KuCoin is a popular cryptocurrency exchange because of its cheap fees and extensive range of features. The platform allows you to trade in futures and margin products, using a vast variety of tokens to pick from. The crypto exchange also has a native coin KuCoin Token (KCS).
KuCoin’s numerous features, low costs, and wide range of cryptocurrencies make it a great choice for experienced cryptocurrency traders. But what about its native coin, and will it see any success in the future? Read further down below to find out.
What Is KuCoin?
The cryptocurrency exchange was founded in 2017 and has been serving users all around the globe ever since. It presently boasts 10 million users and provides them with a wide range of trading options.
According to KuCoin, it offers the best level of security in the business, as well as a selection of over 700 different cryptocurrencies. It is created to be user-friendly for beginners, with an interface that is simple and intuitive in light of its enormous capabilities. In addition, the platform charges some of the lowest fees in the cryptocurrency market.
KuCoin prefers to include crypto tokens that are less well-known but have a lot of potential for growth. A wide variety of tokens, some less well-known than others, are also made available to users via this platform.
KuCoin Token (KCS) Fundamental Analysis
KCS is KuCoin’s native cryptocurrency. KCS is used for awarding daily customers for bringing in new consumers. Additional trading fee discounts are available to KCS holders who are over a certain limit. In addition, they will get a KuCoin bonus, which is equal to almost half of the trading fees.
KuCoin tokens may be earned in three methods, including “Lucky Raffling,” in which users buy small-priced items from a bucket and wait for the jackpot. ‘Futures Brawl’ is another knowledge-testing game. The user must study the candlestick chart after logging into Future Brawl. There must be a long or a short based on the BTC price trend. The buyer will then face an opponent. If BTC prices rise, long-term buyers benefit; if they fall, short-term buyers win.
KuCoin tokens may be used on the KuCoin Win platform. It combines token listing with entertainment to let supporters earn KCS tokens. After signing up with KuCoin, users become affiliates. They may introduce someone else to the trading platform and collect 45% of the transaction fees as commission.
When assessing a user’s VIP status, KuCoin looks at how much KCS the user currently has in their wallet. The greater the VIP level, the more perks and savings you’ll get, and the more KCS events you attend. When customers pay transaction fees with KCS, the KuCoin network gives them a discount.
The current KuCoin Token price is $10.39, with a trading volume of $7,412,681 in the last 24 hours. Currently, CoinMarketCap ranks the cryptocurrency #46th, with a market capitalization of $1,024,902,455. There are 98,379,861 KCS coins in circulation and 170,118,638 KCS coins in total supply.
Features
KuCoin Community Chain (shortened to KCC) is the new home of KCS, an ERC20 smart contract token that has been on the Ethereum blockchain since 2017. KuCoin benefits from the KCS ecosystem. KuCoin’s main users are usually KCS holders.
KCS ecosystem members benefit from KuCoin’s growth and development with special prizes, fee savings, and other services. The two ecosystems’ effective partnership and integration have made KuCoin one of the world’s top five digital asset exchanges. KCS is one of the top 100 crypto projects by market capitalization.
Members of the KCS and KuCoin development community were the driving force behind the KCC chain, an open-source blockchain project. KCC’s introduction marked the beginning of a new chapter in the evolution of the KCS ecosystem by introducing a robust scene of decentralized apps.
KCC will concentrate on the following areas: constructing a basic blockchain toolchain; integrating the centralized and decentralized; Creating a worldwide open developer platform, and creating a distributed autonomous community. Moreover, developing protocols for cross-chain interoperability and improving performance and capacity to meet scale-related requirements
Tokenomics
KCS has a total supply of 200 million tokens, as previously stated. In September 2017, 100 million tokens were distributed to the first users, with no initial lock-up period. Lock-up periods of four years were granted to the inventor and the rest of the team, who received 65 million tokens.
Unlike advisers and angel investors who received 25 million with a two-year lockup term, KCS members received 10 million tokens in rewards right away. By collecting different Web 3.0-related apps spanning DeFi, GameFi, NFTs, and so on, the KCC ecosystem will produce value for token holders.
With a share of the platform’s earnings, the platform will buy back KCS tokens from the second-hand market on a regular basis, therefore reducing supply and increasing value for token investors. Additional to this, KCS is introducing EIP1559, which focuses on the KCC fee structure.
KuCoin Token (KCS) Price Analysis
At Crypto Academy, we prioritize research above everything else. We have conducted extensive research on KuCoin and its native coin KCS. Furthermore, we have been able to examine the token’s history and what it may hold in the future, and as a result, we have made some price predictions for the token.
KuCoin Token (KCS) Price Prediction 2022
Examining the token charts for this year offers a reliable idea of the token’s price direction. KCS hit an all-time high of $27.57 at the beginning of December last year, according to the most recent figures, marking a substantial price peak.
The second price high occurred at $21.74 in March. On the basis of this information, we expect that the token may reach a similar high during the next several months. With an average daily price of $20.46, the price may reach a high of $27.5.
KuCoin Token (KCS) Price Prediction 2023
We have analyzed the token’s price peaks and troughs since its inception and forecast a substantial price increase in 2023. In 2023, the price of KCS is anticipated to reach at least $31.67. By 2023, the maximum price of KCS could reach $36.87, with an average price of $34.92.
KuCoin Token (KCS) Price Prediction 2024
According to our analysts’ projections, the price of KCS may reach at least $43.83 by 2024. The price of KCS could reach a maximum of $48.27 and an average exchange rate of $44.98. Keep in mind that the next bitcoin halving will occur in 2024, which could cause significant market disruption.
KuCoin Token (KCS) Price Prediction 2025
2025 is expected to be a massively bullish year for crypto. KCS’s price is expected to reach a minimum of $63.56 around 2025. Throughout 2025, the KCS price is expected to reach a maximum of $72.57 and $68.39 on a daily basis.
KuCoin Token (KCS) Price Prediction 2026
According to our forecast, 2026 is anticipated to be a prosperous year for KCS. By 2026, the price of KCS is anticipated to reach at least a plausible level of $80.48. According to our data, the KCS price could reach an all-time high of $85.43, compared to the average predicted price of $82.31.
KuCoin Token (KCS) Price Prediction 2030
KCS is expected to have a strong year in 2030, based on our projections. By 2030, the cost of KCS is expected to rise to at least $95.48. According to our data, the cost of KCS could reach a maximum of $102.23, compared to the average predicted cost of $98.31.
Takeaways
- The token charts of past years give us a good idea of the token’s future, which we believe may be a very bullish run over the years for KCS.
- KuCoin is a popular cryptocurrency exchange because of its cheap fees and extensive range of features.
- KuCoin’s numerous features, low costs, and wide range of cryptocurrencies make it a great choice for experienced cryptocurrency traders.
- KuCoin Community Chain (KCC) is the new home of KCS, an ERC20 smart contract token that has been on the Ethereum blockchain since 2017.
- We have conducted extensive research on KuCoin and its native coin KCS, and we have been able to make bullish price predictions.
- The KuCoin token might hit a whopping price of $100 by 2030, bringing its holders a lot of profit.