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 decentralized and autonomous organizations (DAOs). As several companies are focused on building a smooth web3 ecosystem, 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 blockchain solution. Our District0x 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.
District0x: A Vast Potential
District0x is a decentralized marketplace powered by Ethereum. 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.
The idea of District0x 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 District0x price prediction better.
|Price Change 24h||+5.31%|
|Circulating Supply||600,000,000 DNT|
|All time high||$0.4964|
|All time low||$0.002183|
District0x (DNT): Roadmap And Features
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.”
The whitepaper states, “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.”
The native token of the District0x network is DNT which is an ERC-20 token 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 smart contracts and libraries with which users may develop their districts and provide great potential use cases to power the ecosystem.
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.
District0x Price Prediction: Price History
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 District0x price prediction.
The DNT token was launched on 4 August 2017 with a trading value of $0.015. Since its launch, the token 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.
DNT did not manage to spark a good on the big altcoin 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.
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 over FTX’s crash, leading several firms to file for bankruptcy. The token has lost over 40% in the last two months.
District0x Price Prediction: Technical Analysis
The District0x token has maintained a stable recovery rally over the last few days, and it can soon pump to a new monthly high if it breaks above its strong resistance levels ahead in the price chart. However, a price barrier may create trouble as FTX’s collapse led several firms to file for bankruptcy, creating intense selling pressure in the altcoin market. Hence, our District0x price prediction aims to bring you an in-depth technical analysis using professional technical indicators to guide you through a profitable investment plan amid the market’s FUD situation.
According to CoinMarketCap, the current price of the DNT token trades at $0.022, with an uptrend of 5.3% from yesterday’s performance. Our DNT crypto technical analysis reveals that this digital asset may soon pump and bring a bullish ROI for investors after breaking above its current range-bound zone. Looking at the daily price chart, the DNT token struggles to trade above the EMA-100 trend line at $0.024 as the current bearish sentiments build an uncertain situation in the District0x price chart. Our DNT price analysis signifies a recovery market trajectory, which means the asset is currently moving around a stable region after pulling itself out of the recent market turmoil. Moreover, the DNT community has been experiencing less volatility recently, with prices fluctuating between $0.0197 and $0.0232 over the past few days. The DNT token has formed a falling wedge pattern and built a support region at $0.0178, from which the coin is making a slight upward retracement to its 31.8% Fib retracement. The Balance of Power (BoP) indicator trades in a bullish region of 0.4, which may push the DNT token to test its support near EMA-100.
The Stochastic RSI is heading toward an overbought region as it currently trades at 71-level with the RSI-14 trend line at 62, which may soon bring a downward correction for the DNT token to its 23.6% Fib level. However, the MACD line gives relief to investors as it brings back bulls’ dominance amid the FUD market situation by holding its momentum above the signal line. Moreover, the SMA-14 continues to trade exponentially to 54 with the weekly RSI level, which may spark more surges before facing a rejection above EMA-100. However, traders should be warned as a downward correction is forecasted if DNT becomes a target of the bulls’ trap, which may bring a market cooldown after the recent price surge. If the DNT token holds above its EMA-100 trend line at $0.0242, it may spark a fresh uptrend to its Bollinger band’s upper limit of $0.0318. If the DNT token’s price trades above $0.0341, it can make an attempt to break its crucial resistance of EMA-200 at $0.03518. Conversely, a sudden downfall is expected if DNT’s price drops below the critical support level of $0.0179; 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 $0.0126. If the DNT token fails to hold above $0.0117, it may go for a more bearish bloodbath and trade near $0.00985.
District0x Price Prediction By BlockchainReporter
District0x Price Prediction 2023
Our District0x price prediction for 2023 expects a maximum trading price of $0.034, with an average trading price of almost $0.029. District0x might retrace downward with a minimum price of $0.028 by the end of 2023.
District0x Price Prediction 2024
As the DNT network adds more value to the token by offering multiple technologies to users, the platform is predicted to grow vertically in the future. District0x price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve a maximum price level of $0.049. After that, DNT crypto might record a low of $0.04, with an average trading price of $0.041.
District0x Price Prediction 2025
Our District0x price prediction for 2025 anticipates a minimum value of $0.058 and a maximum value of $0.07. In addition, our District0x price forecast for 2025 predicts an average trading price of $0.06.
District0x Price Prediction 2026
District0x may witness a solid pump in 2026 and bring heat among its long-term holders on investment. Our District0x price prediction for 2026 expects a maximum trading price of $0.1 with an average trading price of $0.088. District0x may trade at a minimum value of $0.085.
District0x Price Prediction 2027
The crypto market 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 District0x price prediction for 2027 suggests that it may touch a maximum trading price of $0.15. District0x may trade at an average price of $0.13 with a minimum value of $0.13.
District0x Price Prediction 2028
Our District0x price prediction for 2028 states that it may touch a maximum price of $0.22 and an average trading price of $0.19. The minimum value for the DNT cryptocurrency is predicted to hit $0.19.
District0x Price Prediction 2029
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 District0x price prediction for 2029 expects a maximum price for this token to be $0.33 and a minimum price of $0.28. DNT crypto may reach an average value of $0.29.
District0x Price Prediction 2030
Depending upon the future market sentiments and feedback from the community, District0x can see a maximum price level of $0.49 with an average trading price of $0.42. However, the District0x is projected to hit the bottom level at $0.4 by the end of 2030.
District0x Price Prediction 2031
According to our District0x price analysis, the DNT token may develop a bullish scenario for investors’ portfolios as the team has solid promises ahead. The price of the District0x is projected to reach a maximum price value of $0.69, with an average trading price of $0.61. The minimum trading price of District0x is predicted to be $0.6 by the end of 2031.
District0x Price Prediction 2032
District0x’s price is forecasted to reach a minimum level of $0.84 in 2032. As per our prediction, the District0x price could reach a maximum value of $1.02 with an average forecast price of $0.87.
District0x Price Prediction: Experts’ Opinions
Digital Coin Price provides a bullish for the DNT token’s future price points as the website suggests that the price of DNT is expected to surpass the level of $0.0470 in 2024. By the end of the year, district0x is expected to reach a minimum value of $0.0458. In addition, the DNT price is capable of attaining a maximum level of $0.0477. In 2030, DNT may trade above the level of $0.22. By the end of the year, district0x is expected to reach a minimum value of $0.21. In addition, the DNT price may register a maximum level of $0.22.
The website trading beasts also predicts a favorable long-term return for DNT, hinting at a price increase by 2024 as the token can reach a maximum price of $0.053, with an average of $0.046 and a minimum price of $0.045. They also predict that the price may even reach a solid value by the end of 2025 and the coin’s long-term growth will continue, and its value may reach a maximum price of $0.53 and a minimum price of $0.45, with an average trading value of $0.44 by 2030.
Is District0x A Good Investment? When Should You Buy?
Although district0x has not made much publicity about its next goals, its NFT 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 District0x price prediction suggests investing in this token at a price of $0.0171.
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.
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.