• KuCoin Token (KCS) is the native token of KuCoin, a profit-sharing exchange.
• KCS price prediction for 2023 ranges between $6.257 and $14.513 with a bullish outlook to reach $25 soon.
• Current market status of KCS shows that it is trading at $8.47 with 24-hour trading volume of $1,867,244 and a 3.5% decrease in price over the last 24 hours.
What is KuCoin Token (KCS)?
KuCoin Token (KCS) is the native token of KuCoin, which is a profit-sharing token that allows traders to draw value from the exchange. It was established as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. KuCoin has also announced that Empowering KCS will be a priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. It employs the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users.
KuCoin Token (KCS) Price Prediction 2023
KuCoin Token (KCS) holds the 60th position on CoinGecko right now. KCS price prediction 2022 is explained below with a weekly time frame. The above chart of KCS laid out the descending channel pattern which suggests that if this trend continues, then KCS may reach resistance level at $9.091 or fall back to support level at $8.494 if trend reverses itself in future..
Current Market Status
Current Price of KCS stands at 8$47 with 24 hour trading volume being 1,867,244 US dollars and experiencing 3% down trend in terms of its price over past 24 hours while its all time high was recorded at 28$83 on December 01 2021 according to CoinGecko’s reportings..
Support & Resistance Levels
The chart below shows support & resistance levels of Kucoin Token (KSC). From this daily time frame we can interpret following levels as resistance & support levels respectively; 8$77 as resistance level & 8$49 as support level for current situation..
Conclusion
In conclusion we can say that current market status for cryptocurrency;Kucoin Token(KSC) looks quite promising due to its potentials in terms of RSI , RVOL , patterns etc . In addition , according to our predictions for year 2023 it may reach upto 25$ due to increasing demand & usage rate .