Loading...

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

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. 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.

How much is ID (SPACE ID) worth?

The SPACE ID price in today’s live show is $0.57591, with a 24-hour trading volume of $55,443,376, which has increased by 70.96% over the last 24 hours. SPACE ID is down 2.45% in the last 24 hours. The current CoinMarketCap ranking is #233, with a live market cap of $284,683,754. It has a circulating supply of 485,731,152 ID coins and a max. supply of 2,000,000,000 ID coins.

Space ID price analysis

SPACE ID Token price analysis: Bears strive to take lead

TL;DR Breakdown

  • SPACE ID price analysis shows a downward today
  • SPACE ID token key support level at $0.56636
  • ID/USD resistance level is present at $0.65138

Reviewing Space ID’s performance, it’s clear that the ID market demonstrated a significant downward trajectory during the day’s trading session. The ID/USD pairing underwent price fluctuations from $0.56636 to $0.65138 throughout this period. 

Currently, the ID/USD pair is at $0.57591, marking an incline of 2.45%. The day initiated with a bearish sentiment, and the market has steadfastly remained within this range, with sellers making determined efforts to assert their influence.

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

SPACE ID token’s 1-day price chart reveals a prevailing bearish trend. Currently trading at $0.57591, the asset is teetering on the edge, vulnerable to dipping below this threshold if market sentiment remains unfavorable.

With an RSI value of 56.72, Space ID presents a stock exhibiting moderate momentum in its price movements. This reading, falling within the neutral territory, suggests a balance between buying and selling pressures. 

Coupled with this RSI observation, Space ID’s technical analysis reveals a consolidation phase, where the stock has established a key support level at $0.56636 and a resistance level at $0.65138. This consolidation indicates a period of indecision in the market, with traders awaiting clearer signals for potential shifts in direction. 

Monitoring price action around these support and resistance levels will be crucial for identifying potential breakout or breakdown opportunities. Therefore, while the RSI suggests a balanced momentum, traders should remain vigilant for confirmation signals from price movements relative to these key levels before making trading decisions.

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

Examining the price chart for Space ID indicates a bearish trend. The coin has gracefully exited an ascending channel featured on the 4-hour chart, signaling a continuation of the downward movement. Despite the breakout from the descending channel, the current value of the cryptocurrency stands at $0.57577, confirming the prevailing bearish momentum.

On the 4-hour chart, the Space ID token exhibits a more neutral sentiment with an RSI level of 40.82, suggesting neither overbought nor oversold conditions. 

The Bollinger Bands indicate a support level at $0.57208 and a resistance level at $0.61420. Traders should note the relatively tighter range between the support and resistance levels compared to previous analyses, signifying a period of consolidation or indecision in the market. With the RSI in a neutral zone, traders may anticipate a potential breakout from this range, either towards the upper resistance level or the lower support level. 

It’s essential to closely monitor price action and volume dynamics for confirmation of a new trend direction. Additionally, traders may employ other technical indicators or fundamental analyses to validate potential trading opportunities during this consolidation phase.

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

ZKF Domain Service Surpasses 10,000 Registrations, Fueled by SPACE ID 3.0 Integration

In a resounding success for the burgeoning web3 domain landscape, ZKF Community has achieved a remarkable milestone, surpassing 10,000 total registrations for its innovative domain service. This achievement marks a significant stride forward for the decentralized web domain sector, underscoring the growing interest and adoption of blockchain-based domain solutions. 

Spearheaded by ZKF Community, the web3 domain launch has garnered widespread acclaim within the crypto community for its seamless integration and user-friendly interface. Central to the success of this venture is the robust infrastructure provided by SPACE ID 3.0, empowering users with a comprehensive suite of tools and services to navigate the decentralized web ecosystem easily. 

Congratulations pour in for the ZKF Community as they pave the way for a new era of decentralized web domains fueled by the pioneering technology of SPACE ID 3.0.

SPACE ID Price Prediction by Cryptopolitan

YearMinimum PriceAverage PriceMaximum Price
2024$0.3981$0.4120$0.4665
2025$0.5706$0.5871$0.7071
2026$0.8231$0.8366$1.01
2027$1.18$1.22$1.39
2028$1.69$1.75$2.00
2029$2.53$2.62$2.99
2030$3.75$3.88$4.39
2031$5.38$5.58$6.52
2032$7.72$7.95$7.52
2033$11.69$12.00$13.85
Space ID Price Prediction

SPACE ID Price Prediction 2024

Our Space ID price prediction for 2024 suggests a minimum price of $0.3981. According to the Space ID price prediction for 2024, the maximum price could reach $0.4665, with an average price of approximately $0.412 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 $0.5706. Our Space ID price prediction for 2025 suggests that it could attain a maximum level of $0.7027, with an average value estimated at $0.5871 throughout the year.

SPACE ID Price Prediction 2026

Our Space ID price prediction for 2026 could reach a minimum of $0.8131, with a peak of $1.01. Space ID price prediction for 2026 also has an average trading price of $0.8366.

SPACE ID Price Prediction 2027

According to our Space ID price prediction for 2027, Space ID is expected to reach new heights. The minimum trading value is predicted to be $1.18, indicating a strong bullish market sentiment. The average price of Space ID for 2027 could hover around $1.22, and with continued growth and adoption, the maximum price is forecasted to soar to $1.39.

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 $1.69, and the average trading price is expected to be approximately $1.75. Furthermore, Space ID’s price could surge to a maximum of $2.00 during the year.

SPACE ID Price Prediction 2029

Our Space ID price prediction for 2029, the cryptocurrency market’s confidence, seems reflected in its robust performance. The digital asset is forecasted to have a floor price of $2.53 and an average trading price consistent with this, at $2.62. The maximum price is expected to reach $2.99.

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 $3.75. The Space ID price could have a maximum value of $4.39, with an average trading price estimated at $3.88 throughout the year.

SPACE ID Price Prediction 2031

Based on our current Space ID price prediction for 2031, the minimum price of Space ID is projected to be traded at a minimum price of $5.38. The average trading price is expected to hover around $5.58, and the maximum value to reach $6.52 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 $7.72, with an average trading price of $7.95 and a maximum value of $9.52.

SPACE ID Price Prediction 2033

According to the Space ID price prediction for 2033, the minimum price of Space ID is forecasted to be $11.69, with an average trading price of $12.00. The Space ID cryptocurrency is also expected to attain a maximum trading price of $13.85.

SPACE ID Price Prediction by DigitalCoinPrice

DigitalCoinPrice offers an optimistic outlook for SPACE ID’s pricing. In 2024, according to DigitalCoinPrice Space ID price prediction, they expect the minimum, average, and maximum trading prices to be $0.24, $0.57, and $0.60, respectively.

Looking ahead to Space ID price prediction 2027, the highest anticipated price is estimated to reach $1.05, alongside an average trading price of $1.25 and a minimum of $1.25. These price levels are predicted to remain stable throughout 2027.

By 2029, the price projections show a significant increase, with a forecast maximum trading price of $1.29, an average of $1.42, and a forecast minimum of $1.49. The outlook becomes even more optimistic as they move into the following decade.

2033 expects another surge, with a projected maximum trading price of $5.11, an even moving average of $5.27, and a minimum of $5.28.

SPACE ID Price Prediction by Wallet Investor

As per Wallet Investor’s Space ID price prediction, ID appears to be on the verge of substantial growth in the foreseeable future. Their one-year projection anticipates a value of $0.297, signaling an encouraging upward trend in the short term. 

Delving into the long-term perspective, the five-year forecast paints an even more optimistic picture, envisioning a price of $0.368. These prognostications not only hint at a bright future for SPACE ID but also underscore its potential attractiveness for investors and enthusiasts keen on tracking its performance closely.

SPACE ID Price Prediction by CoinCodex

CoinCodex’s price prediction for SPACE ID’s price is brimming with promise. Their forecasts suggest that by the end of 2025, the cryptocurrency could attain a peak trading price of $0.60. Expanding the horizon to 2027, the price projection climbs even higher, reaching a maximum of $0.94.

Peering into the future to 2030, the projections take on an even more optimistic tone. CoinCodex envisions SPACE ID’s growth price surging to a remarkable peak of $2.57. These projections paint a bright picture for investors and enthusiasts of SPACE ID, hinting at substantial potential gains in the years to come.

SPACE ID Price Prediction by Market Experts

Many industry experts have recognized SPACE ID’s potential and widely believe in the project’s long-term potential.

Crypto4light Market compartmentalized the price stages of the ID token into initiation, accumulation, and pump zones. In terms of risk and opportunity, the analyst suggests that ID might see a drop to zones well under $0.61, which could be a good buying opportunity. Conversely, a price level as high as $1.55 could be attainable.

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.

Space ID Overview

Screenshot 2023 09 24 at 19.43.26
Source: Cryptorank.io

Space ID (ID) Price History

Launched in March 2023 through an Initial Exchange Offering (IEO) on Binance at $0.025 per token, SPACE ID quickly responded to market dynamics. Just a month later, in April 2023, it soared to an all-time high of $1.03, marking a dramatic increase from its IEO valuation.

Screenshot 2023 09 24 at 19.37.40
Source: Coinmarketcap

However, volatility followed; the token experienced a sharp decline, hitting an all-time low of $0.1763 by August 18. As of September 24, 2023, SPACE ID has stabilized somewhat, trading at approximately $0.1948, 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 Large 1 768x431 1
Source: SPACE 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

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.

FAQs

What is Space ID?

Space ID is a decentralized data exchange protocol built on the blockchain that allows users to own and control their data.

Is Space ID a good investment?

As with any investment, there are risks involved. Doing your own research and analysis before making any investment decisions is essential.

What factors could affect the price of Space ID?

The cost of Space ID could be affected by various factors, such as market trends, adoption rates, competition, and regulatory changes.

What is the use of Space ID?

The Space ID protocol is a set of smart contracts that provide the core functionality of web3 domain registration, resolution, management and governance. The protocol supports multiple top-level domains (TLDs) such as . ETH, .BNB and .

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Edward Hopelane

Edward Hopelane is a certified content specialist and a business developer. He enjoys writing about emerging technologies such as Blockchain, Crypto/NFTs, Web3, Metaverse, Artificial Intelligence, UI/UX, and whatnot. With vast experience in blockchain, he has turned complex web 3 topics to simple blog posts.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

apecoin price prediction
Cryptopolitan
Subscribe to CryptoPolitan