KCS is the native token of a number one cryptocurrency alternate KuCoin. KuCoin constitutes one of many highest each day volumes of trades throughout all exchanges on the earth.
KCS stands for KuCoin Token. Based in Seychelles in 2017, KuCoin has been always offering a seamless consumer expertise to all its customers. It has a wide range of merchandise like Spot, Margin, Futures, Highlight( IEO), Staking, Lending, and so forth. The amount of trades on the alternate has been always rising and it’ll quickly begin reflecting in KCS value.
KuCoin’s spot alternate quantity up to now 24 hours was $789. It’s at the moment ranked 7th as per coinmarketcap in each day spot quantity. It’s common liquidity rating is 324 with over 400,000 each day guests on their web site. KuCoin has over 600 markets overlaying 280 cash. Many exchanges goal their native areas however KuCoin is actually world similar to Binance because it has a large world outreach.
Different Trade Tokens
Identical to KuCoin, many different exchanges even have their native tokens. As you possibly can see from our earlier article, KCS remains to be far-off from its all time excessive and we may begin seeing a multi-fold value improve within the worth of KCS. It’s all time excessive value is $20.17 (Jan 10, 2018) and it at the moment buying and selling at $4.85 which is nearly 75% decrease than the ATH value. This reveals that KCS has a superb scope of creating a bullish run. Its market cap is $ 387,273,201 and its 24 hour buying and selling quantity was $30,722,221.
Let’s see the market cap of the native tokens of the opposite high tier exchanges.
BNB (Binance) :$35,133,575,206
HT (Huobi) : $3,021,470,172
OKB (OkEx) : $4,306,000,504
LEO (Bitfinex) : $1,886,694,517
CRO (Crypto.com) : $3,675,800,906
Taking Binance for instance, the buying and selling quantity on Binance is 30 instances larger than that on KuCoin however the market cap of BNB is 100 instances larger than that of KCS. This reveals that there’s a good scope for exponential progress within the worth of KCS.
Buying and selling Price Rebates
KuCoin distributes 50% of its total buying and selling charge income each day with customers who maintain KCS. If you happen to refer somebody to KuCoin, you additionally share a share of the buying and selling charge of your referrals. Some respectable altcoins have made large good points in 2020, comparable to MIR, DEGO, LUNA, LYXe, and so forth. KCS can be utilized for buying and selling charge deduction for buying and selling these cash
The APR for simply merely holding KCS as passive revenue is as excessive as 20%-30%.
Folks holding KCS can bid for his or her IEO by way of their highlight platform. These IEOs are fastidiously vetted and the chance concerned in investing in Highlight IEOs are very low and returns are very excessive.
Trade Itemizing and Future Roadmap.
KuCoin plans on itemizing KCS on no less than 5 high tier exchanges by 2021. “Empowering KCS” would be the key precedence for KuCoin’s strategic growth in 2021 and past. In KuCoin CEO’s public letter on Feb 4th, 2021, he believes KCS has been undervalued by the market, and with the implementation of associated work, KuCoin is assured that KCS will enter the highest 30 and even the highest 15 of complete market cap in 2-3 years. It means KCS funding potentials could be 6x and even larger primarily based on the present value. KuCoin CEO additionally mentioned extra worth will probably be empowered to KCS on this yr, comparable to launch KCS futures buying and selling, use KCS to farm newly listed altcoins, so on and so forth.
Now allow us to assessment the KCS chart and predict KCS value primarily based on technical evaluation.
KCS/USD – Worth Prediction
KCS broke a superb help of $1.89 on the weekly graph within the first week of August 2018 and ever because it was struggling to interrupt this help turned to resistance. It made varied makes an attempt to interrupt this resistance in April, June, July, September and November 2019 however obtained rejected each time. Lastly, in February, it broke this resistance of $1.89 and shortly jumped by over 300% in every week into the resistance of $6.60. If this resistance at $6.60 could be damaged, we may begin seeing a transfer in direction of the following fib and coinciding resistance at $10.88. Breaking this resistance may result in a transfer in direction of the upper fibs at $13.37, $16.91, $21.43 and $34.47.
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