- Bullish SPACE ID price prediction ranges from $0.6037 to $0.6234.
- SPACE ID price might reach $1 soon.
- SPACE ID bearish market price prediction for 2023 is $0.4068.
It is evident from the interaction of the community that the demand for Web3 is rising. To meet this demand, SPACE ID was formed with the aim of becoming a universal name service network for decentralized identity and various Web3 name services. These decentralized identities, as claimed by SPACE ID, could be used across multiple dApps and blockchain networks.
ID is the governance token of SPACE ID, enabling the community to partake in the decision-making process of the network. The ID token was built to help in the growth and sustainability of the SPACE ID ecosystem.
Moreover, the community has taken a keen interest in ID since its launch. However, it still remains a question regarding SPACE ID’s future as time moves forward.
If you are curious about SPACE ID (ID)’s future, and ID’s price forecast and analysis for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition’s price prediction article.
Table of contents
- SPACE ID Market Overview
- What is SPACE ID (ID)?
- Analyst View on SPACE ID
- SPACE ID Current Market Status
- SPACE ID Price Analysis 2023
- SPACE ID Price Prediction 2023 – 2030 Overview
- SPACE ID Price Prediction 2023
- SPACE ID Price Prediction 2024
- SPACE ID Price Prediction 2025
- SPACE ID Price Prediction 2026
- SPACE ID Price Prediction 2027
- SPACE ID Price Prediction 2028
- SPACE ID Price Prediction 2029
- SPACE ID Price Prediction 2030
- SPACE ID Price Prediction 2040
- SPACE ID Price Prediction 2050
SPACE ID Market Overview
|🪙 Name||SPACE ID|
|📊 Price Change (1h)||-1.09007 %|
|📊 Price Change (24h)||-3.85228 %|
|📊 Price Change (7d)||-1.17034 %|
|💵 Market Cap||$136324861|
|📈 All Time High||$1.034|
|📉 All Time Low||$0.388601|
|💸 Circulating Supply||286000000 id|
|💰 Total Supply||2000000000 id|
What is SPACE ID (ID)?
SPACE ID was formed to act as a universal name service network to meet the rising demands for decentralized identity and various Web3 name services. These decentralized identities could be used across multiple dApps and blockchain networks and have proven to be an essential key factor for the revolutionary Web3 age.
ID is the governance token of SPACE ID, enabling the community to partake in the decision-making process of the network. As the native token of the SPACE ID ecosystem, ID has three functions such as staking, payments, and governance. The ID token was built to help in the growth and sustainability of the SPACE ID ecosystem.
SPACE ID is a one-stop web3 domain and identity platform, enabling users to discover, register, trade, and manage web3 domains. As explained by SPACE ID, this name service network will also include a web3 name SDK and API for developers, along with a multi-chain name service.
Space IDs is powered by an ad hoc blockchain called “Lucas,” allowing users to easily bridge and store data across various chain. Moreover, the SPACE ID protocol supports multiple top-level domains (TLDs) such as .eth, .bnb, and .arb and enables the community to launch their very own custom TLDs.
The Space ID DAO will be utilized to govern its protocol and platform. The native token of the SPACE ID ecosystem, ID, can be used for staking, payments, and for governance. Moreover, ID helps users to navigate and take advantage of the various features of the SPACE ID ecosystem and easily manage their digital identities.
Analyst View on SPACE ID
Since the launch of SPACE ID’s native taken, the crypto community has shown a keen interest in ID. Binance’s launchpad for SPACE ID tokens received over $2.8 billion in BNB commitments in just 48 hours, as reported by Changpeng Zhao, the founder of Binance.
Furthermore, CoinGecko, a crypto data aggregator, announced on Friday that SPACE ID was ranked second as the top trending coins list. This could indicate that the crypto community was looking forward to ID’s launch and the features it could offer for the futuristic Web3 world.
SPACE ID Current Market Status
After its recent launch, ID already ranked in the 167 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of SPACE ID’s native token is at 304,486,111 ID, while its total supply is 2,000,000,000.
Moreover, ID is priced at $0.4922, experiencing an 8.68% spike in seven days. With a market cap of $149,850,931, ID is also experiencing a 0.48% surge in 24 hours. It was observed that ID had a huge demand initially and continues to be in the traders’ spotlight as the trading volume, valued at $86,982,256, experienced a surge of 1.96% in one day, indicating that investors’ demand for this token is gradually rising.
Some of the crypto exchanges for trading ID are currently Binance, KuCoin, Bybit, Bitrue, and CoinW. However, traders should note that over time ID could be available across many other top crypto exchanges.
Now, let’s dive further and discuss the price analysis of SPACE ID’s native token, ID, for 2023.
SPACE ID Price Analysis 2023
After SPACE ID (ID) became popular during its launch, its native token faced a fall. However, will SPACE ID (ID) new developments in its ecosystem and protocol create a surge in ID’s price in 2023? Read more to find out about SPACE ID 2023 price analysis.
SPACE ID Price Analysis – Bollinger Bands
The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.
Looking at the charts, ID experienced a massive surge and it was observed that one of the driving factors for the altcoins uptrend was due to the rising demand of traders. After experiencing a Huge Demand Spike event, ID faced a price correction that led it below the $0.6 level. The price correction observed after the gigantic spike made ID fall into the oversold region.
However, ID experienced another price correction, making the altcoin trade at the same level before its Huge Demand Spike event. Currently, the upper and lower band is positioned horizontally, indicating that ID could witness a period of consolidation for some time. If the bands start to expand, there is a high chance that ID could face a trend reversal and fall into the bottom half of the Bollinger Bands.
SPACE ID Price Analysis – Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.
The RSI is currently valued at 52.33, which is considered a strong trend region. Moreover, the RSI is above the SMA, which many traders consider a bullish sign. However, the RSI is pointed downwards, indicating that there is a chance that the RSI could fall below the SMA, thus, entering the Weak trend region valued between 50 and 30.
Looking at the previous sentiment, the RSI touched the oversold region many times. Meanwhile, the RSI only touched the overbought region only a few times. Currently, it will take some time before the RSI touches the overbought or the oversold region.
SPACE ID Price Analysis – Moving Average
During the price correction, the bearish trend confirmation was received after the formation of the Death Cross. However, a Golden Cross also formed midway, which is considered as a fake signal for bullish trends. ID continued to fall after forming another death cross, immediately.
Currently, the MA indicators show signs of consolidation, even though, cross-overs happened. There is a high probability that a real Golden Cross could be formed if ID faces a slight fall. Since 50MA crossed below 200, there is a high possibility that if ID continued to face a slight downtrend for some time, it would experience a golden cross soon.
SPACE ID Price Analysis – Moving Average Convergence Divergence
The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.
Looking at the charts, the MACD line is currently above the signal line, which is considered a positive sign. Normally, the MACD line above the signal indicates a bullish trend. However, the distance between the MACD line and the signal line is reducing and the green bars on the histogram are reducing also. This is an indication that the slight uptrend could end soon. However, there is a potential that if ID faces a bearish signal, it would recover soon.
SPACE ID Price Prediction 2023 – 2030 Overview
|Year||Minimum Price||Average Price||Maximum Price|
SPACE ID Price Prediction 2023
Looking at the charts, ID is currently struggling to stay afloat 200MA. Moreover, a double-bottom pattern is formed, which is considered a positive sign as an uptrend could happen soon. If ID follows the pattern of the double bottom, then, there is a high possibility that it could climb towards the Resistance region. The ADX is also 20.30, indicating that the trend’s strength is weak as it is valued below 25. Moreover, the MACD line is above the signal line, indicating that ID is experiencing an uptrend.
However, the MACD line is pointed downwards, indicating that the candlesticks could fall below the signal line. Ultimately, indicators show that ID could face a fall over time, however, this is a necessary fall that could boost the altcoins upwards. When this happens, ID could reach the Resistance region soon.
Meanwhile, the forecast for ID remains to be bullish and is expected to reach beyond the level of $0.6234. The bearish price prediction for ID ranges from 0.4068 to $0.4465. If ID experiences an extremely bullish sentiment again, there is a high possibility that it trade beyond the level of $1.
|Bullish Price Prediction||Bearish Price Prediction|
|$0.6037 – $0.6234||$0.4068 – $0.4465|
SPACE ID Price Prediction 2024
Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. ID could also be affected by Bitcoin halving and could trade beyond the price of $3.15 by the end of 2024.
SPACE ID Price Prediction 2025
ID could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ID will continue to rise in 2025 forming new resistance levels. It is expected that ID would trade beyond the $5.56 level.
SPACE ID Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, ID could tumble into its support regions of $4.27. However, when ID remains in the oversold region, there could be a price correction soon. ID, by the end of 2026, could be trading beyond the $6 resistance level after experiencing the price correction.
SPACE ID Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. ID is expected to rise after its slumber in the bear season. Moreover, ID could even break more resistance levels as it continues to recover from the bearish run. Therefore, ID is expected to trade at $6.89 by the end of 2027.
SPACE ID Price Prediction 2028
Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, ID will continue to form new higher highs and is expected to move in an upward trajectory. Hence, ID would be trading at $8.90 after experiencing a massive surge by the end of 2028.
SPACE ID Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ID could be trading at $9.75 by the end of 2029.
SPACE ID Price Prediction 2030
After witnessing a bullish run in the market, ID and many altcoins would show signs of consolidation and might trade sideways for some time, while experiencing minor spikes. Therefore, by the end of 2030, ID could be trading at $10.75.
SPACE ID Price Prediction 2040
The long-term forecast for ID indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, ID may face a slight fall before starting its upward journey once again. It is expected that the average price of ID could reach $21.87 by 2040.
SPACE ID Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ID could surpass the resistance level of $30.
If investors continue to show a keen interest in ID, this altcoin could continue to move in its bullish trajectory. ID’s bullish price prediction shows that it could cross beyond the $1 resistance level by 2023. Moreover, ID could trade beyond the $30 region if traders believe this is a great investment, along with Bitcoin (BTC) and Ethereum(ETH).
SPACE ID is a one-stop web3 domain and identity platform, enabling users to discover, register, trade, and manage web3 domains.
SPACE ID can be traded on many exchanges like other digital assets. Binance, Bybit, Bitrue, and CoinW are some exchanges that trade ID.
ID is one of the trending tokens and if it manages to break above the present $0.4 momentum, then, it has the potential to hit $10 by 2030.
Since ID is still relatively new and has proved that investors are showing a huge demand, this altcoin has the potential to become one of the best investments in 2023. Moreover, its current trend could break the resistance levels forming new higher highs.
The lowest price of ID is $0.3859.
ID was launched in 2023
ID can be stored in a hot wallet, cold wallet, or exchange wallet.
ID is expected to reach $1 by 2023.
ID is expected to reach $3 by 2024.
ID is expected to reach $5.56 by 2025.
ID is expected to trade beyond the $6 level.
ID is expected to reach $6.89 by 2027.
ID is expected to reach $8.90 in 2028.
ID is expected to reach $9.75 by 2029.
ID is expected to reach $10.75 by 2030.
ID is expected to reach $21.87 by 2040.
ID is expected to trade beyond the $30 resistance level.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.