Newscrypto (NWC) price prediction: Crypto winter ahead?

The global cryptocurrency market has been on a downtrend since the start of 2022. Market leading bitcoin (BTC) has shed about 20% year-to-date (YTD), trading at $38,133 at the time of writing (23 February). Similarly, newscrypto (NWC), a native token of an all-in-one educational trading ecosystem, fell more than 51% YTD, trading at $0.209.

Ethereum’s co-founder Vitalik Buterin warned of a potential crypto winter in an interview with Bloomberg. He stated that such periods are testing moments to determine whether projects are viable. 

“The winters are the time when a lot of those applications fall away and you can see which projects are actually long-term sustainable, like both in their models and in their teams and their people,” said Buterin.

Is this a phase of market volatility, or will newscrypto (NWC) decline further? Let’s consider the project’s fundamentals and latest developments to get a clearer view of a newscrypto coin price prediction.

What is NWC crypto?

NewsCrypto is a comprehensive trading ecosystem that educates both novice and experienced traders. It acts as a worldwide source for the up-to-date news, information, and analytics on the current condition and near-term developments of the world’s main cryptocurrency markets.

The NewsCrypto platform integrates cryptocurrency market data, instructional material, and social elements. The ecosystem consists of professional crypto trading analysis tools, community-focused social features, a payment system, an advertising service, and instructional resources. In addition, the NewsCrypto mobile app complements the platform’s functionality by providing extra features such as trade notifications and gamification.

Moreover, NewsCrypto has built a Stellar – Polygon token bridge in the decentralised finance (DeFi) sector, allowing users to swap their Stellar (XLM) tokens to Polygon, and receive wrapped XLM (wXLM) tokens, which can always be redeemed for the native XLM tokens via the bridge.

NewsCrypto’s target market is the fast increasing crypto sector. The project’s teaching tools aim to make trading easy for everyone and provide users with all the information they need to navigate the crypto field. 

NewsCrypto is an autonomous and self-financing initiative that generates revenue via subscription fees. The NewsCrypto network’s native cryptocurrency, the NWC coin, supports all the network’s transactions. The NWC coin was created on the Stellar blockchain and is currently accessible on Ethereum, Binance Smart Chain (BSC), and Polygon. 

According to the project’s white paper: “NWC tokens are the basis of the internal economic system of NewsCrypto and are used to access premium services implemented on the platform and (in the near future) to automatically copy the trades of professional traders on the NewsCrypto Copy Trading Platform. They serve as a special unit of account and are used to pay platform fees.”

NWC coin news and price drivers

The project has undergone a number of significant milestones and developments lately, which may drive the newscrypto token price.

Launch of NewsCrypto platform 3.0

In September 2021, the NewsCrypto platform released version 3.0. The revamped platform includes a new feature called the Unchained Education Hub, which serves as a platform for instructors and analysts from across the globe to contribute their knowledge and skills in various subjects.

NewsCrypto adds a slew of new tools with enhanced functionality and a smoother UI. The tools are divided into two categories: basic tools, suitable for all users, from beginners to experts, and professional tools, which enable users to boost things up and differentiate their crypto trading abilities from the competition.

Additionally, professional tools now include additional patented capabilities such as the AI Sentiment Price Prediction tool, which analyses all available sentiment data and then forecasts the most probable price for a specified duration.

Partnership with Elrond

NewsCrypto partnered with Elrond, a platform for smart contracts, in September 2021. As a result of this collaboration, both teams developed an instructional campaign targeted at educating everyone from crypto newcomers to veterans about scalability, sharding, and sustainability, as well as why these features of crypto are critical moving ahead.

Additionally, the NWC token became accessible on the Elrond blockchain, and NewsCrypto collaborated with the Elrond team to develop new solutions for capitalising the network and expanding its spectrum of DeFi protocols.

Integration of Chainlink’s proof of reserve for polygon bridge

In August 2021, NewsCrypto announced plans to incorporate Chainlink’s proof of reserve for polygon bridge into its cross-chain DeFi network, enhancing security and interoperability.

As a result of this partnership, holders of NWS tokens can safely transfer funds to Polygon, where they can invest in the rapidly growing DeFi projects by trading or providing liquidity on decentralised exchanges (DEXs).

Launch of Copy Trading platform

In July 2021, NewsCrypto released Copy Trading. This trading platform requires no prior expertise or experience in cryptocurrency trading. It could be useful when users need sophisticated expertise of skilled traders.

Copy Trading automatically invests the amount of money users choose into their positions based on traders they follow, allowing both the follower and the trader to benefit. The public can access a trader’s profit and loss statement, enabling users to choose which trader to follow based on the trader’s performance.

It also provides a chance for less-known traders to establish a reputation in the crypto industry by maintaining a favourable profit and loss ratio.

Launch of NewsCryptoVerse, a Metaverse

NewsCrypto announced the launch of its metaverse, called NewsCryptoVerse, in December 2021. Its digital space is structured around five basic verticals: trade, education, entertainment, and networking, as well as a marketplace that will include four primary offerings for its metaverse users.

The initial product is a virtual office that users can customise with their trading tools, personalised aesthetics, and earned credentials.

The second product is a digital classroom that will enable users to enrol in the project’s academy, participate in interactive courses, webinars, and seminars, and conduct one-on-one live sessions with industry specialists.

The third product is a trading simulator that includes all of the features of a standard trading simulator and allows users to test and optimise their trading methods risk-free.

NewsCryptoVerse’s final product is a non-fungible token (NFT) marketplace and a battlefield where users can purchase, trade, and exchange NFTs, as well as engage in play-to-earn activities.

NWC/USD price analysis

Since its inception, NWC has generated a ROI of 693%, according to CoinMarketCap as of 23 February.

Based on the earliest available price data from 2019, the NWS token fell from $0.032 on 7 November to an all-time low of $0.016 on 13 November. It closed the year at $0.02 on 31 December.

NWC token’s price action turned extremely bullish at the start of 2020. Its price spiked from $0.021 on 1 January to $0.267 on 2 September, a massive increase of 1,171%. The trend reversed and the NWC token fell to $0.186 on 6 October. It closed the year at $0.159 on 31 December.

During the onset of 2021, the NWC token spiked from $0.179 on 1 January to $2.129 on 3 May, a rise of nearly 1,090% in about four months. However, the rally ended and the token fell to $0.44 on 20 July. It closed the year at $0.409.

The NWC token’s price action has been bearish since the start of 2022, and it declined to a 90-day low of $0.192 on 22 February. At the time of writing (23 February), NWC was trading at $0.209 with a market capitalisation of $31m.

Newscrypto (NWC) price prediction: Targets for 2022, 2025 and 2030

According to CoinCodex’s technical analysis, short-term sentiment for the coin was bearish, with 24 indicators showing bearish signals and six bullish as of 23 February 2022. 

All the daily and weekly simple moving averages (SMA) and exponential moving averages (EMA) gave sell signals. The Hull moving average (HMA) and volume-weighted moving averages (VWMA) were also bearish.

The stochastic fast, relative strength index (RSI) and Williams percentage range gave buy signals. Meanwhile, the moving average convergence divergence (MACD) and average directional index (ADX) were neutral.

The NWC crypto price prediction from CoinCodex suggested the price could rise 2.28% to $0.219 by 28 February 2022.

Speculating on the future newscrypto token price, algorithm-based forecasters shared mixed long-term projections as of 23 February:

• According to Wallet Investor, the coin’s average price could reach $0.223 by the end of 2022 and fall to $0.087 by 2025. In addition, the five-year estimate for NWC/USD indicated that it could further decline to 0.015 in February 2027.

• The NWC forecast from Digital Coin suggested the average price in 2022 could be $0.30, moving up to $0.35 in 2023, $0.47 in 2025 and $1.03 in 2030.

• Similarly, Price Prediction estimated the average NWC price could reach $0.29 in 2022, $0.91 in 2025 and hit $6.63 in 2030.

When looking for NWC crypto price prediction, bear in mind that analysts’ and algorithm-based targets can be wrong. These projections are based on fundamental and technical studies of the NWC token’s past performance. Past performance is no guarantee of future results.

It’s essential to do your own research and always remember your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio and how comfortable you feel about losing money. You should never invest money that you cannot afford to lose.

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