- Bullish KNC price prediction ranges from $2.33 to $5.59.
- KNC price might also reach $6 this 2022.
- KNC’s bearish market price prediction for 2022 is $1.13.
Kyber Network is a multi-chained platform for trading cryptocurrencies and also provides liquidity from different sources to ensure the best rates. The native token of Kyber Network is called Kyber Network Crystal v2 and is denoted with KNC. It is an Ethereum-based token.
Kyber Network Crystal v2 investors are bullish on the token since it has a return on investment (ROI) of over 69% times in the past three months. KNC reached its all-time high (ATH) of $5.72, which was attained in April 2022. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, KNC investors are confident that the future of KNC is bullish.
If you are interested in the future of Kyber Network Crystal v2 (KNC) and want to know the price analysis and price prediction of KNC for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.
What is Kyber Network Crystal v2 (KNC)?
Kyber Network Crystal v2 (KNC) is present in blockchains like Ethereum blockchain, Binance Smart Chain, Polygon blockchain, and Optimism blockchain. Hence, hodlers of KNC can deposit their assets on any of the blockchains.
Kyber Network helps aggregate liquidity from various sources. It is the first platform to support instant tokens swap without needing third-party centralized exchanges. In April 2021, the first protocol to launch the dynamic market maker (DMM) called Kyber DMM was launched. Developers that build decentralized finance (DEFI) applications on Kyber Network do not worry about liquidity since the platform provides it.
Kyber Network was launched in 2017 after it raised $52 million during an initial coin offering (ICO) in September 2017. The cost per token during the ICO was 0.00166 ETH. Its mainnet was launched in February 2018. It was founded by Loi Luu, Victor Tran, and Yaron Velner.
The KyberDAO governs Kyber Network, but users need KNC to vote for the governance proposal. Some of the projects in KyberDAO include Binance, Krystal, Trust Wallet, Token, Stake Capital, Defi Alliance, and HASHED.
Kyber Network Crystal v2 (KNC) Current Market Status
The maximum supply of Kyber Network Crystal v2 (KNC) is unknown, while its circulating supply is 177,809,350 KNC, according to CoinMarketCap. At the time of writing, KNC is trading for $1.19, representing 24 hours decrease of 2.18%. The trading volume of KNC in the past 24 hours is $88.6 million, representing a 58% increase.
Some top cryptocurrency exchanges for trading Kyber Network Crystal v2 (KNC) are Binance, Kucoin, FTX, Huobi Global, Gate.io, and Kraken.
Now that you know what KNC is and its current market status, we shall discuss the price analysis of Kyber Network Crystal v2 (KNC) for 2022.
Kyber Network Crystal v2 (KNC) Price Analysis 2022
Currently, KNC is ranked in the 100th position on CoinMarketCap. Will developments and upgrades within the Kyber Network community lead to rising in the price of Kyber Network Crystal v2 (KNC)? We shall see in this Coin Edition price analysis 2022 article.
Kyber Network Crystal v2 (KNC) Price Analysis – Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Kyber Network Crystal v2 (KNC), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of KNC might be sustained before any reversal would be expected.
Kyber Network Crystal v2 (KNC) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Kyber Network Crystal v2 (KNC) 1day chart of KNC/USDT is 57.19. This shows that KNC is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.
Kyber Network Crystal v2 (KNC) Price Analysis – Moving Averages
The chart above shows the 1Day chart of KNC 200-day and 100-day Moving Average (MA). The recent uptrend indicates that KNC is on a bullish trend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Kyber Network Crystal v2 (KNC) might experience a significant rise or fall in the future.
Kyber Network Crystal v2 (KNC) Price Prediction 2022
By looking at the daily chart of KNC/USDT, the KNC price was swinging from $2.82 resistance2 to $2.33 resistance1 after touching the support levels at $1.53 and $1.13. It reversed from the support level of $1.53 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term KNC price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect KNC to reach $6 in 2022.
Kyber Network Crystal v2 (KNC) Price Prediction – Resistance and Support Levels
This bullish chart shows that the price of KNC has increased by 15.6% in the past 30 days. If this price increase continues, KNC could break the $2.33 resistance1 level and move higher to $5.59 at the resistance6 level and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of KNC might be dethroned from its present uptrend position. In simpler terms, KNC might trend below the $1.13 support level and even lower in 2022, a bearish signal.
Kyber Network Crystal v2 (KNC) Price Prediction 2023
If the value of the relative strength index (RSI) of KNC is at least 60 by the end of 2022, the bulls and investors are in change. This could spill over into the first half of 2023, which could make the price of Kyber Network Crystal v2 (KNC) trade around $10 by the end of 2023.
Kyber Network Crystal v2 (KNC) Price Prediction 2024
The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of KNC. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of KNC trade at $20 by the end of 2024.
Kyber Network Crystal v2 (KNC) Price Prediction 2025
By the end of 2025, the price of Kyber Network Crystal v2 (KNC) could rise to $40. This is because of the price surge a year after Bitcoin halved. Also, more developments will be introduced into the Kyber Network since more decentralized.
Kyber Network Crystal v2 (KNC) Price Prediction 2026
With the number of KNC hodlers on the increase and the growing sentiment about cryptocurrencies, KNC has the possibility of holding most of its recent gains and consolidating. Hence, the price of KNC could trade at around $60 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.
Kyber Network Crystal v2 (KNC) Price Prediction 2027
By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of KNC could surge to $80 by the end of 2027.
Kyber Network Crystal v2 (KNC) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a higher high-value Kyber Network Crystal v2 (KNC) could hit $100 by the end of 2028.
Kyber Network Crystal v2 (KNC) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some of the lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the price of KNC to $200 by the end of 2029.
Kyber Network Crystal v2 (KNC) Price Prediction 2030
The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Kyber Network Crystal v2 (KNC) to trade around $250 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
Conclusion
As said above, KNC might reach $6 in 2022 and $250 by 2030 if investors have decided that KNC is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Kyber Network is a multi-chained platform for trading cryptocurrencies and also provides liquidity from different sources to ensure the best rates. The native token of Kyber Network is called Kyber Network Crystal v2 and is denoted with KNC. It is an Ethereum-based token.
Like other cryptocurrencies, Kyber Network Crystal v2 (KNC) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kraken, FTX, Kucoin, Gate.io, and others.
KNC has a low possibility of surpassing its present all-time high (ATH) price of $5.72 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2023.
KNC is one of the few cryptocurrencies that has retained its bullish momentum in the past 30 days. If this momentum is maintained, KNC might reach $6 soon after its breaks the $5.59 psychological resistance.
KNC has been one of the most suitable investments in the crypto space in the past three months. Its return on investment of over 69% makes it one of the assets to keep on the watch list and hodl for the future.
KNC has a present all-time low price of $1.12.
Kyber Network was co-founded by Loi Luu, Victor Tran, and Yaron Velner.
KNC has a maximum supply that is unknown.
It was launched in 2017.
KNC can be stored in private wallets and cold and hot wallets of centralized exchanges.
KNC price is expected to reach $10 by 2023.
KNC price is expected to reach $20 by 2024.
KNC price is expected to reach $40 by 2025.
KNC price is expected to reach $60 by 2026.
KNC price is expected to reach $80 by 2027.
KNC price is expected to reach $100 by 2028.
KNC price is expected to reach $200 by 2029.
KNC price is expected to reach $250 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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