While KuCoin had a token in place at launch, it was in 2021 that the exchange decided to launch its own blockchain. The KuCoin Community Chain (KCC) is a decentralised public blockchain built by the KuCoin community. While some exchanges have added a utility token at some point after their launch, KuCoin introduced the KCS token from the beginning. The ETH Shanghai update, scheduled for April 12, 2023, is an exciting milestone in the Ethereum roadmap.
- Additionally, more collaborations and adoptions are expected to take place which will increase the value of the KCS token in the future.
- A rising 50-day SMA indicates a positive KCS price trend in the medium term, while a dropping SMA indicates the opposite.
- KCS is also used to reward existing users for attracting new customers to the system.
- As per our KuCoin (KCS) price prediction, the maximum price level of the KCS Token is expected to be around $9.26 it will continue to experience significant growth throughout the year.
Currently, the Fear & Greed index is at 48 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued.
Kucoin price prediction: Will KCS pay dividends?
A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.09% in the same time period. KCS performed well against BTC today and recorded a 0.45% gain against the world’s largest cryptocurrency. KuCoin fluctuated between minimum price of $0.30 and maximum price of $2.01 throughout 2019 and 2020.
- KuCoin Token (KCS) has been listed on many crypto exchanges which include KuCoin, ProBit Global and HitBTC.
- With that said, let’s explore the long-term KuCoin token price prediction.
- Additionally, KuCoin Token’s price is forecasted to gain 146.01% in the next six months and reach $ 11.27 on Apr 2, 2024.
- The expected average KCS price for November 2023 is $4.746, which is a 4.77%
increasein value from the current price.
KCS is the native token of KuCoin, which is a profit-sharing token that allows traders to draw value from the exchange.. If investors flock in and continue to place their bets on KuCoin Token (KCS), then the crypto would witness major spikes. From the above chart, we can interpret that the price action of KCS is in a similar trend with respect to BTC and ETH. This indicates that when the how to buy fiat currency price of BTC and ETH increases or decreases, the price of KCS also increases or decreases respectively. At the time of analysis, the RVOL of KuCoin Token (KCS) was below the cutoff line, denoting weak participants trading in the current trend. High relative volume readings suggest that there is increased interest in the asset, which may indicate a potential trend reversal or breakout.
Can KuCoin rise?
KuCoin Token’s 50-day SMA (simple moving average) is currently $ 4.43. The 50-day SMA indicates the average price of KuCoin Token how to buy emax crypto over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time.
There are many popular crypto exchange platforms that have listed KCS Coin for public trading. The top crypto trading platforms are KuCoin, Poloniex, Gate.io, MEXC, ProBit Global, AscendEX, HitBTC, StealthEX, BitMax, and CoinEx. On the other hand, the minimum price level of the KCS Coin can drop down to $10.89 by 2024 if the crypto market conditions are not favorable. However, if the crypto market gets a bullish rally by this year, the price of the KCS Coin may surpass our price prediction in 2024. If the crypto market faces any major bearish environment, the minimum price level of the KuCoin Token can fall down to $7.45 by 2023. However, we are expecting a bullish rally by this year and the price of the KuCoin Token will increase significantly in the year’s second half.
A rising 50-day SMA indicates a positive KCS price trend in the medium term, while a dropping SMA indicates the opposite. As per our technical analysis and KCS prediction, the cryptocurrency could have an average price of $35.42 in 2028, with moderate positive momentum. The potential low of the KuCoin is expected to be $29.04, with a potential high of $41.80. The cryptocurrency exchanges have witnessed a spurt in trading volume for the last two weeks. This is because of the number of new accounting openings in the exchanges. Professional investors are well-managed to deal with the rise and fall of crypto amid global cues and inflation.
In the above chart, KuCoin Token (KCS) laid out a descending channel pattern. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. KuCoin Token (KCS) ranks 67th on CoinMarketCap in terms of its market capitalization. The overview of the KuCoin Token Price prediction for 2023 is explained below with a daily time frame. KuCoin Token (KCS) Coins can be bought from several popular crypto exchanges like KuCoin, Gate.io, Bitget, HitBTC, and many more. KuCoin is also planning to expand its operations to many countries in the coming years which will make KuCoin Token more secure and useful in the long run.
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This sudden growth means that the coin can become a solid asset now if it continues to grow. When trying to make a KuCoin Token forecast, many traders also try to monitor the activity of KCS “whales”, which are entities and individuals that control large amounts of KCS. Since the KuCoin Token market is relatively small compared to traditional how to use crypto markets, “whales” can single-handedly have a big influence on KuCoin Token’s price movements. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about KuCoin Token’s price action in 1-hour chunks.
In 2030, the KCS price may reach $24.7848, according to their predictions. As of the end of 2022, the KuCoin token price prediction by PricePrediction.net remains predominantly positive. Some analytics forecast the price to be about $25.29 by the end of the year. The 90 days price change is around -33.37%, and the price circulated from a minimum average price of $20.87 to a maximum average price of $22.45 in the past 90 days.
Good Investment? Current price today: ▲4.474 USD (+0.0519%)
The KuCoin token is quite popular among traders and investors, and it has become one of the leading digital assets in the crypto space. In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the kucoin token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity.
The KCS crypto price plunged in January as the cryptocurrency markets turned bearish, trading down to a low of $13.53 on 22 January. But the price found support in February and moved back above $20 on 28 February to close at $20.73 on 1 March. KCS initially launched as an ERC-20 token on the Ethereum (ETH) blockchain, designed for profit sharing with KuCoin exchange users. Traders on the exchange can use the kucoin cryptocurrency to pay for their trading fees and receive a discount of up to 80%. Currently, the Fear & Greed index is at 45 (Fear), which signals that investors have a negative outlook on the market. Just like with any other asset, the price action of KuCoin Token is driven by supply and demand.
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Kucoin token breaks long $10 USD resistance level, as KCS again makes entry into top 100 Crypto Project. Kucoin announces for more project in coming days and that gaining attention from user and newer investor joining platform. Whether the KCS token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.
Additionally, KuCoin Token’s price is forecasted to gain 146.01% in the next six months and reach $ 11.27 on Apr 2, 2024. Finally, KuCoin Token is expected to trade at $ 16.05 on Oct 4, 2024, following a 250.36% value decrease in one year. KuCoin is a global exchange for a cryptocurrency with more than 300 plus cryptocurrencies registered. It provides exchange services for the transactions of digital assets. KuCoin is also known as ‘people exchange’ and the home of crypto gems with its lowest trading fees. KuCoin claims that 1 out of every four crypto holders is with KuCoin globally.
However, the KCS Coin’s value may be much higher than our price forecast if more investors and traders are showing interest in crypto trading platforms. As per our KuCoin (KCS) price prediction, the maximum price level of the KCS Token is expected to be around $9.26 it will continue to experience significant growth throughout the year. If the current market bullish trend continues, the year 2023 can end with an average price value of $8.87. If you’re actively involved in crypto trading, you may be familiar with the KuCoin crypto exchange platform. KuCoin platform also has its native token called KuCoin Token with the ticker symbol KCS.