Naga coin for social finance is being developed as a cryptocurrency. It is the major fuel source for Naga traders, Naga DeFi, and Naga social betting, letting people decrease costs, establishing smart contracts for copy trading, and much more.
A socially upgraded financial system that connects personal finance and investment in a single, seamless experience is also available. An all-in-one solution that’s accessible and inclusive is the goal of Naga’s team.
What is the Naga coin? NGC explained
The decentralized cryptocurrency, Naga coin (NGC), aspires to close the deviations between traditional financial markets and the digital age. The NAGA Group AG, a publicly-traded German fintech company, is backing the project. NGC was released on December 17th, 2017, after raising $50 million in an initial coin offering (ICO) from 63,000 people.
The founders of Naga Network
The token is based on Ethereum (ERC20). Roger Ver, Miko Matsumura, and Guy Ben-Artzi, the founder of Bancor, are among the token’s notable backers.
Naga: Is it a good investment?
NAGA is a platform that allows users to invest in and manage a wide range of financial products, including digital assets, cryptocurrency, shares, and others. Furthermore, it focuses on distributing vital financial learning via its dedicated education platform for students. The NAGA Ecosystem was designed with accessibility in mind, allowing users of all levels of expertise to access the most popular financial products. It is the crypto-token that drives the entire ecosystem and serves as a tool of value exchange.
The NAGA coin has the edge over others because of its uses, durability, and brand equity. Another advantage is that only a fraction of their intended applications have been executed compared to other altcoins and cryptocurrencies on the market. The NAGA platform has honored its promise to the community by providing the infrastructure needed for the token to function correctly. The NAGA currency can store, transfer, and send major cryptocurrencies like Bitcoin (BTC), Ether (ETH), and Ripple (XRP).
Finally, the Naga group AG, a German fintech business registered on the Frankfurt Stock Exchange, completed the fastest German IPO in the last 15 years. It is currently trading at 400% of the issue price.
The Naga coin price prediction for 2022 seems strongly bullish as the coin soars to 0.5766. It has violated the descending triangle pattern and has closed the “3 white soldiers” candlestick pattern. All of these technical indicators are signaling a strong bullish bias in Naga.
What will the Naga coin be worth in 2022?
It is expected to continue gaining popularity, and this will help boost the PAC Protocol’s price in the next few years. Therefore, its price is expected to soar to around $1.16 by the end of 2022. For December 2022, the average NAGA price is expected to be $1.17. The Naga coin price forecast for December 2022 is $1.16, representing an 8% increase from the previous month.
Naga price prediction for 2022
The NGC/USDT has entered the overbought zone and completed a 1.618% Fibonacci extension in the weekly time frame. The RSI and stochastics hold above 80, and the Naga coin is closing candles below the 0.6067 level; the odds of a bearish correction remain imminent. Therefore, the beginning of 2022 could drive a slight bearish movement until the 0.4613 level before showing a further bullish trend.
On the bullish side, the breakout of the 0.6059 level exposes the Naga coin towards a 2.618% extension level of 0.8416. Lastly, the next resistance will stay at the 1.0765 level, extended by the 3.618% Fibo extension mark.
How to buy a Naga coin?
If you’re wondering where and how to purchase NAGA, the top cryptocurrency exchanges right now are HitBTC, Uniswap (V2), and Bittrex.
If you are a newbie, follow these steps:
- Step 1
Create an account with an exchange like HitBTC, Uniswap, or Bittrex. Regardless of the choices mentioned above, the first step is to register with HitBTC or any other exchange that offers Naga coins.
- Step 2
Purchase Bitcoin to exchange it for Naga coins.
- Step 3
Use the exchange to convert Bitcoin into Naga.