district0x

<p>The technology behind online marketplaces and communities is well-established and regulated. Giant companies like Amazon, eBay, and Etsy are all examples of solid e-commerce marketplaces with task-based marketplaces like Upwork, Fiverr, and TopTal have made their dominance among freelancers and companies from around the globe. However, with these platforms, users typically do not get a true voice in deciding the future direction of how platforms should operate. If these companies ever collapse one day, the user data, reputation, and identity established by each user will vanish too. Moreover, users on those Web2 platforms do not get the priority to present their opinions regarding fee structure, usage guide, and UI/UX development. To solve these problems, District0x builds such a platform that provides online districts, which are <a href="https://blockchainreporter.net/glossary/decentralized-autonomous-organization-dao/" rel="noopener noreferrer nofollow">decentralized and autonomous organizations (DAOs)</a>. As several companies are focused on building a smooth Web3 <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">ecosystem</a>, district0x considers itself to be part of the Web3 movement. Hence, district0x is a good example of how various decentralized protocols are integrated together to develop a new <a href="https://blockchainreporter.net/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> solution. Our DNT price prediction aims to bring its current technical analysis based on advanced indicators to help you choose the best investment plan amid the FUD situation in the market.</p><h2 id="header-0">District0x (DNT): A Vast Potential</h2><p>District0x is a decentralized marketplace powered by <a href="https://blockchainreporter.net/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>. The platform allows users to create and manage their own online marketplaces, called districts. Districts can be used for anything from buying and selling goods and services to creating an online voting system or managing a community forum.</p><p>The idea of <a href="https://district0x.io/" rel="noopener noreferrer nofollow">District0x</a> and decentralization was coined by Joe Urgo and Matus Lestan in February 2017. Though the District0x platform is still in development, the team has already inaugurated two successful districts: Ethlance (a freelancing marketplace) and Name Bazaar (a marketplace for buying and selling domains). The District0x team is actively working on new features and improvements for the platform to add more value to its users’ experience. Let’s take a look at its current market details to clarify our DNT price prediction better.</p><h2 id="header-1">District0x (DNT): Roadmap And Features</h2><p>District0x is a platform that enables users to rapidly establish their own decentralized platforms that are managed by a decentralized autonomous organization (DAO) structure. It is marketed as a “network of decentralized marketplaces and communities.”</p><p><a href="https://district0x.io/docs/district0x-whitepaper.pdf" rel="noopener noreferrer nofollow">The whitepaper states</a>, “The creation of a district on the district0x Network will trigger the creation of a deposit pool and corresponding entity on the Aragon Network. Through the district0x Network Token staking interface, token holders can stake their tokens to deposit pools to mint tokens which represent voting rights in district-specific Aragon entities, via which all of the district’s governance activities will occur.”</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/77da5a4ae6984dc2b488ae83f481881a.png" /></p><p>The native token of the District0x network is DNT which is an <a href="https://blockchainreporter.net/glossary/erc-20/" rel="noopener noreferrer nofollow">ERC-20 token</a> used to access certain features on the platform, such as voting rights and governance. The goal of District0x is to address some of the issues associated with modeling and running distributed community markets. It attains this by offering a wide range of smart contracts and front-end libraries that developers adapt to quickly establish their own districts. There are three main technologies: InterPlanetary File Transfer Protocol, Ethereum, and Aragon working together to lead the platform ahead, and combining them together, they form the ‘d0xINFRA’ open-source protocol. The d0xINFRA framework provides a set of fundamental <a href="https://blockchainreporter.net/glossary/smart-contract/" rel="noopener noreferrer nofollow">smart contracts</a> and libraries with which users may develop their districts and provide great potential use cases to power the ecosystem.</p><p>Moreover, the network allows a developer to make a district for free, unlike some other platforms that demand an initial deposit to publish new applications. However, they must make a refundable deposit to be included in the District Registry. A variety of overwhelming districts with various goals and designs have already emerged from this simple access platform.</p><h2 id="header-2">DNT Price Prediction: Price History</h2><p>The DNT token has witnessed remarkable price momentum in the past, and the recent high volatility in the price chart has confused investors with its potential. Hence, it is essential to know DNT’s price history and get a rough idea about its expected future prices. However, it is to be noted that price history is not an indicator of our DNT price prediction.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/47382a149e9645e4a4816032c18c616a.png" /></p><p>The DNT token was launched on 4 August 2017 with a <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> value of $0.015. Since its launch, the token has made an exponential rise as more and more investors started investing in this new token with bullish expectations. Though DNT reached a high of $0.19 on 22 August, it failed to maintain its quick surge and unexpectedly dropped to a bottom level of $0.035 just a month later. However, with sideways trading sessions, the DNT token again spiked by the beginning of January and hit $0.35 on 8 January. DNT then dropped over 200% and formed a crucial support level near $0.05 in April. DNT token continued to trade in a range-bound area until the crypto boom, which took the market to new highs by the end of 2020.</p><p>DNT did not manage to spark a good on the big <a href="https://blockchainreporter.net/altcoins/" rel="noopener noreferrer nofollow">altcoin</a> season we saw in the last quarter of 2021. Three times high of DNT’s 14 November high of $0.187 promised investors a potential future ahead as this was the season where many altcoins soared well past their all-time highs (DNT’s was seen on 19 April, when it hit $0.49). In December, DNT dropped by 11% to $0.165 and further headed down by 19% to $0.133 by 1 January 2022. DNT’s value continued to decline throughout 2022, darting below the $0.10 barrier on 21 January.</p><p>By 1 March 2022, DNT was hovering around $0.074 before surging to $0.086 by April. Due to LUNA’s crash in May, the overall altcoin market went under strong bearish pressure, plunging the DNT token to $0.038 on 13 May. The token further made a decrease as it came after <a href="https://blockchainreporter.net/the-ftx-collapse-what-no-one-is-telling-you/" rel="noopener noreferrer nofollow">FTX’s crash</a>, leading several firms to file for bankruptcy. The token has lost over 40% in the last two months.</p><h2 id="header-3">DNT Price Prediction: Technical Analysis</h2><p>After consecutive bullish trading sessions, the DNT token has been hovering around a downward trajectory for the last three days. As bears have emerged in the DNT price chart with their solid domination, the DNT token is facing trouble holding its upward momentum and is moving near the verge of a crucial support region. Several analysts believe that the DNT token is preparing for a solid bearish storm ahead as a trade below its support level may spark an intense downward retracement in the next few days. Moreover, the recent bullish reports on job growth and interest rate have sent the dollar upward, weakening the crypto market. Looking at the daily price chart, the DNT token made a solid rejection near $0.07 and has significantly made a long bearish candle to the bottom level of $0.033. Hence, our DNT price analysis seeks to bring you the expected market trend with technical indicators to help you guide through a profitable investment plan amid the FUD situation.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/a80539021d7d4f698e926bc51ec10b12.png" /></p><p>According to <a href="https://coinmarketcap.com/currencies/district0x/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the current price of the DNT token trades at $0.034, with a downtrend of over 20% from yesterday’s performance. Our technical analysis of the DNT coin shows that the token is poised for an extended downfall with a bearish divergence if it breaks below the MA slope trend line. Looking at the daily price chart, the DNT token struggles to trade above $0.06 as it continuously faces multiple rejections above this level due to investors’ panicking situation. Our DNT token price analysis shows that this digital asset may find support below the weekly RSI level before sparking fresh surges by the end of the month. Moreover, the DNT token displayed a high rate of fluctuation as its price hovers in the range of $0.07 to $0.03. After weathering the bearish storm of November, the DNT token flashed an impressive bullish trend by forming an ascending channel pattern with several higher highs and lows. However, the asset is currently building momentum to drop below its 31.8% Fib retracement as the Balance of Power (BoP) indicator trades in a bearish region of 0.05, which may push the token to retest its support.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ee6dc9890ab3499fa8e2725742691a9d.png" /></p><p>Though the Stochastic RSI has entered a bearish region as it steeply fell to the level of 29 after DNT made a bearish divergence, the RSI-14 level still trades in a bullish region at 61-level, which signifies more room for a downward rally in the DNT price chart ahead. Moreover, the MACD line intensifies selling pressure as it drops below its signal line with continuous selling zones. Traders should be cautious as a drop in the SMA-14 graph may create a quick price drop for DNT, which may force investors to liquidate their holdings to avoid any massive fund wipe-out. If the DNT token holds above $0.04, it may again spark a fresh uptrend to its Bollinger band’s upper limit of $0.065. Conversely, a severe downtrend is expected if DNT’s price falls below the critical support level of the EMA-20 trend line at $0.028; below this price level, the token may trigger a sharp collapse as it can pave its way to its Bollinger band’s lower limit of $0.016.</p><h2 id="header-4">DNT Price Prediction By BlockchainReporter</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/be2bf7f7285b473499c94dbcf6b7bad7.png" /></p><h3 id="dnt-price-prediction-2023">DNT Price Prediction 2023</h3><p>Our DNT price prediction for 2023 expects a maximum trading price of $0.079, with an average trading price of almost $0.068. DNT crypto might retrace downward with a minimum price of $0.066 by the end of 2023.</p><h3 id="dnt-price-prediction-2024">DNT Price Prediction 2024</h3><p>As the District0x network adds more value to the token by offering multiple technologies to users, the platform is predicted to grow vertically in the future. DNT price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve a maximum price level of $0.12. After that, DNT crypto might record a low of $0.096, with an average trading price of $0.099.</p><h3 id="dnt-price-prediction-2025">DNT Price Prediction 2025</h3><p>Our DNT price prediction for 2025 anticipates a minimum value of $0.14 and a maximum value of $17. In addition, our DNT price forecast for 2025 predicts an average trading of $0.14.</p><h3 id="dnt-price-prediction-2026">DNT Price Prediction 2026</h3><p>DNT may witness a solid pump in 2026 and bring heat among its long-term holders on investment. Our DNT price prediction for 2026 expects a maximum trading price of $0.25 with an average trading price of $0.21. DNT token may trade at a minimum value of $0.21.</p><h3 id="dnt-price-prediction-2027">DNT Price Prediction 2027</h3><p>The <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">crypto market</a> may touch an overwhelming market cap soon and push multiple assets to new highs as it is gearing up for a bullish comeback and is expected to skyrocket in the next few years. Our DNT price prediction for 2027 suggests that it may touch a maximum trading price of $0.36. DNT coin may trade at an average price of $0.31 with a minimum value of $0.30.</p><h3 id="dnt-price-prediction-2028">DNT Price Prediction 2028</h3><p>Our DNT price prediction for 2028 states that it may touch a maximum price of $0.51 and an average trading price of $0.44. The minimum value for the DNT cryptocurrency is predicted to hit $0.42.</p><h3 id="dnt-price-prediction-2029">DNT Price Prediction 2029</h3><p>In the upcoming years, District0x may achieve potential partnerships with its network due to its robust user base that can push its price to the North. Our DNT price prediction for 2029 expects a maximum price for this token to be $0.74 and a minimum price of $0.62. DNT crypto may reach an average value of $0.64.</p><h3 id="dnt-price-prediction-2030">DNT Price Prediction 2030</h3><p>Depending upon the future market sentiments and feedback from the community, DNT crypto can see a maximum price level of $1.06 with an average trading price of $0.89. However, the DNT coin is projected to hit the bottom level at $0.86 by the end of 2030.</p><h3 id="dnt-price-prediction-2031">DNT Price Prediction 2031</h3><p>According to our DNT price analysis, the DNT token may develop a bullish scenario for investors’ portfolios as the team has solid promises ahead. The price of the DNT is projected to reach a maximum price of $1.5, with an average trading price of $1.29. The minimum trading price of DNT is predicted to be $1.24 by the end of 2031.</p><h3 id="dnt-price-prediction-2032">DNT Price Prediction 2032</h3><p>DNT’s price is forecasted to reach a minimum level of $1.68 in 2032. As per our prediction, the DNT price could reach a maximum value of $2.17 with an average forecast price of $1.75.</p><h2 id="header-5">DNT Price Prediction: Experts’ Opinions</h2><p>Digital Coin Price provides a bullish outlook for the DNT token’s future price points, as the website suggests that the price of DNT is expected to surpass the level of $0.0747 in 2024. By the end of the year, district0x is expected to reach a minimum value of $0.0729. In addition, the DNT price is capable of attaining a maximum level of $0.0759. In 2030, DNT may trade above the level of $0.35. By the end of the year, district0x is expected to reach a minimum value of $0.33. In addition, the DNT price may register a maximum level of $0.36.</p><p>The website trading beasts also predicts a favorable long-term return for DNT, hinting at a solid price increase by 2024 as the token can reach a maximum price of $0.09, with an average of $0.07 and a minimum price of $0.06. They also predict that the price may even reach an extreme value by the end of 2025, and the coin’s long-term growth will continue, as its value may reach a maximum price of $0.11 and a minimum price of $0.07, with an average trading value of $0.08.</p><h2 id="header-6">Is DNT A Good Investment? When Should You Buy?</h2><p>Although district0x has not made much publicity about its next goals, its <a href="https://blockchainreporter.net/nft/" rel="noopener noreferrer nofollow">NFT</a> integration can result in a spike in DNT prices in the near future. However, the District0x platform needs to have more press releases, trading activity, and clarified chart trends to get the attention of leading influencers in the crypto market. Our DNT price prediction suggests investing in this token at a price of $0.0245.</p><h2 id="header-7">Conclusion</h2><p>District0x is a project that is looking to revolutionize the way we interact with online communities and marketplaces. By creating a decentralized chain of these communities, District0x promises to create a more efficient and fair system in the crypto space. While the project is still in its early stages, it has a lot of room to disrupt many industries.</p><p>Currently, the project team is developing a bunch of innovative features which will vastly improve district0x’s infrastructure and scaling system. Ultimately, this will make it possible for district0x to build a thriving community and add numerous use cases for DNT, making it a good investment option. However, it is advised to do your own research and conduct good investment advice from experts before investing in the highly volatile market.</p><h2 id="header-8">FAQs</h2><h4>What Problem Does District0x Solve?</h4><p>The district0x network is revolutionizing the way communities collaborate and transact in marketplaces. By leveraging cutting-edge technology, it’s tackling the age-old problem of coordination issues and inefficiencies that have plagued distributed marketplaces. With its innovative tools, district0x is aligning the incentives and decision-making processes of all participants, resulting in a thriving ecosystem that operates independently without the need for a central authority.</p><h4>What is d0xINFRA?</h4><p>d0xINFRA is a game-changer in the world of decentralized technology. This robust framework, built on Ethereum smart contracts and front-end libraries, is the cornerstone of a new era in marketplaces. The district0x team is leading the charge with the creation of Name Bazaar and Meme Factory – the first building blocks of d0xINFRA. This powerful platform empowers other development teams to launch their own unique and thriving district, creating a decentralized future where the possibilities are truly endless.</p><h4>Why the Name District0x?</h4><p>“Districts” represent the building blocks of the network – the marketplaces and communities that make up the heart of this decentralized platform. Meanwhile, the “0x” is a nod to the groundbreaking Ethereum network, with its addresses starting with this iconic prefix. In the world of computer science, the “0x” is widely recognized as the beginning of hash values.</p>

DNT Price Prediction: What Does the Future Hold for District0x?

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Інші статті, опубліковані 14 лют. 2023 р.

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