Price History

Source: Coinmarketcap

However, volatility followed; the token experienced a sharp decline, hitting an all-time low of $0.1763 by August 18. As of April 18, 2024, SPACE ID had stabilized somewhat, trading at $0.69819, which is still an impressive 679.19% above its initial IEO price.

More on Space ID Network

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.

Conclusion

The current state of Space ID reflects a volatile market with notable price fluctuations. Despite a recent decline in value, bullish trends observed in short-term analysis suggest potential upward movement.

However, long-term prospects are uncertain, with prevailing bearish sentiments and resistance levels potentially impeding significant price increases. Traders and investors are advised to consider support and resistance levels and recent market developments, such as DWF Labs’ strategic asset management decisions, when making decisions regarding Space ID.