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SPACE ID price prediction 2024 -2030: Is ID a good investment?

Key takeaways

  • SPACE ID predictions anticipate a high of $0.4990 by the end of 2024.
  • In 2027, traders can expect a maximum price of $1.71, and an average price of $1.44.
  • SPACE ID forecast for 2030 sets a target of $5.77.

The SPACE ID token (ID) has three core functions. You can stake it to earn passive income, use it as a payment token for transactions, and use it as a governance token for the SPACE ID ecosystem. SPACE ID lets you personalize your wallet address in a human-readable format, a universal name service network.

Is ID a good investment? Will the ID price rise? Where will it be in 5 years? Let’s get into the details.

Overview

CryptocurrencySPACE ID
TickerID
Current Price$0.3528
Market Cap$236,207,426
24-hour Trading Volume$20,895,046
Circulating Supply662,219,805 ID
All-time High$1.83 on Mar 17, 2024
All-time Low$0.1713 on Oct 20, 2023
24-hour High$0.3848
24-hour Low$0.346

SPACE ID price prediction: Technical analysis

MetricValue
Volatility (30-day Variation)9.55%
50-day SMA$ 0.453489
200-day SMA$ 0.664131
SentimentBearish
Fear & Greed Index34 (Fear)
Green Days15/30 (50%)

SPACE ID price analysis: ID sinks to $0.3528 amidst slump

TL; DR

  • SPACE ID price analysis shows a bearish trend at $0.3528.
  • The SPACE ID price has deteriorated by 4.46% at the time of writing.
  • SPACE ID prices have found resistance at $0.5299.

On August 04, 2024, SPACE ID price analysis revealed a downward trend, confirming a prolonged period of descent. Currently trading at $0.3528, SPACE ID has observed a decline of 4.46% percent over the observed period. Considering the downtrend, a further decline in the coin value is expected soon. The overall market sentiment for SPACE ID remains negative, as the bears are capitalizing on favorable circumstances to retain their lead.

ID/USD 1-day chart: SPACE ID prices depreciates down to $0.3528

The 1-day price analysis for SPACE ID reveals a downward trend. After a prolonged downswing, the cryptocurrency value crashed below the Moving Average value. Currently trading at $0.3528, cryptocurrency finds support below this level. There are signs of reversal, as the market sentiment is highly bearish, and the volatility levels are increasing.

The gap between the Bollinger bands dictates the market volatility. Currently, the market trends are expanding, which confirms rising market unpredictability. The upper limit of the Bollinger bands indicator, also known as the resistance band, is $0.5299, whereas the lower Bollinger band, acting as another resistance band, is at $0.3756. 

ID/USD 1-day chart. Source: TradingView

The Relative Strength Index (RSI) indicator is close to the oversold region, indicating a considerable sign of reversal for SPACE ID in the future. Currently at 32.30 and moving downward, this suggests rising selling activity compared to buying. The RSI indicator is quite close to entering the oversold region, signaling instability for the market.

ID/USD 4-hour Chart: SPACE ID sinks to $0.3527 after downturn

The hourly price analysis for SPACE ID reveals a highly bearish trend over the observed hours. The price has just decreased below $0.3714, down to $0.3527. This consistent downward movement reveals a highly bearish sentiment in the market. Despite the bullish attempts at recovery, the overall market sentiment remains bearish, reflecting intensifying selling pressure.

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The upper limit of the Bollinger bands indicator is $0.4613, which acts as the resistance band. However, the lower limit is $0.3372, suggesting the support point. The Bollinger bands are expanding, which signals rising volatility for the cryptocurrency. 

ID/USD 4-hour Chart. Source: TradingView

The RSI indicator has receded to the oversold region, at 24.77, because of the bearish sentiment. This instability dictates an uncertain trading environment for the cryptocurrency. Moreover, the bearish trend signals a highly bearish sentiment as selling activity heightens compared to buying activity. Selling activity has crashed SPACE ID from $0.3756 to $0.3528, which is a bearish trend given the market sentiment. It is possible to turn around very soon. 

SPACE ID technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 3 0.456885SELL
SMA 5 0.463704SELL
SMA 10 0.46637SELL
SMA 21 0.455739SELL
SMA 50 0.453489SELL
SMA 100 0.590859SELL
SMA 200 0.664131SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 3 0.462705SELL
EMA 5 0.467375SELL
EMA 10 0.46727SELL
EMA 21 0.460442SELL
EMA 50 0.492801SELL
EMA 100 0.56226SELL
EMA 200 0.580025SELL

What to expect from ID price next?

SPACE ID price analysis reveals a bearish sentiment, which aligns with today’s recorded selling activity. The bearish swing has reduced the coin value from $0.3756 to $0.3528, and given the rising volatility, it is possible to reverse very soon. Technical indicators reinforce upward strength, whereas the price chart presents a bearish scenario. The coin value is $0.3528, however further decline is continual.

Is SPACE ID a good investment?

ID has utility; this year, it registered more trading volumes, contributing to its recent price gains. SPACE ID also registers new domains through collaborations with major blockchains. The predictions are also optimistic, and holding the token for the long haul can be profitable. We anticipate that the token’s price will surpass $6 by 2030.

Why is SPACE ID down?

SPACE ID is under selling pressure for the second consecutive day. Today, sellers overwhelmed the market again, and the ID/USD pair has devalued to $0.3528. As sellers flock to the market, the coin’s price is moving towards February price levels.

Will SPACE ID recover? 

ID had a good bull run during the bull market in March this year. It can be expected that it will follow the bullish trend if the market turns green. ID has the potential to recover as it keeps adding new domain extensions to expand its usage.

Will SPACE ID reach $0.80?

To reach the $0.80 level, ID’s market cap will have to be doubled. The price is achievable as SPACE ID was trading above $0.80 until April, and it is slightly above the average price level of $0.74 over the past few months.

Will SPACE ID reach $2?

To reach $2, ID will have to break above its all-time high price level of $1.83. Cryptopolitan’s SPACE ID price prediction suggests that the coin can reach this level by the fourth quarter of 2027.

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Will SPACE ID reach $5?

At $5, SPACE ID’s price will have to increase ninefold. The target is a bit higher but is achievable by 2030. In this perfect scenario, ID’s market cap will reach above $2.4 billion.

Does SPACE ID have a good long-term future?

ID is trading above its lower price range, but the cryptocurrency is under selling pressure at the moment. Looking at the future, ID’s Web3 advancement and usability will place it in the $6 price range by 2030, which makes it an attractive asset to hold.

Recent news/ updates on SPACE ID

  • Space ID has announced additional support features for Onekey wallet via it’s SDK.

Also Read: SPACE ID Expands Web3 Horizons with .sol Domain Support and SDK Integration.

SPACE ID price prediction August 2024

SPACE ID’s price will break higher than the current levels. This month, the average price will be $0.453, ranging between $0.285 and $0.525.

MonthPotential Low Potential AveragePotential High
August$0.285$0.453$0.525

SPACE ID price prediction 2024

As the second half of 2024 unfolds, we anticipate ID trading at an average price of $0.4619, ranging between $0.4426 and $0.4990.

YearPotential LowPotential AveragePotential High
2024$0.4426$0.4619$0.4990

SPACE ID price predictions 2025 to 2030

YearPotential Low ($)Potential Average ($)Potential High ($)
20250.66590.68430.7856
20260.96991.001.16
20271.391.441.71
20282.122.182.48
20293.223.333.75
20304.804.935.77

SPACE ID price prediction 2025

The SPACE ID forecast for 2025 is a high of $0.7856. However, in the case of a crypto market correction, the ID price might rest at a minimum price of $0.6659, making an average of $0.6843.

SPACE ID price prediction 2026

The year 2026 will experience more bullish momentum. According to the SPACE ID price prediction, it will range between $0.9699 and $1.16, with an average price of $1.00.

SPACE ID price prediction 2027

The price of SPACE ID prediction climbs even higher into 2027. According to the prediction, it will range between $1.39 and $1.71, and an average price of $1.44.

ID price prediction 2028

The analysis suggests a further acceleration in SPACE ID growth by 2028. According to the ID price prediction, the ID price will reach a minimum of price $2.12, a highest price of $2.48, and an average price of $2.18.

ID price prediction 2029

According to the SPACE ID price prediction for 2029, the SPACE ID price will reach a maximum and minimum of $3.65 and $3.75, respectively, with a year-round average price of $3.33.

SPACE ID price prediction 2030

The ID coin price prediction for 2030 indicates a price range of $4.80 and $5.77 and an average price of $4.93. 

SPACE ID market price prediction: Analysts ID price forecast

Firm20242025
DigitalCoinPrice$1.46$1.67
CryptoPredictions$1.36$1.38
Gate.io$0.73$0.76

Cryptopolitan’s SPACE ID price predictions

According to our predictions, SPACE ID will reach a high of $0.4990 in the second half of 2024. In 2025, it will range between $0.6659 and $0.7856, with an average price of $0.6843. It will achieve a new all-time high in 2026 at $1.16. In 2030, it will trade between $4.80 and $5.77.

SPACE ID historic price sentiment

  • Binance Launchpad subscription for ID started on March 17th, 2023.
  • The token distribution started on March 22nd, 2023.
  • Binance chart data shows that it started trading at around $0.3.
  • A month later, it rose to a high of $0.9 and began a bear run that lasted a year.
  • By Oct 20, 2023, it registered its all-time low at $0.1713.
  • 2024 registered higher trading volumes, which accompanied a price rise. 
  • On March 17, 2024, it registered its all-time high at $1.83.
  • For April and June, ID traded between $0.67 and $7.85 range.
  • At the start of July, the token’s price dipped to $0.344 level but later on it recovered back to $0.461.
  • In August 2024, ID price has decreased again and is trading near $0.37 range.

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 .

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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.

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