KuCoin Price Prediction 2023-2032
KuCoin Price Prediction 2023 – up to $13.82
KuCoin Price Prediction 2026 – up to $41.91
KuCoin Price Prediction 2029 – up to $33.18
KuCoin Price Prediction 2032 – up to $402.39
The crypto industry is more than the token buy-and-sell. Although the correction might continue for a few extra months, it makes more sense to actually buy. KuCoin price prediction for 2022 to 2031 is generally bullish for both long- and short-term analyses. The KuCoin price predictions indicate a relatively slow but steady growth of the KCS token, based on the predicted increased adoption of the KuCoin trading platform as well as its past price actions.
Here’s a great 2023 opener for the KuCoin network:
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The Kucoin trading platform has continued to gain popularity, and many industry experts are backing up its native digital coin, KCS, to follow suit. The KCS coin has a unique and generous reward system that has ensured many crypto investors benefit from holding the token.
Similarly, the governance token was issued through a model that would ensure nearly half of the 200 million tokens released would be burned to sustain the price of KuCoin, making it a prospective digital asset to hold for the long term.
How much is KCS worth?
Today’s KuCoin Token price is $8.63 with a 24-hour trading volume of $501,109. KuCoin Token is up 0.05% in the last 24 hours. The current CoinMarketCap ranking is #59, with a live market cap of $848,940,574. It has a circulating supply of 98,379,861 KCS coins and a max. supply of 170,118,638 KCS coins.
Also Read:
• KuCoin Review: Turn-Offs And Trade-Offs
What is the KCS coin?
Kucoin is the native governance token of the entire Kucoin ecosystem. The digital governance token is used to settle transactions within the crypto exchange platform that supports trading multiple crypto trading pairs. According to the Kucoin team, major efforts will be put in place to ensure that KCS’s price remains healthy for its holders as the platform and the entire ecosystem continues to grow.
The Kucoin token was launched in 2017 alongside the entire platform, and 200 million tokens were released in circulation. However, the platform’s idea was to monitor the demand and utility of the token in order to maintain its price and protect its investors. There were plans to burn nearly half of KCS tokens to leave the circulation supply at 100 million. The platform also plans to utilize the KCS token as the native digital asset that governs all the decentralized exchanges and the KuChain. The increase in utility of the Kucoin crypto will increase its demand, making it a potential high-profit cryptocurrency to hold for long-term investment.
KuCoin utilizes an encryption protocol that protects private data. Also, the exchange has an internal risk department that ensures the safety of your funds. To further enhance its security architecture, KuCoin offers users the opportunity to use Google Authentication as an extra layer of security for log-in purposes and the confirmation of trades. This is often referred to as two-factor authentication (2FA). In other words, if anyone hacks through your password, they will still have to provide the authentication code on your mobile phone, making your account impenetrable.
To further beef up the exchange’s security features, KuCoin entered into a partnership with a leading Singapore-based crypto-asset custody firm known as Onchain Custodian. This firm provides custody for KuCoin’s crypto holdings, and Lockton, the world’s largest private insurance brokerage company backs their activities.
Despite all these security features, KuCoin was hacked in 2020, and the hacker carted away over 280 million USD, although their CEO reported that an 84% recovery was made. This incident raised eyebrows about the safety of KuCoin and its susceptibility to external breaches.
