KCS is the native token of a number one cryptocurrency change KuCoin. KuCoin constitutes one of many highest every day volumes of trades throughout all exchanges on this planet.
KCS stands from KuCoin Shares. Based in Seychelles in 2017, KuCoin has been continuously offering a seamless consumer expertise to all its customers. It has quite a lot of merchandise like Spot, Margin, Futures, Highlight( IEO), Staking, Lending, and so forth. The quantity of trades on the change has been continuously rising and it’ll quickly begin reflecting in KCS worth.
KuCoin’s spot change quantity previously 24 hours was $789. It’s at the moment ranked 7th as per coinmarketcap in every day spot quantity. It’s common liquidity rating is 324 with over 400,000 every day guests on their web site. KuCoin has over 600 markets masking 280 cash. Many exchanges goal their native areas however KuCoin is actually international identical to Binance because it has a large international outreach.
Different Trade Tokens
Identical to KuCoin, many different exchanges even have their native tokens. As you’ll be able to see from our earlier article, KCS remains to be far-off from its all time excessive and we may begin seeing a multi-fold worth enhance within the worth of KCS. It’s all time excessive worth 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 worth. This exhibits that KCS has an excellent 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 prime 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 greater than that on KuCoin however the market cap of BNB is 100 instances greater than that of KCS. This exhibits that there’s a good scope for an exponential development within the worth of KCS.
Buying and selling Payment Rebates
KuCoin shares 50% of its total buying and selling charge income every day with customers who maintain KCS. If you happen to refer somebody to KuCoin, you additionally share a proportion of the buying and selling charge of your referrals. Some first rate altcoins has made enormous positive factors in 2020, equivalent to MIR, DEGO, LUNA, 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%.
Individuals holding KCS can bid for his or her IEO through their highlight platform. These IEOs are rigorously vetted and the danger 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 a minimum of 5 prime 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 whole market cap in 2-3 years. It means KCS funding potentials will be 6x and even greater based mostly on the present worth. KuCoin CEO additionally stated extra worth shall be empowered to KCS on this yr, equivalent 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 worth based mostly on technical evaluation.
KCS/USD – Worth Prediction
KCS broke an excellent 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 received 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 will be damaged, we may begin seeing a transfer in the direction of the subsequent fib and coinciding resistance at $10.88. Breaking this resistance may result in a transfer in the direction of the upper fibs at $13.37, $16.91, $21.43 and $34.47.
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