0
0
Key takeaways:
District0x (DNT) is a player in the decentralized web space, offering a network of marketplaces and communities known as “districts.” As a platform built on Ethereum, it utilizes a suite of governance tools and Ethereum’s smart contracts to empower users to deploy districts autonomously. With its utility token, DNT, users participate in open, decentralized marketplaces without a centralized authority.
Investing in DNT requires understanding market trends, technological advancements within the ecosystem, and broader economic factors. Let’s delve into the DNT technical analysis, future price movements, and expert opinions.
| Cryptocurrency | District0x |
| Ticker | DNT |
| Current price | $0.03515 |
| Market cap | $35,150,328 |
| Trading volume | $388,169 |
| Circulating supply | 1,000,000,000 |
| All-time high | $0.4964 (Apr 19, 2021) |
| All-time low | $0.002183 (Mar 12, 2020) |
| 24-hour high | $0.03576 |
| 24-hour low | $0.03449 |
| Metric | Value |
| Volatility (30-day variation) | 8.02% |
| Price Prediction | $ 0.033572 (-4.25%) |
| 50-day SMA | $0.03984 |
| 200-day SMA | $0.063038 |
| Sentiment | Bearish |
| Fear and greed index | 25 (Extreme Fear) |
| Green days | 9/30 (30%) |
TL;DR Breakdown
The District0x price analysis for August 19 shows a slight upward movement in the early hours, where the price briefly spiked above $0.0385. However, the price stabilized and fluctuated within a narrow range between $0.0360 and $0.0380 throughout the day, eventually closing at around $0.0370. The overall price action suggests a neutral to slightly bullish sentiment, as the price maintained stability after the initial spike.
The 1-day District0x price analysis displays a bullish trend, with the price gradually moving upward from its previous lows and is currently trident at around $0.0370. Despite some fluctuations, the overall trajectory suggests a positive momentum as the price consolidates near this level, indicating the potential for further gains if buying pressure increases.
The RSI is currently at 46.33, which is in the neutral zone. This suggests that DNT is neither overbought nor oversold at the moment. The MACD indicator is currently showing a weak bullish signal. The MACD line is slightly above the signal line, but both are close to the zero line, indicating minimal momentum in either direction.
The 4-hour District0x price analysis shows a predominantly sideways movement in price, with some minor fluctuations within a relatively narrow range. The price has been hovering around the $0.0360 to $0.0370 range, with occasional spikes slightly above or below this level. There is no clear upward or downward trend, indicating that the market is in consolidation.
The MACD indicator shows a slight bullish crossover, where the MACD line is crossing above the signal line, suggesting a potential shift toward upward momentum. The Relative Strength Index (RSI) is currently at 54.37, indicating that the asset is neither overbought nor oversold. This neutral position suggests that there is currently no strong buying or selling pressure, supporting the idea of consolidation observed in the price action.
In conclusion, District0x shows signs of a potential bullish trend, with the price stabilizing around $0.0370 and indicators like the MACD hinting at a possible upward momentum. While the bullish signals are still modest, the market appears to be in a consolidation phase, with the potential for further gains if buying pressure increases. The RSI remains neutral, suggesting there is room for upward movement without the risk of the asset being overbought. Overall, the outlook is cautiously optimistic, with the possibility of a continued bullish trend if favorable conditions persist.
| Period | Value | Action |
| SMA 3 | $ 0.035918$ 0.063116 | SELL |
| SMA 5 | $ 0.036049 | SELL |
| SMA 10 | $ 0.03575 | SELL |
| SMA 21 | $ 0.038246 | SELL |
| SMA 50 | $ 0.03984 | SELL |
| SMA 100 | $ 0.063116 | SELL |
| SMA 200 | $ 0.063038 | SELL |
| Period | Value | Action |
| EMA 3 | $ 0.035822 | SELL |
| EMA 5 | $ 0.035923 | SELL |
| EMA 10 | $ 0.036411 | SELL |
| EMA 21 | $ 0.037948 | SELL |
| EMA 50 | $ 0.044684 | SELL |
| EMA 100 | $ 0.053835 | SELL |
| EMA 200 | $ 0.056097 | SELL |
District0x is currently not considered a good investment based on recent technical indicators. The sentiment is Bearish, with the Fear & Greed Index reflecting a 25 score, indicating Fear in the cryptocurrency market. District0x has shown only 33% green days in the last 30 days, accompanied by an 8.06% drop in price volatility, and its value has dropped by -1.9864% in the last 24 hours. This suggests that investing in district0x might not be favorable, especially for those with lower risk tolerance. However, the final investment decision should align with your trading goals and risk appetite.
The price has struggled to maintain stability, with several sharp drops indicating possible sell-offs or lack of buyer support; therefore, the recovery of District0x appears uncertain in the short term. For District0x to recover, it would need a significant shift in market sentiment trends, renewed investor confidence, and possibly positive news or developments related to the project.
It seems unlikely that District0x (DNT) will rise to reach $1 in the near term. The price is currently around $0.0351, which is significantly lower than the $1 target. This shows a downward trend with considerable volatility, indicating that the market is not supporting a strong upward movement.
It is highly unlikely to predict that DNT will reach $10. The price is currently around $0.0351, significantly lower than the $10 target, representing an enormous increase requiring unprecedented demand growth.
Given historical data, of the current price of District0x (DNT) around $0.0351 and the observed market conditions, we expect that it is extremely unlikely that DNT will reach $100.
DNT shows a downward trend with volatility, long-term future appears uncertain. The current price action suggests challenges in maintaining stable growth; the risks and the current sentiment of lack of upward momentum could indicate difficulties in achieving sustained asset value appreciation.
The price of district0x in August is predicted to reach a minimum value of $0.03518, a maximum value of $0.04190, and an average trading price of $0.03812.
| Month | Potential low | Potential average | Potential high |
| August | $0.03518 | $0.03812 | $0.04190 |
The District0x price prediction for 2024 suggests that DNT could reach a maximum value of $0.0681, a minimum value of $0.0681, and an average trading price of $0.0711.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2024 | 0.0681 | 0.0711 | 0.0755 |
| Year | Minimum | Average | Maximum |
| 2025 | $0.1024 | $0.1053 | $0.1215 |
| 2026 | $0.1533 | $0.1575 | $0.1755 |
| 2027 | $0.2181 | $0.2244 | $0.2605 |
| 2028 | $0.3235 | $0.3325 | $0.3782 |
| 2029 | $0.4808 | $0.4974 | $0.5751 |
| 2030 | $0.6888 | $0.7087 | $0.8159 |
The price of district0x is expected to reach a minimum level of $0.1024 in 2025. Experts suggest a maximum price of $0.1215 and an average price of $0.1053.
According to the district0x price prediction for 2026, traders can anticipate a minimum price of $0.1533, a maximum price of $0.1755, and an average forecast price of $0.1575.
In 2027 the price of district0x is expected to trade at a minimum price value of $0.2181, a maximum price value of $0.2605, and an average value of $0.2244.
In 2028, the price of district0x is predicted to reach a maximum value of $0.3782, a minimum value of $0.3235, and an average trading price next week of $0.3325.
In 2029, the price of district0x is forecasted to be at around a minimum value of $0.4808, a maximum price of $0.5751 and an average value of $0.4974.
The price of district0x is predicted to reach a minimum value of $0.6888 in 2030. Investors and traders can expect a maximum value of $0.8159 and an average trading price of $0.7087.
| Firm | 2024 | 2025 |
| Digitalcoinprice | $0.0769 | $0.0911 |
| Changelly | $0.0643 | $0.0821 |
| Gate.io | $0.0718 | $0.090 |
Our predictions show that District0x will reach a maximum price of $0.0725 in 2024. In 2025, the DNT price will range between $0.1084 and $0.1195. In 2030, District0x will range between $0.6780 and $0.7929, with an average price of $0.7018. Note that these predictions are not investment advice, seek independent professional consultation.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
1
0
