We have mentioned numerous times that one of the easiest ways to get your hands on some crypto is through using a cryptocurrency exchange. There are hundreds of these types of exchanges available today, with new ones being created and launched each month. However, only some of these exchanges stand out from the crowd.
At the time of writing, some of the biggest centralized cryptocurrency exchanges available are Binance, Coinbase, KuCoin, and FTX. They have a $25 billion average daily trading volume combined.
Some of these exchanges provide their users with native cryptocurrencies. The reason behind this is to add new dimensions to their platforms. Moreover, when trading with their native tokens you are often charged way less for transaction fees. For example, when we are talking about Binance, we cannot go on without mentioning Binance Coin (BNB) because of its importance to the Binance ecosystem.
Throughout this article, we will talk about one of these exchanges and its native token – which are KuCoin and KCS respectively. Moreover, we will analyze its fundamentals and present a price prediction regarding KCS.
KuCoin (KCS) Fundamental Analysis
Firstly, let us take a look at how KuCoin came into existence. KuCoin was founded by Michael Gan, Top Lan, John Lee, Linda Lin, Eric Don, Kent Li, and Jack Zhu back in 2013. Yet, this exchange was officially launched around 2017. Similar to Binance and Kraken, this cryptocurrency exchange is centralized, meaning that it has a central authority that controls and oversees all the activity on its platform. Moreover, KuCoin uses the traditional buyer/seller open-book mechanism to execute trades.
Before their launch, KuCoin hosted an Initial Coin Offering (ICO) throughout August and September 2017 to raise funds for its launch. During their ICO, they raised more than $20 million in Bitcoin (BTC). They allocated more than 100 million KuCoin tokens, also known as KuCoin Shares or KCS. This meant that the trading value for one KCS was around $0.25 at the time of the ICO.
KuCoin is trying to revolutionize the crypto industry through its upcoming decentralized trading solution. Even though nothing is certain yet, it is believed that a decentralized trading solution will be introduced by the end of this year.
This exchange supports more than 200 different cryptocurrencies and offers non-custodial wallet integration through their numerous partners.
At the time of writing, KuCoin has about 8 million users and an Accumulated Transaction Volume of $570 billion. Moreover, it claims to be the best crypto exchange in globalization engagement and has a trading volume of over $1.3 billion.
What are KuCoin Shares (KCS)?
Their native token, KuCoin Shares (KCS), is an ERC-20 token; meaning that it is a token that operates on the Ethereum blockchain. That being said, KCS tokens are supported by most Ethereum DEXs and wallets.
There is a capped supply of only 200 million KCS, meaning that there can never be more than 200 million tokens of this kind in circulation. Nevertheless, they plan to burn KCS on each transaction until the total supply drops to 100 million.
The main purpose of this token is believed to be governance over KuCoin. However, to add to it, KCS wants to be the powerhouse of the KuCoin ecosystem, being a cryptocurrency for all.
One of the biggest incentives when buying, trading, and using KCS are the rewards. Unlike other cryptocurrencies, KCS gives back more than it gets. In other words, by holding a minimum of 6 KCS, you become part of the people who get rewarded with 50% of KuCoin’s daily trading fee volume proportionally.
KuCoin (KCS) Price Analysis
According to CoinMarketCap, KCS entered the market on the 26th of October 2017 with a price of $0.81. Unlike many other coins, KCS experienced quite a dip during its first weeks in the market. By the 1st of December 2017, its trading value had dropped to $0.49 – losing nearly half of its value. However, this all changed by the end of December.
Before the year 2017 ended, KuCoin had joined numerous other cryptocurrencies on a bull run – one bigger than any other before it. On the 31st of December, KCS was trading at $3.58 per coin, experiencing a 630% monthly increase. This uptrend continued even after the year ended. On the 7th of January 2018, purchasing one KCS would cost you $21.14.
After reaching this new all-time high, its price began to drop rapidly. Even though it had reached as high as $21 during January, KCS entered February with a price of $8.01. The coin continued to drop even further, reaching its lowest trading value of the year on the 11th of December 2018, when one KCS was worth $0.47.
Rank: 111
It did not take long for the token to recover, however, reaching the price of $1.77 by the 1st of April 2019. The rest of 2019 and 2020 were not that interesting for KuCoin which experienced small price movements during that time; continuously bouncing between $0.80-$1.79.
In the February of 2021, KCS broke this cycle and became very bullish. By the 21st of February, it had reached a trading value of $6.53 per token. After experiencing quite a pullback during March, KCS became very volatile once again, hitting $18.56 during April.
At the time of writing, KCS is trading at a price of $10.96 with a trading volume of $10.3 million. Moreover, the token has a market capitalization of $878 million.
KuCoin (KCS) Market Price Prediction
KuCoin has had quite an experience on the market, experiencing all kinds of movement. However, this is not the only reason why KuCoin has caught the attention of many crypto websites and influencers. As we mentioned above, KuCoin has some solid and serious plans for its future. Because of that and many more reasons, numerous people have analyzed KuCoin’s market and came up with some forecasts regarding it.
GovCapital
According to GovCapital, one of the biggest prediction websites out there, KuCoin has the potential to break its all-time high during the upcoming year. As for this year, GovCapital’s forecast shows that KCS might increase in price steadily but slowly. They claim that, by the end of the year, KCS may be trading at a value between $16-$18. They also predict that KuCoin is likely to be trading at $27.93 around October 2022.
As per the long-term potential of the coin, GovCapital’s predictions are even more positive. According to their prediction, KCS might reach a trading value of $85-$90 sometime in 2026 because of its low total supply.
Crypto Empire
Crypto Empire is one of the many crypto Youtubers that made a video regarding KuCoin. In one of his latest videos, Crypto Empire explains what KuCoin is and what it offers, followed by technical analysis and a price prediction for KCS.
In his video, Crypto Empire explains how KCS hitting $40-$60 is something very possible for this upcoming bull run because of its low market capitalization. Moreover, on an extremely bullish note, Crypto Empire states that it is highly probable for KCS to surpass the $100 milestone by the end of the year.
Wallet Investor
Similar to GovCapital and Crypto Empire, Wallet Investor is also quite bullish on KCS. According to their price prediction, KCS might hit a price of $16 by the end of November. Furthermore, this growth is believed to continue all throughout December, leaving KCS with a potential price of $17 by the end of this year.
When it comes to the long-term prediction of KuCoin, Wallet Investor’s forecast shows that, by May 2024, KCS may surpass its $50 milestone. Additionally, their forecast shows that KCS might have a trading value between $79-$82 by the end of September 2026.
Crypto Academy KuCoin (KCS) Price Prediction
After taking a look at the market price predictions around KuCoin, we will present our own forecast. We at Crypto Academy try to take every single factor into consideration before claiming that the price of crypto will move either way.
KuCoin (KCS) Price Prediction 2021
As mentioned before, the year 2021 has been huge for KCS. Although the token failed to set a new all-time high, its price did a near x50 in a matter of months. As we get into the fourth quarter of the year, KuCoin’s trading value has begun to increase. We believe that KCS is likely to go through a rapid growth period, leaving it with a potential price between $37-$50 by the end of the year. This means that KuCoin might break the all-time high it set in 2018.
KuCoin (KCS) Price Prediction 2022
Moving onto 2022, the uptrend is believed to continue. Our prediction shows that this crypto is likely to continue gaining value during the early months of 2022. That being said, KCS may be trading at $70-$100 sometime during January or February 2022. Yet, this might quickly come to an end since we believe that KCS is likely to begin losing value as the market, as a whole, drops in value. By the end of the year, we are giving KCS a possible trading value of $90.
KuCoin (KCS) Price Prediction 2023
When it comes to 2023, our forecast shows a more stable chart than the previous years. This means that 2023 might be a more stable year for this cryptocurrency, which is set to experience small price movements throughout it. Beginning the year with a possible trading value between $75-$85, KCS may end the year trading at $125 per token.
KuCoin (KCS) Price Prediction 2024
As for 2024, the first months of the year may be way less interesting than the ending months. We say so because KCS is likely to go into the year 2024 following the same trend it had during the whole of 2023. However, after the Bitcoin halving event occurs and we begin moving towards the end of the year, KCS may start to increase in price. That being said, our forecast shows KCS sitting at a price between $220-$230 by the end of 2024.
KuCoin (KCS) Price Prediction 2025
Following the increase that KuCoin is believed to have during Q4 2024, we believe that 2025 is likely to be extremely bullish for the coin. Entering the year 2025 with a price between $120-$135, we believe that KuCoin might experience an x10 during this bull run, leaving it with a potential yearly high of $1250. Nevertheless, after every high, there will be a low. By the end of the year, KuCoin may have a price between $600-$700.
KuCoin (KCS) Price Prediction 2026
To wrap it up, we believe that KuCoin has the potential to be one of the leading cryptocurrencies in the market. As their exchange gets more users and improves, their coin is thought to do so as well. Entering the year 2026 with a potential price of $650, we believe that KCS might experience somewhat of an increase once again, leaving it with a price of around $800 by the end of the year 2026.
How to Buy KuCoin (KCS)?
Step 1: Create an Exchange Account
To get your hands on some KuCoin Shares, you must first find a cryptocurrency exchange that has it listed. After finding a cryptocurrency exchange and wallet that offers and supports KCS and fits your needs, you will need to create an account.
Most exchanges require you to fill out a Know-Your-Customer (KYC) form in order to trade on their platform. We recommend you use the official KuCoin exchange to buy KCS because it is easier, has way more liquidity, and does not require a KYC form.
Step 2: Fund Your Account
Now that you are done with opening your account, you must fund it so you can purchase the amount of KCS you are interested in. Even though payment methods differ from exchange to exchange, the most common methods to fund your account are using a credit/debit card, a bank transfer, or a Paypal account.
Through the KuCoin exchange, you can buy cryptocurrencies through a debit/credit card; through Peer-to-Peer (P2P) transactions which are done using Paypal, Cashapp, or Revolut; and through a bank transfer.
Step 3: Buy KCS
If you used your funds to directly buy KCS then you are done. However, if you bought USD Tether (USDT) using your funds, then you will need to convert your crypto to KuCoin.
After you are done with funding your account, simply locate the “Markets” tab and click on it. Now, search for a market that includes KCS and the crypto that you own. The market you are looking for should look like this: KCS/USDT.
When you find the desired market pair, simply enter the amount of KuCoin you want to buy and click on “BUY”. Always check how much you can afford so you can pursue your transaction.
Frequently Asked Questions (FAQ)
Where can I buy KuCoin (KCS)?
There are many exchanges that offer KuCoin. Some major ones are MEXC, ProBit Global, KuCoin, and AscendEX. We recommend you use their official exchange, the KuCoin exchange, because of being safer, providing higher liquidity, and accepting numerous payment methods. Many believe that KCS is trying to get listed in some other exchanges as well.
Will KuCoin (KCS) reach $100 by the end of 2021?
Maybe. When it comes to this question, we are not so sure. KuCoin has had an amazing year so far, and because of that, reaching $100 is totally doable for the coin. Yet, there are numerous factors to consider before rushing to conclusions. It is highly likely that KCS will be trading for way more $$$ than it is today, but $100 might be a bit of a long shot.
Is KuCoin (KCS) a good investment?
Yes. We believe that KuCoin is an exchange with huge potential and we know that the success of KuCoin as an exchange is likely to be reflected in their coin. There are many influencers and prediction websites who claim that, after a few years, KCS may be trading for way higher than it is today. We believe that, by 2026, KCS may reach an all-time high of $1250.
Also Read: Axie Infinity (AXS) Price Prediction 2021 and Beyond – Will AXS Hit $200 in 2021?
Takeaways
- Many cryptocurrency exchanges provide their users with native coins and tokens that help improve user experience.
- Using these coins on their respective platforms is cheaper than trading with other coins.
- The KuCoin exchange supports over 200 different cryptocurrencies.
- The KuCoin exchange has its own native coin that is known as KuCoin Shards (KCS).
- Their native coin, KCS, entered the market with a price of around $0.81 and has an all-time high of $21.18 set back in 2018.
- Numerous influencers predict that KuCoin might even reach $100 by the end of 2021.
- We at Crypto Academy predict that KCS is likely to surpass the $1000 milestone sometime in 2026.
- All things considered, investing in KuCoin may lead to huge profits.