KNC price prediction

KNC price prediction

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Crypto trading has become a major source of income for the public. From spots trading to futures trading, people are trying to make ends meet by risking some amount of money in the crypto space.

We have a lot of crypto trading platforms, but we still see more emerging. Why is that?

A lot of people try to create or modify already existing platforms to draw more audience than the formal platform.

From centralized crypto trading platforms, we now have decentralized trading built on codes instead of a centralized authority, to remove intermediaries from any given crypto transaction.

Kyber(KNC) happen to be a decentralized crypto platform built on codes.

In this article, we are going to discuss about KNC with it’s price predictions from 2022 to 2025.

What is Kyber network (KNC)

KNC price prediction
KNC price prediction

Kyber network is your first stop decentralized protocol for liquidity access.

This network combines liquidity from various liquidity sources to allow secure transactions on decentralized applications(trades on best rates).

Kyber, co-founded by Loi Luu, Victor Tran and Yaron Velner, is aimed at providing the best liquidity access to decentralized exchanges (DEX), decentralized applications(Dapps), and other users.

According to Kyber, they envision to be the liquidity hub for the decentralized ecosystem, making users or applications to easily access the required tokens based on their liquidity needs.

With kyber, you can build any decentralized application without bordering for liquidity as Kyber got you covered.

KNC is the utility currency of kyber network and it can be staked and also used for voting proposals, as a governance token.

Tokenomics of KNC

Reports gotten from coinmarketcap reveal the price statistics of KNC as;

  • KNC price prediction: $1.25.
  • Market capitalization: $222,162,109.
  • Fully diluted market capitalization: $222,162,109.
  • Circulation supply: 177,809,349.53 KNC.
  • Total supply: 177,809,350.
  • 24 hours volume: $17,785,487.

Why is KNC unique?

Being able to position its effort in giving liquidity is a unique quality. Other unique properties of KNC are shown below;

  • Decentralized swapping mechanism: Kyber network remains the first swapping interface that allows crypto swapping without intermediaries or central authorities.
  • Flexible Defi structure: The DEFI ecosystem is broad with different use cases. Kyber network happens to be flexible in carrying out projects, as different projects can still be executed by developers. It makes way for innovations with backups, not just a paper work.
  • Secure value exchange: According to Kyber, they are committed to value exchange, by creating a liquidity hub that influences the secure exchange of cryptocurrencies and crypto data.
  • Decentralized autonomous organization: Having a full decentralized protocol, Kyber lets users who are qualified by the amount of KNC they hold/stake, to influence the governance of the platform, by voting for project proposals. This removes the governance power from the central to a decentralized network.

KNC price prediction

Having explained little about the Kyber network, lets use fundamental and technical analysis to predict the prices of KNC from 2022 to 2025.

The price prediction of KNC will be grouped into; 2022, 2023, and 2025.

KNC price prediction 2022

KNC 4hours chart - Trading view
KNC 4hours chart – Trading view

KNC is a promising coin from tokenomics and technical analysis.

Fundamentally, KNC has a sweet market capitalization from the price statistic, showing how early it is for investors and holders. Also, the circulation supply of KNC shows how scarce it is, which is necessary for bullishness, in the long run.

Having a DAO network proves transparency and gains trust from investors.

Technically, from the 4hours chart above, KNC has reached an old support which is still valid, as shown above.

KNC early uptrend has been void after Bitcoin current dip. This leaves KNC upholding the new support.

Finally, KNC is predicted to hit a price of $2.5 with an average price of $1.7 before the end of 2022.

KNC price prediction 2023

Still on existing analysis, KNC is bullish and promising. 2023 is envisioned to be bullish and will affect KNC positively.

KNC is predicted to hit a price of $3.5 with an average price of $3 by 2023.

KNC price prediction 2025

KNC 4hours chart - Trading view
KNC 4hours chart – Trading view

2025 has a lot of positivity in store for cryptocurrencies.

Fundamentally, KNC will have a market capitalization above a billion by 2025. This puts KNC in a high price range, when we consider the sweet circulation supply of KNC.

Technically, KNC will start a new uptrend from this old support, to generate a new correction bullish impulse.

Finally, KNC is predicted to hit a price of $6 with an average price of $4 by 2025.

Should I buy KNC?

This will be discussed here because we know you have that question in your mind.

We know that the crypto space is influenced by a lot of factors, and the use case of  crypto currency is part of what influences it.

KNC is a promising coin, and buying KNC is not a bad idea.

You just have to understand the best buying zones to open a long position.

If you understand technical analysis, you would easily pick a buying zone.

But if you don’t, you are fortunate as we would discuss KNC buy zones below.

Where to buy KNC?

KNC Buy zones - Trading view
KNC Buy zones – Trading view

You reading to this point means that you have made up your mind already. After choosing a trading decision, you have to understand the favourable entry areas relating to your trading decision.

Technically, KNC is at an old respected support, which shows a buying zone.

The above areas are marked “BUY ZONES” and they show you the favourable buying positions for KNC.

Conclusion

Just as we have coins with good use cases, we still have some doing below what was expected. That is because, the crypto space works with confluence of series of analysis not with a single analytical feature. You have to view a coin in and out from it’s chart to understand or to predict its future.

This has been done by cryptoforpidgin, and the report has been discussed  above.

Finally, KNC is a promising coin and the team behind it chose a prevalent liquidity issue to solve in the crypto space.

Disclaimer

This article is for informational purposes only, and not a financial advice. You are advised to do your own research (DYOR) and trade at your own risk.

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