KCS Worth: Primed for a Mega Rally – Technical Evaluation


KCS Price: Primed for a Mega Rally

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.

KCS

World Rating

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.

COINMARKETCAP

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.

exchange tokens

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

trading fee

Staking

The APR for simply merely holding KCS as passive revenue is as excessive as 20%-30%.

staking

Highlight

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.

spotlight

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.

roadmap

Now allow us to assessment the KCS chart and predict KCS value primarily based on technical evaluation.

KCS/USD – Worth Prediction

KCS

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.

You possibly can join on Kucoin by way of this hyperlink : https://www.kucoin.com/ucenter/signup?rcode=rJMF92W

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Pictures courtesy of TradingView.

Disclaimer
The knowledge mentioned by Altcoin Buzz is just not monetary recommendation. That is for instructional and informational functions solely. Any info or methods are ideas and opinions related to accepted ranges of danger tolerance of the author/reviewers and their danger tolerance could also be completely different than yours. We’re not accountable for any losses that you could be incur because of any investments straight or not directly associated to the data offered.

Do your personal due diligence and score earlier than making any investments and seek the advice of your monetary advisor. The researched info introduced we consider to be right and correct nonetheless there isn’t any assure or guarantee as to the accuracy, timeliness, completeness. Bitcoin and different cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

 

 



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