In 2015, Ethereum introduced smart contracts that later enhanced technological borders to decentralized application (dApp) developers. In just three years, the crypto market was stuffed with thousands of ICOs and tokens that promised to make the world a better place. Time and highly competitive environment erased most of the cryptocurrency projects while keeping the strongest ones. With a goal to become a decentralized version of NASDAQ and Visa at the same time, Kyber Network burst into the crypto industry in 2017.
Kyber Network (KNC) Fundamental Value
Kyber Network is a fully on-chain liquidity protocol aimed at facilitating swaps for ERC-20 tokens. The Kyber Network protocol aggregates liquidity from different sources and provides it to a single network. Trades are made in just one single transaction and reflected in the blockchain thus enabling transparency while dApps or any other end-users get the best trading rates.
Kyber Network serves not only as an exchange but also provides solid APIs that enable Ethereum users to receive payments in any digital assets. This means if you a user of a digital service that in its turn utilizes Kyber Network, you can pay in any cryptocurrency (BTC, BCH, etc) while a merchant will receive payments in ETH or in any other tokens.
KNC is a native token that operates within the Kyber Network platform. KNC powers the ecosystem and facilitates the smooth operation of the Kyber Network liquidity protocol. When an exchange is initiated, the network charges a small amount of KNC tokens to the reserve. Hence, KNC fees are used to reward market makers and to cover operational costs.
According to Kyber Network whitepaper, the collected KNC tokens from the fees, after paying for the operation expenses and to the supporting partners, will be burned, i.e. taken out of circulation. The main reason for KNC token burn is to save the network in gas fees by limiting the function calls.
As of the fact, that KNC is an ERC-20 token it can be stored in Ethereum wallets like MyEthereWallet, MetaMask, and so on.
| Project name | Kyber Network |
| Stock Symbol | KNC |
| Asset Type | ERC-20 |
| Curr. Price | $0.4799 |
| Curr. Supply / Total Supply | 179,690,943 / 211,322,492 KNC |
| ROI since launch | -74.04% |
| Launch date | 2017 |
| Official Website | https://kyber.network/ |
Kyber Network (KNC) Price History
KNC token hit its best price in a glorious for cryptocurrencies year of 2018. The highest price of $6 was registered on January 9, 2018. During 2018 the KNC price rode a volatility rollercoaster and it lowered drastically in the middle of the year. Since then, KNC has never been traded above $1. Today KNC costs around 50 cents which is not that bad under the current market situation.
Kyber Network (KNC) Technical Analysis
We do not really have any technical analysis of KNC cryptocurrency. However, we’ve aggregated the technical analysis of Trading View users.
Kyber Network (KNC) Price Prediction for 2020-2025
Such sources as Wallet Investor, Digital Coin, and Crypto Ground provide quite optimistic predictions regarding KNC value.
#1. Wallet Investor Kyber Network (KNC) Price Prediction for 2020-2025
According to Wallet Investor, KNC is not so good long-term (1 year) investment. The long-term earning potential is +3.39% annual profit. Yet, with a five-year investment, an expected profit will be around +50.33%. Wallet Investor’s price forecast supposes the KNC price to be approximately $0.711 by 2025. If you are going to acquire KNC tokens for $100, you will probably get up to $150 in five years.
#2. Digital Coin Kyber Network (KNC) Price Prediction for 5 Years
Digital Coin prediction platform says that KNC is a good investment as the KNC price will increase in the future. Based on its predicted data, KNC token value might fly to $1,23 in two years and up to $2.23 by 2025. If you invest $100 in KNC purchase today, you might get around $447 in five years.
#3. Crypto Ground Kyber Network (KNC) Price Prediction for 2020-2025
The Crypto Ground in-house deep learning algorithm predicts KNC price to be around $30.62 by 2025 which according to the source makes KNC a truly profitable investment. However, its algorithm also predicts KNC crash in 2021.
Buy Kyber Network (KNC) at Changelly with USD, EUR, GBP
KNC token can be easily purchased with USD, EUR, GBP at Changelly instant exchange. Bank cards are accepted.
[add-changelly-widget from=usd to=knc]
Bottom Line
Price predictions for such a volatile market as crypto, are always difficult to be performed. As we can see each platform provides different forecasts regarding KNC price. However, all of them predict KNC growth, which makes Kyber Network (KNC) a good investment.
About Changelly
Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2015, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.
