Before hundreds of years, people had to wait for weeks, months, or even years to send a message to somebody far away from them. The usual process included the sender writing a letter and giving it to the Runners – a term used for people who ran from country to country to transmit information – whose duty was to send that letter to its intended destination.
Today, we can communicate with people on the other side of the world within seconds, sending and receiving messages almost instantly. Through applications such as Messenger and Telegram, people can communicate and collaborate with one another using only Wireless Connection. Nevertheless, these platforms have some major flaws. There have been many security breaches in these centralized platforms. Moreover, there have been numerous cases reported where various platforms sold private information to the highest bidder.
A blockchain-powered project that has solved these issues is called FortKnoxster. This project is the first decentralized communication and collaboration platform and it is one of the most secure communication platforms as of right now.
Throughout this article, we will touch upon the fundamentals of this project, its native token, its future potential, and its plans.
FortKnoxster (FKX) Fundamental Analysis
To begin with, the coin was launched in August 2018 by Mickey Johnnysson, Rasmus Birger Christiansen, and Niels Klitsgaard. As mentioned above, this Gibraltar-based cybersecurity company is focusing on protecting communications, digital assets, and data. Their free app, FortKnoxster, allows you to communicate securely and privately using only your connection. Their platform operates on a so-called Zero-Knowledge principle, giving users complete privacy. Furthermore, FortKnoxster uses Ethereum’s smart contracts to allow users to connect with one another using cryptographic signatures and giving them a trusted decentralized communication link.
Read more: What Are Smart Contracts? Detailed Guide
This company has successfully developed a unique encryption platform that comes as an Encryption-as-a-Service solution. Unlike most communication platforms, FortKnoxster’s security has never been breached. They even invited some of the best hackers they could reach, just to ask them to test their security – and they failed to hack anything.
The native token of FortKnoxster is known as FKX.
The FKX token has a circulating supply of 149 million and a total supply of 150 million. This token is not mineable, therefore, you can only get a hold of it by purchasing it through a cryptocurrency exchange.
FortKnoxster (FKX) Price Analysis
According to Coinmarketcap, FKX joined the open market at the end of August 2018 with a price of $0.0074. By mid-September, this cryptocurrency had already started to decrease in price; a decrease which led the coin to hit prices as low as $0.0015 by the end of the year 2018. Smaller price movements also occurred throughout 2019 and 2020, with the token reaching a high of just above $0.005. The token left the year 2020 with a price of $0.0019.
Moving on, the year 2021 was a lucrative year for FKX investors to say the least. This cryptocurrency entered the year with a price of $0.0019; and by the 5th of February, it experienced a 478% increase in its trading value, leaving FKX sitting at $0.011. However, this was just the beginning of a fruitful journey for the coin. By the end of February, the coin had doubled its value, reaching the price of $0.027. These huge price changes continued to occur throughout the upcoming month. The coin had reached the price of $0.09 in mid-April; and after one month, the coin reached the price of $0.21, setting a new all-time high.
At the time of writing, FKX is trading at a value of $0.035 and has a $216,888 24-hour trading volume. Its market capitalization is just above $5 million, giving it the 1010th rank on Coinmarketcap.
FortKnoxster Market Price Prediction
It is a well-known fact that cryptocurrencies that have utility are more likely to survive the big changes that constantly happen in the market. FKX is one of these cryptocurrencies. Nevertheless, this coin is used to pay for its native company’s services, meaning that it does not have that broad of a spectrum in which it operates.
According to GovCapital, the FKX crypto might continue to slowly increase throughout this year, potentially reaching the price of $0.11 exactly one year from now, in July 2022. Furthermore, GovCapital predictions tell us that the coin may surpass its current all-time high sometime between February and April 2023. This forecast also shows that the coin is likely to surpass the $0.50 milestone by 2025. On a bullish note, FKX might even surpass the $100 milestone after five years, in July 2026.
Another prediction website known as CoinDataFlow claims that if FortKnoxster has 50% of Bitcoin’s previous average annual growth, the coin might hit the price of $0.98 in 2025. Moreover, they claim that if it had 100% of Bitcoin’s previous average yearly growth, FKX would possibly have a trading value of $5.91 by 2025.
As we mentioned earlier, FKX is a utility token on the FortKnoxster platform and is used as a currency to pay for the application’s premium features. That being said, the price of FKX is directly linked with the performance of the FortKnoxster application and the number of active users that FortKnoxster has.
According to the cryptocurrency Youtuber SoYouWantCrypto, the FKX crypto is a top 150 project and claims that this cryptocurrency is undervalued. Additionally, he says that it is likely for FKX to reach a market capitalization of $700 million in the future; giving the coin a potential price of $4.66.
Our FortKnoxster (FKX) Prediction
As for us at Crypto Academy, we believe that cryptocurrencies such as FKX are mostly undervalued. The more traffic the FortKnoxster platform drives, the more people are likely to purchase the Premium version and pump the price of the FKX token. The need for privacy and security is ever-growing, and FKX provides its users with both. With a low supply and a low market capitalization like those of FortKnoxster, we can say that FKX is potentially a hidden gem.
FortKnoxster (FKX) Price Prediction 2021
Our research and analysis regarding the FKX cryptocurrency and its market performance gave us indicators that the token might continue to see small price movements during the upcoming months. However, as it moves towards the end of the year, we predict that its price may begin to go up at a faster pace. According to their 2021 roadmap, FortKnoxster has big plans ahead. Therefore, we believe this cryptocurrency might end this year with a price just under $15.
FortKnoxster (FKX) Price Prediction 2022
The year 2022 might be one of the most successful years for FKX. If FortKnoxster does not fail to accomplish every plan for 2021, the coin may experience huge growth in early-2022. We believe that this cryptocurrency might reach a price of $20 sometime during this year. Moreover, if the whole market is bullish, FortKnoxster may even surpass the $50 milestone by the end of the year.
FortKnoxster (FKX) Price Prediction 2023
After the pumps that the coin might experience during 2021 and 2022, the year 2023 is likely to be the year where things would cool off a bit. We believe that FKX’s price may increase a bit in early-2023 and then fall a bit in June; followed by a few months of very small price movements. We estimate that FKX might leave the year 2023 with a price between $53-$57.
FortKnoxster (FKX) Price Prediction 2024
Just as 2023, 2024 may be characterized by small price movements for the coin. However, the third and fourth quarters of the year may be very fruitful for FKX, which might start to see some price increases. We predict that FKX is likely to close down in the year 2024 with a price above $120, leaving it with a 126% increase in its price and a new all-time high.
FortKnoxster (FKX) Price Prediction 2025
FortKnoxster is likely to enter the year 2025 during a spike in its price, therefore, the price increase of 2024 may continue during early-2025. We think that this crypto might reach $150 during the first quarter of 2025. Furthermore, after a few months of rapid growth, we believe that the coin may reach the price of $235 in May 2025. To wrap it up, our predictions show that FKX might end the year 2025 with a price of $250.
FortKnoxster (FKX) Price Prediction 2026
Our forecast shows that, after exactly five years from now, FKX may be sitting at a price of $293, which translates to a 7200% increase throughout five years. We believe that the coin might continue to increase towards the end of 2026, potentially trading at a price between $300-$410 by the end of 2026.
How To Buy FortKnoxster (FKX)?
- As always, be sure to double-check the exchange you want to buy FKX tokens on. This coin is listed on KuCoin, Uniswap, and LBank Exchanges.
- Open an account on the preferred exchange and choose the payment method of your choice.
- After successfully following these steps, you will need to buy the FKX tokens.
- If you are using a decentralized exchange such as Uniswap, you will need to connect a wallet that supports tokens built on the Ethereum network (i.e. Metamask). You need to transfer some Ethereum or Binance Coin (depends which DEX you are using) in order to proceed with buying FKX tokens.
- If you are using a centralized or hybrid exchange such as KuCoin, you must first deposit money onto your account. After that, check the market pairs that FKX has and choose the one that fits you best. After buying the preferred amount of FKX tokens, you can either hold onto them or use them to access premium features within the FortKnoxster platform.
- To conclude everything, choose a wallet of your choice – either a cold wallet or a hot wallet – and store your FKX tokens there.
Also read: Uniswap Price Prediction 2021 and Beyond – Is UNI a Good Investment?
Frequently Asked Questions
Is it worth investing in FortKnoxster (FKX) in 2021?
According to many experts and prediction websites, investing in FKX may prove fruitful for you in the long run. Moreover, our analysis of FKX shows that this coin has the potential to increase throughout the next couple of years.
When will FortKnoxster (FKX) hit $1?
Because the cryptocurrency market is a volatile place, we can never say when for sure. Yet, hitting $1 should be an easy target for FKX which may reach this price sometime during the next 2 years.
Will FortKnoxster (FKX) ever hit $5?
For FKX to hit $5, its market capitalization must reach a value of $750 million. In the cryptocurrency market, this sum is easily achievable. However, as the market gets more competitive, so does the difficulty of increasing in price.
- FortKnoxster is a communication and collaboration platform that claims to be 100% secure and private.
- FortKnoxter is built on the Ethereum Network and FKX is its native token.
- FKX is used as a currency to purchase premium features on the FortKnoxster platform.
- The 2021 roadmap for FKX shows some important plans for this year, including FKX staking and wallet integration.
- This year has been the best one that FKX has ever experienced, reaching an all-time high of $0.21 in May.
- At the time of writing, FKX has a market capitalization of $5 million which puts it on the #1010th market rank on Coinmarketcap.
- This token is listed in few exchanges, therefore, if FKX gets listed in big exchanges like Binance, its price might skyrocket to new heights.
- According to our research and analysis, we believe that investing in FKX may prove quite fruitful for you in the long run.
You can always download the App Fortknoxster and give it a try