The cryptocurrency market, along with most other markets, is experiencing a very hard year. Understanding the current situation of the world, such a drop is nothing to be surprised by. With the rise of crises during the first months of 2022, people began to cash out their investments; thus affecting every market out there, including the crypto market. However, though, this is not the first time the crypto market crashed. That is why we know that such crashes are only temporary. To add to this, the crypto market tends to come back even stronger whenever it recovers.
Today, we will talk about the KuCoin exchange and its native token, the KuCoin Token (KCS). We will touch upon its fundamentals, including tokenomics and exchange volume. Moreover, we will present our own KuCoin price prediction.
What is KuCoin (KCS)?
As mentioned before, KuCoin Token is the native token of the KuCoin exchange. For your information, the KuCoin exchange is one of the biggest centralized exchanges out there and we will talk about it in a bit. The KCS token made its debut back in 2017 on the Ethereum blockchain; this makes it an ERC-20 token. Moreover, being on the Ethereum network made it available to hundreds of thousands of people who were using Ethereum wallets. The initial purpose of this token was profit-sharing, labeling KCS as a profit-sharing token.
The team of KuCoin imagined KCS as a way to allow KuCoin users to extract value, in one way or another, from the KuCoin exchange. Nevertheless, the token’s utility swayed from its initial purpose. Today, the team of KuCoin sees KCS as the key to most of their upcoming projects. As the KuCoin exchange moves toward decentralization, they believe that KCS will be the token that powers their ecosystem. So, KCS might become a governance and utility token as well.
The KuCoin Token has several characteristics that make it stand out, with the main one being its “dividends.” There are several ways to accumulate passive income in the cryptocurrency market, and KuCoin provides one of the best ways to do so. Through KCS Bonus, KuCoin rewards those users who have more than 6 KCS on a daily basis. The rewards come from KuCoin’s daily transaction tax revenue. Of course, the more KCS one holds, the more rewards one receives.
KuCoin (KCS) Tokenomics
KuCoin Token has good tokenomics when it comes to the long term. At the time of writing, their circulating supply is 98.3 million tokens, with a maximum supply of 170.1 million. Initially, the maximum supply for KCS was 200 million tokens. Through a process known as KCS Burn, however, the supply has been dropping significantly. KCS Burn is the process when the team of KuCoin buys back KCS and burns them. This process happens quarterly, meaning that it occurs every three months.
As for its fees, using KCS in the KuCoin Exchange gives users fee discounts that go as high as 80%. Moreover, KuCoin has achieved partnerships with several companies, allowing its users to pay for traveling, gaming equipment, or other shopping activities using KCS.
Crypto Academy KuCoin (KCS) Price Prediction
We at Crypto Academy tend to do thorough research before presenting our price predictions. That is exactly what we did while working on the KuCoin price prediction we are presenting right now. From our point of view, the success of KuCoin is likely to be reflected in the market performance of KCS. Thus, we believe in a bullish future for KCS.
Crypto Academy KuCoin (KCS) Price Prediction 2022
The year 2022 has not been good for the cryptocurrency market. Nevertheless, the crypto market is not the only market that is suffering during this year. Currently, most markets, including the stock market and even the forex market, are experiencing high volatility. This is most likely because of the political issues happening throughout Europe, especially the conflict in Ukraine. By the end of the year 2022, KuCoin Token might get back to trading at around $20. If the market gets more bullish in the 4th quarter of 2022, KCS price may go as high as $25 per token. On the other hand, if the market gets even more bearish than it is now, we expect KCS to close the year 2022 with a price as low as $13.
Crypto Academy KuCoin (KCS) Price Prediction 2023
After a hard year, the market is likely to recover. Understanding that the crypto market experienced huge growth during the 2020-2021 period, the last market correction was expected. In 2023, we expect every market to begin recovering at a fast pace. This may result in slight price increases. Although we don’t expect the market to turn that bullish during 2023, we believe that it will be a healthy year for the market. On a good note, KCS might end the year 2023 trading at a price between $25-$33. On a bad note, however, KCS could end the year 2023 trading for as low as $22.
Crypto Academy KuCoin (KCS) Price Prediction 2024
By 2024, we believe that the market is likely to skyrocket once again. After experiencing a huge crash back in 2022, the market needs to cool down a bit. We believe that it could cool down enough until 2024, the year when the next Bitcoin halving is going to happen. For your information, Bitcoin halving is the event when the Bitcoin miner rewards are cut in half. This occurs once every four years and often initiates a massive bull run. Thus, we believe that the whole market, including major cryptocurrencies such as Bitcoin and Ethereum, is likely to moon. As for KCS, we believe that this token might end the year 2024 with a yearly high above $50. If this is to happen, KCS would hit a new all-time high in 2024.
Crypto Academy KuCoin (KCS) Price Prediction 2025
The real bull run comes the year after the Bitcoin halving occurs. Historically, bull cycles are followed by a market correction, and we believe that is likely going to happen in early 2025. After the correction, KCS could skyrocket once again, hitting a price way above the newly-set all-time high. Our KCS price forecast for 2025 shows this token trading at a price between $70-$80 if the market is bullish. On the other hand, if the market fails to initiate another bull run, we see KuCoin Token ending the year 2025 with a trading value of around $55.
Crypto Academy KuCoin (KCS) Price Prediction 2026
As for 2026, we believe that the cryptocurrency market is likely to be less volatile. This is because the market is getting bigger each day. As more companies, institutions, and governments invest in this market, its volatility decreases. This makes crypto more stable and less prone to panic selling and speculation. Since we believe that the market is likely to be less volatile by 2026, our KCS price forecast shows this token trading +-10% throughout the whole year. By the end of the year, KCS might be trading somewhere near $80. If KuCoin’s ecosystem attracts more investors, however, we might see KCS trading well above $100 by 2026.
KuCoin (KCS) Market Price Prediction
After presenting our own price prediction, let us take a look at the market predictions for KuCoin. For the market prediction for KCS, we will look at what Gov Capital, Price Prediction, and Full Value Dan have to say.
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Gov Capital
Firstly, let us take a look at Gov Capital’s prediction. Gov Capital is one of the leading algorithm-based prediction websites that has covered KuCoin as well. Their KuCoin Token price prediction is very bullish considering the current state of the market. According to its forecast, KCS is likely to end the year 2022 with a trading value between $45-$51. As for 2023, Gov Capital predicts a slow start. However, its forecast shows that KCS is likely to surpass the $100 trading value in mid-October 2023. When it comes to the long term, the prediction becomes even more bullish. By May 2027, KCS might reach a trading value of $500.
Price Prediction
Similar to Gov Capital, Price Prediction is a website that provides algorithm-based price predictions for different cryptocurrencies. As for KuCoin Token, this website believes that the token is likely to end the year 2022 with a price between $13.80-$15.30. Similar to our forecast, Price Prediction’s forecast shows that KCS could end the year 2023 with a maximum price of $22.90. As for the long term, Price Prediction is nearly as bullish as Gov Capital. Its forecast shows KCS trading at a possible price of $100 by the end of 2027. By 2031, Price Prediction shows that KCS may reach a price of $462 per token.
Full Value Dan
Full Value Dan is a huge cryptocurrency Youtuber that often makes videos regarding different cryptocurrency projects. Some time ago, he made a video about KuCoin Token and he gave his opinion on the project. At some point in the video, he compares KuCoin’s native token with other native tokens that belong to different exchanges. There, he noticed the growth potential of KCS. According to his price prediction, KuCoin Token is likely to reach a market capitalization of around $5 billion sometime in the near future. This would put the token at a price of $75. As for the long term, he compares KCS with BNB, claiming that KCS might be the main competitor of BNB when it comes to the long term.
How to Buy KuCoin (KCS)?
Now that we have explained the necessary things about KuCoin Token and presented our price prediction, let us help you buy this token. At the time of writing, you can purchase KuCoin KCS Token directly from KuCoin, ProBit Global, AscendEX, and HitBTC. For the sake of this guide, we will use the KuCoin Exchange to purchase KCS.
Step 1: Create an Exchange Account
The first step toward purchasing KCS is creating a KuCoin Exchange account. Unlike some of its competitors like Binance and Coinbase, KuCoin does not require you to undergo high levels of verification which are, more often than not, annoying. To create an account on KuCoin, you need to provide your personal email or your phone number. Then, simply confirm your account and you are ready to go.
Step 2: Fund Your Account
The second step is to fund your account. After you create and confirm your account, you are all set to fund it. Funding your KuCoin account is easy. At the time of writing, the KuCoin Exchange supports more than 70 payment methods. Some of the most prominent ways to fund your account are using a Visa or Mastercard, Paypal, or direct bank transfer.
Step 3: Buy KCS
Now that you have created, confirmed, and funded your exchange account, you are all set to purchase KCS. Depending on the currency you funded, you need to find the eligible market pair to purchase KCS. If you purchase USD Tether (USDT) when you initially fund your account, then you should use the KCS/USDT market pair. If you use to purchase Bitcoin (BTC) when you initially fund your account, then you should use KCS/BTC; and so forth. After finding the right market pair, simply enter the amount of KCS you want to purchase and execute the trade.
Frequently Asked Questions (FAQs)
Will KuCoin rise?
Probably. Our price prediction shows that KuCoin Token rise significantly by 2026. According to our forecast, KCS could end the year 2026 trading at a price above $100. To add to this, other predictions also show that KCS is likely to rise in the coming years. Gov Capital, for example, gives KCS a potential price of $500 in 2027.
Can I trust KuCoin?
Yes. KuCoin is known as one of the safest cryptocurrency exchanges. When it comes to the KuCoin Token, however, you must do your own research. Before investing in any cryptocurrency, please make sure that you understand how volatile the crypto market can get. Thus, only invest what you can afford to lose.
About KuCoin
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 18 million users in 207 countries and regions.
In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.
Takeaways
- Although the year 2022 has been hard for cryptocurrencies, the KuCoin Token has been holding on perfectly.
- KuCoin is a major cryptocurrency exchange and the KuCoin Token (KCS) is its native token.
- The KuCoin Exchange was founded back in 2013 by 7 known figures. Four years later, the team launched the KuCoin Token (KCS).
- The KuCoin Token is known for rewarding holders in daily payouts; something that not many projects provide.
- The initial supply of KCS was 200 million, while the current maximum supply is 170 million because of KCS Burns.
- Our KuCoin Token price prediction shows KuCoin hitting a trading value of above $30 during 2023.
- Our long-term KCS price forecast shows this token possibly hitting a trading value above $100 by the end of 2026.
- All in all, we believe that the KuCoin Token is a good investment because it has all the necessary elements to attract more investors.