Nimiq (NIM) is a secure, simple, and censorship-resistant cryptocurrency. This blockchain technology is inspired by Bitcoin, but it is designed to run in the browser. The cutting-edge encryption technology used in Nimiq protocol and never compromises on decentralization and censorship resistance. Nimiq was co-funded in 2017 by two engineer and Silicon Valley entrepreneurs, Philip von Styp-Rekowsky and Elion Chin.
As a native token of Nimiq, NIM acts as a store and transfer of value within the Nimiq payment systems. The transaction fee in NIM is less than a cent. 2% of the final NIM supply has been allocated to the Nimiq charity, which has the sole purpose of supporting projects of high social and ecological impact. Nimiq focus is on ease of use and simplicity. The transparent of the project is the strength of this project.
Nimiq is a censorship resistance payment protocol that is native to the Web. For other blockchains like Etherum and Bitcoin, the browser needs to connect to a node in order to access the blockchain network. At first glance, it may seem simply impractical to set up your node as this requires hardware and a significant amount of technical knowledge. This means most users are dependent on other nodes to access the Bitcoin or Eatherium networks. However, with Nimiq, the browser actually becomes a node in the Nimiq blockchain network. So, anyone using web browsers like Brave, Chrome, and Firefox, and Safari can run the Nimiq node. This lack of reliance on third parties makes Nimiq a very censorship resistance currency.
Nimiq currently uses the proof-of-work consensus with something called Non- Interactive Proofs of Proof-of-Work (NIPoPoW). Even on a mobile device, this allows for super lightweight nodes to reach consensus in just seconds. The project’s dedication to simplicity means that Nimiq has intentionally chosen not to have a scripting language. However, a good level of interoperability with other blockchains is one of the main features of the Namiq blockchain. Hash Time-Locked Contracts or HTLC is also supported by the Nimiq protocol. These HTLC have been used to create Vesting Contracts to lock up NIM for team members. This shows their long-term commitment to the project!
Based on Nimiq's market cap chart, it is obvious that an overall declining trend happened between July 2021, to mid-September, NIM's market capitalization rank saw a sharp jump from September 12 up to the time of writing this post (10/28/2021), rising from the rank of 700 to the rank of 548. Impressive!
The price also saw a similar jump over the same period, going up from $0.0038 to $0.0086. However, NIM's liquidity score is 25% below the market's average score, which means that you might face some difficulties selling NIM in bear markets. It is worth mentioning that All-Time High was $0.0150 and All-Time Low was reported $0.00028. Also, the NIM's price growth over the last year was +210.9%. The overall market cap is reported as $69,708,285 and its growth was 209.5% over last year.
Gaining public attention is a critical factor in determining the success of any project. Our data shows that Nimq's popularity in social media was green over last month. The Twitter followers, Reddit subscribers, and Telegram channel users saw a growth of 12%, 17%, and 8%, respectively.
Nimq's Return On Investment (ROI) over the past year was 231%. Also, it should be mentioned that if you had invested in NIM a month ago, you could enjoy 108% profit on your investment. Also, it should be mentioned that the growth of NIm's ROI in comparison with similar projects is 39,829% higher.
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